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Old 08-29-2005, 12:09 PM
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Join Date: Aug 2005
Location: New York City
Posts: 29
Question

I have a question?

What is the name of your state? New York

Hi, I have about four c.c accounts in collections what I would like to know is how safe is it to pay these collection agencies being that they offer so many "settlement" payments that are so far below the original debt?Are the original accounts considered paid if you make a settlement payment to a collection agency
  #2  
Old 08-29-2005, 04:41 PM
Senior Member
  
Join Date: Jan 2005
Posts: 2,336
Get it in writing. Be sure the settlement agreement says that you are being released from the full amount of the debt.

There are people here on these boards all the time who have screwed this up. Are you sure you feel comfortable negotiating for yourself? At least consider the idea that you have a professional help you make sure it is done right and that your are getting a good deal.
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