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Settlement letter


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Posted by K (65.129.36.251) on July 29, 2002 at 17:19:54:

I received a settlement letter from my XYZ credit card company. It shows the amout we talked about, & how it will be reported to the reporting agencys ( settled in full account with a zero balance)I know, I know

The next line reads: future account activity that results in a credit balance will become the property of XYZ credit card company

What does this mean?


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