Quote:
Originally Posted by bossku69
With the note on the money order, that is not legal. You can not denote a contract on a cashiers check or money order like that, it would never hold up in court. it would be the same as me writing "you have to wash my car for 5 years" on a $5 bill that you cash in at WalMart.
Here is an easier plan, and you can walk away paying $0 for $100k in debt! just stop paying everything and walk away. change your phone number(s) and move and do not forward your address. do not apply for credit cards or a new job, cell phone or insurance for 7 years... 7 years later, you are 100% debt free and perfect credit  |
Accord in satisfaction - may want to look it up. Yes you can add a note to a check, money order, etc. and have it be legal if you do it right. They or anyone else can also just write paid under protest near where they sign it to void it. It also is held up in court all of the time.
As to your 7 year plan you would not come out with perfect credit. You would just have no derogatory credit in past 7 years, also no positive credit and forget about a credit history. That can and often is as bad as having a negative credit rating.