i haven't really come across anything like this before, but as i'm just now able to catch up on some accounts, i was looking at the various statements of my one account that says i owe a MUCH lower amount than what is really owed. my question: did i just strike gold and have to only pay the posted amount? (two zero's were left off the end.) or is this just considered a typo and still must owe the correct amount? i'm really curious
Please clarify a few details: where was this "posted" amount? On the actual statement, or a credit report, billing statement? Two missing zeros could be a lot of money, I would presume this is a "typo", and legally you would owe the correct amount. Unless...is this a court filing?
the amount was on a statement less than 30 days old. it is a collection acct. and not a court filing.
Well then, if the notice says anything about "paying the full amount" I would send the check immediately, (with a copy of the statement, NOT the original), and include a letter stating "this payment satisfies this debt in full per terms of your notice, and your cashing of enclosed check will construe your acceptance of satisfaction". So, you may have struck gold. As a try, I would include a request for deletion also!
oh yea, its mine. its a credit card. it will be a full month i've had it on the 28th. i've since received another statement, with correct amount, dated about a week after i received this one. i know, why did i wait this long? well i'm just now opening up a stack of bills because i now have some $ coming in. i will send a check tom. with the copy and a letter. i'm wondering how much a typo would hold up in court if it went that far? **it states that the "Amount of Debt as of March 26, 2007: $XX.XX". this is written at the top
i've typed up a letter, and used the sample payment by deletion letter. tell me what you think.... Dear Sir or Madam: This letter is to payoff the above account. This payment satisfies this debt in full per terms of your notice, and your cashing of enclosed check will construe your acceptance of satisfaction. It is not to be construed as an acknowledgment of my liability for this debt in any form. I will pay your company the amount of $XX.XX as full settlement of this account in exchange for a full deletion of all references regarding this account from my credit profile and full satisfaction of the debt. Furthermore the debt will be deleted from my credit profile at all three credit bureaus, or the bureaus your company regularly reports to in the course of doing business. Thank You. I look forward to resolving this matter in the best interest for both of our parties. scoobydude
Could be a tough battle now with the second "corrected" notice. Sounds like they use an Excel based program that the format did not pick up the two "00"s. I'm sure you'll be getting a bill for the balance. This type of typo would not hold up in court, especially if the second notice "restarted the clock for the 30 day window of response".
thanks for all the responses. i'm going to send it today and see what happens. obviously they aren't going to give in like that, so i'm throwing it on the wall and see if it sticks.
I had the same issue with our mailing service. We had letters go out for $1.00 instead of $1,100.00 or something similiar. We sent corrected second notices, with the 30 day dispute notice, which our attorney's advised would correct the balance issue with the first notice and the incorrect amount.
