Public Forum
Credit Reports
Apply For Cards
Credit Directory
Credit Overview
Credit Problems
Credit News
Credit Glossary
Purchase Books
Credit Laws
Business Credit
Merchant Accts

Settle or not pay??

[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]

Posted by TommyV ( on April 27, 2004 at 20:43:25:

I had a credit card debt of about $15000 which is now being collected by Collect America. One of their agents/lawyers called and asked if I can pay 1/2 or $7500 to settle the debt.

If I'm able to borrow the cash from family and friends, should I settle and pay and be done with it? Or should I ignore the collection agency.

I am thinking if I don't pay, they will try to sue me for the full amount later.

Follow Ups:

Post a Followup




Optional Link URL:
Link Title:

[ Follow Ups ]   [ Post Followup ]   [ Credit Forum Index ]


    Top Of Page


Copyright 1999-2004 Enkephalos Web Design