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Will CAs settle?


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If you're trying to settle for less than the amount owed, make sure you know who you're dealing with. It's been said a million times but worth remembering, "CA's LIE."

You'll think you're settling for less than the amount owed only to find yourself being hounded by another CA for the remaining balance at some point down the road.

Any and all agreements should be made between you and the creditor ... period. If the CA objects to a settlement where the creditor signs the agreement, they probably were not assigned the right to negotiate a lesser amount in the first place...even though they will claim they do. Be careful.

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