I was wondering, after getting some offers like this in the mail by CC companies and others, what would the legal implications, benefits something like this would have:
Sending a letter with a check attached to it, with wording along these lines: Collection Agency agrees to the follwing terms by cashing this check: it agrees to stop reporting acct #... to the CRAs and to consider this account PIF and fully satisfied, if collection agency does not agree with these terms do not cash check.
Chances are they will cash the check, how does that stand as dispute material, in a court of law, or as a way to get something deleted??? One would have to keep a copy of the letter with the check, just brainstorming...