posted
Okay. A new collection agency apparently bought the debt from the other rude one. THIS one actually SENT ME A LETTER (which is what I was waiting for from the other company, because the collectors are horrid on the phone).
Anyway. Should I settle the debt? I'd like to so they'll stop calling, will help my credit, and I'd just FEEL better.
Posts: 14745 | Registered: Dec 1999
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Is it an honest debt? I mean, they aren't just jerking you around and tacking on fees and stuff for no reason? It's money you owe, right? Pay it! If it's a super-tough burden, ask them about a payment plan. (Which is what the rude phone-callers should have suggested to you in the first place! Grrrr...creditors....grrr...)
(Not that this axiom should be applied universally, but minimizing both lending and borrowing is certainly wise.)
Posts: 10886 | Registered: Feb 2000
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This is the debt that's not really yours but is actually your mom's? Have you written the new creditor and told them the facts of the matter?
I think it depends how much the amount will affect you -- can you pay this fairly easily? or will you have to cut back on a lot of things? -- versus how much effort you're willing to put into NOT paying it.
Posts: 32919 | Registered: Mar 2003
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I think I could. I'd like to just settle it and put it behind me and NOT GET THOSE ANNOYING PHONE CALLS. It's the hang-ups that REALLY get me. (They call just to see if you pick up and if you don't and the machine does--hang up.)
Posts: 14745 | Registered: Dec 1999
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I had this exact situation two years ago. Well, different parent. I asked him to do the right thing and pay the money he spent on my card ($500), but he wouldn't. I paid it. It took a year, with my other bills, but I paid it. Hopefully you can be more fortunate with your petitioning of the credit company than I was. *sympathy* Posts: 2762 | Registered: Sep 1999
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mack - I don't know what your state offers in terms of the Better Business Bureau or the Attorney General's Office to help citizens out with these sorts of issues, but I am gathering that while you might be willing to accept responsibility for the bill there is some question as to whether you are actually responsible or not?
Here in Washington, I could write the AG and set all the story out and enclose copies and notes of any correspondence. Then they would approach the company in question. This frequently encourages the business in question to play fair. Sometimes they even drop the bill entirely. And remove the blot from your good credit.
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