Ok, here is the situation. My future MIL is in the midst of a divorce. She is trying to keep the house, but the bank will not finance here what she needs. She has the means to afford it, but this income cannot be documented or verified and is unacceptable to the bank. On to plan B. She has her fathers credit ran, and they can obtain the mortage together. However, he has a CC card debt in collections that must be paid or else its a no go.
The debt is 3200 with merrick bank and now is in collections with a company called Carson SmithField. I would like to help her out and am willing to pay this bill so she can obtain the mortage(we both live here at the moment). I know they pay like 5-8cents on the doller for this debt. What should I offer the agency? Also, will it make a difference to the bank that a settlement was agreed upon, and that the full balance was not paid? All that should matter is the party is satisfied IMO.
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