So found out today (I have been out of town) that the original debtor has turned over the debt. There is now interest which is almost as much as what the balance left was on the account. Nothing has hit any of our credit reports as of this point other than the inquirey from the collection agency. I asked if we paid the past due balance in full if we could just go back to our original arrangement and was told I would have to deal with the collection agency. I would be curious as to how the original paper work read regarding this situation. We no longer have it. My husband is wondering if we should get a lawyer involved so that we don't screw things up ourselves. I know one thing, we absolutely don't have $12,000 to pay these people off, and I am not about to go refinancing our house or anything like that. I'm not even sure that we could.
At this point, any words of advice. The one thing for certain is that I have to contact them and ask them to not call our employers. Should I do this in writing or is over the phone okay? I would prefer not to deal with them over the phone.
Thanks!!!
