Hello all, Let me thank you in advance for any help that anyone can provide. I am in the process of recovering from some bad financial situations, and I am trying to rebuild my credit score. I am obviously new to the board, and I while I am looking over stickes and searching, can someone please offer advice on this conundrum? I got a letter from Asset Acceptance about an old account of mine that has disappeared from my credit report. The old account is with Dell, and I think in fact I did owe a couple of hundred dollars when the account was charged off, around the beginning of 2004. I think that Dell first sold the account to Arrow financial, which currently appears on my credit report with a balance, along with the new Asset Acceptance account, also showing a balance. In the letter from Asset, they state that I owe around $900, but they will settle with me for around $600, with the bonus of having "A Paid Account letter and closed account" and "reported appropriately to the credit bureaus." This seems like a pretty good deal to me, although the settlement amount, in my opinion, is higher than the original amount I borrowed from the OC. So do I go ahead and take this deal? I can afford the settlement, but I feel that it is too high. Also, if I pay this will the Arrow account disappear too? It seems strange that both CAs are on my report for the same debt, and that the debt seems to have been re-aged since Dell disappeared. I have not sent in a DV, and it is already past the 30 days of the first letter. Is this something I should do? Any information that anyone could provide would be a HUGE help. Thanks so anyone who can help me wade through this mess! -Klink
never, ever, ever trust the collection agency. doesnt matter if you are over the time limit....send a demand letter. follow all the steps as outlined by other users and in the sample letters sections if you owed 200 bux...then that is what you should pay....but not to the ca
