Original creditor offered to settle, through CA, $
Original creditor offered to settle, through CA, $5200 private student loan debt for $1350. I know the tax implications. They sent me a letter saying the balance will be "adjusted" to zero and I will not owe anything on the account. I want to make sure that if I pay the $1350, they do not sell the balance to a debt buyer. What language should be included in their offer letter to ensure this will not happen/I will be protected? Thanks in advance.