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Payoff Discount Offer

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 Posted on Sun Nov 02, 2008 12:36 am  
Definately the best advice here. You can not relize just how exasperating it is to dodge collectors or the worst part when they first resell the debt to a new agency and they hound you and family members for months.
 
fireyone



Joined: 26 Feb 2008
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Posts: 3249



1340 Magic Points
 
 Posted on Sun Nov 02, 2008 12:40 am  
Geez must have been a big brain fart..forgot to sign in. anyway that last post was me.
 
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1127



1045 Magic Points
Subject: credit
 
 Posted on Sun Nov 02, 2008 1:17 pm  
GOODNATURED.....I'm gonna go back to your comment. " pay back what you owe." I've already done that. However, the CA is telling that I have to "legally pay back all of the fees, too." I just don't think i will.
 
fireyone



Joined: 26 Feb 2008
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Posts: 3249



1340 Magic Points
 
 Posted on Mon Nov 03, 2008 11:58 am  
SD I am pretty sure you will have to pay back the fees. GN isn't on here alot much so maybe you should leave her a PM so she can answer this question.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3235



2257 Magic Points
 
 Posted on Sat Nov 08, 2008 1:11 pm  
I wouldn't and you know what if they are not cooperative they will just sell it off to another and hopefully they will be more cooperative. you know how it works sd, just give it some time. How old is the debt?
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
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Posts: 3249



1340 Magic Points
 
 Posted on Sun Nov 09, 2008 11:09 pm  
can they legally collect it?
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3235



2257 Magic Points
 
 Posted on Tue Nov 11, 2008 2:15 am  
Well I would attempt the debt validation to see if they are legally able to collect it.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
carol

carol

Joined: 27 Jun 2006
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Posts: 462



12343 Magic Points
 
 Posted on Wed Nov 12, 2008 3:37 am  
Hi Chargers
You need to pay back the entire outstanding debt including their fees because the fees also constitute a part of the debt. However, before paying off the debt if you can negotiate with the collection agency for a discount on the outstanding debt, you can avoid the fees. Most of the CAs may settle for 60 to 80% of the outstanding debt. But this negotiation should be done before you start paying them off. You should check you credit report for the outstanding amount of the debt, they have mentioned there.
_________________
Keep in touch
Carol
 
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