Palisdades Demand
Date: Fri, 03/25/2011 - 15:32
Palisades purchased our charge-off credit card from Chase. The charge-off debt is listed on my credit report by both Chase and Palisades. I have been paying Palisades on this debt for two years. They keep adding interest to the balance so I feel like I will never be free from them. I talked with them today, and they said that they would stop the interest if I allowed them to draft my bank account. I do not feel comfortable with them having access to my account. I do not have enough money saved or I would just offer them a settlement. What should I do?
You are right. You shouldn't give them the details of your bank
You are right. You shouldn't give them the details of your bank account so that they can access it. It will be better if you could offer them a settlement. You should contact them and start negotiating for a debt settlement on your own. In case, you find that you're unable to negotiate with them for debt settlement, you can take help of a debt relief company in this matter.
