The CA my Sears account was sold to is the only CA that has ever found me. Not surprising... Anyway, they sent me a letter offering a 50% for full settlement. Now thats sounds great but I have heard all the horror stories here and have some questions. I have a hard time believing this will be the end of it. I was going to pay Sears or RMA off anyway's. I'm not going to return their letter to acknowledge, I want to send my own with my conditions. What I want to do is have RMA remove the TL in my CR's. (I'll deal with the Sears TL later) Can anyone give me some advice on my letter I send them for settling at their 50% deal. I know it's a great offer but hard to belive... I want to be certain it will be removed and that the balance does not get sold to another CA or reported to my CR. Any help is appreciated...
"THEY" (CA) may have bought it for $0.10 on the $1.00 NO REMOVAL~~NO PAY GET IT (AGREEMENT) IN WRITING BEFORE PAYING!!!
RMA will not go lower than 75% on a settlement with me. The charge-off is from '98. Would it not be wise if I suggest that I know of others they have offered 50% to. Or how do I get them to take 50%.
Suggest you know others who have settled for 30% or LESS. What is the SOL for collection in your state? It is usually 6 years or LESS. Have they validated the account? Do some more reading here. You can settle for less or likely even $0 after catching them in a few violations.
