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Hello ... I have several Credit collection Agency accounts that I am now in a position to start paying off.... What are my rights to protect myself with a agreed settlement so that I can be assured debt will be removed from my credit report once settlement is paid in full
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Consumer Debt Collector Harassment & Abuse Attorney serving Tampa, FL
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What you are essentially asking is for lawyers to tell you the secrets to what they do for a living, learned over many years of expense and experience, so that you can do it yourself for free. Don't plan on getting anything useful on that front that you can actually rely on. If you have such concerns, you may want to consider retaining a lawyer for such purposes. As an aside, merely paying a debt does NOT effect its removal from credit reporting and most creditors will NOT settle accounts on such a condition, even when that decision makes little financial sense. If you have additional concerns, we do offer FREE initial consultations at 1-800-922-6442, to determine if we can provide further assistance.
Answered on Oct 20th, 2014 at 1:05 PM