accord and satifaction info

[haybelly]

hey Kristin
I used to post before under and different user, couldn't remeber it so i made a new one up, you said you had the same name as I, but I don't remember if we spell it the same. So I wrote it like mine. I remember reading some good posts on accord and satisfaction and what states uphold the law on it. I think they all have to now, if I remember right. Could you link me to some of those discussions? I don't need the letter, just the info on laws and the how to go about it. I have decided after using a cell phone that never works in the areas I seem to travel I am going to try to settle this using an A$S. Also on Providian who is seemingly going bankrupt and jacked up my interst rates to 29% because of their financial troubles.
Thanks
Kristin

[admin]

Kristin,

I don't remember the discussions about that. You can still do a search on the old board to try and find them. If you give me more details on what you are looking for, I'll try to dig them up.

[haybelly]

hmmmm
I thought it was information regarding the states that accepted A&S settlements and what reasons a person could use and A&S. I swear it was on this website. I'll keep digging.

[calawyer]

I remember these postings too. Seems to me that someone had advice about restrictive endorsements on checks (ie. states wherwe you could endorse a check for a disputed debt with "paid in full" and thereby extinguish any remaining debt).

[admin]

OK, NOW I know what you are talking about:

Here is the link:
http://www.creditinfocenter.com/forms/sampleletter3.shtml

[haybelly]

yes, thats the letter, but I do have that, its the information that went with it I need,the list of states that accept an A&S and then there was a partial list of states that would accept it under certain stipulations. But thanks for all your help, I KNOW it was here, it was a couple of postings that someone posted on using an A&S.

[Anonymous]

I think it's only California.

[Anonymous]

I wrote my own story in my profile concerning my enormous debt & lay-off & wanting to avoid the counselling services, etc.
Before you consider anything first, PLEASE talk to your creditors first before it is too late, you will be surprised with what you can accomplish by negotiating yourself.
When you reach a repayment schedule, I cannot stress it enough to get it in writing & keep it secured.
It does take time doing it yourself with phone calls & letters, but in my situation, it paid off for me.
The most valuable lesson I learned from this is not to abuse credit, even though it is so easy to in this day & age with the world changing so rapidly.
Thank You.

[admin]

Bob,

Thanks for sharing your story. I'm sorry about your mom. My mom died of cancer, so I understand something of your situation.