Credit Reporting Language
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Posted by Hoppy
(68.52.155.174) on December 12, 2003 at 16:02:41:
I am in negotiations with a creditor and they have offered an 80% payment settlement which I don't have a problem with. My question is this. I am asking them to report the file "Paid" or "Paid as agreed". They are refusing and saying that they won't report it that way unless I pay the full amount. With the settlement, they will report it as negotiated-settled I believe. Is it worth it to pay the extra money(about $900) to get it listed paid as agreed or should I just settle it and not worry about thier proposed language. I have a lawyer who is negotiating with their lawyer but he is as clueless as I am on the language.
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