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Satisfaction and release is the formal paperwork stating that a consumer has paid the full amount owed under a court judgment. A satisfaction and release proves that they have paid their debt and prevents creditors from trying to recover more money from them.
DFAS processes debts when individuals are no longer paid by the Defense Department. These out-of-service debts can arise from overpayments, erroneous payments, debts resulting from use of Defense Department facilities or services or prior debts owed to the Defense Department.
If your financial profile and net worth disqualifies you for a compromise, one of your options is to negotiate a repayment agreement with the Treasurys BFS. After carefully reviewing your financial situation, we can negotiate a reasonable repayment agreement with the Treasurys BFS.
Cash Repayment. The term cash repayment encompasses payments by personal check, money order, or another negotiable instrument. The DCO must record the collection on a DoD (DD) Form 1131, Cash Collection Voucher.
The FDCPA prohibits debt collection companies from using abusive, unfair, or deceptive practices to collect debts from you. The FDCPA covers the collection of debts that are primarily for personal, family, or household purposes.
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