Is this common before getting settlement in writing
Date: Tue, 02/02/2010 - 18:12
The collection agency is requesting that a payment be made directly to the creditor before they can send a settlement offer of 40 percent in writing. A payment will then have to be made in the settlement amount within 7 days. Both payments are made out to the creditor and not the collection agency. The collection agency says this is to show good faith.
I have heard of BofA doing this. FYI....most CA's have signat
I have heard of BofA doing this.
FYI....most CA's have signatory rights to cash checks made out to their clients
Really? BOA? I always wait for deals in writing before sending
Really? BOA? I always wait for deals in writing before sending money anywhere.
There not asking for a lot. I can just make a $50 payment, and t
There not asking for a lot. I can just make a $50 payment, and they say it will be applied to my 40 percent settlement.
