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Is it a good idea for me to transfer the debt I owe to a collections agency to another credit card?
All you will be doing by this action will be to prolong the inevitable. That is unless you are expecting some large windfall with certainty with which you intend to pay off all your debt. The only thing that comes to mind is that you won the lottery. Winning the lottery or some other sizable, certain windfall you intend to use to pay the balance is the only reason I would ever suggest transferring debt balances; the only legitimate reason.
Do the math; what will the move cost you? You'll have to look at the interest rate that the credit card charges, as well as any transfer fees. If the amount is the same, then you should stay put. Keep copies of all cancelled checks for your records. Also, remember to get a letter stating "paid in full," when you are finished and send it to all three credit agencies. Keep a copy with your records, so that no zombie credit agencies can come to you later.
What else can I help you with?
Who is ICC collections?
Interstate Credit Control - they are a collection agency
How can I request collections to be removed from my credit report?
To request collections to be removed from your credit report, you can contact the credit bureau and the collection agency in writing, providing evidence to support your request. You can also negotiate a pay-for-delete agreement with the collection agency to have the collections removed in exchange for payment.
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.
Can you transfer your credit card balance to another person?
No, you cannot transfer your credit card balance to another person.
Who is ICC collections?
Interstate Credit Control - they are a collection agency
How can I request collections to be removed from my credit report?
To request collections to be removed from your credit report, you can contact the credit bureau and the collection agency in writing, providing evidence to support your request. You can also negotiate a pay-for-delete agreement with the collection agency to have the collections removed in exchange for payment.
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.
What happens when a medical bill goes to collections?
At its discretion, the medical biller will report to one or more credit reporting agencies that the debt has gone to collections. The collections agency will report it, as well - also at their discretion. You can negotiate for payment with the collections agency.
Can your unpaid bills be sent to collections if you are making an attempt to pay them?
Yes. The creditor is not required to accept a payment arrangement, and at any time may transfer the debt to inside collections, or an outside collection agency. (For non-credit card debts)
If you settled a charged off account with a collections agency for less than the full amount can they resell the difference to another agency?
Yes unfortunately they can. Companies today want the charged off account money and will sell it to another agency in order to get this. It will show up on your credit report under another company...so you have 2 listings on your credit report for the original account.
Can you transfer your credit card balance to another person?
No, you cannot transfer your credit card balance to another person.
How can you dispute outdated collections on a credit report?
If you identify information in your credit file that is incomplete or inaacurate, and report it to the consumer reporting agency, the agency must investigate unless your dipute is frivolous. See www.ftc.gov/credit for an explanation and procedures
How can I contact the collections agency listed on my credit report?
You can contact the collections agency listed on your credit report by finding their contact information on the report itself or by searching online for their contact details. Once you have their information, you can reach out to them via phone or mail to discuss your account and any outstanding debts.
How do you send someone to collections?
To send someone to collections, you will need to have a collections account with a credit reporting agency. You will also need to give the person notice of their debt along with at least 90 days of statements.
What does chase balance transfer stand for?
A balance transfer is the transfer of balance in an account or a credit card to another account.It also refers to transfer of outstanding balance from one credit card to another credit card.
