My question involves collection proceedings in the State of: Minnestota
I have a friend who is trying to settle a debt with a collection agency regarding a credit card balance that was charged off. I believe the original limit on the card was around $2500 and the debt is a few years old but still within the statute of limitations, and they are saying the debt is now at about $8000
She believes that the they will settle for around $3000 but I have read things that the agency can agree to settle, cash your check and still sue you for the difference in many states (she lives in Minnesota) as long as they write "under protest or without prejudice" on the back of the check when they cash it.
How can she make sure that the settlement offer is in full and they agree to waive the right to further sue her after this? I hate to think that they can just write that and come after her anyways, what is even the point of settling then ?
Thanks
Johnny

