I appreciate the help I've gotten here so far. I've written an initial settlement offer letter for one agency (basicly offering to settle 25%). Realizing it will take a while to hear back from them, what happens if they agree? In other words how am I assured the debt is actually settled as far as the original creditor goes. I know CA's buy debts for cheap rates, but I also know when I was trying to talk to Bank of America before that they had pulled back my debt at one point (I guess after a previous CA didn't get anything) and sent it to another one...
