Re: Fair Collection
s & Outsourcin g
09-10-2009 12:28 PM
I have never dealt with the company.
What is more important to you - settling for a lesser amount or having it deleted from your credit bureau?
1. Settling? Negotiate. Offer 30%, tell them how you will get the money, and when you can pay it. (For example, your mom will loan you the money if you can provide a letter from the collection agency saying it will be considered paid and no further action will be taken.)
2. Deleted? Ask for a letter saying that they will delete when paid, then set up a payment plan. You can probably negotiate no interest. Make payments every two weeks, or when you get paid. They will be more receptive to receiving money several times a month versus once a month.