ShermanAcq. Negotiated Settlement
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by bman
(205.188.116.84) on May 01, 2004 at 16:55:05:
ShermanAcq purchased a judgment account from Sears. The judgment is in its ninth year for NC. The original judgment was for $3000 but their lawyers have added interest bringing the "current" amount to $6000. Sherman also insists I deal with their lawyers. I want to negotiate a settlement that offers ShermanAcq a small profit for them above what they paid for the account. I think they paid about 3 cents on the dollar and I am offering to pay up to $500, which is about 9 cents on the "current" amount. Their assigned lawyer refused this, however. They insist on $1500. That's about $1000 more than I want to settle for. I am searching for ideas that might bring them closer to my amount.
One idea is that I "suggest" I will use a cease
and desist letter and deal with the matter later when the
price comes down.
I think a cease
and desist letter will result in Sherman re-assigning the
account to someone else, and that the lawyer would be willing
to come down to my price to avoid that.
bman
Also
read the Collection Agency Frequently Asked Questions
Follow Ups:
Post a Followup
|
