A refusal by a creditor to accept a debtor's offer to pay cash in settlement of his or her debt

Question

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Refusing a debtor's offer to pay cash in settlement of a debt does not discharge the debt, renew it, or bar legal action. However, it may excuse the debtor from future interest payments because the creditor's refusal to accept payment can be seen as a refusal to the terms of repayment, potentially affecting the accrual of further interest.

A Refusal by a Creditor to Accept a Debtor's Offer