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i'll offer $350 and see what happens.
I tried settling with cap one and they wouldn't even budge for a PFD, doubt these guys will either
@kbl7td wrote:i'll offer $350 and see what happens.
I tried settling with cap one and they wouldn't even budge for a PFD, doubt these guys will either
Hopefully you will get some good news.... Keep us posted.
I have recent experience with exactly this scenario. I had a Cap One Mastercard with a limit of $3000. They said I owed $3600 with all of the fees. I saw a process server at my house going through my mailbox (before I entered and I was able to avoid) and investigated the only collection account I had through Casenet, which is a Missouri law database. Since the process server never served me, I researched and went to court prepared to fight the battle that I hadn't had enough time to prepare and secure an attorney of my own. I started negotiating with Kramer and Frank and offered a one time payment of $1200 payable immediately. Capital One responded with $2800. After calling them monthly for three months, they were willing to go to $2200, but I couldn't go past $1800. I finally got them to agree, but it wasn't easy. I didn't try to get a PFD and Capital One is still on my credit report. For a collection agency (we're not a law firm), I found them to be tough, but pretty fair and resonable. In fact, I would say I liked the collection agent. She was somewhat compassionate and helped me please my case. I believe this is one account you will be leveraged to settle.
@timotiger wrote:I have recent experience with exactly this scenario. I had a Cap One Mastercard with a limit of $3000. They said I owed $3600 with all of the fees. I saw a process server at my house going through my mailbox (before I entered and I was able to avoid) and investigated the only collection account I had through Casenet, which is a Missouri law database. Since the process server never served me, I researched and went to court prepared to fight the battle that I hadn't had enough time to prepare and secure an attorney of my own. I started negotiating with Kramer and Frank and offered a one time payment of $1200 payable immediately. Capital One responded with $2800. After calling them monthly for three months, they were willing to go to $2200, but I couldn't go past $1800. I finally got them to agree, but it wasn't easy. I didn't try to get a PFD and Capital One is still on my credit report. For a collection agency (we're not a law firm), I found them to be tough, but pretty fair and resonable. In fact, I would say I liked the collection agent. She was somewhat compassionate and helped me please my case. I believe this is one account you will be leveraged to settle.
This is ALOT of great and helpful information thank you for sharing. When you say not a law firm who are you referring too?
That's how Kramer and Frank represents themselves, but they are a law firm that does collections. There must be some law about the separation between the two.
In Ky the use Weltman, Weinberg & Reis..but the are in the middle of a class action lawsuit for collection tactics...so the are sending out $75 to everyone who responds.