Tuesday, March 1, 2011

Does anyone have specific language from a contract with a collection agency. Debt settlement Contract?

Question by Justagirl24: Does anyone have specific language from a contract with a collection agency. Debt settlement Contract?
I have agreed to pay $ 200.00 on a balance of $ 382.94 as a settlement amount wiping the debt to a zero balance. I want a contract to state this using specific language protecting me from bad reports on my credit. For example "settlement" or "Paid as agreed" etc. I do not want to give the collection agency any way to twist or re-assign my debt. Please advise. Your

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