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Received settlement offer from CA that isn't reporting yet, should I DV?

Regular Contributor

Received settlement offer from CA that isn't reporting yet, should I DV?

I just got a letter from Alliance One for a Citibank LOC that I had.  The amount owed is $3157 but AO has me for $4200!  offereing me a lump sum settlement of some retarded amount.  Something like 2400 (like i got that laying around.  BUT they are not on my credit report!  Should I DV them anyway?
 
 
 
 
 
 
Edited to change message subject line after splitting the post off into a new thread. -sidewinder


Message Edited by sidewinder on 07-15-2008 08:18 AM
2 REPLIES
Moderator Emeritus

Re: Received settlement offer from CA that isn't reporting yet, should I DV?

Hello Ceejay,
 
I split your post off into a new thread by itself. This way your question would get more exposure.
 
 
As for DV'ing, is this debt past SOL? What is DOLA and DOFD? You can find SOL here -
 
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Regular Contributor

Re: Received settlement offer from CA that isn't reporting yet, should I DV?

Thank you very much Sidewinder.  Im pretty sure its within SOL.  The LOC was granted in 12/2004 and due to some mixup with my account and them not switching it over the last payment to Citi in regards to that account was 4/2006.  But im gonna look at the SOL anyway.
 
Thanks