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  1. #1
    Join Date
    Apr 2012
    Posts
    1

    Default How to Pay Off a Debt Settlement

    My question involves collection proceedings in the State of: Ohio

    I'm helping my girlfriend get some of her bad financial history settled. She has two accounts that have been sent to collections, and we're looking to get them paid off with her own money.

    We have bargained for offers that are much lower than she initially owed - but I wanted to get a legal perspective before sending a check off to the debt owners. I hear it's good practice to have them sign a 'Pay for Delete Agreement' and keep a copy of the payment that was sent.

    Basically, how can we have legal security and peace of mind when we send payment in? How can we be sure the money will be received, and the collections taken off of her credit report? Any advice surrounding this topic would be sincerely appreciated.

  2. #2
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Debt Collections

    Request a fax of the terms they agree to prior to sending payment.

  3. #3
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: How to Pay Off a Debt Settlement

    If you want to be sure you can document the terms of your agreement, make sure you have a written, signed commitment from the lender to the terms of the settlement prior to paying.

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