help! I read about restrictive endorsement and decided to try myluck on 3 old collection acct/co. I live in Calif so I was allsettto send the 15 day notice required but ack! they arenot in calif..does this matter?? and has anyone had any luck with restrictive endorsement versus settlement..cuz I have had noluck with settlements thanks for any advice!
F.Y.I. I have seen in the "FINE PRINT" for credit cards...we do NOT accept payments with restrictive endorsements. We will REFUSE the payment and you are subject to a "BOUNCED CHECK FEE"...If we actually accept the payment, we are NOT bound by any of the endorcements. OR SOME SUCH WORDS...
This site has the complete instructions with form letters to accomplish your purpose. http://www.carreonandassociates.com/sampleletters.htm
