Vultures are hungry anytime of the month.

The only reason the crs representative is putting on the pressure on you, is they want to finish the month with strong numbers. The best time to settle a debt is between the 15th and the end of the month.

Oh, CRS owns the debt now. Your first post was a bit misleading on that.

Yes, it was a scare tactic, but those vultures have got you in a rear naked choke hold. All you can do is tap out or pay up since they know you've got a house. That's why you were targeted in the first place of course. Still, it's a while before the trial, so they might go down to 40%. I have no idea as you've allowed yourself to fall into a submission hold. I just hope Fedor doesn't do the same thing tororrow night.

Remember to be very careful about any settlement you may sign. A lot of people pay 50% thinking, that's the last of it, only to find they still owe the other half (and more) shortly down the road.

Also, CRS has 'threatened' that if the offer is not accepted by today, then the it will be void and they may proceed to trial. Not sure if that is just a scare tactic or will they then stop negotiating.

CRS purchased the account. I contacted mbna and they said that they can't even access the account because it doesnt belong to them anymore.

When an amount of $10K or more is potentially at stake, especially, given their reputation, I wouldn't feel very comfortable with email. It's up to you.

The email is fine.I settled a debt with crs and i received my settlement agreement by email or fax.

Well, if they've already offered 15%, even if the offer expired, MBNA would be very likely, themselves, to take a lot less. But they've given it to CRS (Are you sure they didn't buy the debt from MBNA, because they sell their delinquent debts pretty fast?), who will try to maximize their return.

Why don't you PM "Nameuser" who's in litigation, albeit in BC. He was remarking MBNA would settle for a lot lower than most other lenders. It might be possible to get a manager at MBNA to supervene and direct CRS to take a lot less. You know they'll take 50% already, so you've got nothing to lose.

Thanks. Do you think the email is sufficient or should I require a sined pdf doc. I don't have acces to a fax at the moment.

It's very reasonable.