Great forum here gang. It's been very imformative since I found it a few months back. Hopefully I can get some feedback on my question. I've been paying a collection firm on an old BofA Visa account since 1999. They recently sent me the breakdown of balance remaining, who the OC was, account number, etc. Of course, it took me writing them and informing that I would not send another pmt until I got the requested info. In the few times I'd written them previously the last few years, they never responded. The balance remaining, according to them, is about $2200 of which $2000 is interest. They claim the original balance from 1999 was $8400 (questionable, but I don't know that I can prove otherwise). Regardless, in adding up my payments over the years I have already paid right around the $8400 to this CA (pseudo law firm, really). Now I'd like to just settle the remaining balance for about half of what they claim I still owe. Any suggestions on how to word such a letter? Since I've been paying I'd guess they will balk at a settlement offer and would rather I just keep paying monthly. So I want to keep things as amicable as possible and don't think a standard settlement letter really applies here. It'll need some creative thinking to convince them a settlement now would be wise. Any ideas would be appreciated.
