Do I Still Owe A Debt If My Creditor Doesn't Accept American Money?

Question

I went to to a Credit Union to pay off a $750 balance on a personal note.

The woman said, "we don't take cash."

I said that they have to take cash because it states on the bills "This note is legal tender for ALL DEBTS, public and private."

She said they take checks or money orders, but not US dollars. I found that ludicrious and asked for the manager. He reiterated what the cashier said.

I asked for something in writing that states that I attempted to pay, but they don't take US dollars. He laughed and told me to come back with a money order.

Do I still owe the Credit Union since I attempted to repay a loan that was made in US dollars, but they refuse to accept payment in US dollars?

Answer 1

I think both you and the credit union are wrong. But bottom line... you took the loan.... you need to pay it off.

Can you be that self involved to think this was your way out of the obligation? You've got more problems than just getting a money order.

Answer 2

theoretically, if they refuse to take payment, no, you don't , however, you know they will just start hounding you at home and work forever if you don't. Just get a money order, and deduct the cost of the money order from the amount you pay, since this is in effect a fee for paying them. Attatch a statement that you are refusing to pay the few dollars because they refused to take cash.

Answer 3

Yes. I dont see whats so difficult about getting a money order. I think you are just trying to find a way out of it. But dont worry pretty soon your problems will all be solved. When the police show up at your door and arrest you. Pay your debt.

Answer 4

You know the answer to this, don't you? You still owe the debt, and you better go get a money order and pay it.

Answer 5

yes you still owe it.
This must not be a US creidt union.
Most will prefer cash to a check, but money order is the same as cash, really.
but yes. you still owe the debt and must pay ny their prescribed terms.