I have no problem paying back the money. However, can they insist on $150 if my budget only allows $50 -$75? In addition, can they insist on immediate payment when I just learned of this lost account yesterday? I have not even had a chance to make sure this charge is valid. What recourse do I have?
A collections agency just called on a card I have not seen or heard from in years. They are requesting $560 or at least $150 by the end of this month. They will accept nothing less and will refuse payment send back anything less than $150. I explained that they just contacted me today and I have...