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QUESTION: i purchased a 4 wheeler few years ago. the four wheeler was stolen a year ago. had no insurance on it yet. have police report.made payments and payments went up. my fiance was laid off could not make payment. being contacted by law office and i have paid them $1400 with income tax money. the loan is 12,000. the law office is offering a deal where i can pay off just a percentage by a certain time. but i cant come up with that much money. can they sue me if im paying them?
ANSWER: Dear Suzanne,
The law office can sue if the debt isn't paid. It's highly unlikely they will, remember a lot of collection agencies front as law offices. How much is left on the loan?
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QUESTION: 12000 right now I going to pay 3000 and paid 1400
ANSWER: Suzanne,
Don't pay anything yet. You have to make sure you protect yourself and your money. Did the collection agency send you a summons? If they haven't they are attempting to pad their commission check. Since this is a short month they will say and do anything to take your money.
We can speak with you and tell you what to look out for.
Just visit
https://www.OntrackFinancialGroup.com/contactus and input your contact information. We will contact you outside at your requested time.
---------- FOLLOW-UP ----------
QUESTION: like i said i have paid 1400. they are letting me pay at almost half off. i not sure what a summons is but all i got was a letter from the law office and i called them. If i pay before a certain time i get at so much off the 12000.is what they telling me.
Please check your email.
Correct, however your still paying to much on the settlement offer to the debt collector. They want you to pay this account according to their time cycle. Understand they receive a commission of 25%, the more you pay the bigger their commission check is. If you want a true reduction on this collection debt contact Ontrack Financial Group llc. We've been in business for over 10 years and will perform the work on your behalf.
Warm Regards,
https://www.ontrackfinancialgroup.com/contactus
888-686-6834
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Ontrack Financial Group llc
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