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SentMol

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  1. Got a letter from a law firm indicating they were handling my credit debt. How would I begin asking for a lesser amount to settle? Should I call or write a letter? If so is there a template for this kind of thing?
  2. So what would you suggest a better solution would be for someone in a similar situation?
  3. Did you have to pay the whole debt or were they willing to settle for less?
  4. Do you know if you had to pay the whole debt or will they negotiate or do a payment plan?
  5. I’d much rather settle the account than declare bankruptcy or get sued. How do I approach them? Or do I wait for them to make an offer for settlement?
  6. I read in the Barclays card agreement: “As permitted by applicable law, you agree to pay all collection expenses actually incurred by us in the collection of amounts you owe under this Agreement (including court or arbitration costs and the fees of any collection agency to which we refer your Account) and, in the event we refer your Account after your default to an attorney who is not our regularly salaried employee, you agree to pay the reasonable fees of such attorney.” So if I file for arbitration and the conclusion is that I do have to pay, will I end up paying more than the original 10k debt?
  7. How would I file this kind of letter? Is there a template to follow?
  8. I can afford some kind of payment plan but a lump sum of more than 2k is out of the question—I can’t afford more than that amount.
  9. Living in Texas and law firm has Texas address. Was contacted by Rausch Sturm law firm who say they are representing portfolio recovery associates.  They list the original owner of debt as Barclays credit card so I know it’s real. I want to pay the debt. It isn’t past the 4 year statute in Texas because original debt is from 2016. However, They do not indicate an offer. They just indicate I can contact them via phone or mail to discuss options. Should I wait till they make an offer? Should I call them or write a letter? I’ve seen websites discussing advantages of both calling and mailing so I’m not sure. I can afford to pay as much as 2000 of the listed 10k. Or can I do some kind of hardship payment plan? The law firm haven’t offered either option. PortfolioRecovery did, but I guess these guys have the debt now, so should I make a first offer or wait?
  10. Living in Texas and law firm has Texas address. Was contacted by Rausch Sturm law firm who say they are representing portfolio recovery associates. They list the original owner of debt as Barclays credit card so I know it’s real. I want to pay the debt. It isn’t past the 4 year statute in Texas because original debt is from 2016. However, They do not indicate an offer. They just indicate I can contact them via phone or mail to discuss options. Should I wait till they make an offer? Should I call them or write a letter? I’ve seen websites discussing advantages of both calling and mailing so I’m not sure. I can afford to pay as much as 2000 of the listed 10k. Or can I do some kind of hardship payment plan? The law firm haven’t offered either option. Portfolio Recovery did, but I guess these guys have the debt now, so should I make a first offer or wait?

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