Re: insisting Postdated checks

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Posted by george on June 28, 2001 at 07:29:26:

In Reply to: insisting Postdated checks posted by Lisa on June 25, 2001 at 10:18:47:

It is NOT a good idea to pay another persons debt via your own checking account or from a deduction from your paycheck. In many states after a period as short as 6 months you have now ASSUMED the debt! IF you want to help some one..buy them a money order and send that money order to the agency or collector . That way the origonal defulter will be at risk of default and not you.Becouse you married him chances are high that you inherited his past debts ( as you would have if he had assets). But this depends on many states laws. Check with an attorney in your state as many post dated check schems can cause you alot of problems!

: Hi,
: When my fiance' and I met, he was in debt for his truck payment, which had been referred to a collection agency. Over two years ago, I called them (with his permission) and set up a payment plan. Since he did not have a checking account, we would deposit his paychecks in my account and I would make a payment out of my checking account.
: For two years, we have made a full monthly payment. I'm not saying they were all on time, but we never missed a payment.
: Now, because our payments have been late (not missed) the collection agency is pushing me to give them a postdated check out of my account for them to draw on for the next six months. If I don't, they will "discontinue our monthly payment option."
: I'm uncomfortable with this. Do I have to do this?

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: It is NOT a good idea to pay another persons debt via your own checking account or from a deduction from your paycheck. In many states after a period as short as 6 months you have now ASSUMED the debt! IF you want to help some one..buy them a money order and send that money order to the agency or collector . That way the origonal defulter will be at risk of default and not you.Becouse you married him chances are high that you inherited his past debts ( as you would have if he had assets). But this depends on many states laws. Check with an attorney in your state as many post dated check schems can cause you alot of problems! : : Hi, : : When my fiance' and I met, he was in debt for his truck payment, which had been referred to a collection agency. Over two years ago, I called them (with his permission) and set up a payment plan. Since he did not have a checking account, we would deposit his paychecks in my account and I would make a payment out of my checking account. : : For two years, we have made a full monthly payment. I'm not saying they were all on time, but we never missed a payment. : : Now, because our payments have been late (not missed) the collection agency is pushing me to give them a postdated check out of my account for them to draw on for the next six months. If I don't, they will "discontinue our monthly payment option." : : I'm uncomfortable with this. Do I have to do this?

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