The first thing I would do is ask them for a breakdown of how the $768 was calculated. Then you can decide if the "settlement" is really that good a deal. Also bear in mind that if they are saying $499, they will probably take less. Do you recall how much the original debt was for?_________________________________________The original debt was for that amount ($768).But what Im ticked off about is the fact that these people can be so greedy that they are just trying to make a few extra dollars from me. I mean, if my original creditor charged off the account, and doesnt want my money anymore, what right does thatgive these people, to come in and start asking me to pay THEM?Incidently, I got another letter from them yesterday, and now they are proposing a settlement amount of $205!!! But why should I pay it? If the original creditor does not want the money anymore and has charged it off, then why should I pay them? How will paying them benefit me and my credit? Wont the clock "restart" on this account after I pay it? f.
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