I sent out some settlement letters to some collection agencies and credit card companies and it has been over 30 days since I have heard back from them. I used one of the sample letters, I did not date it or sign it. All of the debt is beyond the SOL for my state. What should I do now? Should I follow up with another letter or just let sleeping dogs lay??? Most of them will be off my credit report next year. If I decide to let sleeping dogs lay and I receive one of the settlement letters signed by the company am I responsible for following up on that settlement since it has been over 30 days since I have heard from one of them? Any advice would be great.
At the time when I was sending the Settlement Letters out, I was not aware of the SOL. I also did not set a time limit, but I also stated in the letter that this is not a promise to pay
I have asked this already, but I am going to ask again so I understand what I am doing. By sending a settlement letter that was not signed or dated does it restart the SOL ???and since it has been over 30 days from the day I sent the letter am I still responsible for the settlement since I did not hear from any of them. WHAT SHOULD I DO?????
Ah: They are just having a little fun with me at your expense.QUOTE]Originally posted by dgarcia Who are the lbbashers? [/QUOTE]
No. What does 30 days have to do with it? There is no law suggesting a 30 day period for settlement letters. Did you accept a settlement offer? I am confused. Did you send a validation letter? That is what I would do. Do not start with settlement unless you REALLY need this off fast for an impending mortgage or term loan. Start with validation and work towards negotiation/settlement and deletion offers. -Peace, Dave
Thanks for helping this person out. I'm sure that what you said to them ment more to them than a bash lb post.
Thanks for the help. I will start with the validation letters. The 30 days has nothing to do with it, I was just stating that it had been over 30 days since I have heard from any of them. I sent settlement letters first because we were trying to get a home loan and they were looking at some of the old debt and said that we needed to try to get these paid off. Are the sample validation letters good ones to use? Or does some one have another one they would suggest to use? Again thanks for all of the help!
It's Val 60 days. Just change the 60 days to 15 days Mail It CRRR! I just got back from mailing 4 of them to a CA for my MIL
Thanks for the help. In the validation letter should I mention that the SOL is up on the account or should I not say any thing at all and wait to see what I get back as a response? Sorry to ask so many question, just new to this.
