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Can I use my credit card after I pay off the collections agency?
No. Once it is sent to a collection agency the company has closed the credit card.
Is it possible to go outside the country even if you have an unpaid credit card account?
Unpaid credit cards won't effect your ability to travel. If left unpaid, they will be charged off and likely assigned or sold to a collections agency. The collections agency will continue to attempt collections, and your credit will be impacted negatively for seven years.
Should payment be sent to the credit card company or the collection agency?
If you have a collection agency working for the credit card company then it is them you need to make payments too as it is now too late to pay the credit card company. They have sold the debt to the collection company and you will have to pay any charges on top of the debt now also. Try not to let it get that far in future, but that's easier said than done.
If had unpaid debt for credit card and car loans in Texas how long until the statute of limitations apply?
First thing you can not go to jail for your debt. It's in the constitution the U.S has no debter prison. The unpaid bills will be on your credit report for at least 8 years. Traditionally every 8 years the information on your credit report resets. This information doesn't completely reset, information from say seven years past will still be there. The stuff that has been sent to collections will sometimes be there. Bankruptcy stays on your credit for ten years. When you lose a home, you are buying stays on there for ten years.The way most credit card companies handle what you owe them, they sell to a collection agency. This is called a [charge off], the agency buys your bill from the credit card company. It is bought pennies on the dollar. Then it is the collection agency's job to collect from you. The collection agency can and will usually get a judgment against you. Judgments can expire, but it can be renewed through the court every several years before the judgment expires. The car loans fall into the same pattern.
If a credit card does a charge-off and sends it to a collection agency can the original creditor still try to collect?
yes
Can a credit card company or debt collection agency sue you for an unpaid debt if you no longer live in the country where the debt was incurred?
Yes
How long do unpaid credit cards stay on your credit report in NY state?
Technically seven to ten years. When a credit card goes into default it gets written off on the creditors taxes as a loss and gets sold to a collection agency for 10 to 20 percent of the original loss. Down the line it gets sold from collection agency to collection agency.
Can I use my credit card after I pay off the collections agency?
No. Once it is sent to a collection agency the company has closed the credit card.
Can a credit card company issue a summons for unpaid debt or can a credit card company retain services of an attorney and sue for unpaid debt?
sure they can but they cant collect or that is what happens in texas they can get an injunction against you but that means you have to pay them but not when Absolutely. You own them the money and they can hire an attorney or sell the debt to a collection agency.
If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?
No the collection will not be removed from the credit report. They will show it paid in full.
Can a credit card company or debt collection agency sue you for an unpaid debt if you no longer live in the state where the debt was incurred?
Yes. Moving does not eliminate your legal obligations. If you could, you would not be able to use a credit card outside the state you live in.
Is your husband responsible for your credit card debt in ill if it is at a collection agency?
If his name is not on the card,(He did not sign for the card) Then NO! And credit cards are unsecured loans.
Is it possible to go outside the country even if you have an unpaid credit card account?
Unpaid credit cards won't effect your ability to travel. If left unpaid, they will be charged off and likely assigned or sold to a collections agency. The collections agency will continue to attempt collections, and your credit will be impacted negatively for seven years.
FDCPA in Florida protect home from credit card collection agency?
How much can a credit card collector do with a lien on your property in Fl
Can a credit card debt that was charged off and sold to a collection agency be reported on your credit report?
Yes.
If a Credit card company wrote off the debt and took a tax credit 4 full unpaid debt what legal rights does the credit card have in transferring rights to a collection agency?
Credit card companies win whether you paid or not. They write-off the credit card debt at the end of the year on their taxes, they also hedge their burden for increase risk by having insurance so they recover some of your losses from your default and they can sell their uncollectable debt to a third party (collection agencies). What rights do you have? The Fair Debt Collections Act. Your debt is with the original creditor (Credit Card Company) and not the collection agency any money you pay should be to the original creditor.
Can a collection agency file a judgment on you for credit card debt in Texas?
Yes, a collection agency can file a judgment against you for credit card debt in Texas if you fail to repay the debt. This could result in wage garnishment or liens on your property. It's important to address the debt or negotiate a repayment plan to avoid legal action.
