Amoresx3 Posted April 27, 2007 Report Share Posted April 27, 2007 Hi, and thank you all for taking time to read this post.About 2 week ago I received a settlement offer from Titan Management Services in behalf of FDSBank/Visa.They have been authorized to offer me a settlement in a FDSBank account still owned by FDS BAnk in the amount of $1936.94. The original balance is $3871.88 so the settlement sounds reasonable to me. My questions are:1. Should I take this settlement offer? (the amount sound good to me)2. Should I counteroffer Titan?3. Should I contact FDSBank/Macys and offer them directly a Settle offer?Any advices will be very appreciated.Thanks. Link to comment Share on other sites More sharing options...
astiman Posted April 27, 2007 Report Share Posted April 27, 2007 Is the account still owned by the bank?Is it within SOL? Link to comment Share on other sites More sharing options...
divemedic Posted April 28, 2007 Report Share Posted April 28, 2007 How will it be reported?Will the remainder of the debt still be collectible?What about tax ramifications? Link to comment Share on other sites More sharing options...
Amoresx3 Posted April 28, 2007 Author Report Share Posted April 28, 2007 ***Yes, the bank still owns the debt. And still within SOL . The DOLA was in Nov 2003, so I'm afraid they still can sue me for this debt.***The don't mention anything about reporting, nothing about filling a tax or anything they just offered the settle and nothing else.But since I've been told that FDS/Bank ALWAYS sues so I would rather pay them than get sued again (I got sued by UNISCUM last year).This CA "titan" doesn't appear in my credit report, only FDS/Bank as CO.I didn't DV'd the CA because I know I owe this debt to Macy's Visa and I would like to pay this once and for all.Thank you all for your great advice. Link to comment Share on other sites More sharing options...
divemedic Posted April 28, 2007 Report Share Posted April 28, 2007 I didn't DV'd the CA because I know I owe this debt to Macy's Visa and I would like to pay this once and for all.You owe Macy's some money. Does that mean you owe Titan money? Have they been able to prove it?Is the amount they are collecting the correct amount? Link to comment Share on other sites More sharing options...
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