sent ck for agreed amount for settlement, written on ck was paid in full ck was cashed now they want more?

Question

managment agreed to the cash settlement. , amount now want ed by card co, is t he interest and late fees

Answer 1

Do you have a written agreement stating the mutually agreed upon amount? If not, you may have a hard time with this. Where did you right paid in full on the check, on the front or back? If you wrote it on the back by the signature line, something along the lines of by signing for and cashing this check you are agreeing that the account is paid in full, then you have nothing to worry about. If you did not do anything like this, again you may have a hard time fighting this. Credit companies are famous for this type of stuff and unfortunately they get away with it everyday. Ask to speak with the manager to try and get somewhere with this. If this does not work, ask to speak with someone higher up and keep doing this until there is no one else to speak with. Other than that the only other options that I could think of would be to contact an attorney, but that may cost more than the amount that they are claiming you still owe. Good luck and I truly wish the best for you.
PS: Keep the above ideas in mind in the future. Always get a settlement in writing before paying. Write on the back of the check something along the lines of "by cashing this check you are agreeing the account is paid in full".

Answer 2

I have heard of that happening before where you pay a amount and think its settled but the balance get bought out by another credit agency and they try to collect the balance. Contact the creditor where you made the settlement from and ask them to send you a letter in writting that the pay off settled the debt. Hopefully you will get results from that. In the future always get it in writting first as they are slick and will try this crap!

Answer 3

Far too many folks think that writing "paid in full" on their check gives them a legal right to claim that the account was paid in full. In reality, it holds no legal standing.

At the time of the agreement, you should have obtained documentation signed by the management of the firm indicating that they would accept your payment as full settlement of the debt.

You are now in a position of "he said, she said". It's your word against theirs, and they have proof that you incurred the debt. Do you have proof that they agreed to settle for less ?

Answer 4

Havent u got the settlement letter/deed.
That is must for a settlement,