Not a "mutual release", just a release on the part of the plaintiff. You should not give up any potential claims for violations of any consumer protection statutes, such as the FDCPA. Also, get your credit report. As part of the settlement agreement, whoever reported the account to the credit reporting agencies should promise to request the removal of all negative credit info relating to the account.
Richard Scott Lysle Debt Collection Attorney
Posted about 14 years ago.
Not a "mutual release", just a release on the part of the plaintiff. You should not give up any potential claims for violations of any consumer protection statutes, such as the FDCPA. Also, get your credit report. As part of the settlement agreement, whoever reported the account to the credit reporting agencies should promise to request the removal of all negative credit info relating to the account.