by MaeBay85 » Tue Dec 20, 2011 09:06:20 AM
Hi there,
I'd really appreciate any help from you guys. I'm a young girl and I'm pretty nervous/uncomfortable with what the situation has become. I don't want to be so intimidated while handling it.
I made some mistakes/went through some hard times and relied on a credit card. Racked it up to about $1500 (Probably more now). It was being paid off for a bit, but got to the point where I couldn't continue and began to ignore it. My bank closed the account and sold the debt to a collection agency. That was around the middle of 2010.
I have received calls all year from collection agencies and never answered. I received a letter yesterday from Global Credit & Collection Inc. It says "Without Prejudice" and notes the correct bank/account number. But it says the amount I owe is under $100. I'm wondering if Global is only handling a fees portion of my debt? What would be the reason for this number? As I owe wayyyy more than that.
The letter says I have been approved for a payment plan to pay the amount off with 3 different options. Option 1 is " Send us one lump sum payment of 50% of your balance and we will close your file as settled in full."
I know I shouldn't have let it come so far, but I'm trying to own up to it now in the right way.
Should I look into getting my credit score from Equifax or something?
Again, really appreciate the assistance.