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You gave a company your credit card as proof of id and they took money without permission?


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Wiki User
2010-04-05 20:15:17
2010-04-05 20:15:17

My guess is that company was a collection agency? Never give anyone your bank info, or credit card info. If the company was a legitimate company you were doing business with and you did not authorize payment dispute the charge with your credit card company.

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Without their permission: theft, and possibly fraud (if using debit/credit cards etc.) With permission: lots of fun.

Not unless the creditor has a judgment order and executes it as a bank levy.

A credit repair company shouldn't be able to hurt your credit score, but you may end up paying money without any improvement in your credit score either. To ensure your credit repair company is reputable search the BBB website to see what reports, if any, exist on the company.

Legally, in most cases, yes. Ethically, no, not without permission.

Yes, it is a scam. Reports are abundant of them overcharging, charging your credit card without permission, failing to cancel, and on and on. Do not send them any money or personal info.

I can tell your probaly a teen, the same as i am. I would try to hold yourself together and not blow your credit card bill to a high price Using a credit card without permission is an illegal act. The best course of action is to explain what you have done to the credit cards owner as soon as you can. If they check their balance before you admit your act then the credit card company may start legal action which will be hard to stop. If you admit your act then the owner of the card maybe able to come to an agreement with you about paying back the money or working to repay your debit to them. Grit your teeth appologise and confess all.

A debit card takes money directly from your account. A credit card takes the money from the credit card company, and the credit card company will bill you in monthly installments until you pay them back (plus interest). A debit card is like paying in cash, without actually having the cash on you. A credit card is similar to taking a small loan.

Stealing money is taking someone else's money without permission and it is a well known crime.

One can no longer apply for an Egg money credit card. The company was sold to Barclaycard in early 2011. One can apply for a Barclaycard credit card at the company website.

You have 60 days to file a dispute with the credit card company. Call the company who owes you money and tell them they have 48 hours to refund your money or you will do a "chargeback." Companies hate that word because it is like a bounced check, they get charged a $25 fee (varies from state to state). If they do not refund your money, call your credit card company and tell them you want to dispute a charge on your credit account.

It depends. If:you have a monthly loan repayment agreement with the company wherein the company automatically deducts your monthly payments from your savings account oryou have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the company reg. the sameThen, the company can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise the company cannot deduct any money from your account without intimating you.

Credit cards borrow money, so if you've used the card, then you owe the company that money back.

No, you don't have to pay large amounts of money to get good credit. The way to get good credit is to not overspend and pay bills on time. If your credit is already bad, paying money to a credit repair company only benefits the credit repair company. They will do very little for you. Repairing bad credit takes time, just like it took time to make the credit bad.

Its a fee the credit card company charges you yearly for using their money

No. No money means you can not pay for it . A credit card is a loan from a bank with a high interest rate.

If it isn't on your credit report, the credit card company still has hopes of you paying it off. When they see that isn't going to happen, you can bet your butt that it WILL be on your credit report.

Generally, no, unless you cancel the transaction after the fact. If you have made a payment to the credit card company and cancel after the time the transaction was made, yes, the credit card company may take money out of your checking/savings account. If you made some mistake when using your credit card which resulted in a fee or finance charge, the credit card company may put that amount on your credit card bill but may not take the amount out of your checking/savings account unless you specifically ask them to. If you have automatic payments set up, the credit card company may honor those instructions until you send them a WRITTEN request to change the setup. Most card companies allow you to bypass the written component and change automatic payments online.

the credit card company sends people to get their money i would want to pay them.

because nfcu takes your money without permission

how to get rid of the money that you owe from collection agency without paying them and become good credit again

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