If anyone could help me--or point me in the right direction it would be a great relief.
Basically, I had a credit card with Chase bank--it went delinquent.
They turned it over to a company called Mann Bracken (they're in Atlanta, GA).
Mann Bracken filed with the National Arbitration Forum.
Mann Bracken sent me a letter stating I could settle for up to 75% of the balance owed.
I called them, spoke with a rep--they told me I could still settle...
The rep also stated they would send me a letter to show the credit bureau that I settled and they would send it to the National Arbitration Forum as well.
I express mailed (via USPS) a check to them, they received it.
On both the front and back of the check I wrote that once the check was cashed that my acct# would be settled.
On 10-18-06 they cashed the check.
Today on 11-14-06 I get a letter in the mail from the National Arbitration Forum stating that the claimant (Chase Bank/Mann Bracken) would be awarded--that they can sue me for the full amount.
Can they legally do this since they cashed a check which had "settled" written on it?
The worst part is that Chase is my employer--I got into debt before they hired me, and well, they don't even pay me enough that I can pay off all my credit card/student loan debt in full, but that's another long aggravating story...
I don't have the money to get a lawyer because I'm currently making settlement payments on another credit card.. I've already filed a complaint with the BBB and FTC, but they are not responding back to me. I really need to know what to do!
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