Received collection letter from Sherman Acquisition, please help

[osssmosis]

What is the name of your state? California

Today I received a collection letter from Collectcorp (Sherman Acquisition Limited Partners). It says that the above accout has been purchased by them from the previous creditor. This is a previous account that was handled by another collector. I sent a DV letter and limited cease and desist about 3 weeks ago and didn't hear anything at all, didn't even get the green paper back. Now I got this letter from this new collector. What should I do?? I hear these guys are a real pain!! The amount of the collection is about $1500. Should I send them a debt validation letter? are they going to sue me?

Thanks in advance

 

[cmorris]

How old is this debt? What is it for?

Based on your answers for the above questions, we can assist you better.

 

[osssmosis]

the debt was originally with Household bank. It went into collections last year and went to one collector. The debt was from a retail account that went into collections as a result of me not making payments on it because I had a real bad accident. I DV them and 3 weeks later I received this letter from this new collector. What should I do?

 

[cmorris]

Options:

1) Ignore them and hope the statute of limitations (4 years) expires before and if they sue

2) Send a DV letter, certified mail return receipt. If they come up with proper validation, offer a settlement and go from there.

3) Offer a pay-for-delete

4) Pay it