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    mikesz's Avatar
    mikesz Posts: 5, Reputation: 1
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    #1

    Jan 23, 2008, 08:05 AM
    Charge off
    Lhr inc called today and the lady left a message stating that she had my file on her desk and a case # as well.My original creditor charged the account off so, I guess it was sold to lhr.What should I do at this point? Any help would be greatly appreciated.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jan 23, 2008, 08:13 AM
    The fact that it was charged off has no bearing on you or your obligation to pay. What you can do is try to negotiate a lump sum settlement or a payment plan.
    mikesz's Avatar
    mikesz Posts: 5, Reputation: 1
    New Member
    		  
    #3

    Jan 23, 2008, 08:38 AM
    So, you're saying I should admit the debt is mine?I thought I was supposed to send a c & d letter first.Then a debt validation letter.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Jan 23, 2008, 08:51 AM
    Do you believe the debt is yours? If so, negotiate. If you are unsure then ask for validation of the debt and their right to collect it.
    mikesz's Avatar
    mikesz Posts: 5, Reputation: 1
    New Member
    		  
    #5

    Jan 23, 2008, 10:05 AM
    Yes, the debt is mine and they do state on their website that they do accept monthly payments.This ca buys junk debtdebt for 2 cents on the dollar.What would be a good settlement offer.The amount that was charged off is $8,850.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #6

    Jan 23, 2008, 11:07 AM
    I would start with an offer of 50% and see if they will negotiate. Note, to get such a settlement you will have to pay a lump sum. If you cannot, then they will want much more under a playment plan.
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