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If the collection agency has the permission of the credit card company to act on their behalf you may be face with a law suite to acquire assets you have to satisfy the the debt as well as and the fees of the litigation, most cc cards have abertration clauses in them you may want to check.. It would be wise to seek a licensed general or civil attorney in your area on the laws as they do vary from state to state. I collected for a agency for 15 years as a American Express account handler. On large balances anything over 1500.00 we did go to litigation with it. What I would tell client/debtors is to make a written arrangement and send the first pay with it stated on the money order by us excepting the money order with reasonable terms it's became a binding agreement that you agree to and made in good faith (again the laws vary from state to state). Most like account resolved with in six month at the most. So that may mean for you tightening the belt on the extra to get ride of the debt.
What else can I help you with?
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.
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 collection agency sue for unpaid credit card debt?
yes
Is Mastercard a debit card?
no, it is a credit card. a mastercard can be either a debit or a credit card
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.
debit card?
Debit Card vs Credit Card
Is a refund to a credit card a debit or credit?
Debit
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.
Can you run a debit card as credit for this transaction?
Yes, you can run a debit card as credit for this transaction.
How can I transfer money from my debit card to my credit card?
You cannot directly transfer money from a debit card to a credit card. You can use your debit card to pay off the balance on your credit card by making a payment through your credit card issuer's website or app.
How does having a debit card declined affect my credit score?
Having a debit card declined does not directly affect your credit score because debit card transactions do not impact your credit history. Your credit score is based on your credit card usage, loan payments, and other credit-related activities, not on debit card transactions.
