Settlement and Lawsuit Threat from Collector
My son was contacted by a credit collection agency today that says it has been trying to get in touch with him for a long time and that they are offering a one time settlement of 1/2 what they say he owes if he pays in full by tomorrow. I called the debt collector who was rude and pushing me to make the payment for my son. As my son has never received anything in writing (his fault for not forwarding address) according to the debt collector, I asked him to email me what he had. He sent me an email on a WPG letter head (can't find anything on them on the internet) with the credit card company name, an account number, owed amount and settlement offer if paid by tomorrow. He did tell my son on the phone they will be filing for a judgment against him tomorrow if he doesn't pay. What should I do?