Legal Question in Credit and Debt Law in Illinois

Credit Law

Can a creditor reopen a settled

account if I have paid off the agreed

settlement and have a letter to prove it ?


Asked on 6/09/09, 8:34 am

1 Answer from Attorneys
Adam S. Tracy Securities Compliance Group Ltd

Re: Credit Law

No, they cannot, provided there was a valid agreement to settle. There are many ways to challenge this, the first being via the Fair Debt Collection Practices Act. There are a number of moving parts here. Feel free to email me: [email protected]

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Answered on 6/09/09, 10:16 pm


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