Re: Collection Notice from Time Warner
07-01-2012 01:05 PM
1. Send a DV, thus immediately preventing reporting of the collection until such time as they provide verfication.
2. Make a "pay for not reporting" offer, and wait for acceptance.
3. Pay, and hope that they dont report after payment
Option 1 has the benefit of forstalling credit reporting until they verify the debt, but also precludes you from negotiation due to the cease collection bar it imposes.
Option 2 has the benefit of getting a commitment in writing, but does not require their acceptance or prevent reporting.
Option 3 has the benefit of immediate payment, thus closing the debt.
Which to pursue is a personal choice.
Personally, since verification does not seem to be a major concern, I would first attempt option 2, but by calling them rather than doing it in writing. Not knowing how imminent their reporting might be, I would get a real person on the phone and begin solid negotiations.
An additional issue in any pay for not reporting negotiation will be how much you offer as payment.