Re: Will Credit Cards Settle for less than the balance?

Posted by Karen (69.19.175.139) on July 03, 2004 at 12:14:29:

In Reply to: Re: Will Credit Cards Settle for less than the balance? posted by LadynRed on July 03, 2004 at 09:50:23:

Where do you think the "money " came from? Call and ask the Federal Reserve Bank in Washington DC your self. They will tell you everything I said is true. But don't look for their phone number under Government listings in the phone book becouse they are not part of the government! Do you honestly belive that when you signed a cc note, they deposit that amount of money in to an account with your name and it sits there? Then the merchant goes to the bank with your signed credit payment and the teller goes into "Your Account" takes out the money and gives it to the merchant. No way do we have that much US dollars in the US just sitting around.

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