Quote Originally Posted by BigBear View Post
MB888, that brings up another question. Can I do a settlement on a debt, then the company sell the "left over" debt to a different company and then I'm responsible for that too?....
No. Settlement or arbitration is a debt reduction where you and the CA agreed on a reduced balance as payment in full.

A lot of CAs will try to trick you to pay part of the debt on the phone as 'debt settlement.' Do not pay over the phone based on verbal agreement. Do not sent any payment unless you see it in writing that it will be your final payment as the debt is settled.