I just received a letter from the billing dept of my health care
provider warning me that I was three months overdue on a bill. I must
regularly visit my MD every 4 months and for the past 20 years I have
paid anything that the insurance did not cover at that time. This was
the typical collection letter warning me that if I did nt take care of
it soon it would be turned over to a collection agency, blah blah
blah....moe blah and threats. Bill was for $0.05 USD
I worked as a teller in a commercial bank many years ago. One of my
responsibilties was processing the payments for the Safe Deposit
My manager made me mail back a check that was 10 cents short of the
Postage at the time was 15 cents.
I remember a problem someone had many years ago. He was constantly being
dunned for $0.00, with threatening letters arriving regularly and unable to
get it solved over the phone. He mailed a check for $0.00 with the letter
and asked for a receipt. He got his receipt and the threats stopped.
You are absolutely RIGHT! The computer systems hate credits
especially when they can't be applied to an open item. It will cost
them a ton to straighten it out.
The real problem here though is a computer system that was programmed
by a stupid committee. The system should be setup to write off
anything under a couple of dollars since the price of collection far
exceeds the amount that could be collected. Even if collected, the
cost of applying and processing the payment is greather than the
Its typically done with fractions of cents. Buddy works for a major
broker and they end up with a fantastically large pot each day because
of the sheer volume they do and they had at least one person use a
method to siphon some of it.
I have heard that in some places if you get a traffic ticket what you
do is pay the ticket but add
a few dollars more. Later they will send you a check to cover the
amount you over paid.
If you do not cash that check then the case remains open and the
traffic charge never gets applied
to your record.
Cite please...or at least give us the name of some of those "some
places" you mentioned.
While snopes doesn't debunk it completely, they sure cast doubts on
The state of IL owed me $74.99 for overpayment of taxes. They sent me
a check for $75.00 which I cashed. I wonder if there will ever be a
day of reckoning as I showed $74.99 on my Federal income tax form as
the amount IL owed me.
Page 21 of the 1040 instructions states that you can round values to
the nearest dollar.
Check the instructions for the IL return.
Assuming that they adopted similar "rules" as the IRS, I doubt they
will come after you for the .01.
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