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Hey everyone I've been reading through this site for the past few days everyone has seemed so helpful with others issues. I'm hoping that someone can help me with this.
I received the following letter Friday from a collection agency saying that they are willing to reduce my balance by 30%. They say that my balance owed is $9048.02 but my settlement balance is $6333.61.
However, according to my credit report the balance charged off from the original creditor was $6,655.
Should I send them a DV letter and mention this? Or just send them the DV form letter I found here and not mention it at all?
Any help would be greatly appreciated! I've had a rough time financially the past few years and am trying to work my way out of everything.
in my opinion you should just sent them a DV letter and not mention the amount but you should make them prove what the amount is for , intrest fees whatever? you know the correct amount so where you should start is to send the DV letter and find out exactly what is is they have. good luck and keep us posted
Yes, you should always get the debt validated to be sure that the CA owns the debt. If they can validate the debt, you will get automatically get the details of the debt you owe including interest charges and late fees. Now, before paying off the debt, you should get the settlement agreement in writing.
Thank you for your help! I will get the DV letter out! I will definately let you all know what happens