I decided to throw it to my lawyer and get him to draft a letter to them offering $2,000 to settle the debt in my name and report everything as paid up and closed with a bunch of conditions attached...
* They will consider the debt as paid in full
* The account will be closed in good standing
* They can't/won't sell, give away, trade or otherwise collect any remaining debt from me
* They can't report the debt at any time in the future
* They can't/won't 1099 me for the difference forgiven
* They will report the new positive status of the account to all 3 credit reporting agencies removing any negative record.
See if they bite
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