NIna sounds like a CA

Posted by J Kelly (68.163.2.72) on August 02, 2004 at 11:53:30:

In Reply to: Re: what is jedgent proof posted by NIna on August 02, 2004 at 04:07:07:

This question comes up a lot. I printed out Why Chat's response the last time the question was asked.

Why Chat said" (in response to something computerguy said)

It is TRUE that IF a new contract is legally formed to consilidate an old debt it WILL start the SOL again. For instance, if yuou enter int a settlement agreement with a CA, and it comprises of an offer and acceptance in writing, and the agreement does NOT specify the disposition of the unpaid balance, since a CA cannot legally issue a 1099, the balance can be sold to another CA, and THAT balance has a new starting date, dating from the settlement agreement.

If you send a letter to a CA, and in it you offer to pay $25.00 a month for 2 years to pay off a debt, and if the CA responds in writing, signed, that he accepts your offer, THEN if you pay 25.00 with a restrictive endorsment on the back of the check,stating it is in payment of the accepted offer, it is a LEGAL CONTRACT.

You cannot have a legal contract without BOTH parties agreeing to the terms, in writing.

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