General Discussion
In reply to the discussion: Capital One's new contract says it can show up at cardholders' homes, workplaces [View all]brett_jv
(1,245 posts)It's not Midland in this case, though I 'settled' another credit card debt from the era with them a few years back, probably shouldn't have in retrospect but I rid myself of about a $5000 debt with a payment of around $600, so it seemed a good idea at the time ... pretty sure that was > 7 years after the last activity on the account as well though. This time they're called Portfolio ... and no, I have no way of knowing that they properly bought the account from Cap 1. For all I know, they just look at people's credit reports and 'pretend' to 'own' the debt. How could I find out something like that?
Anyways, I initially offered just $100, they started negotiations at around $800 (they say the debt is for almost $2K but that's nearly all interest since I only borrowed $500), then they went down to like $625 and I said "how about $225", and they still said no, and came back with $575, final offer. I said 'hay-ell no' basically, and surprisingly, they just went on their merry way, wouldn't touch my offer or make a newer, lower one.
So, are you sure that if I've not done ANYthing with that account since 9 years ago, the Credit Agencies will have to take this stuff off my account, and that I'm within my rights to send a C&D letter to the Collectors, and legally they'd have to oblige cause of the 7+ years thing?
It was worth $100 to me to get them to quit bugging me and to have the acct marked as 'settled in full' but if I can get Experian, et al, to remove the negative info, and get these goons to quit calling me with a letter, than that's even better. You're sure I can just tell 'em to quit calling via letter, and they have to do just that? That'd be sweet.
On Edit: I just created a copy of the letter recommended in this post, and will be mailing it 'certified' tomorrow. This make sense to you?
http://www.ripoffreport.com/r/Portfolio-Recovery/internet/Portfolio-Recovery-Portfolio-Recover-Associates-How-to-DEAL-with-these-people-Internet-964545
Again, thx for the advisement