application of payment
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Posted by life (67.41.122.178) on February 06, 2003 at 21:49:26:
I sent a certified return reciept letter stating that I required a payment history and per Section 810 of the FDCPA they are required to apply my payments to the accounts I specify. Previously they have applied payment to an older account. Now they are brow beating about the interest. I specified that each payment go to a specific account and be applied to principal before interest. Quote from their response: ... We will apply the payments to principal and/ or interest as we choose... Is this legal?
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