Should I accept a debt settlement from a collection agency?
I had a checking account with Bank of America that was closed due to overdraft. I received a letter in the mail today from a collection agency willing to offer me a settlement – I pay $ 349 on a $ 680 debt and I’m good. My only concern is that BoA will continue to sell my account for the remaining balance. Should I contact BoA and see if I can settle through them or do I have to go through this collection agency since my account has been sold to this place? I’m trying to pay off my debt…I’m just very ignorant to this all still.