question about bounced checks

[karrieh]

i recently posted a topic about this but have a different question..

if a collection is for a bounced check, is there a way to pay the original creditor and not pay the fees for a coleection agency?

i recently found after getting my credit report that i had some collection accounts that i didnt know of. it was from 1999, when my ex and i were still married. i need to get these off my report as hubby and i are trying to buy a house.(he is navy and has to go overseasto japan for the next 2 years alone)

I called to see about paying for delete and they wanted 2 x's the price of the check. it is not my check it is my ex husbands, but i needed it off.

Anyways thanks so much in advance for any advice

[Methuss]

You can always pay the original creditor directly. There is no legal requirement for you to even speak with a debt collector, much less pay them.

Just write on the check a restricted endorsement stating that it is settlement in full; that any collection activity will be recalled; and that any credit reporting shall be listed as "paid".

If they cash it, they agree to it*.

*Except in California where they can write "under protest" on the check and nullify the restricted endorsement.

[karrieh]

so do i contact the original creditor or is there a letter i need to send ?

thanks for the reply

karrie

[Methuss]

The best way to handle it is to send a letter to the OC stating you would like to settle the matter for $x on the condition that they recall any/all collection activity. Let them know you would like a reply within 10 days.

Wait 10 days then mail the restricted endorsement check along with another copy of the letter and a cover letter stating that you accept their silence as acceptance of the terms and that cashing the check will officially seal the transaction as agreed in your first letter. Also write on the cover letter that if they do not agree to the terms, they must return the check without cashing it along with their explination for declining payment.