andknapp Posted May 7, 2007 Report Share Posted May 7, 2007 I recieved a letter from ARS dated March 26th saying that they were collectin on behalf of Midland Funding who bought out Emerge Mastercard. I DV'd them within the first thirty days and received a list of payments, purchase finance charges and over the limit and late fees. All totaling less than $500. They tell me that my balance with emerge was 1598.90 and all together I owe them 1998.62. I send them a letter asking again for proper validation, they send the SAME EXACT paper back to me. I sent back another letter giving them one last chance. Well, they didn't offer to validate or even respond to it. Instead they send me a Tax Season Offer which I got in the mail today. They wanted to let me know that they'll settle the account for 1598.90 and consider it paid in full with no further obligation due. They'll settle for the amount that I originally owed before their fees and interest? No thanks. I'm thinking about sending them a letter saying I'll see you in court, but I'm not sure what I should do. Any suggestions? Anyone else had to deal with these pains before?Sorry it's so long........just so frustrated.Angie Link to comment Share on other sites More sharing options...
SecretAgentWoman Posted May 7, 2007 Report Share Posted May 7, 2007 Is it out of SOL for your state? Link to comment Share on other sites More sharing options...
nascar Posted May 7, 2007 Report Share Posted May 7, 2007 Is it out of SOL for your state?SOL or not, you've got enough right there to offset what they're trying to extort from you. Don't back down from this one. See if you can find a NACA lawyer in Indiana who will take a slam-dunk case. Link to comment Share on other sites More sharing options...
thomassl Posted May 7, 2007 Report Share Posted May 7, 2007 Have you disputed with the credit bureaus? Do you have your most current credit report to see if they are within the SOL? Link to comment Share on other sites More sharing options...
Recovering Attorney Posted May 7, 2007 Report Share Posted May 7, 2007 What is it you want to do? You dispute the amount but not the debt? Throw them an offer. Link to comment Share on other sites More sharing options...
andknapp Posted May 7, 2007 Author Report Share Posted May 7, 2007 It was on my report as midland credit, not anymore. ARS hasn't listed on my reports yet. I just wanted them to validate it since I never applied for a emerge mastercard. I think my FNB omaha card got bought out or something. Plus it shows a payment in july of 2005, but I started making payments in June of 06 to simm associates. Link to comment Share on other sites More sharing options...
boomer Posted May 7, 2007 Report Share Posted May 7, 2007 I have recently dealt with ARS, the were (beleive it or not) helpful, accepted my settlement offer and mailed it to me in writing, received in the mail the day they said it would be there.Maybe I was lucky on this one? Link to comment Share on other sites More sharing options...
andknapp Posted May 7, 2007 Author Report Share Posted May 7, 2007 can i ask how much the account was for and what you ended up settling for? Link to comment Share on other sites More sharing options...
boomer Posted May 7, 2007 Report Share Posted May 7, 2007 I got 50% off I know I "probably" could have gotten more but that is at least more like what I owed them, and I am happy to be done with it. I was not paying all those penaltys and interest that makes a 1000 limit show 3000. Link to comment Share on other sites More sharing options...
andknapp Posted May 7, 2007 Author Report Share Posted May 7, 2007 so for a 1600 balance before their fees, what would be the lowest i should offer in order to get them to accept it and be done with them? did they do a pfd or just a paid in full? Link to comment Share on other sites More sharing options...
boomer Posted May 7, 2007 Report Share Posted May 7, 2007 I could not get a pfd, maybe you can ( I hope). I would try for the min you can get. My thing was that I was willing to pay what I owed at the time I let it go 30-60 days late. I was not paying all that other S%$t. I had a card I let go that had a 1000 limit showing 3300 balance. That is RIDICULOUS, it has since fallen off. In that cards case I would have been willing to pay 1000, but you should be able to get it for even less. Link to comment Share on other sites More sharing options...
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