i received this letter: please i don't know what to do, i have really bad credit is this true? how do i know?please somebody help me i can pay that amount but i need to be sure of this.if they put my account as an open account is that correct?
read what they sent me:
an opportunity to reinstate your account
our client values your business and would like to help you reinstate your account with them. therefore, we we offer you the following opportunity:
pay the full balance due in three equal monthly payments os $xxx.xx and received a new credit card with acredit line equal to the amount of your total payments. this offer is conditioned upon you having no other past due accounts with this creditor. this offer will be valid as long as our client, referenced above, continues to authorize this program.
to begin this process and take advantage of this opportunity, simply enclose your payment in the envelope provided , along with the completed"certificate of Reinstatement" form. once reinstated , this account will be reported to the national credit bureaus as an open account.
reinstatement form must be fully completed for your account to be eligible for reinstatement.