Has anyone had any luck with cross country bank deleting an account on a settlement offer? I have disputed this account with the CRA's as "not mine" came back verified. It will remain on my CR for 3 years. If this is an open account- it has passed the SOL, where I live....but if they go by Florida it is another year. I have mailed two settlement letters- in the last 4 months- the first reply was no- please contract NCO to make settlement offer or to make payments on the account to them? I wrote a very long letter explaining in detail my experience with CCB on PFB- receivedc a letter from a manager thst they will accept a payment of $250.00 on the 432.00 balance that was charged off in 1999, but will not delete any delinquent entries or remove the "charged-off". It would state settled charge-off. I wrote a counter offer for complete deletion for $300.00. I basically want to let this just sit for 3 years and fall off vs. paying any $$ and have it remain as settled charge-off. ANY IDEAS????
Cross Country bank is the worst. You offered them $300 which is 69.45% of the debt. Generally if you offer 80% they should delete the debt off the credit reports. Below is a good debt negotiation letter. By the way, Cross Country Bank is based out of NJ but they have a payment processing facility in Florida. CROSS COUNTRY BANK PO BOX 637 BELLMAWR, NJ 08099 Here are a couple of Cross Country Bank's fan sites: http://www.justicejunction.com/cross_country_bank_complaints.htm http://www.jerrydj.com/CCB/ccb.html Good luck Erik. ---------------------------------------------------------------------------------- This is a letter to settle a debt with a creditor. Your Name Address line one Address line two Date: Creditor Address City, State, Zip Re: Account Number Dear Sirs: This letter is an offer to amicably settle the above account. It is not to be construed as an acknowledgment of my liability for this debt in any form. I will pay your company the amount of $____ as full settlement of this account. If you accept this agreement, I will send you a money order or certified cashiers check for the settlement amount of $______ in exchange for a full deletion of all references regarding this account from my credit profile and full satisfaction of the debt. This agreement is binding and will be void should you not hold up to your end of the agreement. Furthermore the debt will be deleted from my credit profile at all three credit bureaus or the bureaus your company regularly reports to in the course of doing business. If you agree to the above, please acknowledge with your signature and return a copy to me. Upon receipt of this signed acknowledgment, I will promptly send you a money order or cashiers check in the amount stated above. Notice: This agreement is restricted. This is not a renewed promise to pay but rather a restricted settlement offer only. By not signing below, you agree that the debt has not been renewed nor has any concrete written agreements been exchanged. Creditorâ??s Authorized Signature: _____________________________ Date:____________ Name Title : Sincerely, Do not sign or date letter (This is necessary to avoid renewing the debt, should the creditor refuse to agree.) Be sure to not use a personal check if they agree to pay.
Thanks for the reply... I like your settlement letter--Its a little better than mine. I am keeping my fingers crossed- that they agree to the last letter.
