Legal Question in Credit and Debt Law in California

So I made an offer...

I had an outstanding debt with DriveTime from approximately 6 years ago that has since been sold to Midland Credit Management. I called them and made an offer to give them 20% of the outstanding original balance as I had already paid well above the Blue Book value of the car had it been in immaculate condition before it was repossessed. Are they legally required to note that I made this offer? The woman working on my account said she did not note this offer nor would she. Also, do I have to give them notification if I am recording the call if they have already stated they may be recording it themselves? (As I am sure they would hang up before I could make or prove that I have made this offer.) This is only mildly affecting my credit, (My score is in the mid-700's) but I would like to resolve this. I feel my offer of 1500.00 dollars is fair in light of the situation.


Asked on 7/08/08, 7:06 am

1 Answer from Attorneys
Bryan Becker Becker Attorneys

Re: So I made an offer...

Thanks for your inquiry. You don't state whether Drivetime ever gained a legal judgment against you or if they are just pursuing the outstanding debt. This is important because there are time limitations associated with this debt that may prevent them from collecting further. If you would like to discuss this further, I would be happy to speak to you.

Yours truly,

Bryan

Bryan Becker

California Debt Defense

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Law Offices of Bryan C. Becker

877.201.8728

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Answered on 7/08/08, 11:31 am


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