I opened an account for a friend so he was able to get electric in his home. Not knowing (living 300 miles away.) The bill was never paid. Next thing I notice is a collection on my credit. I of course contacted the creditor to settle the debt owed but I would like it deleted off of my credit because I was never notified of the debt prior to it being added to my credit. They agreed. But when I asked them if they could just put that in writing they said they do not have anything they could send me saying that they will delete the negative item on my credit. So I sent them the check saying "Payment for full credit deletion." in the Memo, and on the back below the signature line. I put "Endorser agree's to full credit record deletion in exchange for payment in full."
Now is this legally binding? It was discussed and agreed upon by both parties but being they had nothing they could send me in writing there endorsement should be proof enough.. Right? Also, please keep in mind it is for payment in full. I am not attempting to make an offer in bad faith by sending them a lesser amount that what is owed. I just want to know where I stand legally in the event they decide to back off on there deal and do not make the deletion as agreed.
Any advice would be most helpful...
Regards,
James M.
Mastic, New York
Now is this legally binding? It was discussed and agreed upon by both parties but being they had nothing they could send me in writing there endorsement should be proof enough.. Right? Also, please keep in mind it is for payment in full. I am not attempting to make an offer in bad faith by sending them a lesser amount that what is owed. I just want to know where I stand legally in the event they decide to back off on there deal and do not make the deletion as agreed.
Any advice would be most helpful...
Regards,
James M.
Mastic, New York
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