One of my debts has been dent to colelctions. The collection agency contacted me and while talking to them, they've agreed to settle a debt and I have to give 70% of it.
I have 2 questions:
1. I am somewhat sure that the debt is mine but is it necessary to verify the debt?
2. is it wise to agree to the offer?
Frankly speaking, the offer doesn't sound good to me. You should negotiate more and try to lower your payoff amount by another 10%.
Sub: #1 posted on Tue, 03/20/2018 - 02:57
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Try to lower the settlement amount to about 40% of what you owe. It depends on how well you can negotiate and convince your creditor. See how much you can negotiate for; the less the better for you.
Sub: #2 posted on Tue, 03/20/2018 - 06:11
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Sub: #3 posted on Wed, 03/21/2018 - 06:14
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70% settlement offer isn't good enough, try to get it atleast 60%.
Sub: #4 posted on Fri, 03/23/2018 - 01:00
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