Legal Question in Credit and Debt Law in Florida

collection on debt

Hi, my husband and I have agreed with an collection agancey to settle for 65%of the orginal bill. The company had agreed to send a statement say that the bill would be paid in full, but now the bill we have recieved says nothing about the settlement. They said after we make a payment then they could send us a statement saying it was paid in full. Should we make a payment and write paid in full or what should we do?


Asked on 1/22/07, 6:34 pm

1 Answer from Attorneys
Elizabeth Powell ELizabeth Powell PS Inc

Re: collection on debt

You need to write a cover letter when you send your payment to them that fully expresses your intent mutual intent that this be the final settlement of the outstanding bill.

"Enclosed please find a cashier's check Number XXXX in the amount of $XXX.00 which represents the full amount you agreed to take in settlement of this outstanding bill. We would appreciate a receipt that indicates that you will cease your collection work entirely upon receipt of this payment."

Write on the check, "Paid in full".

But save a copy of that letter.

Hope this helps - Powell

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Answered on 1/22/07, 11:20 pm


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