i have a collection,s willing to settle with me(gempac,ge money,lowes account)for a greatly reduced amount from 4100 to 1500.i told them that i wanted the agreement in writing and faxed to me so that i could read it and they said that they would be willing to do that.any suggestion,s as how this should read before i accept the deal.they want 500 deposited in an account so they can do a withdraw and then the other two five hundred dollar payment,s could be made at a lowe,s store and then they would consider the matter payed in full and closed.i have a checking acct. that i was going to close (i have five and thats to many)so i thought i would use this acct. and then cancel it after the deal was done.so i was wanting to know how this agreement should read and what to look for.they sounded like i could even get them to take less if i couldn,t come up with 1500 so it said id have to see how much money that i could raise.thanks.
