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Settling old debt, small amount


Crew Chief
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I joined the military back in March of 2001 (I know, what a time to join right). I thought that I had everything good when I left but apparently I didn't pay my old cable bill. The OC assigned the debt to Equidata. I never received a letter or anything from any of them but I was deployed outside the U.S. from September 2001 - February 2003; I think I had five addressess back then because of all the reassignments. I wrote up a letter to the CEO of Cox Enterprises asking them to accept payment from me for the full amount and have Equidata delete the trade-line. Am I stupid for doing this? I don't see why it wouldn't work, if the OC gets their money, then Equidata has to delete right? Help please.

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There should be no reason, if you explain the situation, why the OC would not accept the money and recall / delete the collection entry.

The only time they could refuse is when they sell the debt outright to a CA.

As long as the OC uses third-party CA's, the OC still dictates what happens to the account, including any settlement agreements.

Hope that helps.

Keep us informed!

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That's me driving the ball 300+ yards. :p Kidding. I drove to the ladies' tee. :roll:

You can post any pic you want. Just have to size the pic, upload it to a site like your personal home page, or Photobucket and paste the URL into the avatar section of your profile...

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Cool, one more question then I'll leave you alone. A lot of the collection accounts I have are stupid: bounced check ($134), dentist bill ($101), moved with rented videos ($163)...etc. What I'm getting at is that there were no contractual agreements made. So what would the SOL for these items appear as? Open ended accounts? Thanks again.

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No problem.

1)NSF checks are covered under FDIC:

http://debt-consolidation-credit-repair-service.com/phpBB2/viewtopic.php?t=23277

2)You may have signed an agreement to pay with the dentist's office without knowing it (ie: "the fine print"). It then becomes a written promise to pay.

3)Same goes for the video rental place. You may have agreed to their membership terms...

"Open ended" accounts are revolving credit cards - meaning there is no 'set' loan amount over a pre-calculated repayment period like there would be in an auto loan.

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