Quote:
Originally Posted by beta decay
So, it seems there is no way to settle without a settlement lawyer. They wouldn't bother telling a lawyer that the 50% settlement will be given to the next costumer, or that my bank account information is needed to lock in payment even when I'm using Western Union. They wouldn't bother trying to trick the lawyer, and they would get on with things.
On the other hand, I could mail them a letter saying "I'll settle under these terms...and if you don't agree before such and such a date then this is notice to cease communication."
|
I don't think you really need spend time and money with a lawyer. I had a similar situation where I paid half of what its owed as settlement. My bank required it to be in writing from the debt collection agency to get my car loan approved. I then forwarded a copy to each credit agency that I paid my debt. In fact, it was my bank that transferred the money to the debt collection in order to get that letter.
That's what you need; something in writing that "settle the debt for agreed amount." The letter has to come from the collection agency with their company letterhead. Work with your bank if you have too. Then fax a copy to each credit agency to update your credit history.