Has anybody ever tried sending a restrictively endorsed letter with a payment to settle an account ("...your acceptance of the check signifies that the account is paid in full and that you'll delete all derogatory items...)? I'd like to hear what everybody's opinions are on this.
Re: restrictively endorsed let It works in some states, however, many have changed the law to prevent this from being effective. The Carreon And Associates website has state specific information on this. I believe it is www.carreonandassociates.com