Settlement from a CA??

[Kles]

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.

[moosetracks]

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.

 

Well this is legal however, if you have a PIF in writing from the OC

you can submit that to them as evidence it was settled. If you dont have

it you can contact the OC youself to attempt to get the letter, offer

to settle more of the balance only with a PIF statement in writing from

the OC, ignore the request assuming it is past the SOL or try a DV.