Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Money Management > Credit > Credit and Debit Cards > If a third party purchased your credit card debt and sends a letter asking if you are the debtor should you answer yes and then proceed the discussion with the third party or keep unanswered?

If a third party purchased your credit card debt and sends a letter asking if you are the debtor should you answer yes and then proceed the discussion with the third party or keep unanswered?

Answer:

Answer

If you are planning on paying the debt then let them know it is you and negotiate to have it removed from your credit report once its paid.

If you dont plan on paying the debt then it will stay on your credit report for seven years regardless of whether you answer that letter.

First answer by ID0203674874. Last edit by ID0203674874. Question popularity: 20 [recommend question].

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