Bluebyu Posted August 4, 2003 Report Share Posted August 4, 2003 I made an offer to cap one. They in return had Allied interstate send back another offer to me........Only cap one are reporting on my credit report...Should I take the offer or send another letter to Cap one ???? Link to comment Share on other sites More sharing options...
sisflomi Posted August 4, 2003 Report Share Posted August 4, 2003 What does the letter say? I would do my best to pay crap1 and not the ca. Maybe send ca letter to crap one with payment. Link to comment Share on other sites More sharing options...
Bluebyu Posted August 4, 2003 Author Report Share Posted August 4, 2003 Its just a standard letter....We are a debt collector attempting to collect... If I pay in full (higher than it really is) they will tell CRA's that it was a full payment and satisfied. If I pay settlement offer, They will tell CRA'S Settled (I guess for less than full amount)...I am not sure what to do because only OC is on CR...It was charged off in 10-2001 Link to comment Share on other sites More sharing options...
sisflomi Posted August 4, 2003 Report Share Posted August 4, 2003 Well you take the chance that ca will post to your cr either way you go. I have been told to always pay to oc if you can. If not, I think paid as agreed if you can pay it all is the better of the two. Why not counter them back with a new offer? Link to comment Share on other sites More sharing options...
Bluebyu Posted August 4, 2003 Author Report Share Posted August 4, 2003 Sis, Should I say that they are under no legal obligation to report anything to the CRA'S so with the acceptance of my payment , please delete.Should I send it to the OC ????And when I send the money order I will put PAID IN FULL on it...Right ?? Link to comment Share on other sites More sharing options...
admin Posted August 10, 2003 Report Share Posted August 10, 2003 bump Link to comment Share on other sites More sharing options...
sisflomi Posted August 10, 2003 Report Share Posted August 10, 2003 Well, I would send the payment to the oc with a copy of the settlement letter from the ca. Go here and read up on restrictive endorsements, they are allowed in NJ, but you have to do this the right way. Read up here on it:http://www.carreonandassociates.com/4settle.htmYou have to make sure you put stuff on the front and the back of the money order or check you send them. You also need to fit all of this on there:cashing of this check represents payment in full to whom this checkwas issued. by cashing this checkcreditor and/or his assignee(collection agency, etc also agreeto remove any derogatory credit ithas previously reported regardingthis account e.g. (slo pays, prls, judgements, reposessions, collecitons, etc) from all creditbureaus within 10 days from thecashing of this item. this agreementshall superceede all previouscontracts between the parties.void if rights reserved.It also has to be a size 6 font to fit on there. You also want to put on there somewhere Deposit to OC only. Link to comment Share on other sites More sharing options...
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