Re: settlement questions for ladynred
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Posted by LadynRed
(199.91.33.254) on April 25, 2003 at 11:11:46:
In Reply to: settlement questions for ladynred posted by TX resident on April 25, 2003 at 10:57:44:
Settled in full is still a nasty negative on your credit report. The ONLY way to stop the remaining balance of a settlement from being re-sold is to get a 1099-C from MBNA, and make it an absolute no-negotiation item in your settlement agreement. The only thing a letter from MBNA is going to get you is something else to send to the next CA who gets the un-settled balance. If you're lucky you can deflect them with it.
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