Lawyers are ready to help during these stressful times. Schedule your consultation >

Resource Library

Free Online Legal Resources

Can A Settlement Be Negotiated With A Creditor For Less Than Owed?

Some collection agencies will agree to settle for far less than owed and then turn around and hire another collection agency to collect the difference. However, in Maine this is illegal. Once a creditor deposits or cashes a full payment check, even if she strikes out the words payment in full or writes, “I don’t agree” on the check, she can’t come after the balance.

Speak to an Experienced Creditors Rights Attorney Today

This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified creditors rights lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact an attorney in your area from our directory to discuss your specific legal situation.

Your Next Step:

Enter your location below to get connected with a qualified Creditors Rights attorney today.

Additional Creditors Rights Articles

Search LawInfo's Creditors Rights Resources

Creditors Rights Videos

Fair Credit Billing Act