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Mzg1968 · Mar 25, 2008, 02:55 PM

We had a car voluntarily repossessed in 2005. It was sold at auction and we were billed for the remaining amount... $6531.00. We were unable to pay it and it has now been sold to a collection agency by the name of The Fitzgerald Law Firm, PC also known as Endeavor Financial Partners out of Alpharetta, GA. We are now in a position to make payments weekly or monthly but they will not accept the payments. They want us to pay in full. Since they have taken it over the balance now shows as $7156.61 and they will settle for half of that amount but it must be in full, no payments. They suggested I take out a loan in order to pay them in full. I can make the payments but can't manage to pay the full balance in one payment.
Does anyone out there have any advice? I don't know where to go or what to do at this point. I just want to try and make it right and they aren't helping much.

Thanks...

P.S. The letter that I've received from Fitzgerald claims they represent the original loan company, that we financed the car through. It reads, This law firm represents ----------Company, and has been retained to resolve the balance reported as being owed to our client. The finance company says that Fitzgerald does not "represent" them. They sold the account to that company but otherwise they have no connection with them.
Also, on my credit report, it is reported under the original loan company, not the Fitzgerald firm. If they owned it shouldn't it be reported under their name?

bry3030 · Mar 25, 2008, 03:02 PM

If you want to keep your credit score what it is or get better, I would take out a loan for half the amout,to pay it off. Then I would make the loan payments,since you were going to try and pay them anywayzzz.
This will just cut your debt in half

Fr_Chuck · Mar 25, 2008, 04:11 PM

They do not have to accept payments, most likely they bought the loan for about 10 cents on the dollar, so if they offered to settle for 1/2 if you have 1/4 of it, or can get it, offer that as a settlement, but don't do anything unless it is in writing, many firms, say they will agree, then get your check, cash it, then lattter go and get a judgement anyway.

In the end, tell them they can accept payments or tell them to sue you, that is the only really two choices, once they figure you are not being scared by them, and you sort of act like you don't care, sometimes they will decide to get what they can then.