The debt collection lawsuit against you has been settled — what does that mean for you?
First of all — congratulations! It means the case will be over.
Second, it means that the debt collector must dismiss the lawsuit against you with prejudice — this simply means the case will be over.
Third, you will not be paying any money to the debt collector.
Fourth, the debt collector will agree to remove its credit reporting from your credit report.
Fifth, you will agree not to sue the debt collector.
The next step will be to talk about the actual settlement agreement which formalizes the settlement but just know that the fact your case is settled is a great thing and you will be able to put this all behind you.
We hope you find this and the other posts in this series helpful and if we can help you, feel free to call us at 205-879-2447 or click on the red button below and we’ll get right with you.