Re: Revoke vs. Settlement

Posted by Steven on February 09, 2002 at 21:23:22:

In Reply to: Re: Revoke vs. Settlement posted by Linda on February 09, 2002 at 02:17:33:

The company is Fleet Master Card and yes, it's still with them, not a collection agency. They claim they mark their settled accounts as 'Paid, Zero Balance' and is not treated as a charge-off. How can they sell the unpaid balance to a collection agency if the agreement is in writing, notarized and signed. Wouldn't they be opening themselves up to a breach of contract or something like that? How do you get to someone in an official capacity, not just the phone people?

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