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Expert: Ontrack Financial Group llc - 10/31/2007


Question
I have this old bill from AT&T Visa. In April of 2006 the amount owed was 3,868.05. Unifund said as of Friday I owe 5,835.92 but they would be willing to settle for 4,669.00.

I cannot believe since last year the interest on this debt has been almost 2,000,00!

Does this seem right? Should I go ahead and try and validate this debt? And if I do so is there a bigger chance of getting sued?

Unifund told me I have not made a payment on the OC since 2005 and they are close to sending it to litigation.

I do have the money to pay this debt but i just cannot believe the interest in 1 yr is almost 2 grand!  

Answer
Sam,

Yes it seams right.  I know how you feel.  In today's environment requesting validation will only buy you time.  Companies will provide you with that information in about 10 days.  Request a lower settlement.  Tell them you only have 30%.

Good Luck

ONTFG

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Ontrack Financial Group llc

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With the credit market on a brink of collapse, the future of having good credit will be paramount. Loans will be near impossible to obtain with strict lending practices around the corner. Debt collectors and Law offices will use even stronger tactics to recover more of your hard earned money. Protecting you and your credit has to be a top priority. In 2000 Ontrack Financial Group llc founded the credit arbitration movement. More and more companies entered into the arena and new business models joined old ones. Only one company has the attitude and aptitude to truly assist our clients. Ontrack Financial Group llc is that company! With our proven credit arbitration solution, you can become Charged Off Debt free within three years or less. Our clients have eliminated their Charged Off Debts with our service and avoided communication with collection agencies and law offices in the process. Since the inception of Ontrack Financial Group™, we have continued assisting our nation-wide clientele with their burdensome unsecured debt and has enrolled thousands clients in its programs, managing millions of debt for its clients without one complaint. Ontrack Financial Group™ is a for-profit, private company and is not affiliated with the credit bureaus or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer.

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