I Sent a Bank Draft Check for the amount of $387.56 as settlement in Full in which Cross Country Bank cashed as accepting this as a settlement in full.
I got a letter saying after their company cashed the check, I owe them another $329.76 in which they will continue to add late fees on to it..
Is this a rip off or what???
According to law if a company cashes a check that has settlement in Full with a letter attached. This would mean this debt has been accepted as settled in full.
So where do they get off adding or making up their own rules. Also, before sending a check to them I recieved a letter one day then another 3 days later with an increase of $70. How is this possible? What can a credit consumer do to protect themselves from a Huge company like this.
SOMETHING needs to be done. So they can't mess up peoples future/credit reports and lives.
Michael
Fredericksburg, Virginia
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