I have a CA I'm dealing with about a debt (I don't want to be more specific, it'll give it away). I sent a settlement letter in which I basically agree to pay in return for no mentions on my CR. They told me they don't want to return my letter because they can't afford to "absorb any more costs" in relation to the account. (I've mailed everything CRRR). They asked if they could email me instead, because it's free. I gave them my email address, but I'm thinking I had still better get something from them with a signature on it...
Send them a SASE to get your letter back signed. With out a signature from someone at the CA they will try to screw you later. I would not like to go in to court to sue them with just an email to show the judge they agreed to your settlement terms. I don't think the issue is the 37 cents for the stamp, They want to get your settlement check, then try to get some more money in the future. Get a signature before you send them a dime.
Re: CA Doesn't Want To Return My Le If they supposedly are agreeable to siging and returning the offer, send the offer again (you probably don't have to CRRR it this time) and include in the large envelope a self addressed stamped envelope for them to sign the agreement and return it to you. I think the "Absorb any more costs" is a line of BS. If they bought the debt for let's say $20 and the debt is for $850, and you are offering to give them the $850 ($830 in profits) they can afford the $.37 it costs to send the response. If they were assigned the debt by the OC, they're probably set to get 50% or so of it, so it's still a $.37 cost for $425 in payout. Sounds like they want to E-Mail it to you because that isn't a legit deal, and it doesn't really agree to the deal.
Re: Re: CA Doesn't Want To Return My Letter They didn't say anything about being agreeable to the settlement offer, even though I offered to pay them everything for deletion/not reporting. I personally think the person on the phone I spoke to was just trying to buy some time, because they didn't know how to respond to me. Or they may just send it back to the OC because they don't want to deal with me anymore. Or maybe they decided to sue me instead. I'm just guessing here, but I think I'll follow your advice. They're getting another letter with a SASE. If they reject the settlement, what then? Try dealing with the OC?
Re: Re: CA Doesn't Want To Return My Letter Just wondering what people have done when they have had settlement offers rejected.
Re: Re: Re: CA Doesn't Want To Retu I don't know about the rest of you, but if I were to make a settlement offer to a CA (especially if it's past SOL and an offer of payment in full for deletion) and it gets rejected, I would pen a new settlement offer to the next CA on the list, and the CA who rejected my offer wouldn't get squat EVER! Now if I had made a 30% offer, or something else like that (I would only even think of making a partial pay offer on past SOL accounts) I might let them steam for a few months and then re-submit the same offer, or perhaps 3-5% more (I would make the offer of $XX.XX not a percentage of their claimed amount, because you pay them, then they come up with "You paid 30% of the wrong amount, you still owe us $1.35 so the original agreement is null and void. Pay us in full now.) ChrisB
