Today I received a request for settlement to a Collection Agency by the name of Northland Group Inc. in Minneapolis, MN. The letter states that they were “assigned” so I am sure it is safe to assume that they do not own the debt but are acting on behalf of the OC (Carmax).
I have been monitoring my credit reports closely and all three show a balance with Carmax at $ 7,929.00 with a DOFD of 10/2013, balance is reported as such as recent as 9/15 in the form of a CO. Also if it helps, I am located in Texas and the original auto loan was taken in Texas as well.
The letter states that the past due account balance is $ 11,243.96 and that the settlement offer is $ 5,734.44.
I wanted to check what possible avenues I should be going down with this before writing a DV or contacting the CO/CA.
Any help is appreciated.