The agents have made contact with me regarding the debt and suggested a ,make an offer to settle this debt.The co provided a websight that I could use to make the settlement offer to them,however this sight does not pop up when tryed. What could I do ? They have other ways for contacting them, I do not wish to talk on the phone or return the fill in the spaces letter. Websight is best . What could I do ?Besides I would need help in making such a deal anyway, I'am not the best at making deals for debts I'am not sure I owe. Help
Charles
bigredcharles@yahoo.com
2007-03-24 14:38:15 · 3 answers · asked by bigredcharles 1 in Business & Finance ➔ Credit
Send them a debt validation letter first. Make sure that the amount they are requesting is the valid amount, that they have a legal right to collect the debt and that it is actually your debt.
Validation must come from the original creditor through the collection agency. A computer printout or a letter on the collection agency's stationary is not validation.
Send everything to them certified mail return receipt.
You should also make sure that you are still within the SOL for collecting in your state. If you are out of the collecting SOL you are not legally bound to pay it.
You should also find out if your state requires a collection agency to be licensed and/or bonded. If your state requires it, find out if that agency is licensed and/or bonded to do business in your state.
Order your paid reports from each CRA and make sure that if they are reporting, that they are reporting correctly. If they are not reporting correctly, send a dispute to the CRA's when you get the green certified mail card back from them.
If you are no longer in SOL, you have a legal right to send them a SOL letter telling them the debt is no longer collectible.
If you are still within SOL, or if you are out of SOL but want to pay, send them a letter requesting that they take a portion of the amount as payment in full and that they will delete anything they have placed on your credit reports upon payment.
You might click on my profile and do some reading on the sites I have listed. The FDCPA, FCRA, etc.
You might go to the last site I've listed and do some reading or ask any question you may have on there.
Learn your rights and learn how to use them
2007-03-24 19:00:25 · answer #1 · answered by echo 7 · 1⤊ 1⤋
Well if you have intentions to settle it you will need to be in contact with them. Before you make any type of payment you will need a settlement letter from the agency agreeing to the amount and when the payment is due. Then after you receive it the rest is up to you.
2007-03-24 14:55:04 · answer #2 · answered by JD 2 · 1⤊ 0⤋
I would dispute the debt and make them prove that you are responsible for the debt.
The best approach is to send certified letters to their address and see how they respond. They can sue you in court.
If the debt is valid - I would offer 50% and propose a suitable repayment plan.
2007-03-24 14:46:49 · answer #3 · answered by Anonymous · 1⤊ 0⤋