Posted on
May 26, 2009
at
7:35 am
I'm a bit confused about this. I've been told to not accept verbal agreements over the phone and that any settlement agreement should be writing. But if an agreement is being emailed to me, that also means it wasn't signed. Would that stand up in a court?
Posted on
May 26, 2009
at
7:52 am
Yes, as long as the agreement states the terms of the settlement on the letterhead of the collection agency, you should be fine. It's pretty rare that a collection agency will email you an agreement though. Who is the collection agency?
Posted on
May 26, 2009
at
7:57 am
Yeah that does sound odd. I would really suggest that you request the collection agency to fax or mail you a signed settlement letter just in case (even if it is after they email you a copy). However I do agree with Debt Guru, you should be fine if email is the only way they can get you that.
Posted on
May 26, 2009
at
6:42 pm
i am making payments to a collection agency right now and think i only have 13 or 14 more payments left until i am done. should i have them send me a letter with the terms of the agreement now? i never did that when i first started.
Posted on
May 26, 2009
at
8:25 pm
Did you receive a written "validation notice" from them before you started making payments?
You should have received that notice within five days after they first contacted you regarding your debt. That notice contains the exact amount you owe, the name of your creditor, and how to proceed if you think that you do not owe anybody anything.
