What is the name of your state? Alabama
For several years now I've been trying to clear up my credit. I've got several old debts from a few years ago that I've tried to get removed. One is not my debt, but my wife's medical bills (only a few hundred). The other isn't fully accurate.
Let me set the stage for my question.
Back a year a so ago, I did some work on a building where when I got paid, I went to the bank to get a bank draw from the construction loan of the company doing the construction. On the back of the check that I cashed stated that all work had been completed and that there would not be any liens file against the property.
I thought this similar type of method might work well for credit collection accounts. So, I drafted a statement to be printed on the back of my check.
Here is the statement:
" By endorsing and depositing these monies, you (company name) agree that this debt is paid in full. You further agree, to remove all derogatory statements and he like from all credit repositories, (Experian, Equifax and Trans Union), and further agree t never report this debt in any manner to these agencies. You also agree to give e a full release from any and all future claims, judgments and liens and the like. X_________________ DO NOT ENDORSE BELOW THIS LINE"
I did this because I didn't want these accounts to reflect even worse negativity when I paid them off. So I sent this to two different companies, one a collection company and one the original creditor. BOTH deposited the funds and didn't respond to the statement on the back of the check. Both had the opportunity to return the funds without depositing them.
My opinion is that this was a contract between me and the party cashing it. It was just like these companies who send checks in the mail signing up for certain services. I have copies of the canceled checks.
Since finding out that they cashed the checks and didn't return them, I have sent copies to the credit agencies and haven't heard anything yet. It's too early to tell at this point.
I've also contacted one of the creditors and they say it wasn't a settlement, even though the back of check says it is paid in full.
I've contacted an attorney and am waiting to hear back from them if I have a case for breach of contract and defamation of credit. The two different companies I've done this with is in Texas and Colorado.
QUESTION: What do you think about this? And Do you think I will succeed in getting it removed from my credit report? What steps, if any should I take?
QUESTION: If I decide to pursue this with an attorney, will I have to get an attorney in the state where the debt occurred, or is in collection? Example one attorney in Colorado and the other in Texas? Or can I use an attorney in Alabama, where I currently reside.
Thanks,
Blake
For several years now I've been trying to clear up my credit. I've got several old debts from a few years ago that I've tried to get removed. One is not my debt, but my wife's medical bills (only a few hundred). The other isn't fully accurate.
Let me set the stage for my question.
Back a year a so ago, I did some work on a building where when I got paid, I went to the bank to get a bank draw from the construction loan of the company doing the construction. On the back of the check that I cashed stated that all work had been completed and that there would not be any liens file against the property.
I thought this similar type of method might work well for credit collection accounts. So, I drafted a statement to be printed on the back of my check.
Here is the statement:
" By endorsing and depositing these monies, you (company name) agree that this debt is paid in full. You further agree, to remove all derogatory statements and he like from all credit repositories, (Experian, Equifax and Trans Union), and further agree t never report this debt in any manner to these agencies. You also agree to give e a full release from any and all future claims, judgments and liens and the like. X_________________ DO NOT ENDORSE BELOW THIS LINE"
I did this because I didn't want these accounts to reflect even worse negativity when I paid them off. So I sent this to two different companies, one a collection company and one the original creditor. BOTH deposited the funds and didn't respond to the statement on the back of the check. Both had the opportunity to return the funds without depositing them.
My opinion is that this was a contract between me and the party cashing it. It was just like these companies who send checks in the mail signing up for certain services. I have copies of the canceled checks.
Since finding out that they cashed the checks and didn't return them, I have sent copies to the credit agencies and haven't heard anything yet. It's too early to tell at this point.
I've also contacted one of the creditors and they say it wasn't a settlement, even though the back of check says it is paid in full.
I've contacted an attorney and am waiting to hear back from them if I have a case for breach of contract and defamation of credit. The two different companies I've done this with is in Texas and Colorado.
QUESTION: What do you think about this? And Do you think I will succeed in getting it removed from my credit report? What steps, if any should I take?
QUESTION: If I decide to pursue this with an attorney, will I have to get an attorney in the state where the debt occurred, or is in collection? Example one attorney in Colorado and the other in Texas? Or can I use an attorney in Alabama, where I currently reside.
Thanks,
Blake