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Should I settle? Please help.

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I got the following letter from ARS reagrding settling my account. What should I do? If I settle what should I take notice of?

Department /I 5996

P.O. Box 1259

Oaks, PA 19456

May 17, 200K

ASSOCIATED RECOVERY SYSTEMS

A DIVISION OF ARS NATIONAL SERVICES. INC.

P.O BOX 469046

ESCONDIDO. CA 91046-9046

(KOO) 909-9095 FAX: (866) 422-{)765

www.PayARS.com

15010 • 1338

ACCOUNT IDENTIFICATION

Rc: SEARS

Purchased By: LVNV FUNDING LLC

Account: 5121 07 I8Kxxxxxxx

ARS Ace' 0: 1506xxxx

Ba1ancc: $7457.74

TAX REBATE OFFER

Take advantage of your tax rebate and pay off your debl once and for all!

To resolve your delinquent account, please choose one of the following options:

I. SETTLE YOUR ACCOUNT AT 50% OF THE ABOVE BALANCE IN ONE PAYMENT:

Payment Due; 53728.87 due on or before 06-06-2008.

2. SETTLE YOUR ACCOUNT AT 55% OF THE ABOVE BALANCE IN TWO INSTALLMENTS:

Paymcnt Onc: $2050.8K duc on or beforc 06-06-2008.

Paymcnt Two; S2050.88 due on or beforc 07-06·2008.

3. SElTLE YOUR ACCOUNT AT 60% OF THE ABOVE BALANCE IN THREE INSTALLMENTS:

Pa)1llCnt Ooc: $1491.55 due on or before 06-06-2008.

Payment Two: S1491.55 duc on or before 07...Q6...2008.

Pa)nlCrn Three: S149154 duc on or before Og..o5-2008.

Upon receipt of cleared funds. Associated Recovcry Systems and our clienl will consider this account resolved with a zero

balance. ContaCl your account rcpreSl,'ntalive at (800) 909-9095 for dcl3ils. Officc hours are Monday through Friday.

8:30 a.m. - 8:30 p.rn (Eastern Time). .

Sincerely,

JOHN O'BRIEN EXT 4270

Accounl Representative

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First I would call Sears/Citi and see if they will work with you and try to settle the debt for 40%. If they tell you that LVNV has it and you have to work with them. I would write them a letter and offer them a one time settlement of 40%, if you have it. Sears is owned by Citi and I was able to settle with Citi at 38%, is LVNV collecting for Citi or do they own the debt?

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I don t know who own the debt but I just receive the letter from ARS to try to settle with me. How do I find out who own my account now? Who should I call with Sears/ Citi?

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I have a number of 800-735-2293 - that number is good from 8:00 am - 9:00 pm eastern time. This is the number that Sears gave to me to contact them to settle. You can give them your social security number and they will be able to tell you if they still have your account.

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