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Broken Agreement


variable66
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I took out a loan from Company A for 3000. One of the conditions for loan was to pay old chageoff of 1000.00 to Company B (sister company of A).

Company A gave me a check in both my name and Company B name for 1000.00 and advise me to try to settle for less so I can get money back from Company B. I did settle with Company B, they send me letter agreeing to accept 700.00 as payment in full. I send check for 1000.00 to Company B expecting to get 300.00 back since we had an agreement in writting to settle for 700.00. Well Company B decides to keep all 1000.00 and claims that I still have a balance.

What do you think? Should I go after Company B

Thanks for all your input

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Except that they claim he still has a balance. Did you get the settlement from company b in writing?

If you didn't, you just did 2 things.

1 you just got a new $3000 debt from company A

2 you just possibly reset the SOL on the debt to company B

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