I have been negotiating a settlement with American Express and Nationwide Credit. They have sent me a fax in writing confirming the settlement amounts. I'm a little suspicious of agreeing since it is not signed and came to me by fax. Should I believe that the offer is accepted and that they will not be able to come after me for more after this?
A signed fax is a legal document in all US jurisdictions, to my knowledge. (Readers, please chime in below if you know otherwise.)
If the creditor sends you an unsigned document it may not be considered a contract, but instead may be considered an offer or counter-offer. I do not have the document you are referring to in front of me, so it is impossible for me to observe whether you have an offer or acceptance from the creditor.
Consult with an attorney in your state who has experience in contracts or consumer law. He or she will be able to review the document and opine accordingly.
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