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I am from Arizona. I have $25k debts on credit cards with a JDB. They are willing to settle at $10k. I refused. The debts should drop from my credit report in the next 2 years. I have offered to pay $1000.
But, they didn’t agree. The told me to call them again with a better settlement offer. What can I do?

You have 2 options.

Option 1: Wait for 2 years and let the debt drop from your credit report.
Option 2: Pay $10000 and settle your debt.

If the SOL period is already over, then you can opt for option 1. If the SOL period is not yet over, then you can opt for the option 2.

Sub: #1 posted on Fri, 12/27/2019 - 01:11

Nick Jonas Nick Jonas

(Posts: 428 | Credits: )

Since the SOL is still activate, you can't ignore the debt. Ask them to validate the debt. If they do, then go for a settlement.

Sub: #2 posted on Fri, 12/27/2019 - 05:20

Sanders Patricia Sanders Patricia

(Posts: 1239 | Credits: )

Unless the poster’s contact with the collection agencies is due to receiving debt collection letters containing the 30-day validation notice and he sends a request within 30 days of receiving that notice, the agencies are not required to validate the debts.

Sub: #3 posted on Sat, 12/28/2019 - 06:32

vntrsc vntrsc

(Posts: 18 | Credits: )

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