Receiving settlement offers from Asset Acceptance Corp
I keep receiving settlement offers from Asset Acceptance Corp on a Citibank credit card account. It says you owe X amount and we will settle for 30%. I have no idea where they are even coming up with these figures. According to the last payment date listed on my credit report, the statute of limitations would expire early next year. Here are my questions:
Should I send a debt validation letter? This is what I would normally do, but I read somewhere that outfits like this may respond to debt validation letters with lawsuits.
Since they haven't tried to sue me yet, should I do nothing and wait until they either try to sue me on their own, or the Statue of Limitations runs out?
To sum it up, is it best to be proactive or reactive?
:confused: