Help!!!
Date: Wed, 04/28/2010 - 13:12
Thanks to all!
Quote:Originally Posted by AnonymousPhillips & Coen just offered
Quote:
Originally Posted by Anonymous Phillips & Coen just offered me a 25%settlement for an Advanta account....Catch is they want the funds by 9:00pm EST tonight...I can get the funds but what exactly do I need from them in writing to make sure I dont get burned??? I will not give them bank account # but rather western Union the money....There really putting the pressure on and this is the best offer I've got $20k balacne settle for $5500....Please, any help appreciated....sound like I sould take the offer ?? Thanks to all! |
did you get this in writing?if so,then take it.however,if everything was done by phone i wouldn't accept it.advanta is bankrupt,and this is a bottomfeeder.that being said if the offer is in writing go for it.if not then there is a catch.
Yep, make them fax or email you the detail of the arrangement so
Yep, make them fax or email you the detail of the arrangement so that you have it in writing. If they refuse to do so, I wouldn't give them a dime.
Quote:Originally Posted by OhioGal1Yep, make them fax or email y
Quote:
Originally Posted by OhioGal1 Yep, make them fax or email you the detail of the arrangement so that you have it in writing. If they refuse to do so, I wouldn't give them a dime. |
Thanks...I'm the original poster...i'm waiting on the fax letter right now...my question is is there anything specific I need to look out for in the letter??? Also, they want $ tonight....I can Western Union the funds and my question here (never used Wester union before) is that if i pay WU with a debit card is there any way Phillips can trace where the funds came from?? Please let me know and I'll keep u all posted througout the rest of today.
Thanks!
OK Here is what the letter says: "Pursuent to our telephone con
OK Here is what the letter says:
"Pursuent to our telephone conversation, Philliops & Cohen is the authorized representative for Advanta Bank Corp.
We have been authorized to accept a settlement on the above referenced account for $_____in accordance with the sechdule below
Anount___$
Upon reciept and clearence of the above referenced payment you will be released from any further obligation to Advanta Bank Corp. regarding the above refernencd account. This arrangement will be cancelled if payments are not made in accordance with the indicated schedule"
DOES THIS SUFFICE???? THANKS FOR YOUR HELP!!
Thanks...I'm the original poster...i'm waiting on the fax letter right now...my question is is there anything specific I need to look out for in the letter??? Also, they want $ tonight....I can Western Union the funds and my question here (never used Wester union before) is that if i pay WU with a debit card is there any way Phillips can trace where the funds came from?? Please let me know and I'll keep u all posted througout the rest of today.
Thanks!
Does the above letter wording make sense?? need to make the deci
Does the above letter wording make sense?? need to make the decision by 9pm EST...looking for advise asap!!
Thank You!
i would ask them for a clause that states they won't sell the fo
i would ask them for a clause that states they won't sell the forgiven portion.that's just my paranoid side,but places like this sell forgiven debt all the time.you don't want another collector coming at you for the rest.
what you need from them is a settlement letter stating the deal
what you need from them is a settlement letter stating the deal in writing and the actual debt amount written clearly once you have this in writing only the n give them the money if you don't get that in writing they may come back for more and you wont have any proof then so only when you get the settlement letter in writing then go foward with the payment of the money and it would be a good idea to pay them by a check instead of western union so that you have a record of it
