What is the name of your state? California
So I made a mistake, I had my dad get me a loan for a computer a few years ago. I received a letter from Creditors Interchange, stating that my debt has been purchased by Truelogic Financial Corp. I called Creditors Interchange and made my intentions clear that I want to make payments on my $2950. He says that Truelogic is a group of attorneys and they are going to sue me if I don't pay within 48 hours. He gives me a settlement offer of $2515. He says, "I see you have a Wells Fargo Master Card, we could transfer the balance over to that" (my dad's credit card). He says they are going to get me for over $4800 if I don't pay within 48 hours. I asked if there was no way that I could make $400-500 a month payments? He replies no. Well, did some research and found Truelogic, I called them, they are another collection agency. So, is this BS, or do I really have to pay the $2500 within 48 hours face the $4800 if I don't? Forever thankful!