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antics6891
Joined: 30 May 2009
antics6891's page
Posts: 1
35 Magic Points
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Subject: DV response from CA Help
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Sat May 30, 2009 4:54 am
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| I have sent a DV letter to a CA and they responded with a single page response. The letter was real brief and only stated the original account number, the OC as well as the account number, the charge-off date, the charge-off balance, and the current balance with accrued interest. My question is wheter or not this is constitutes a validation? What should I do next? Thanks in advance |
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AMIT
Joined: 28 May 2009
AMIT's page
Posts: 9
371 Magic Points
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rachael
Joined: 11 May 2009
rachael's page
Posts: 244
6581 Magic Points
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Mon Jun 01, 2009 4:13 am
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Hi antics,
I think the collection agency has given the required information, so they must be genuine. You can request for a settlement plan. You can negotiate for a amount that is 40-60% less than the actual amount. If the CA does not agree to a settlement plan, you can also request for a payment structure that is affordable.
Before making any payment come to a pay for deletion agreement with the CA. Send your Pay for Deletion Letter through certified mail with a return receipt requested. You will find a sample Pay for Deletion Letter in the Letters of Credit section.
_________________
Looking forward to a debt-free life. |
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Andrew
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Subject: Uncleared Debt
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Mon Jun 15, 2009 11:20 am
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| I have $2000 outstanding on my credit card and its mounting. I would like to know if I should ask the credit card company for a settlement or should wait for them to give me some offer. I am very scared as I cant pay the entire amount. |
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scott
Joined: 28 Jun 2006
scott's page
Posts: 462
10934 Magic Points
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Mon Jun 15, 2009 11:37 am
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Hi Andrew,
I think you should contact the credit card company and request a settlement. The chances of the company accepting your settlement offer will increase if you are able to pay a lump sum. You can try to convince them by explaining your financial situation and your willingness to pay. It is sometimes possible to reduce the debt by 40-60% of the actual amount.
Good luck to you and keep me informed.
_________________
SCOTT
Use your credit account responsibly and enjoy a debt free life. |
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AMIT
Joined: 28 May 2009
AMIT's page
Posts: 9
371 Magic Points
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