debt collection failed their 30 day period.

Post reply Start a topic

Author

Message

Options

	Print this topic
	Invite a friend
	Email this topic

Bookmark online

	Add to del.icio.us
	Add to YahooMyWeb

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1298

28935 Magic Points

Mon Oct 12, 2009 12:23 pm

Hi Kara,

You mean to say, that your debt has been passed on to a new collection agency. A debt is not validated unless the CA provides a copy of the original contract, statements from your payment history and proof that the CA is authorized to collect the debt. If you have these documents then your debt is validated. In answer to their intent to file, you can write about a settlement offer. Most of the times the collection agencies settle for out-of-court settlement since it is a wastage of money and time. Try to negotiate with them and settle your debt. Before doing that, evaluate your financial position and calculate how much you can pay them.

Do this and tell us about your progress.
_________________
All the Best Smile

Justin

Quick Reply

Your Name

Subject

Message body

Previous 1 2
Page 2 of 2