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Hi I really need some advice. I recently started negotiating with collections in order to settle out some debt. The largest of my credit cards agreed to a 25% debt settlement. After receipt of the agreement letter (I knew to have it in writing), I paid the 1st installment via debit card (I had no other choice). It says the 2 other payments will have to be made by 5/30 and 6/30 and then the total debt will be paid in full. However, I keep getting calls every day sometimes 3 times a day saying they need a credit card or bank # now for proof of payment. They promise not to put it thru until the actual end of month but I am not sure about this. The other agencies I negotiated with never asked for such a thing and never called after the agreement was made. ARE THESE SHIsters or what? What do I do? I have a pre paid visa ready and loaded with the 2nd payment for this month but I have been avoiding them cause I think they might renig on their offer letter. Can they?
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I would absolutely NOT give them your bank account info, next thing you know they'll put through a charge for the full amount and you will be responsible for the overdraft and it will be a huge mess. Just continue as you agreed, it can't go any further, its already in debt collections, ugh, the scumbag debt collectors . . .
And it makes no sense that they need proof, in all likelihood they should assume you don't have the money sitting in an account waiting to pay them on the 30th of each month, which is why they set up a plan for you, so you can get the money together and pay them. It's real fishy and I have a feeling they're going to try and get the full amount out of you and you would have no legal recourse, cause technically you owed the full debt. -
DO NOT give them access to your accounts! They will rob you blind if you do, and you will likely be able to do nothing about it because you owe them money.
Is this part of the agreement, that you must pay with a debit/credit card? If not, get a money order and send that to them. Although I do like the idea of the pre-paid Visa card.After receipt of the agreement letter (I knew to have it in writing), I paid the 1st installment via debit card (I had no other choice).
They made the offer, and backed it up in writing. If they renege on it, sue them into oblivion.Comment
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Why do they keep calling????????????
Forgot about this part. It's because the are bottom feeding scum with no morals, and they are trying to scare you into doing what they tell you do to whether it's legal, moral, ethical or not. As long as you are obeying the terms of the agreement, just hang up.Comment
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Ok Thanks everyone for replying.
If I used the DEBIT card last time can they legally charge more on that card?
If I send a money order or cashiers check - I do not have a specific person to send it to or do I just assume if it's cashed that is the end of it? and Can they say they did not get it in time and cash it after the 30th?
If I pay via the prepaid visa is that enough proof for the 3 credit bureau's?
I appreciate all advice the 30th is looming ... ThanksComment
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If you go the bolded route, then go to the post office and send it with a receipt signature required (you fill out a little form and pay a bit extra). This way you have proof of delivery with a signature and a date.Originally posted by Jimmy4us View PostComment
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They can wipe out your debit card and there is very little you can do
about it.
I would consider closing the debit card if you gave them any access to the debit card number.
These people are not to be trusted - they work hard to convince people they need direct quick access for a payment - they can wait for a cashiers check to arrive or money order.
Get it in writing what the agreement is from them - many times they do not even correct the credit report with payment info as they promise and you are left doing all the work on this.Comment
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