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  1. #1
    Join Date
    Aug 2008
    Posts
    1

    Default Can a Settled Debt Be Fought After the Fact?

    My question involves collection proceedings in the State of: PA

    My husband had a problem with a vehicle loan in 1999 or 2000. Eventually the vehicle was voluntarily turned in to the dealer (small mom and pop car dealership). He had never received any documentation from that point regarding any additional monies owed once the vehicle got resold. A collection account appeared on the credit report in 2004 for thousands of dollars. We had requested all the creditor information (price the vehicle sold for, etc.) from the collector but never received any of the information we requested. Unfortunately, we were required to settle with the debt collector for a couple thousand dollars in order to purchase our home a year and a half ago. My question is this...Is it possible to legally pursue these matters once the debt is "settled"?
    Thanks for your input.

  2. #2
    Join Date
    Jul 2008
    Posts
    853

    Default Re: Can a Settled Debt Be Fought After the Fact?

    When you pay, it is essentially an admission that you owe the amount they are demanding. It would be VERY difficult to win anything at this point.

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