answersLogoWhite

0


Best Answer

Credit card Default-level Interest is a terrible thing. The Defaulted account interest rate can sometimes climb to over 25%. The reason your amount owed is so much higher than you remember is due to this increased interest rate, as well as various collection agecy fees that are often assessed. Most debt-management agencies can get that extra interest reduced/removed and lower the current interest rate. To avoid this in the future - pay your bills on time and make/stick to a budget.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: You owe a Capital One credit card from 2002 you just received a letter from a collection agency you suppose it is and the amount has more than doubled you only owed about 1200 and this bill says 4199?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the capital of chad that is located in south America?

um i am sorry about this question it was suppose to be what is the country in south america that has the capital Bogota. and the answer is Colombia


What are the ratings and certificates for Just Suppose - 1926?

Just Suppose - 1926 is rated/received certificates of: USA:Passed (National Board of Review)


What is Portugal's most popular tourist destination?

i suppose lisbon because it is the capital of portugal


What are the ratings and certificates for Just Suppose - 1948?

Just Suppose - 1948 is rated/received certificates of: USA:Approved USA:Passed (National Board of Review)


How do you find tip amounts?

The easiest is 20% Suppose the bill is $23.75 10% is $2.37 (decimal moved one place to the left) 20% is $2.37 doubled, or $4.74


Is the main town in Denmark Dannevirke?

I suppose you mean the capital city, and no. I don't know what Dannevirke is, never heard of it. The capital city of Denmark is Copenhagen.


What is laith in aribic?

Number 1 its arabic.Also Laith is suppose to have a capital letter.Laith in arabic is lion.


What country did the American colonies belong to before the American Revolutionary War?

Since the American colonies were not a united entity, they did not have a capital. I suppose the closest thing to that would be London, the capital of the British empire.


What are the ratings and certificates for Love Ain't Suppose to Hurt 2 The Wedding - 2009 V?

Love Ain't Suppose to Hurt 2 The Wedding - 2009 V is rated/received certificates of: USA:PG


Suppose the sphere below with radius r has a surface area equal to 50 units2 Find the surface area of the sphere with twice the radius?

The surface area of the sphere with the radius doubled is 200 units2.---> Confirmed


Will a collection agency or the original creditor accept monthly payments to pay off a debt that is in collections?

Most of the time a collection agency will accept 2-3 equal payments to pay off the balance.As of right now no they will not accept payment and will not work with consumer credit counciling programs. Once it has went to collections, you are not suppose to contact the original debtor. It confusses the situation. You aren't suppose to contact the original creditor once it goes into collections but the Collection agency will accept payments. They are happy to get any money they can. (they get 50% of what they collect)I used a collection agency for a tenant who wouldn't pay for months who I had to evict(went to court) and I received a couple of small payments until the person ran away and hid again. Both the collection agency and I were glad to get any money possible. Unfortunatly, this will show up on your credit report whether you pay or not........... But it is ALWAYS better to pay if in your future creditors eyes (fico score)


If I received a graduation announcement from someone I do not know. . is this a scam?

If they want money from you, or personal info, I suppose it could be. If you don't know them, just throw it out.