JuniorNY Posted May 6, 2007 Report Share Posted May 6, 2007 I have some new accounts that are in the hands of a collection agency ($30 & $200). I sent them a PFD letter which has not been responded to. These accounts are brand new, so DV is out of the question. Could I possibly send them a check and a contingency letter CMRRR. Stating that grounds of them cashing the check is that they delete?? Seeing the payment front and center may give them incentive to delete, and if not, I have a copy of that letter and the green slip to send to the CRA's. Somewhat of a long shot, what do the veterans think? Link to comment Share on other sites More sharing options...
onthedot Posted May 6, 2007 Report Share Posted May 6, 2007 I've read in other posts that the CA will likely just cross out the verbiage on the back of the check, sign it, and take the money. It seems you really must have a seperate agreement, not try to do it on the back of a check. BTW, it is also suggested you also do not pay with a check from your own account, but rather with a money order or something that can't identify your account info to the CA. Link to comment Share on other sites More sharing options...
JuniorNY Posted May 6, 2007 Author Report Share Posted May 6, 2007 I've read in other posts that the CA will likely just cross out the verbiage on the back of the check, sign it, and take the money. It seems you really must have a seperate agreement, not try to do it on the back of a check. BTW, it is also suggested you also do not pay with a check from your own account, but rather with a money order or something that can't identify your account info to the CA.Wow that's good to know, that never crossed my mind. Would they have a tendency to share that info? Link to comment Share on other sites More sharing options...
hiblues Posted May 6, 2007 Report Share Posted May 6, 2007 Search Restrictive Endorsements on this site.Most states don't allow them. Link to comment Share on other sites More sharing options...
divemedic Posted May 6, 2007 Report Share Posted May 6, 2007 What you are trying to do is called Restrictive Endorsement. It can be tricky to do correctly, and some states do not allow them.It doesn't matter how new the account is, you should ALWAYS send DV. If you do not, you lose important rights. Link to comment Share on other sites More sharing options...
willingtocope Posted May 6, 2007 Report Share Posted May 6, 2007 I have some new accounts that are in the hands of a collection agency ($30 & $200).If by "in the hands", what you mean is the OC still owns it and the CA has just been hired to hassle you...call the OC and arrange to pay them directly. Your credit reports will be marked "Paid in full" and the CAs will have to get lost. Link to comment Share on other sites More sharing options...
divemedic Posted May 6, 2007 Report Share Posted May 6, 2007 Actually, this can still get you a "paid collection" if you pay any account after it goes to collection, no matter who you pay. Link to comment Share on other sites More sharing options...
willingtocope Posted May 6, 2007 Report Share Posted May 6, 2007 Actually, this can still get you a "paid collection" if you pay any account after it goes to collection, no matter who you pay.True. What I meant to add was negotiate with the OC to recall it from the CA and show it as "Paid in full" on your reports. While OC's don't normally do PFD, they may cooperate with this approach in order to get their money.If, on the phone, they seem to be not inclined, put it in a letter, CMRRR, to someone higher up in the company. That way, should it ever go to court, you'll have proof you tried to pay. Link to comment Share on other sites More sharing options...
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