Should I seek a settlement or not
Date: Tue, 05/15/2007 - 10:16
Although the creditor closed my account (I owe a about $3,800.00), I have made payments consistently for 2 years. Without missing a payment, I just received a letter from a collection agency demanding the full amount. Should I try to take a settlement or not?
Thanks
Thanks
Why was your account sent to the CA when you were paying to the
Why was your account sent to the CA when you were paying to the original creditor? Did you default before it reached the CA?
I believe you can still work out arrangements with the original creditor because probably, your file is in their system. They might have hired the CA for the collections. Don't forget to get the PIF letter once the debt is paid.
Sorry. My computer stopped working. My account was placed in co
Sorry. My computer stopped working. My account was placed in collections, although I continue to pay more than the balance due. I have to chcek my records, since so much went on after HSBC took over Direct Merchant credit cards.
Thanks
