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Legal obligation of paying a bill

Sent to Legal Experts March 7 2005 at 4:37 AM
   

If you pay a bill and "paid in full" is written on the check and that check is accepted and cashed are your legal obligations to that party complete? This is a credit card debt. Paid in full was presented on the check it was to pay off a balance but there apparently were interest applied to card before payment was posted. Since the check has been accepted and payment applied are my legal obligations fulfilled?

Customer (name blocked for privacy)
Status:  Closed   Value: $5
Answer
March 7 2005 at 4:40 AM (3 minutes and 38 seconds later)
         
ACCEPTEDCheck Mark

Marking "paid in full" on a check does NOT obligate the creditor to consider the bill paid in full. In this situation, if additional interest accrued prior to the application of the payment, in all likelihood you are still obligated for that amount. The only exception would be if there were some knid of misapplication by the creditor. For example, they applied the payment to the wrong account initially and corrected it later but charged interest in the interim.

jon@jonacpa.com 



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Info Request
March 7 2005 at 12:40 PM (7 hours and 59 minutes and 26 seconds later)
         

Greetings:

Were you aware of the interest amount? Did they send you a statement advising you of same?....or, did you talk to a representative concerning the payment wherein they stated as long as you pay a certain amount then it's considered paid in full?

Please let me know.

Thank you.

Bright Blessings.

Peace, Love & Happiness,

The Mystic Wave



New Age/Metaphysical Practitioner, Gifted Psychic/Spiritualist/Empath (Tarot/Numerology/Dreams/Herbal Healing, etc.)
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The Mystic Wave -- Paralegal -- 100% Positive Feedback on 258 Legal Accepts
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