Re: Collection account (please help)

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

Posted by Chris Ey on May 13, 2001 at 17:24:07:

In Reply to: Collection account (please help) posted by Chris Ey on April 18, 2001 at 16:23:52:

: I have an account that has been delinquent for about 5 years and I got a call today from a Law Firm stating that they were filing a law suit. They said the total owed was $1150.00 and they would settle for $850.

: They said they needed paymnet in full as well. I checked my last credit report from a year ago and it listed this debt at $634
: When I asked he told me that it was at $850 when they bought the account and the interest put it at the $1150 mark.

: Should I pay this or are they bluffing? He said they will not take it off my credit report they will only mark it as settled. Any help would be great. I don't want to get sued but it also sounds like a bluff.

Follow Ups:

Post a Followup

Name:
E-Mail:

Subject:

Comments:
: : I have an account that has been delinquent for about 5 years and I got a call today from a Law Firm stating that they were filing a law suit. They said the total owed was $1150.00 and they would settle for $850. : : They said they needed paymnet in full as well. I checked my last credit report from a year ago and it listed this debt at $634 : : When I asked he told me that it was at $850 when they bought the account and the interest put it at the $1150 mark. : : Should I pay this or are they bluffing? He said they will not take it off my credit report they will only mark it as settled. Any help would be great. I don't want to get sued but it also sounds like a bluff.

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

Top Of Page