<BLOCKQUOTE><font size="1" face=" Arial, Verdana, Helvetica">quote:</font><HR>Originally posted by ckwu:
Regarding the last message, we reside in California.<HR></BLOCKQUOTE>
My response:
Yes, you can settle the debt. You will be obligated to pay the principle amount of the debt, plus interest, plus attorney's fees, plus costs. It's all listed in the complaint.
Since the creditor is represented by an attorney, you must only communicate with the attorney's office.
Make sure you receive a "Release of All Claims" form (usually typed), and a Request for Dismissal With Prejudice form (a court form), signed and dated by opposing counsel.
You will, undoubtedly, be required to pay the debt by Certified Cashier's check, or some other secured form of payment - not by personal check.
It would be a wise decision to have all of these forms, once received, reviewed by an attorney. It might cost you an extra $50.00, but it's money well spent to keep you safe, and to make sure the opposing attorney isn't trying to pull any "fast ones" on you.
IAAL
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