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Checks' Binding Contract Question/Clarification

CaliforniaCollections

Hello Scoot, Just read your article on: https://www.levelset.com/blog/beware-checks-payment-in-full-memo-mechanics-lien-rights/ I came up with an idea like 15 years ago after a bad credit history. I fixed this issue and never tried it. Recently I found myself loosing my business to COVID-19 and I remember what I had though of 15 years ago. I just went from 750 FICO to 560 FICO. My idea is simple. I made a custom rubber stamp 2.5" x 2.5" to stamp on the back of my personal and business checks (for seperate/different debts). The stamp states the following: This check is a binding contract. By cashing this check you agree to new terms & conditions as follows: You agree that my account is Paid in Full and balance is $0. You agree to stop all collection attempts. You agree to notify the original creditor and all collection agencies the account status as Paid in Full. You agree to report to all credit bureaus my account status as "Paid or Close Account/Zero Balance" or any similar status-code showing "Account Paid in Full & Current". You agree to not follow up with any financial, criminal, or civil legal proceeding. MY QUESTION IS IF THIS IS REALLY A LEGALLY BINDING CONTRACT and creditors, collectors, and credit bureaus will have to abide by it??? MY REQUEST is: DON'T SHARE this question online because I am currently going to use this method and if it becomes "popular" then it will be hard for me to try this method and collectors not noticing the stamp on back of my checks. Truly appreciate it, Anonymous from Califrnia

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