Legal Question in Credit and Debt Law in Texas

Partial payments

Is it true that in texas that if you make a partial payment on an account and that company returns that payment to you that the account is now considered ''paid in full''?


Asked on 2/03/07, 10:27 am

2 Answers from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: Partial payments

That's an urban myth, and totally false.

The only payment a creditor is obligated by law to accept is a payment of the full amount due.

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Answered on 2/04/07, 2:06 pm
James Grissom Law Office of James P. Grissom

Re: Partial payments

No.

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Answered on 2/03/07, 1:59 pm


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