If you are going to try a PFD, the first thing you need to make sure of is if the your state's and the CA's state laws honor restrictive endorsements.
You can find this by looking at the U.C.C. to make sure.
Here is a sample letter:
(this is one that I used for an OC. The CA was reporting but the debt was only assigned.....so I wanted to pay the OC and make sure they didn't send the payment to the CA - otherwise the CA could report it as paid and I would've had a harder time getting a delete)
*Just be sure to modify it to fit your situation
Date
Your name
Your addy
OC Name
OC Addy
Re: Acct # xxxxxxxxxxxx
To Whom It May Concern:
I am sending this payment via certified mail #xxxx xxxx xxxx xxxx xxxx to ensure that you receive it.
Enclosed please find personal check #xxxx from < your name > in the amount of $xxx.xx made payable to OC.
By cashing this check OC agrees to the following terms:
1. Acct # xxxxxxxxx is considered paid in full.
2. Remittance is payable ONLY to OC and may not be signed over or transferred to < CA name > or any third party collection agency.
3. The debt will be recalled from < CA name > and any collection activity will cease and desist.
If these terms are agreeable to the aforementioned parties, please accept the enclosed check in the amount of $xxx.xx.
Please note that cashing the enclosed check will bind you to the terms set forth in this letter.
Best Regards,
Your name
*Then on the back of the check under the endorsement area, I put "For Deposit Only to the Account of OC" (That way they cannot transfer the payment to the CA)
Staple the check to the letter and make a photo copy.
This way you have solid proof that if they received that check, they received the letter as well.
Once the check has cleared, give it about 10 days. If you haven't heard anything from them or your TL hasn't been deleted......then you need to contact them and find out why it hasn't been removed yet.
I still plan on posting a thread on this with a little more info on restrictive endorsements. Sorry it has taken me so long. I've just been super busy lately.
Hope that helps.
