I recently accepted a settlement from a collection agency.?

WOW! You sent a letter to the second collection agency showing the account was settled in full with the first collection agency and they are saying it wasn't accepted? I personally would:

1. Call and speak to a management figure. Tell him/her you'll send the paid in full / settlement letter certified return receipt and if after they recieve the document they continue to contact you; you'll document the communications and retain an attorney to file possible harassment charges.

A lady last year won a BIG chunk of change due to a similar situation with a collection agency that would NOT stop calling her and she had paid the account off in full.

P.S. Make sure you have a letter saying the account has been satisfied. A settlement offer letter isn't the same thing. Keep in mind if the settlement had an expiration date and you paid or your payment was received after that date, the settlement could be voided at their discretion!

The collection agency was acting as the agent of the creditor. Hang on to that letter and provide only copies to other people. I hope that an attorney will use it if they take you to small claims court or what ever court you land in. If just two or three hundred dollars they will not and just report it to the credit bureaus. That is the best thing that could happen to you to prevent you from buying on credit and paying the premium price. If it gives you no choice but to live within your means you are way ahead of the game. Credit is in no way cheap.

If it is a large amount, I think a lawyer would be in your best interest. You said you accepted a settlement. Maybe you could try to talk to the original comapny first and see what happened. Maybe someone got the info wrong.

sure: Pay when you get a written contract. another ingredient on settlements: in case you and the CA agree (in writing) on under the completed volume, then the quantity which you keep is taxable as earnings. you will might desire to pay envisioned taxes on the cost reductions. occasion: the bill grew to become into $a million,000. You and the CA settle for $seven-hundred and you pay it. You owe state and Federal earnings tax on the $3 hundred you saved. My pal have been given a useful contract from a CA, paid it, yet did no longer be attentive to that the cost reductions grew to become into taxable until the IRS garnished his wages 3 years later for the taxes, penalty and interest. Did this help?

oh my gosh. the samething happened to me.

i settled with one company and then i get a letter from another company saying that i owed more money. i called and then fax the original settlement letter. they said they would leave me alone. i havent heard from them since. contact a lawyer if all else fails

If you have a letter stating that then you should be okay. Hope you sent a copy.

Hmmm... you better consult a lawyer over this one.