Legal Question in Credit and Debt Law in Virginia

Settle vs Paid in Full

I have a sister who is serving in Kuwait. I am her POA. Recently, I received mail from a credit card company stating she owes $3100. My sister says she didn�t charge $3100. I know it is because she did not make the payments on time and all together just stop paying because she didn't have the money. They say if I gave them $1600, the debt would be settled. Should I pay it and if I pay it will this look bad on the already bad credit report I'm trying to clean up? Is settling good?


Asked on 12/27/06, 8:17 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Settle vs Paid in Full

Before making any such offer of settlementof a debt(for which your sister now apparently denys responsibility), you should request written verification from the credit card company that this particular debt is in fact legitimately owed----by your sister.

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Answered on 12/27/06, 8:26 pm


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