Jump to content

Settlement question...


Recommended Posts

I am in the process of setting a Chase MC balance 10,000+ with Beltzer Law Firm. They sent me an email today stating the following:

We Belzer Law Office agree to settle the Chase account XXXXXXXXXXXXXXXX (acct number)...by

XXXX XXXXXXX (my full name).

The settlement is $3,500.00 due today by check over the phone...That will

close out the account showing settled in full.

Thank You


Today was the first time that I spoke with them or had any contact. This is obviously a good offer, 3500 on a 10,000 debt. However, is this agreement legal/binding since it was sent by email? Can the balance be sold to a junk debt buyer?

Thanks in advance!

Link to comment
Share on other sites

Norman- I don't know if giving them a ck over the phone is a good idea... Once they take the $$ from you they're probably not going to cooporate with you.. Why such deadline of today??

If you haven't read this you might want to on settling debts:


I think it'll be wiser for you to get everything in writing from them before you even consider writing them a check! It might save you a lot of headaches down the road.

Here's another interesting post on writing settlement letters to CAs to avoid them re-selling your balance to other CA companies.


Norman-do some reading and follow these ideas... I would hate to see you post again down the road w/some problem relating to this.

Good Luck!

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.