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charge off settlement


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Posted by Rose on December 09, 2001 at 18:03:54:

Hello,
WOuld you mind telling me what the procedure is for working with a creditor to settle a charge off? My bank has asked that I pay off the debt, but I do not have the $$. Also, can they legally put the debt back on my credit for another 7 years? It has been almost seven now.
Thanks for any help. I really appreciate it.


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