Negotiate a Debt Settlement
Credit card debt?
When a CC debt is charged off and sent to a collection law firm. Can you still call the original CC company and negotiate a settlement instead of dealing with the agency?
Public Comments
- Always. Legally the only company you have contracted with is the original lender; they can ask anyone they want to collect it; but a collection agent is not the owner of the debit.
- Yes you can............
- Sometimes, the CC company sells the debt to an agency at a reduced rate. The agency then takes over the debt and pursues you.
- No, The debt has been sold (usually for pennies on the dollar). The original company does not have an interest in the transaction any longer. Read the following. http://www.creditinfocenter.com/debt/settle_debts.shtml
- You should use "Credit Solutions" to settle your debt.They managed to reduce my debt up to 58% and improve my credit score.Legitimate as I came accross this company on NBC News Special Edition: http://www.tkqlhce.com/click-1813149-10467845
