debt stressed

It depends on how you can negotiate with the debt collector. But, as a general rule, you must take a settlement letter before you pay them off.

Tell them to send you a settlement letter that says If they recieve the payment of XXX dollars by such and such date your account ### is paid in full. When you recieve that letter, sign it, copy it and send it back by certified mail with a check. Make sure it is sent to you with plenty of time to return it with the check.

skeeter

Don't ever pay a collection agency without getting a letter first. If they won't give you a letter first then tell them you can't settle. Remember, they want your money and at some point will cave and get you a letter first.

When you negotiate with the collector to settle your debt, it is always advisable to ask for a written settlement letter. You should not pay a single penny before signing the agreement. Verbal agreements are not legally valid. Moreover, several collection agencies change the terms and conditions of the agreement later later.