I have a no pay on my credit file and it is making getting another mortgage difficult. If the C/A agrees to remove the derog ( and puts it is writing ) in exchange for me paying the debt, will the document be legally enforceable if they fail to remove the derog? BTW I live in Alberta, Canada. Thanks.
This is primaraly a US based board. I don't know my ass from a hole in the ground when it comes to canadian laws. Somone might be around later to help ya out though. Keep bumpin!
Hi Techman, Provided you agreement is worded properly I don't see any reason why it wouldn't be enforcable. Afterall a contract is a contract. Might not wanna take our word 4 it and fire off the question to an atty first. Good luck, let us know what happens.
Thanks Butch. A lawyer is firing off a letter to the O/C to try and get the issue resolved. If that fails I will get the CA to agree to dropping it in exchange for payment. They have already agreed to it but gee, I don't know why I have a hard time trusting them.
Techman, Go check out this Canadian Law Firm. http://www.duhaime.org/Duhaime&co/lawfirm.htm They specialize in contract law. Good luck. .
