PAYMENT INSTRUCTIONS

by krista
(north carolina)

If "Final Payment" is written in the memo line of a check and a company cashes that check is the company liable to go along with it being the final payment since they cashed check.

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Mar 05, 2012
 PAYMENT INSTRUCTIONS
by: Debtcollectionanswers

If you still owe the company money, it's entitled to pursue you for those funds even if it cashes the check with the Final Payment notation on it. You do not get to decide how much of what you owe you will pay. When you incur a debt, you are legally obligated to pay all of it unless you make other arrangements with the creditor.
Feb 24, 2015
 Collection agency or creditor cashing your check
by: Christine

I have been told the opposite. If a debt collector cashes your check that is accompanied by a letter stating this is your "final record?" and an offering of settlement in full, he is in effect agreeing to this settlement.

Reply from DebtCollectionAnswers.com:

Unfortunately that doesn't always work.

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