Jump to content

I got a letter from a law office concerning a "lump sum settlement offer", what now?


Recommended Posts

I got a letter from the Law offices of Mitchell N. Kay over a charged off Orchard bank CC. It looks like the JDB is FFPM Carmel Holdings. They say the original balance is $996.62 but the card had a limit of $500. They are offering me a lump sump offer of $5xx.xx or 6 monthly payments of around $75 and then they will call to discuss what we can do with the remaining balance. Yeah Right! This is an account that was opened in about 03' but I quit paying on it in about 05'. The letter I got was mailed out to me about 5 months ago. I figure I am about to get sued and was wondering what I should do? Should I send a dispute letter, or a DV letter. They have quit calling me all together but I would like to get this thing off my credit report. Settling is not an option at this point. Any advise would be great. Thank You

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.