Credit Card Debt Settlement Letter

My husband and I recently bought a house. Just before our purchase we found a credit card outstanding. Long story short, it was a credit card that was on behalf of my husband he was using when he was in college that his mother had to pay for. My husband had no idea that there was a crime that we have been advised by our lender. The account has been closed since 2002. He says on his credit file that the account "closed at consumer request, charged off account, bad debt, placed for collections, to jump." We do not want to disturb her mother about it. After no communication with Discover for 5 years, we received a letter from Northstar Location Services, a collection agency (not Discover), for a settlement amount that is 40% debt. What should we do, call out, facing the collection agency, or something else? I realize everything must be written in advance, but can someone advise me on this?

If it was a trickle charge means that the company tried to collect and could not so they canceled. This is doubtless one last attempt to collect. I contact Discover and see if they sent this to the collection agency. 5 years is really too long to wait for them to send it to collections. This seems fishy to me. As a private organization trying to collect on a charge offs creditors.

Pay yourself that because you want to improve your credit, or because of recent contact with the collection agency?


Read some of my answers past, as I have sent several times. The fact that this debt is now 5 years could put it on the prescription, which means they can not sue you for that. If the debt is low ($ 500 or less), they can not kidding with that either.

I want to do is write this agencey collection and explain what happened you have 30 days from the date of the letter to contact them and explain or defend that they matter.or collections.You make others also explore the possibility of contact and try to work a certain type of payment if arrangement.but agencey this collection is to offer a better way out of the entire amount and they are ready to retire your credit, you should, it pays if you can, if no payment arrangements and keep them try and tell you to buy a house and ask them to give you something in writing saying this issue is processed and will be closed to give the lender that you go through to buy your house. I hope you find this useful.

Hello old debts are often worn for a nickelon the dollar and buying agencies try to recoup some money. You have a variety of choice, Let It Ride and sipute the length of the debt in two years to settle and pay, but remember the rules will be reported as such. "Having settled" or challenge the validity.
See I got married five years ago and my husband has an ex. and during a deployment, she destroyed a new vehicle without insurance. in 2003 when I went to buy my house, I discovered that there was a repo on his contribution. Do not go ruining my life. I'm pen and paper and wrote that in question and all Evey bureus and sound. It does of course want to take responsibility for the debt, but no problem, the offices of creditors issued a dispute, the agencies did not respond within the time allowed for the justification of the debt, and the point was deleted successfully.
Thats important, because a question can make a difference half a percent on a loan. More than thirty years, as the price of the house, which could mean thousands. Dispue, disputes, litigation, or pay, pay and pay.
Hope I helped.

I am in the banking sector and Discover is known to accept very low settlements. Give them somewhere in the stage of 10-15%.