We'll help you find the right solution for your needs
Does this sound like your topic?
I have a private student loan in default due to disability. A collection agency contacted me regarding settlement. They said to write a letter offering settlement. I wrote a letter stating I was informed i owe $31k (never admitting i do) and that i would like to settle this account and made offer. Before I sent the letter, I asked them to provide me with detailed break down of what I owed. They said it would take months and they were only going to consider settlement for that day. So I sent the letter that same day.
1. Does that mean the statue of limitations restarted?
2. Did I admit to the debt?
3. Does this mean I can no longer ask for debt validation?
4. Did they violate my rights by saying the detailed break down would take forever and I needed to send offer that day?