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Originally Posted by Bizzymammabee  What everyone has said it true. Next time for future reference always be smart and call the CC company up and make a payment plan out. When it goes to the collection agencies they are ruthless becuase they get a percentage of what they collect. They are also allowed to tack on "Administrative" fees that brings up what you owe. The CC company tend to be a bit more accomodating and sometimes will allow you to settle for a lower sum so they can just get something from you.
Good luck. I do suggest you keep meticulous records of what you pay. That way it will get paid off and you have proof of every penny you paid. |
I have NO intentions of ever getting a credit card again! I'm actually pretty smart w/ money now.
I do wish I'd know about settling w/ the CC company before it gets sent to a collection agency.
I know its legal to sell it to a collection agency but is it legal to sell it if its already in collections? I'm already having garnishments taken out of my check for this CC debt.