I have an old debt from Discover Student Loans. I am almost at the 7 year mark of it dropping off of my credit.
I received a refund check last month stating it was for "a credit based on the change to our interest capitalization practices." It also states- "due to a recent change in our practices regarding interest capitalization, a period of deferment or forbearance that is granted within 30 days of another period of deferment or forbearence will incur only one capitalization at the end of successive deferment or forbearance periods"
It ends stating that a refund may be considered taxable income.
I googled and it looks like they had a lawsuit for these items and I must have been a victim.
If I cash these am I acknowledging this debt? I am worried my time clock will start over.
Thanks!
Submitted August 28, 2017 at 10:39AM by itsasecrethaha11 http://ift.tt/2wM5ur0
