Back in Nov 2008 an attorneys office froze our bank acct. My husband had an old CC that apparently wasn't pd. Every time he would get something in the mail from various CA's we would tell them he didn't owe anyone. The acct kept going from CA to CA.
We "assumed" it went away until the bank acct got frozen. Long story short, after many phone calls and a promise from us to make payments,( 50. per month) ( we couldn't afford the settlement offer for 1 time payment) and they agreed we would only have to pay the current balance of 2,995., we agreed but we wanted in writing. Gave us the song and dance we can get anything in writing until we "pay" the down payment. We pd 300. down right away and it still took them 30 days to unfreeze our bank acct and yup they would never give us in writing the settlement agreement.
Everytime we'd call and request it and threaten to stop paying, they threatened to freeze the bank acct again. We've been paying this ON time every month since Nov 2008, it's almost pd off now and we're just not sure how to handle just sending the last payment. SHould we just sent it w/ a letter saying this is last payment as per our conversation? This doesn't even show up on his credit report at all. Our fear is that when we stop paying they are going to say now they want more for interest since we dont have anything in writing. Any thoughts, suggestions, help. Sorry the post was so long 
thanks so much
Edit: tried to make it a little easier to read. --Rev Also moving it to Rebuilding forum
Have you considered going up to the bank in person to demand the letter? If I were you, I would move your deposits to another bank or CU so that they can't use that as leverage against you anymore. Do not tell them you are moving your accounts. Once they are moved, give them the ultimatum...the settlement letter or default. Good luck!
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13!