Legal Question in Credit and Debt Law in New Jersey

Collection Agency

If a company uses a collection agency to collect a debt and the agency settles for 60% of the total debt are you still responsible to the original company for the balance?


Asked on 4/24/09, 8:34 am

1 Answer from Attorneys

Re: Collection Agency

No, but get the settlement in full satisfaction and accord in writing FIRST.

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Answered on 4/24/09, 11:23 am


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