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you have to contact the collections agency and they will advise you from there where to go and what to do next If the collection agency will not make arrangements, then call the lender that held the credit card--just by chance, they may open an account with the old balance if you can convince them that you can pay now. Talk to a supervisor--fax them proof of your old situation and see what happens. Good Luck

2006-09-05 17:37:10
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Q: How do you start making regular payments on a credit card again if it has already gone to collections?
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Related Questions

Can a credit card come send you to collections if you are making a payment?

They can do whatever they want if you are behind, but it would be weird for them to pursue collections if you are making REGULAR payments. Call the credit card company and make arrangements.


Which company is this with telephone number 072052499?

First Gulf Bank Collections department - Credit Card Payments


How do you establish credit for the first time?

The best way to establish credit is to start with a secured card. With a secured credit card, your regular payments will be reported to the credit bureaus.


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No. Once a person is being threatened by a collection agency, there is a high liklihood that the damage to the credit report is already done - a chargeoff or collections transline will already be in your credit report. Having a payment plan merely gets the debt paid and on-time payments are usually NOT reported (however, if you miss a payment, that company can and will send a negative tradeline to further damage your credit reputation).


What does a credit agency do?

The credit agency records all your major transactions relating to your credit cards, loans as well as some information on your salary, overdrafts and regular payments. It then comes up with a score based on your disposable income, your commitments, frequency of missed payments etc.


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Collections on account refer to money collected from customers who have already received goods/services on credit. Hence, the double entry is: Dr Cash Cr Accounts receivable


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As long as one is not behind on their mortgage payments, one should not effect the other. If one hasn't been making payments they will likely not be accepted for a credit card.


How do you get business credit?

Business credit - is usually granted by being swift with payments for goods or services. Once a business sees a pattern of regular, prompt payments - they can consider you a 'safe risk' for a line od credit. Once granted - you should use the credit wisely. Never let the 'grace' period expire - as it will affect your credit score.


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Debt Consolidation. Google that term.


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Can an account be sent to collections if you are making monthly payments?

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Collections can be disputed to the credit bureaus using the Fair Credit Reporting Act. The credit bureaus have 30 days to verify the listing or the listing must be removed from your credit report.


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Lexington and concord causes?

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Why can a credit card company lower your credit limit without your consent?

The CC Company may have seen an increase risk when they saw on an updated credit report/score. It could be a late payments, collections or any other derogatory item on your credit report that triggered it. The CC have the power to limit or increase your credit limit to lower their liability.


What might you expect to find out about people who are described as credit risks?

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What's the best car dealership in Lexington, KY?

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