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Thank You! Debt Eliminated. Buy?

Date: Thu, 10/18/2012 - 15:03

Submitted by jonesfamily206
on Thu, 10/18/2012 - 15:03

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Total Replies: 4


I have a payday lender that has cancelled my debt and has agreed to offer me payment for my overpayment. They sent me a simple agreement to sign stating what they would pay and when. One condition in the agreement mentions that their local law applies for the repayment. Is this anything that I should be concerned about.

Based on what I have learned in the forum I know not to deposit any check into my account letting them know my new account number.


Any help offered on my next step is appreciated.


I am sure someone with more knowledge will be by to lend a helping hand, but if it were me, I'd forget the refund and not sign anything. But that's just me!
Or, I wouldn't put the check in my bank. I'd find a way to just cash it. So it's not linked to any bank account. I think at Walmart you can cash a check.

But wait for someone who knows for sure. I wouldn't sign anything til someone more knowledgable answers you


lrhall41

Submitted by Scene7take77 on Thu, 10/18/2012 - 17:17

( Posts: 64 | Credits: )


i'm with steve here.for one the term is refund,not repay.i think they want you to sign another form regarding "governing law"sorry but i wouldn't sign it.


lrhall41

Submitted by paulmergel on Fri, 10/19/2012 - 05:47

( Posts: 15514 | Credits: )