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verification letter or ignore?


eightdotthree
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I have successfully negiotiated all debts (including saving my house) but have one remaining. It is from Chase, and was recently referred to United Recovery. The ones I negiotiated were with FIA and were with cards that I felt treated me fairly and offered a good product.

My Chase account hasnt always been a Chase account, Chase acquired the original account holder bank. (actually I think its been acquired twice, from Prime Option to HSBC to Chase), anyway its a long 15 or so year history on that account through several banks. Chase took it and it has been the worst experience with a credit card company I have ever had as far as customer service, fees, etc.

My goals are to negotiate and settle for as little as possible, or draw this out and make them prove everything. (maybe that might be difficult to do since this account has switched hands so many times?) It has been Chase for the past 6 years or so, and I owe $25k.

I just received my first letter from URS telling me I have 30 days to respond to the request or they consider me "accepting that its valid and I owe". Anyway my questions are:

1. Should I send the DV letter or ignore and wait for the settlement agreements?

2. Does sending the DV letter ruin my chances at getting a settlement agreement and payment options? Of course the letter says call us anytime to setup payments ... and I don't want to completely close that door by going down another path.

Thank you so much in advance for your responses!

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Anyway my questions are:

1. Should I send the DV letter or ignore and wait for the settlement agreements? I see no downside to disputing the debt and demanding validation with in the 30 days from receipt of the initial dunning. You don't want to give up your rights, do you?

2. Does sending the DV letter ruin my chances at getting a settlement agreement and payment options? Of course the letter says call us anytime to setup payments ... and I don't want to completely close that door by going down another path. If it were me, I'd dispute. I believe disputing will lead to the best settlement.

Thank you so much in advance for your responses!

;)
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  • 5 weeks later...

If you don't do a VR they are free to pursue in court. Requesting verification shows you know the law and are not going to be a pushover.

Just my opinion. If you have settled other debts than you know how to go about it.

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