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How do I start the negotiations with Colleciton Agency?

Date: Tue, 05/25/2010 - 14:45

Submitted by anonymous
on Tue, 05/25/2010 - 14:45

Posts: 202330 Credits: [Donate]

Total Replies: 2


Had a CAP ONE account sold to Portfolio Recovery back in 2/09. I was already under hardship with CAP ONE making minimum payments of $17.75. No letter was sent to me but phone calls starting pouring in later that year. I have sent this small amount of money through my changing of jobs consistently the whole time. The amount I owed CAPONE at the time of sale was $5473.

I now have some money put aside to make a pennies on the dollar offer.

How do i begin settling?
At this point they just call 3 times a day leave messages but no letters, no threat of suit.

Should I keep paying the amount until they request more? Or after I try to negotiate.

C