a creditor and placing in the memo area "account paid in full" and the creditor redeems it. I have no further obligation to pay that account any longer. It sounds ligit. anyone knowledgeable about this?
2006-11-19 23:20:27 · 2 answers · asked by BONES 4 in Business & Finance ➔ Other - Business & Finance
As a former Corporation Tax examiner a case was challenged defendent won,any new precidents? no more debt owed to that corp.
2006-11-22 01:09:49 · update #1
lol, ah..............good luck with that
2006-11-19 23:39:36 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Look someone has misinformed you. Lets say you owe a creditor $1,000 and you have paid $100 and you put that in the descripiton, by law you are still in debt to the creditor for the balance. You try to pull this stunt and this creditor can make your life hard. Your credit will be ruined and it will be very hard for you to buy anything. Do not try this, it will not even work.
2006-11-20 07:25:41 · answer #2 · answered by Rooster 1972 5 · 0⤊ 1⤋