docwebster ([personal profile] docwebster) wrote2008-02-25 04:31 pm

Quick question

If a given person is trying to pay a secured debt in full in verifiable good faith and the company to whom the debt is owed seems to be actively trying to not get paid, what does that do to the debt?

[identity profile] audacian.livejournal.com 2008-02-25 10:39 pm (UTC)(link)
Huh. That sounds rather stupid. :) I'm inclined to say I would conveniently forget about it if there were no late fees or penalties involved, but when they realize their error that might mean you end up in collections and that isn't worth it. Maybe call your Attorney General's office?

a catch:

[identity profile] http://users.livejournal.com/_duncan/ 2008-02-26 03:49 am (UTC)(link)
Secured. If secured with cash I'd call the "debt" a withdrawl. If secured with property it sounds like a lawsuit waiting to happen.