Re: Need to be Educated on Charge Off

Posted by catb (4.14.166.70) on July 08, 2004 at 23:01:40:

In Reply to: Need to be Educated on Charge Off posted by Bewildered on July 08, 2004 at 20:50:10:

even if they take 50%, they are gonna sell the other half again to a new CA, with a note saying.."this one will pay up...go get it.". when was the last date you paid? it sounds like its past SOL anyways or close. what state? they know the limit on your card..its on your credit report. they will go for more now. ALL collection agents are threatening. big deal. threaten away. best bet if you must settle..take it out as cash on another cc...BAD IDEA tho..and send em a money order. you just showed them what your holding in your hand..and they upped the ante. and now they KNOW what you can pay. check the SOL,.

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