Alright, so one of the satellite companies sold my old account (that I didn't know about!) to CBE group. It's small, $92, and they offered me $69 settlement. I figured I'd offer them $50, and get a signature to confirm deletion. (All they'll do on the phone, supervisor's supervisor, is 'we promise it will get deleted... it always does.' but nothing in writing) I modified a letter from this site, and plugged a paragraph in with my current address - they have an old address that isn't getting to me anymore. how's this? thanks in advance ... Also, I know I shouldn't sign it, but should I type in my name? Final question... They gave me a PO box for disputing - should I send there , or use the corp HQ address I got off this board? Evil CA 123 blah street city, state ZIPP Re: Account XXXYYY123 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 $_50_ 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 $__50__ 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. This signed acknowledgment should be returned to : XXXXX street blah, blah XX 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. Creditor¡¯s Authorized Signature: _____________________________ Date:____________ Name Title : Sincerely,
I would add something to the effect that any remaining balance will not be sold, transferred, etc., so someone else doesn't try and collect the balance. Just my .02
