My question involves collection proceedings in the State of: Connecticut
Hi, first, I'd like to thank everyone here for providing this sort of help on a volunteer basis. I think it's great.
To get to my little problem, I've received two letters in the past two weeks.
The first was a letter from The Law Offices of Howard Lee Schiff, P.C., indicating that they would like to resolve my debt to Bank of America for the sum of $3,402.00. They offered me a settlement of 75% of the debt, and asked that I respond by November 6th 2009.
My first question, is, according to my credit report, the company who bought the debt only paid about $400 for it. Am I able to make a counter offer to pay it off for less than they're asking for, knowing that they only paid that amount for the debt?
My second question, is in this document, are they asking that I pay 3402.00 which would be 75% of what I actually owe, or are they asking me to pay 75% of the 3402.00?
The second letter I received was what appears to be a claim from the State of Connecticut - Superior Court, Centralized Small Claims Court, asking me to answer the claim by November 17th. It's for the same amount, 3402.00.
Now, I find it hard to believe that they would send me a court document before the date they had asked me to resolve the debt for, but I'm less than versed in legal matters.
The small claims Writ and Notice of Suit which is attached has a date on it of September 24, 2009, and the affidavit attached refering to Midland Funding LLC, has a date on it of August 20th.
If I were to settle with the collectors before November 6th, would this document be nullified? Is it valid to begin with? What are my options?
Any and all help would be greatly appreciated! Thank you!