[creditorcards]

The creditor in my case has accepted the settlement offer for my debt. I read somewhere on here (and elsewhere) that you should request documentation like "Debt Paid in Full" and things like it won't be sold to another collector. Isn't there also something you should write on the back of the check like "...accord and satisfaction for the debt..." to prevent any further litigation? Can I use a cashier's check for this amount or should I (deposit &) draw off of my bank account?

[vialna]

i would not give them my checking info ever...i would do a cashiers check...BUT NOT UNTIL U HAVE REC. THE SETTLEMENT IN HAND...have it set up that you will have 10 days from recipt of sttlmt to sign and send back with check...they should sign in advance .. make sure everything u want in it is in it before u sign...make a couple of copies for your self...and yes...you should put in there to the effect...that upon receipt of this settlemnt and payment, this debt is paid in full, cannot be sold, transferred, bought, by anyone else., all neg. tradelines will show paid as agreed. since u have made a new contract(settlement) and u are paying as agreed....and paid in full....thats what i would do....also on the back of the check i write by accepting this paymnet this money settles this debt in full......