If they cash them early they are in violation of the Fair Debt Collections Practices Act. Ten years ago right out of school I got behind in loans and defaulted.
I worked with a collection agency to get back to clean status, and they required me (or at least talked me into) submitting a couple of post dated checks to get things rolling.
The Answer: My first question for you: Why do you want to close it so badly?
I can tell you generically that closing this account will not help your score.
State: Georgia I got a call from my landlord today complaining that my rent check was post dated, and that I needed to send a new one ASAP.
I have done so, but my confusion is that she said that post dating a check is illegal.
Banks do not look at the dates and will and can run them through early.
When you give a post dated check to someone for a purchase, it is considered a debt as they have extended you credit. Post dating a check IS legal, but it does NOT prohibit the recipient from cashing it.
You can post date a chk, but you are taking your chances.
And no, it's no longer a defense to the principle amount and the INF fees to say, "Well, it was postdated!
" Sorry, Charlie, but you'd be on the hook for those fees. Secondly, "mailing" a payment on a bill is a "convenience".
They honored their promise not to cash until the proper date, but it was a nervous few months, since I really didn't know if theyd wait.
On the other side, I can also say I have had post dated checks cashed early.