after charge off
Date: Mon, 02/21/2011 - 20:37
They were all sold to junk debt buyers, Asset Acceptance, Daniels and Norelli, and one other outfit.
My question is this...after calling for a few weeks, they all have quit, except for a token call once a week or so. I am in a somewhat better financial shape than I was and could perhaps settle some of these if they were willing. Do I contact them to settle or wait on them to call me?
also, I assume the credit report damage was done after the original credtitor posted the charge off and late payments........will not paying these junk debt buyers harm my credit further?
opinions ? experiences?
Thanks in advance
As you're financially capable to pay off the cards, you should c
As you're financially capable to pay off the cards, you should contact your original creditors and ask them to withdraw the account from collections. Once the accounts are back with your original creditors, then you can negotiate with them and pay them off through an affordable payment plan.
The original creditor will be able to withdraw the account from
The original creditor will be able to withdraw the account from the collections. However, it will always remain the discretion of the original creditor whether or not they will withdraw the account from collections and negotiate with you.
As a general rule, accounts are placed in collections under cont
As a general rule, accounts are placed in collections under contract, which means an original creditor cannot withdraw or recall an account without cause. It has nothing to do with discrection.
