How to Avoid Problems with Special Wording on Checks
You probably never considered a check to be two-dimensional. It’s just a piece of paper, and all that matters is that the information is filled out on the face of the check, right?
Not so fast!
You need to watch out for special language that may appear on customer checks, for example:
“Paid in full”
“In full settlement”
“Full and final payment”
Don’t sign below the endorsement line unless you want to accept the check as a full settlement. Although you may be tempted to endorse the check and deposit it, if you’re owed $1000 and you only received half of the amount, you could cost yourself the outstanding balance.
Keeping your eyes open for funny language can help you avoid an unpleasant moment in your attorney’s office or in court, when you’re told, “You accidentally settled your debt for the amount you’ve already been paid.” You should consider meeting with a debt collection attorney in Michigan to discuss a collection strategy to fit your needs.
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Established in 1961 by John F. Muller, Sr., we continue to insist on total quality as the guiding principle of our business. We constantly review and update our procedures as we seek new ways of working for our clients.
We’ve tracked down overdue accounts, winning many settlements for our clients along the way. We handle your case with the professional attention it deserves and we’re well prepared to use all our options to collect your overdue debts.
Take the First Step! Our Attorneys for Debt Collection in Michigan Can Help You!
Is your case too complex to handle on your own? If you need help settling a debt owed to your business by a debtor in Michigan, contact an experienced attorney who handles debt collection in Michigan.
Let our experts handle all the work for you! Fill out the information form on our “Contact Us” page, or give us a call at 248-645-2440, to ask questions and figure out your next steps. Don’t let the money owed to you go away – get started today! We look forward to hearing from you.