Search the Community

I have read around the forums looking for information about a settlement offer letter I received from Convergent Outsourcing. The letter states that their client , LLNV Funding is willing to settle on my debt of ~ $1000 for ~$350. The original creditor is listed as Metris. From my reading I see that Metris is likely HSBC. Well I dont recall ever having an HSBC credit card at least not in the last 10 years or recent memory. So I checked on my credit report, all my scores are in the 700's. I dont even have a late payment on there much less a bad debt. I did have two HSBC accounts on there that appear to be the same account, just with the XXX's in different areas of the account number. But those are old accounts opening in 2003 and closing in 2005 with a zero balance. I dont even recall ever having an HSBC account, but if I did I know I was sure to have paid it when it was due. There are also 3 listing of what appears to be the same chase account which I also have no knowledge of ever having but they are listed as open and have a 0 balance. WTF? There is a slim possibility that this could related to when I had just turned 18 back in 1998 and I as a dumb kid realized I could apply for a credit card without even having a job. I think I got a card with like a $400 limit on it or something, which I am pretty sure I didnt pay at all, but a couple of years did pay a collection agencies. Regardless, if that is it I believe it is way past the SOL. I live in Texas and am 32 years old now. This is the second letter I have got from these people, I am considering sending a Texas version of a debt validation letter, a cease and desist letter, or just ignoring it. What do you guys recommend? Also, I assume I should get those accounts I do not recognize removed somehow.

This is my first post on CB. I have been a lurker so long I'm 95% sure they a have a restraining order against me. I have accomplished a lot just reading other people's posts but now I need help deciding on what to do. Before I get started, some accomplishment: 1 1/2 yrs ago I got a secured Amex from USAA, removed 30, 60 and 120 from two years ago (Cap1 exceutive offfce), removed judgement from TU and this past weekend I was approved for a Amazon and Walmart store card, ($700 and $500 respectively) turned down twice last year. Thanks to the board! Still have a ways to go but now onto my thorn... I received a settlement letter from Santander regarding a defaulted car loan which is still within the SOL for NJ. I don't want to be sued and not sure how to go about resolving this. My car was totaled by my insurance did not cover the whole value of the car/loan (no gap ins) and Santander mysteriously added fees which no they claim i owe on top of the remaining balance. Not sure what to do or how to proceed. It is a CO on my report which a balance still showing. Here is the letter Limited Time Settlement Offer Available Dear Robbiediggy, We have a limited time Settlement Offer available to help resolve your deficiency balance. Our records show that you have a balance due of $11212; which we are willing to accept 30% of the amount in order to settle your account in full. You must call our office within 45 days of this letter if you are interested in taking advantage of this offer. Your settlement amount would be $3364 to settle this account in full. After your settlement amount is paid in full, we will send you your title. Even if you are unable to take advantage of this offer, please contact our office to see what terms can be worked on to resolve your account. You Must Act Quickly! Please give us a call by 4/15/13 at 800-215-6922 and select option 4 to discuss the full offer details. You can also access your account and make payments online by logging into theMy Account section at www.santanderconsumerusa.com. If you fail to call our office by the date above, Santander Consumer USA will consider this settlement offer automatically revoked and null and void without further notice. This settlement may have tax implications. Please consult a tax advisor to determine the impact on your specific tax situation. Santander Consumer USA cannot provide tax advise to you. Sincerely, Santander Consumer USA Inc. Deficiency Department

I received a debt collection letter from South Western Credit Soultion offering me a "settlement" with AT&T wireless in April 2012. It said I can pay 50% of the intiayl amount owed. I took advantage of the offer and paid it. Then in September 2012 I received another "settlement offer" for the SAME AT&T account from CBCS but this time for the remaining balance. I contacted CBCS and told them I have alreadt satidifed this debt and thy suggested I contct AT&T - who then said that a settlement offer does not satisfy the debt but just closes the debt with THAT CA. But the balance can then be sold off - Is this true? Can anyone provide any insight about Settlement offers? I live in NJ.

I received a debt collection letter from South Western Credit Soultion offering me a "settlement" with AT&T wireless in April 2012. It said I can pay 50% of the intiayl amount owed. I took advantage of the offer and paid it. Then in September 2012 I received another "settlement offer" for the SAME AT&T account from CBCS but this time for the remaining balance. I contacted CBCS and told them I have alreadt satidifed this debt and thy suggested I contct AT&T - who then said that a settlement offer does not satisfy the debt but just closes the debt with THAT CA. But the balance can then be sold off - Is this true? Can anyone provide any insight about Settlement offers? I live in NJ.