Wanted me to agree to pay 20% if take auto draft now
Date: Mon, 04/08/2013 - 18:12
I had a conversation an account supervisor who wanted me to pay today without an agreement.
I did not take it and got them down to 39% and a letter in the mail. I will talk to them once I have the letter on Friday. I think they are just trying to get money without anything in writing. Then I don't have a leg to stand on. I had to keep saying I could not pay anything until I speak w other creditors. First they wanted a small payment to even take a settlement offer to management. Next they said they would take 20% if and only if I let them take an auto withdraw today from my checking. Last they offered 39%. I think this is decent for Discover from what I have read. Please comment on this experience and how they work.
I have other creditors to work with. Should I try to get this negotiated this week too?
I did not take it and got them down to 39% and a letter in the mail. I will talk to them once I have the letter on Friday. I think they are just trying to get money without anything in writing. Then I don't have a leg to stand on. I had to keep saying I could not pay anything until I speak w other creditors. First they wanted a small payment to even take a settlement offer to management. Next they said they would take 20% if and only if I let them take an auto withdraw today from my checking. Last they offered 39%. I think this is decent for Discover from what I have read. Please comment on this experience and how they work.
I have other creditors to work with. Should I try to get this negotiated this week too?
Me too
I've been checking what others have said here. The books I've read say never pay anything without a written agreement. They also wanted me to pay some money to even get an agreement. This is the first creditor I settled with so it was stressful. I was very temped to agree to the draft for a 20% agreement. However I did not trust them to hold to the verbal settlement offer.
Discover being as aggressive
Discover being as aggressive a creditor as they are offering 39 percent to settle is a pretty good deal. However, its sounds a little strange, them asking for an auto draft and a paper free instant settlement. In my opinion, you should get everything in writing before you even consider paying.
