Legal Question in Credit and Debt Law in Maine
Good faith partial payment
Is it possible, when attempting to recover from debt, to cut down on calls from a credit card company by sending them a partial payment which would show your good faith to completely pay the debt once your hardship time is over? Would a partial payment stop a credit card company from taking further legal steps against you? Does the credit card company, by accepting a partial payment, now enter into a contract?
Asked on 6/20/02, 1:08 am
1 Answer from Attorneys
William McLeod
McLeod Law Offices, PC
Re: Good faith partial payment
The answer to all of your questions is no.
Answered on 6/24/02, 9:55 am