Debt Negotiation Advice

What do I write on the check for final payment in settlement of a debt?

I am working with a collection agency to settle a debt. I agreed to two payments. Before I send the final payment, what should I write on the check? "Paid in full," "payment 2 of 2 for settlement of account 12345," or is there some other legal statement that I can use to show the agreed upon amount was paid in full to settle the debt?

Public Comments

1. cashing of this check constitutes complete and full payment on account number # make sure you send a letter to the credit agency stating that your account is paid in full so they will take the outstanding debt off your credit report. good luck! p.s. you can get one free copy of your credit report a year. a good thing to do just to make sure everything is the way it is supposed to be.
2. "Paid in Full" will do. Or "final payment per settlement agreement".
3. No write Payment In Full
4. You've covered everything with the notation of "Paid in full", the payment number and the account number. You can also add a notation to the back of the check stating "By cashing this check X Company accepts this amount as payment in full"
5. In the memo on the check write Payment In Full and if it's cashed it's viewed as being cleared of ALL debt.
6. If you are sending a personal ck, you may want to put the account num and the Paid in Full, or you can send a bank ck that has a little bit more ground if ever you need to go to court. The other thing is for you to request a letter from the company that the debt has been paid, or in a couple of weeks you can contact the original debtor and obtain a paid in full letter from them.