Has anyone ever tried or used this method? here's a link: http://www.faircreditmovement.org/index.html
Dec 31st I sent full payment to cc with Westcap's endorsement on the back. Jan 29th cc cashed it, I thought it worked but yesterday I got an invoice, they want Jan interest? I am going to check my CR and if it's not removed (had three late pays) then I guess I have to sue. If they have removed it from my report then I will just pay the extra interest and be happy. Will let you know what happens. Tuit
Please do, I'm wondering if this will work? I'm not doing anything yet until the court dates are set or we settle, then I will work on what I have remaining.
In theory it should. By cashing the check they agree to the new terms of the agreement, otherwise, the check is void and they must return it. I paid the invoice in full so they should not be charging for another months interest, just checked CR the lates are still there so I guess monday I will call and ask them to correct it to paid in full/never late. Hope they don't give me too much trouble, but I expect they will, nothing is ever easy. LOL Tuit
I would be interested in hearing about any success anyone has had using this method. Without naming names I have an account with a well known Delaware based cc company who are famous for their less than above board tactics.
For anyone interested in trying this with a Delaware based company. I did a little checking and see that Delaware is a state that allows the creditor to cash the check "under protest" thus negating the accord & satisfaction.
Is the Delaware CC Cap 1 or Providian? Please say yes. On the Accord and Satisfaction (Notice of Final Payment) letter there is a Demand for Deposit letter that can be sent before the other to meet certain states requirements. Charlie
Yes, ccb, but as that is a Delaware based bank the A & S probably would do you no good as they can void it and cash the check. Demand for Deposit not familar with this, what is it?
this is not my area of expertise... but I did read that if you mail the payment to the regular payment address (where it's automated) then the creditor has a defense. You have to send it somewhere someone will actually have the oppy to see and read the endorsement... I read.
CCB has an office in Boca Raton, FL. It is their correspondence department. The company is a subsidiary who services the CCB accounts. The companies name is Applied Card Systems. I am not sure what the address is. They also have a street address. It's in the Blue Lake office complex on Yamato Road in Boca Raton, FL. I'll try to find out, if I can't, I think you have enough info. to search online.
