11-02-2006, 02:09 PM
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Join Date: Jul 2006
Posts: 308
Points: 7119.80
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Re: Outstanding Debt
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Originally Posted by Sweepsplayer
If you get the settlement terms in writing, then that should never happen (or at least you would have legal recourse if it does happen). There are several good examples of settlement letters on the Internet.
Verbally agreeing with a collector to settle (or just paying an amount listed in a collector's solicitation) is not recommended.
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