QUICK- RMA Debt collection- need quick response!
Discussion
Chaps
MrsET has around 900bones she needed to pay AMEX. Everything was done online, payments etc...
All mail forwarded when we left the country etc. We havent received anything in writing from AMEX. We called them to find out what's what- only to be told they have passed the debt on. They claim we missed two payments.
So whats going to happen now- I imagine credit rating be affected- how badly? I Should we pay off in one lump sum or agree a payment plan? We are on hold with them now, a quick response would be fantastic PH!
ET
MrsET has around 900bones she needed to pay AMEX. Everything was done online, payments etc...
All mail forwarded when we left the country etc. We havent received anything in writing from AMEX. We called them to find out what's what- only to be told they have passed the debt on. They claim we missed two payments.
So whats going to happen now- I imagine credit rating be affected- how badly? I Should we pay off in one lump sum or agree a payment plan? We are on hold with them now, a quick response would be fantastic PH!
ET
Most debt collecting companies will take an offer on the amount claimed - as they buy the debt for 10p in the £ (at most) any more is pure profit and if they can make some £ will little hassle they will.
Having said that, be 100% sure you do owe the original debt as its not unheard of for these to be erroneous.
No effect on credit file unless the debt is subject to any CCJ claim I believe.
David
Having said that, be 100% sure you do owe the original debt as its not unheard of for these to be erroneous.
No effect on credit file unless the debt is subject to any CCJ claim I believe.
David
sumo69 said:
Most debt collecting companies will take an offer on the amount claimed - as they buy the debt for 10p in the £ (at most) any more is pure profit and if they can make some £ will little hassle they will.
Having said that, be 100% sure you do owe the original debt as its not unheard of for these to be erroneous.
No effect on credit file unless the debt is subject to any CCJ claim I believe.
David
Thank you thank you thank you!!!Having said that, be 100% sure you do owe the original debt as its not unheard of for these to be erroneous.
No effect on credit file unless the debt is subject to any CCJ claim I believe.
David
Going to confirm all with amex before we pay anything!
Thank you!
sumo69 said:
No effect on credit file unless the debt is subject to any CCJ claim I believe.
Wrong, no way to know for sure without doing getting a credit report.Her credit file will accurately reflect the payment history of the credit card, so if she is 2 months behind that will show and will do for 6 years. The credit card company may have reported the account as defaulted also, they can do that from 1 month behind to 8 months behind, which will effect her 'credit score'.
It may not have been sold, and AMEX may just use RMA for collection, companies outsource debt collection agencies to attempt to recover the money first before selling it. If it has been sold she will have been sent notice of debt transfer letters, in the form of a 'goodbye' letter from AMEX and and 'hello' letter from RMA.
If it's only 2 months behind then get it paid ASAP to limit any potential damage.
Call them up and offer 50% of the balance as a full and final settement and negotiate from there, you will be able to get some money off for sure.
[quote=nosittap]
"Call them up and offer 50% of the balance as a full and final settement and negotiate from there, you will be able to get some money off for sure".
From your last statement, I struggle to get my head round why people believe its OK to 'negotiate' their way out of debt by paying less than what they owe. A better idea is don't borrow it in the fist place if you can't pay it back, giving consideration to if your circumstances were to change.
"Call them up and offer 50% of the balance as a full and final settement and negotiate from there, you will be able to get some money off for sure".
From your last statement, I struggle to get my head round why people believe its OK to 'negotiate' their way out of debt by paying less than what they owe. A better idea is don't borrow it in the fist place if you can't pay it back, giving consideration to if your circumstances were to change.
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