LadyDC Posted January 21, 2005 Report Share Posted January 21, 2005 I received letter in the mail informing me that Risk Management Alternatives, Inc has a charge-off account for me in the amount of $1574 (includes interest of $434). The letter goes on to say that Cap 1 has an card offer for me and if I accept the Cap 1 card offer, that RMA will stop all collection efforts. The second part of the letter says that “ Now you can resolve this debt- at 0% interest- and build a good payment history with a Capital One Visa”.The charge-off doesn’t show up on any of my credit reports (they mention this in the letter) and I believe it is out of SOL (I live in Maryland). It sounds like they are saying that if I don’t accept the offer, that they will try to collect and possibly place this charge-off on my credit. Has anyone else received such a strange offer? Link to comment Share on other sites More sharing options...
divemedic Posted January 21, 2005 Report Share Posted January 21, 2005 DANGER. UNDER NO CIRCUMSTANCES ACCEPT THIS OFFER. This is a trick to reage a debt. I got the same offer. Here is the deal:You get credit card. They send you the card with the old SOL debt charged on it. That debt is now paid. Now you have an all new debt, with a new SOL and a new TL. Pay this late, you are going to wait another 7 years to beat it. This is basically an A&S from the CA.If SOL is out on the old debt, send them a C&D. Link to comment Share on other sites More sharing options...
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