Question about settlement????
Date: Fri, 01/26/2007 - 16:59
When they contacted me, they offered me a chance to pay only $4900 to clear debt. I could not so I have been paying them $350 a month since September. I can now afford around $4500. How should I go about this? Should I offer them $4500 to clear out the account? If they accept how do I know that someone else will not come after me down the road for the difference? How can I know for sure this account will be closed?
Thanks
You can try contacting them and offer to settle for this amount
You can try contacting them and offer to settle for this amount and if they agree request that they send you the agreement in writing and once it is paid a letter stating that the account is paid in full. Also request that they not this with the credit bureaus once it is paid off.
There are also sample letters in the Do It Yourself section of t
There are also sample letters in the Do It Yourself section of the forum. I would try the proposal in writing to see if they go for it. If you do, send everything certified mail with return receipt requested.
First, check out whether the last payment is already posted towa
First, check out whether the last payment is already posted towards your account. Maybe, you can negotiate for a lower amount also. Make sure that you have the agreement in writing and they will mark your account with a PIF.
After all I have learned on here, I can tell you you must get ev
After all I have learned on here, I can tell you you must get everything in writing. Good luck!