Thanks for your support!
I offered to settle with FDR by making four more payments, for a total of 52 payments of a 33 payment contract, thus paying an amount equal to my original debt.
FDR countered by offering me a “Settlement Agreement, General Release and Acknowledgement of Confidentiality.” I will try to summarize.
Settlement Agreement - Our contract is terminated when I sign this agreement. FDR will send me $566.60. The money I have in FDR’s ‘bank’ was not mentioned and is more than $566.60. Did they plan to keep this money? This settlement would leave me owing half my original debt.
General Release - I may not participate in any claims against FDR.
Acknowledgement of Confidentiality - I may not communicate the terms of this agreement or any dissatisfaction with FDR to any persons or agencies in any manner. I must send a list to all persons or agencies to whom I have complained and I must let these persons or agencies know that FDR and I have parted ‘amicably.’
FDR advised me to consult an attorney before signing this agreement. Like I can afford one. When I do consult an attorney about FDR, it will not be over this agreement.
I believe FDR thinks I’m an idiot just because I signed with them. But I was duped!