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nelagenda · Jun 7, 2010, 09:23 AM

Hi,

3 years ago I lived in apartment complex in Texas "Summer Stone Apartments". My husband received a job offer in another state "Kansas". After we signed the lease for another 12months. The apartment manager told use if we must break the contract then we were going to need to pay $ 700.00, well we said OK, but when we get the bill it was way more then what we were told. During that time the apartments where changing Management, and has sent our debit to collections agency "Blakely Witt and Associates". When I explain this to the agent he told me he only wanted to hear me paying $ 1400 dollars! Well I don't have that kind of money! Is there anything I can do to push back? He told me to stop calling him until I can come up with the money of $1400. I want to pay my debit, of $700.00! What can be done?

Thanks!

jpbuzzworthy · Jun 7, 2010, 10:12 AM

I'm shocked that they wouldn't take 50% as they usually only pay like 10 cents on the dollar for the debt...

I'd call and ask for a manager, or submit something in writing.

Also be prepared that on your credit report, the collection could be marked as "settled for less than full balance" which isn't going to help your credit as much as "PAID" would.

If that happens you can write the credit bureau and dispute it, and maybe they will fix it when you tell them the collection should have only been $700 in the first place. It's a crap shoot there.

GregKG · Jun 7, 2010, 10:50 AM

There are debt solution companies in the public domain that will negotiate the debt for you. The collection company receives a percentage of monies recovered and will/can not negotiate without permission of the debt holder. Offer debt holder a compromise or seek pro help. Lots of adds in the yellow pages for debt relief, especially now.

JudyKayTee · Jun 7, 2010, 01:23 PM

Originally Posted by GregKG

There are debt solution companies in the public domain that will negotiate the debt for you. The collection company receives a percentage of monies recovered and will/can not negotiate without permission of the debt holder. Offer debt holder a compromise or seek pro help. Lots of adds in the yellow pages for debt relief, especially now.

Are you in the debt consolidation business? I am in the legal field and for every 1 of these debt consolidation plans that works I see 10 that cost money and don't work.

If the collection agency won't take less it feels it doesn't HAVE to take less.

Why pay someone else to find that out - again?

Did you offer CASH, NOW?