Legal Question in Credit and Debt Law in California
Debt payoffs
Is the pay-off your debts for 40% to 60% reductions on credit card debts Legal?
Asked on 9/09/08, 1:55 pm
1 Answer from Attorneys
Stanley Moerbeek
The Law Offices of Stanley L Moerbeek
Re: Debt payoffs
Better read all of the small print very carefully. While the creditor may take less than the original demanded amount that doesn't necessarily mean that the adverse effect to your credit history will be remedied. People often find this out later.
Answered on 9/09/08, 2:24 pm
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