These “mediations” are a scam set up by the credit card companies and are no more a ‘mediation’ than calling a third party debt collector and asking if they would like money from you. It is an attempt to continue to document your “debt”.
It has been experience that the “mediation” and the creditor need a debt validation letter sent to them by you via certified mail. In this letter, you are in effect asking them to prove the existence of this alleged debt and document within legal standards the incurrence of this debt with a signed and dated instrument executed by you. The catch is that none exists.
If you want a validation letter let me know and I will email you one.
Pat Hicks
Home (http://www.freshstartcreditscores.com)
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