Jack
Dallas,#2General Comment
Sun, February 10, 2013
I have dealt with collection agencies before and it was very smart of you to ask for the agreement in writing. The agents are often not paid very well, not well versed in various laws concerning collecton practices and very often lie. They will tell you one thing on the phone and then they will not honor it. Always get agreements in writing. Another thing the collection agency will do (the unusally devious ones) is that they will tell you they will settle the debt for a certain sum, but on your credit report they will put long paragraphs saying "Settled but for Less Than the Original Amount". Mortgage companies and creditors hate that statement. You have to make sure that the only statement it will show is "Settled or Paid" and that is it. Your lawyer was right. These people are weasels.