Hello, 1st time poster, longtime reader. I just recieved a settlement letter from Northland Group via NCO. My chargeoff is 20K+ and I recieved a letter stating "Once the 2 payments of $5000 have been paid to our office on time, we will consider this account resolved and we will issue you a letter stating this account is settled". That is half the debt. I have been tryin g for a year to get this off. The original debt was from Citibank and it is off of my report. Just NCO is on all 3 of my reports. My FICO scores are all in the 655's or higher. I just cant seem to get this off but then again I have fought it that hard in the last 8 months. Just curious of what to do and how to go about it. Thanks
How old is the debt? Do you have the money to pay it? If it is out of SOL, and they can't sue, then offer 25% or so for deletion. Be clear in your settlement that since it is out of SOL this is their ONLY chance of recovery. Make sure they sign the agreement and return it to you before you send payment. (don't send a personal check) If they do not delete in 30 days after you pay, then you can sue for breech of contract. I settled some of my debts like this and they deleted. One said they 'forgot' to delete, but they remembered when I sent the ITS.
Have you gotten a validation from them yet? It's still not too late to ask for the validation documents.
