Settling an old debt, advice?
Date: Mon, 02/07/2011 - 08:00
I'm attempting to reach a settlement with NCO Financial, my debt is over a year old, it's for $1434, from an old T-Mobile bill.
I reached one person who says "the lowest we'll go is 75%, $1075"
I told them I can not do that, and offered 30%, he said that he had it written in front of him that 75% is the lowest he could authorize, and tells me to call their collections department.
Does anyone have any advice for how I should handle this when calling them?
I reached one person who says "the lowest we'll go is 75%, $1075"
I told them I can not do that, and offered 30%, he said that he had it written in front of him that 75% is the lowest he could authorize, and tells me to call their collections department.
Does anyone have any advice for how I should handle this when calling them?
As far as I know, most of the creditors or collection agencies s
As far as I know, most of the creditors or collection agencies settle the debts for 40% - 60%. If you feel that you are unable to settle the debt with NCO Financial on your own, you can take the help of debt settlement companies. They will negotiate with NCO Financial on your behalf and help you in settling the debt.
