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Is it legal? That depends on how they are calculating the $5500. The creditor is entitled to charge you whatever interest rate you agreed to pay in the credit card agreement.

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20y ago

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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.


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.


Do collections appear on a credit report?

Yes, collections can appear on a credit report.


What are three types of credit?

1 Liberal on credit/conservative(tight) on collections 2 Moderate on credit/moderate on collections 3 Conservative(tight) on credit/liberal on collections


Which company is this with telephone number 072052499?

First Gulf Bank Collections department - Credit Card Payments


Can collections hurt your credit score?

Yes, collections can hurt your credit score. When a debt is sent to collections, it indicates that you have not paid it as agreed, which can lower your credit score.


What services are provided by the company Credit Protection Association?

The company Credit Protection Association crafts customized solutions, ranging from billing and pay solutions to result-oriented third-party collections.


Would a Credit Card Company really sue you over a 1200 debt?

Yes, they will send you to collections for that amount.


How do collections impact your credit score?

Collections can have a negative impact on your credit score. When a debt is sent to collections, it indicates that you have not paid it as agreed. This can lower your credit score and make it harder to get approved for loans or credit cards in the future. It's important to address collections promptly to minimize the impact on your credit.


What happen if you don't pay your rent after eviction in tn?

After eviction, the landlord may choose to file a civil action against you, or they may hire a collections company to seek in the debt. The collections company will probably list the debt on your credit reports.


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.


If you have student loans in collections and you now have the money to pay in full is it possible to have the collections company bring the account current as part of the agreement to pay the debt?

once you have paid it. It will reflect on your credit report as paid