They will know because the creditor reports it to them.
You will not get anywhere by calling and telling them. But you can send proof of your payment in full via certified mail. Request that they send a complete credit report showing the accounts paid, or settled, whichever is correct.
Settlement usually occurs when the account is past due and has been closed. You can either try to settle with the credit card company, or the debt collector that the credit company sold the account to.
Debt settlement is good for your credit rating. Just settle the debt and move on. Do not use a debt settlement company, ever.
In most cases, it is always better to pay the credit card off in full because the payoff is best for your credit rating. If you are able to settle the debt with an agreement that states that the credit card company will not send an adverse action transaction (e.g., chargeoff, workout, etc.) to the credit reporting bureaus, then you are better off settling.
It does not. The debt belongs to the deceased. If the estate cannot settle the account, the credit card company is not going to get paid.
I have been considering claiming bankruptcy for quite some time now. I have no money and am a student. I was injured on the job a few years back and am going to be receiving a settlement offer from the worker's compensation company soon. The settlement would pay half of my credit card debt. Should I try to settle with the credit card company for less than I owe? Or should I still claim bankruptcy like I was planning originally? If I claim bankruptcy, will the money I get from the settlement be up for grabs? If so, can a bankruptcy lawyer negotiate a settle-for-less deal? Help!
Settlement usually occurs when the account is past due and has been closed. You can either try to settle with the credit card company, or the debt collector that the credit company sold the account to.
Debt settlement is good for your credit rating. Just settle the debt and move on. Do not use a debt settlement company, ever.
In most cases, it is always better to pay the credit card off in full because the payoff is best for your credit rating. If you are able to settle the debt with an agreement that states that the credit card company will not send an adverse action transaction (e.g., chargeoff, workout, etc.) to the credit reporting bureaus, then you are better off settling.
It does not. The debt belongs to the deceased. If the estate cannot settle the account, the credit card company is not going to get paid.
In order to figure out how to settle corporate credit card fraud, you are going to have to look into the company's policy on such things and go based off of it.
I have been considering claiming bankruptcy for quite some time now. I have no money and am a student. I was injured on the job a few years back and am going to be receiving a settlement offer from the worker's compensation company soon. The settlement would pay half of my credit card debt. Should I try to settle with the credit card company for less than I owe? Or should I still claim bankruptcy like I was planning originally? If I claim bankruptcy, will the money I get from the settlement be up for grabs? If so, can a bankruptcy lawyer negotiate a settle-for-less deal? Help!
It shouldn't - because working out a payment plan shows that, even though you're in financial difficulty, you're still willing to settle your account.
A credit card company can refuse your offer of settlement and proceed with legal action. They must win their court case and have a judgment declared against you before your wages or bank account can be garnished.
Yes. If you are recieveing phone calls or lettters in the mail wait until you have saved at least 30% of the balance that is owed, and settle with this company. Make sure you get everything in writing before making this final payment. Wanda Improve Credit, LLC
Yes, they can. I do know of a law firm that helps delay trials and settle out of court, let me know if you want to know about them.
Most likely the credit card company wrote off the debt. However it will show on your credit as a write off, and your credit is still negatively affected by this. You did not receive a get out of jail free card.
No.