After settling a credit card debt, is it legal to collect remaining debt?
Full Question:
I settled a revolving line of credit back in 2003 with a collection agency for a lower amount then what was due to resolve the debt. On my credit report it states account settled. I just received a letter dated 04/09/07 from A Law office in CA that they are collecting on that very debt. it looks like it is for the remaining balance that would have been due if I had not settled my account. Is this legal? All my paperwork states the account has been settled. My credit report shows account settled with no balance due. I have even bought a house since all this has occured.
04/14/2007 |
Category: Debts and Credit |
State: Minnesota |
#3096
Answer:
Depends on the terms of the settlement and whether there was a default in the settlement terms. If you have something in writing and you complied with the terms, you should inform them and the attorney. Even if not in writing, if the agreement was verbal and you complied you should also contact them to determine why you are now being pursued. It could be a mistake on their part. You should attempt to document communications to them and follow up in writing.
