What is the name of your state? Pennsylvania
A collection agency in Texas has contacted me to settle a $603 credit card debt. I am willing to make payments of $50 or more per month, which they have agreed to but they want me to send them eleven (11) post-dated checks by Friday this week (12-9-2006). I am totally uncomfortable with sending post-dated checks because if they decide to present them to my bank anyway, they will immediately receive $603 that I do not currently have to spare ... thanks to the fact that I have many other bills to pay at the same time.
Question: should I believe them when they tell me they promise not to cash these checks until their dates? Or should I insist that I will send the checks monthly until the debt is paid in full?