2203 E. Lincoln Avenue
Anaheim, CA 92806
1. You should always receive a settlement offer in writing from a debt collector; no exceptions.
2. The settlement offer should specify the exact original creditor, balance amount, and account number, and state that debt collector is authorized to settle the account.
3. You should never authorize or allow a debt collector to deduct funds from your bank or checking account.
4. You should mail the debt collector a cashier's or certified check.
5. Confirm in writing the exact language that debt collector will use to report to credit reporting agencies that the account was paid in full or settled. (Best option for debtor is to have the account tradeline deleted, but that is more difficult to achieve.)
6. You must then keep all of the settlement documents and proof of payment forever because debt accounts are sold and traded and can end up being sold to another debt collector after you have settled an account. Debt collectors also try to collect debts that are beyond the statute of limitations period. It is important to have the proof that you paid already.
7. If a debt collector makes a material misrepresentation of facts, that may be a violation of the Fair Debt Collection Practices Act and you should consult an attorney.