kenorma Posted June 10, 2003 Report Share Posted June 10, 2003 I received a letter in the mail the standard we are going to proceed with judgment, garnishment etc. The letter had letter head as lawyer but at the bottom said this is an attempt to collect debt etc. I would like to settle this account but am unsure how to do it. It is a Circuit City credit card and has already been charged off. Who do I contact? Oc or CA? I also have 2 Cap1 cards that I would like to settle but that have also been charged off. I have heard Cap1 is hard to work with. Any suggestions. Should I just sed them a letter offering to settle or ask to validate (which they will) and then offer to settle? Thanks so much for help!! Link to comment Share on other sites More sharing options...
Anonymous Posted June 10, 2003 Report Share Posted June 10, 2003 <blockquote>Originally posted by kenormaI received a letter in the mail the standard we are going to proceed with judgment, garnishment etc. The letter had letter head as lawyer but at the bottom said this is an attempt to collect debt etc. I would like to settle this account but am unsure how to do it. It is a Circuit City credit card and has already been charged off. Who do I contact? Oc or CA? I also have 2 Cap1 cards that I would like to settle but that have also been charged off. I have heard Cap1 is hard to work with. Any suggestions. Should I just sed them a letter offering to settle or ask to validate (which they will) and then offer to settle? Thanks so much for help!! </blockquote>can't quote on cap 1, but who is handling your circut city account now? Link to comment Share on other sites More sharing options...
kenorma Posted June 10, 2003 Author Report Share Posted June 10, 2003 The company that is sending me the letters is called Dowell Asset Investigations-100 S.E Gardens Blvd. Burleson, Tx Link to comment Share on other sites More sharing options...
kenorma Posted June 10, 2003 Author Report Share Posted June 10, 2003 I found an old letter from CA for Cap1 saying they will settle for about 50% of original debt and in turn will issue letter to CRA stating "paid by settlement status" is that the best I am going to get? Link to comment Share on other sites More sharing options...
Anonymous Posted June 13, 2003 Report Share Posted June 13, 2003 I live in Burleson...will go see who this is if ya want..scare the h_ll out of em... Link to comment Share on other sites More sharing options...
kenorma Posted June 16, 2003 Author Report Share Posted June 16, 2003 Any info. you can get me would be great. We are starting a church in Burleson and we are trying to move there. I am scared to death someone is going to show up at my door step!!! ~0 Link to comment Share on other sites More sharing options...
md Posted June 16, 2003 Report Share Posted June 16, 2003 The OC may be willing to work with you, but will usually refer you to the CA. You can try and find out what kind of settlement the CA is willing to go for. From here on out, however, do all of this in writing with them. Even send them a C&D letter which allows them to contact you via USPS only.50% is good. However, when was this debt charged-off? What is the SOL? Is it past it? Etc. Link to comment Share on other sites More sharing options...
kenorma Posted June 19, 2003 Author Report Share Posted June 19, 2003 The Cap 1 cards were charged off in Feb. I think the Sol is 3 years in Texas. I have not contacted them at all I am scared to death of putting my foot in my mouth. They have only sent letters. Frankly they are intimidating enough. So basically I write back saying I will settle but they must remove neg. info. completely from CR and state paid as agreed or what? Link to comment Share on other sites More sharing options...
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