Credit Card Debt Agreement

by Les
(Temecula CA USA)

I reached a verbal settlement figure of $1900 with the collector. When I confirmed the payment amounts and dates commencing with Sept 10 he wanted to change the amount owed together with the initial date to Aug 31 saying to trust him to modify the payment date personally on Aug 31. to Sept 10.
What recourse do I have?

Comments for Credit Card Debt Agreement

Click here to add your own comments

Sep 03, 2010
settlement agreement
by: Gerri & Mary

We do not recommend you send a collector a settlement payment until you have all of the details in writing, in hand, first. If you rely on a verbal agreement and problems to crop up later, you'll have no documentation to back up your side of the story.

We are not sure what you mean by having any recourse. Did you already pay them and now there is a problem?

Click here to add your own comments

Return to Debt Collection Questions.

Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2016 by Mary Reed and Gerri Detweiler.
All rights reserved.