but SWMBO wants to believe. She got a letter with no letterhead, no company name, no address. The top of the page has: RE: Discover, Wells Fargo, Bank of American, Capital One, American Express. A couple lines down is Negotiations Department. Notice Number, Notice Date and Contact Phone 888-xxx-xxxx
Then further down RE: credit settlement.
They're offering to settle (they claim) a credit card balance and personal loan for about 85% of the amount owed, payments over 4 years. She would have to give up any credit cards. That's the only part that makes me think it might be legit. Is this a senior citizen scam?