which state laws apply I live in California and have bad debt in Missouri and Illinois, so which state laws do I need to follow?? Also, some of the ca and in different states all together, does this change anything??
You yourself don't need to follow any laws. Creditors/their collection goons from Missouri and Illinois have to comply with California laws if they decide to go after you, assuming they know that you now live here in California.
Thanks so much. Do you know anything about a legal loophole in California? I read about it on another web-site, but am not sure how authentic it is..... Basically, it says if I send the company a letter stating that I disagree with the total amount due and beleive I only owe them blank amount, I can them send them a check for that amount as long as I have written on it "By accepting this check you agree that my devt is paid in full. When you cash this check you agree I no longer owe you any money" Those weren't the exact words (would have to find the web-site agan to know for sure). It seems a little too good to be true.....
Only certain states accept the Accord and Satisfaction clause. Also, the particular words that would need to be wrote on the check, are on the endorsement line on the back of the check, they would need to say something to the affect of, "Resitricted Satisfaction". Though you would need to check with your state to see if they allow for such.
