settlement balance

If you settle the dues with the CA, I don't think it will sell off the same dues to some other CA.

Anna have you read this forum at all???? This happens all the time.

You can stop them from doing this but you can safeguard yourself. Make sure before you settle you get a settlement offer letter. Then, pay your settlement with a check or bank money order. Payment must match the letter. Once everything is paid, make a copy of the paid check or order a copy of the paid money order (A money order receipt is NOT proof that the debt has been paid.) Staple together and put in a safe place. If the CA sells off your remaining debt, you have concrete proof that you have settled the matter.

its also imperative that the payment is on time.

Underscore on both prior posts. Quality records must be kept for years. And a late settlement payment may not only void the deal but also be applied as a normal payment that only reduces the balance.

Hey soaplady how do you get a copy of money order. When I get them
at walmart they only give you a reciept. What did you mean by proof
of payment, is that sending payment CMRR or is their something different. I was also wondering what do you do if they credit the settlement payment as just a regular payment and keep calling you for
more money. Can you resend settlement letter informing them "paid in
full" Thanks from Forrest. :)

ALWAYS make sure, when settling, that your letter states that this settles the account and no further collection attempts can be made. This can be worded in a lot of ways but make sure the language is in there!