Hi all, I am brand new to this, so I may have many questions. My partner and I have decided to think about purchasing a house. I went through a divorce about 5 years ago and at that point we divided the debt. Of course not knowing anything, I took my ex at his word that he would pay for his portions. Everything that has been in my name and per the decree, I have paid on time and in some cases in full. In January 2005, Encore RMI contacted me to state that a credit card originally with First USA, now Chase, was charged off and they were looking to collect for their client. Long story short (I know too late to claim that) I contacted my ex and he set up payments. Of course after a year he stopped paying, so they contacted me again. Just recently I made a settlement offer (I wish I found this place prior to that though). May 30th, I paid 2600 in settlement. I received a fax letter from them today stating that "on 53006 we received and posted your payment in the amount of 2600. When the final payment clears, your settlement agreement will be satisfied. At that time we will close your account as settled in full and return it to our client." The check has cleared, I even sent them copies of the check, but they stated that they have to wait 30 days before they can release the case. At the time that they first contacted me, I contacted Chase/First USA and asked if I could deal with them instead of Encore. They informed that I could not, because it was turned over to them. So now what? The man I spoke with on the phone told me that I could take this letter and contact the CRA and have it removed from my reports. That if I waited for Chase to do it it may take months. Is this true? Because I settled, do I have to be concerned with someone coming back and trying to collect the balance? Thanks for sticking through this diatribe. I have further issues to deal with, so I will be back, but I will work on the length. Thanks to all.
