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kamakazi5
Joined: 10 Oct 2009
kamakazi5's page
Posts: 3
76 Magic Points
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Subject: Old collection from an apartment complex.
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Sat Oct 10, 2009 1:43 am
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Hi I'm not sure if this is really the right place to ask but was wondering if I could get some information on how to go about paying off collection. I am about to move but the apartments where I am going saw that I have a collection from an apartment from almost 5 years ago. They said I can either pay it off and be accepted or pay it to below $1500 and just have to put down one months rent as a deposit. They said all I would have to do is get in touch with the agency (Professional Debt Mediation) and work out a deal with them and then have the collection agency fax the apartments that I have made such and such payments.
After reading so much stuff on how to deal with collection agencies I really don't know what would be the best route to go with this. I'd like to just pay it in full and be able to get this done as quickly as possible because I'm in a tight situation with where I'm living and have to find a new place ASAP. Also, I live in Texas and would it be better to just find an attorney to deal with it for me? Is that expensive? Any help would be greatly appreciated. |
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sunnyca
Joined: 10 Sep 2009
sunnyca's page
Posts: 148
954 Magic Points
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Sat Oct 10, 2009 3:24 am
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What you need to do is make sure this item which is appearing on yoru credit report is really correct and you really owe them the money. If you know that you really owe them the money, then call teh aprtment people and check with them how to settle that
If they ask you work with the collection agency, call them and ask for an settlement and makesure that they agree to fax the letter to the new aprtment people and ask them to report it to the credit agences as paid in full |
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Justin
Joined: 17 Jul 2006
Justin's page
Posts: 1240
28942 Magic Points
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kamakazi5
Joined: 10 Oct 2009
kamakazi5's page
Posts: 3
76 Magic Points
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Sat Oct 10, 2009 2:43 pm
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| Thanks for the quick replies. I'll give them a call on Monday to work out a settlement. Would you know if collection agencies will be willing to fax back and forth rather than sending it all through the mail? I would of course mail the money order and not give out my bank account or debit card info but the rest I would like to get done as soon as I can. |
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sunnyca
Joined: 10 Sep 2009
sunnyca's page
Posts: 148
954 Magic Points
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Sat Oct 10, 2009 5:22 pm
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If they will fax, that shoudl nto be a problem. But it will depend on the collection agency
Also make sure to keep a copy of all the communication with them |
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kamakazi5
Joined: 10 Oct 2009
kamakazi5's page
Posts: 3
76 Magic Points
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Mon Oct 12, 2009 8:42 pm
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| Ok, so I called and spoke with them and they said that they were willing to do the deal for quite a bit less so I want to go ahead and set it up. I will send the debt settlement letter out but if I'm going to fax it, do I need to sign it first and then fax it to them so they can sign? Also, after this part do I just go ahead and send a money order for the specified amount via certified mail and wait for a response from them saying they received it? Thanks again for all the help. |
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