CADreamn Posted February 28, 2013 Report Share Posted February 28, 2013 Does this really work? Can it be used with collection agencies (the example letter seems to suggest it's for store credit)? What percentage should you send? 1 Link to comment Share on other sites More sharing options...
admin Posted February 28, 2013 Report Share Posted February 28, 2013 Not sure what you are referring to here. Is it from this? http://www.creditinfocenter.com/debt/CanCreditorSue4SettlementDifferences.shtml Link to comment Share on other sites More sharing options...
CADreamn Posted February 28, 2013 Author Report Share Posted February 28, 2013 Yes...more specifically this: http://www.creditinfocenter.com/forms/sampleletter3.shtml Thank you. Link to comment Share on other sites More sharing options...
admin Posted March 1, 2013 Report Share Posted March 1, 2013 The percentage you want to send depends on what you negotiate with them. I wouldn't pay more than 25%. And make sure you get any deal in writing. Link to comment Share on other sites More sharing options...
CADreamn Posted March 1, 2013 Author Report Share Posted March 1, 2013 It doesn't sound like you negotiate with them. Seems you just right a letter saying what you will pay and if they cash it it's considered paid in full. Just can't find anything from anyone that's actually done this and if it would hold up in court...? Link to comment Share on other sites More sharing options...
Torden Posted March 2, 2013 Report Share Posted March 2, 2013 The percentage you want to send depends on what you negotiate with them. I wouldn't pay more than 25%. And make sure you get any deal in writing. Separate writing from the restrictive endorsement, too. Link to comment Share on other sites More sharing options...
Recommended Posts