Hi All! It's been a while. Hope everyone is okay under the circumstances.
I have been wanting to settle and old debt with Credit One. It was a judgement from 2003. Was eventually "sold" or given to an attorney to handle/collect. I guess that attorney didn't make good on it, it was given to another attorney. I was under the impression until now that creditors sold these debts to law firms, but I think the original creditor is still involved. The attorney told me that they would have to present any offer of settlement to the creditor. I have been to this point before with the law firm. Just so happens that the person that I spoke with at the law firm did not mention the interest that was accumulating on the account. In other words, I offered to settle $100 by paying $10 per month, but what she did not tell me that the debt was actually $200 including interest (just an example).
More recently, I was told that creditor would not accept monthly payments on settlement that is less than what is owed. You guys ever hear that before?
Not having much luck with the second attorney. Very unprofessional....makes threats....high staff turnover....inaccurate information given.
What are the chances that, if I can eliminate the middle man, I could negotiate settlement with the creditor? Should I even ring this bell by contacting the original creditor.
Thanks!