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Sent validaton letter to CA, they responded with offer for 40% of debt


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Posted by creditguy (24.93.94.174) on August 10, 2002 at 15:16:41:

What the heck? There is a $1400 collection showing on my credit report, because apparently a FULL payment check last year to citibank was 3 days past the chargeoff date for a $16000 debt.

The CA originally claimed I owe the $1400 dollar because the check to the OC was late, and they've been charging 60 dollar per month late fees and obscene interest in the mean time.

I told the CA to go fuck themselves in a letter stating my request for validation that I owe them any money, including a copy of my cancelled check that paid Citibank off in full. Two days later the CA sent me an overnight letter saying they would settle the account for FAR less than the previous amount they were claiming.

Any ideas on how I should proceed?


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