Counter Offer for Debt Settlement
November 29th, 2010
You can get a a settlement letter to collection agency deal here.
Verify or validate the debt: When a collection agency (CA) claims that you owe them a certain amount of money, you need to send a written request to the agency asking them to prove or validate that you owe the debt. Just check out the debt validation letter to know how to ask for validation of debt in writing. Debt validation is essential at times because collectors often contact debtors for old debt which has crossed the SOL period or for debts which have already been paid off.Request for some time to pay off debt: In case you owe the debt and you’re unable to make payments, request the CA for some more time till you find out how to pay off the debt. You can either go for settlement or request a new payment structure which you can afford. Just check out the information available on how to settle your debts yourself when the debt is held by a collector.
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