Comments on: Negotiating Debt Settlement With a Collection Agency http://achingdebts.com/negotiating-debt-settlement-with-a-collection-agency/ Survive the Tough Times, Get Out of Debt and Save Money Thu, 18 Aug 2011 17:01:41 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Debt Negotiation http://achingdebts.com/negotiating-debt-settlement-with-a-collection-agency/comment-page-1/#comment-76 Debt Negotiation Tue, 08 Apr 2008 18:05:44 +0000 http://achingdebts.com/negotiating-debt-settlement-with-a-collection-agency/#comment-76 I didn’t keep all of my past bills and didn’t write down a phone log for each time I called. It’s an ongoing nightmare, and one that I do not want to repeat. I didn’t keep all of my past bills and didn’t write down a phone log for each time I called. It’s an ongoing nightmare, and one that I do not want to repeat.

]]> By: CindyS http://achingdebts.com/negotiating-debt-settlement-with-a-collection-agency/comment-page-1/#comment-75 CindyS Mon, 25 Feb 2008 22:07:49 +0000 http://achingdebts.com/negotiating-debt-settlement-with-a-collection-agency/#comment-75 Mike, If the company is out of business there is a good chance that the Collection Agency will not be able to validate the debt. They have to prove that you actually owe the amount that they say you do or they cannot continue to try to collect it. Check out this link http://creditinfocenter.com/rebuild/debt_validation.shtml for more info. I will warn you I spent a couple weeks researching in the forum and on their site. If I had it to do over, I would buy the book Good Credit is Sexy. They have more information than is on the website and form letters as well. The most important thing is to stop talking to them on the phone and get everything in writing. Mike, If the company is out of business there is a good chance that the Collection Agency will not be able to validate the debt. They have to prove that you actually owe the amount that they say you do or they cannot continue to try to collect it.

Check out this link http://creditinfocenter.com/re.....tion.shtml for more info. I will warn you I spent a couple weeks researching in the forum and on their site. If I had it to do over, I would buy the book Good Credit is Sexy. They have more information than is on the website and form letters as well.

The most important thing is to stop talking to them on the phone and get everything in writing.

]]> By: Mike http://achingdebts.com/negotiating-debt-settlement-with-a-collection-agency/comment-page-1/#comment-74 Mike Mon, 25 Feb 2008 22:00:26 +0000 http://achingdebts.com/negotiating-debt-settlement-with-a-collection-agency/#comment-74 My wife and I are fighting with a collection agency over cell phone charges, and it has been a nightmare. It was a small company that went bankrupt and didn't keep very good records. We actually canceled our service with them within the first 30 days, but they continued to bill us. We would call and they said that they had records that we canceled and would "take care of it." Then they went bankrupt and a few months later a collection agency sent us a letter. Unfortunately, I didn't keep all of my past bills and didn't write down a phone log for each time I called. It's an ongoing nightmare, and one that I do not want to repeat. My wife and I are fighting with a collection agency over cell phone charges, and it has been a nightmare. It was a small company that went bankrupt and didn’t keep very good records. We actually canceled our service with them within the first 30 days, but they continued to bill us. We would call and they said that they had records that we canceled and would “take care of it.” Then they went bankrupt and a few months later a collection agency sent us a letter. Unfortunately, I didn’t keep all of my past bills and didn’t write down a phone log for each time I called. It’s an ongoing nightmare, and one that I do not want to repeat.

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