brokeA-- Posted May 4, 2012 Report Share Posted May 4, 2012 I received a settlement offer from asset acceptance..Only $89 on a $1500 debt and says it will be considered paid in full if I accept....Well I called them and asked does this mean it will be reported on my credit report as paid in full (yes)...So I told them I would be sending a check out for the $89... Now as I read this stuff I wish i didnt call them... can they reset my debt for another 7 years if I just say I am going to send a check....what else will they try now .... I am thinking about calling them back and recording them as I ask the same questions they said they own the loan and do not sell the loans to anybody else.....lol.... Link to comment Share on other sites More sharing options...
willingtocope Posted May 4, 2012 Report Share Posted May 4, 2012 How long a debt stays on your reports is controlled by the date of first delinquency with the original creditor...they can't reset that.But...$89 for a $1500 debt is too good to be true. Get it in writing BEFORE you send money. My guess is they'll just consider that a down payment... Link to comment Share on other sites More sharing options...
kutuzov Posted May 4, 2012 Report Share Posted May 4, 2012 That's right ask for a written settlement letter signed with wet ink. That would be the only way I would consider paying even a dime. Link to comment Share on other sites More sharing options...
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