nomorecringing
Junior Member
What is the name of your state? New York
Hi all. Just for background, I'm not interested in playing armchair lawyer with the one collection agency I am dealing with. I acknowledge the debt, no prob, it's mine. And I have been making monthly payments for 4 months now.
What is bothering me is the wording of the settlement stip they are strong-arming me to sign. They are asking me to waive "any and all offsets, defenses and/or counterclaims."
If I sign the settlement (which is otherwise non-objectionable), what is to prevent them going ahead and getting a judgment even though I am paying them on time? And further, is there anything that would prevent them executing on that judgment even though I am paying on time?
I really need the payment plan so I would like to be cooperative. I am just worried that if I sign away all my legal rights there will be no stopping whatever they want to do -- unless the court is vigilant in such matters. I intend to call the court before signing this as they have been very helpful in the past.
Advice please! TYVM
Hi all. Just for background, I'm not interested in playing armchair lawyer with the one collection agency I am dealing with. I acknowledge the debt, no prob, it's mine. And I have been making monthly payments for 4 months now.
What is bothering me is the wording of the settlement stip they are strong-arming me to sign. They are asking me to waive "any and all offsets, defenses and/or counterclaims."
If I sign the settlement (which is otherwise non-objectionable), what is to prevent them going ahead and getting a judgment even though I am paying them on time? And further, is there anything that would prevent them executing on that judgment even though I am paying on time?
I really need the payment plan so I would like to be cooperative. I am just worried that if I sign away all my legal rights there will be no stopping whatever they want to do -- unless the court is vigilant in such matters. I intend to call the court before signing this as they have been very helpful in the past.
Advice please! TYVM