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800 Credit Card Debt helps you consolidate all of your credit card debt into one monthly payment. They do this by contacting your credit card debt companies and negotiating a payment for you.
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 the collection will not be removed from the credit report. They will show it paid in full.
The limit does not exist!
Credit card companies win whether you paid or not. They write-off the credit card debt at the end of the year on their taxes, they also hedge their burden for increase risk by having insurance so they recover some of your losses from your default and they can sell their uncollectable debt to a third party (collection agencies). What rights do you have? The Fair Debt Collections Act. Your debt is with the original creditor (Credit Card Company) and not the collection agency any money you pay should be to the original creditor.
Credit card debt consolidation with the help of an accountant or a debt consolidation service and careful management of income can be helpful steps in reducing your credit card debt without declaring bankruptcy.
Debt CAN be settled with credit card debt and other unsecured debts. Negotiating a settlement is between you and your creditor and settlements have happened for millions of people and helped them get out of debt.
Pay it off
You can settle a credit card debt in a number of ways. You can pay by cash over the counter at your local branch, you can settle the bill by wire transfer or internet transfer, or you can write a check.
There are many steps to get out of credit card debt. The first step is to pay off more than the interest of the card. This can be done by sticking to a budget.
Debt settlement companies can help negotiate debt relief with all your creditors. This will include credit card companies who may be willing to write off part of your debt.
Debt dot org is an organization dedicated to help people with their credit card debt. They do this by helping you with a debt settlement which allows people to settle without having to pay their debt in full.
yes it si recommended to hire a attorny . if you really has lots of debt on your credit card . he will definately finds some ways fr you
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 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.
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.
Recent studies reveal that millions of people around the world are experiencing problems that are related to credit card debt. Unfortunately, credit card debt prevents many from applying for home loans, automobile loans, and certain jobs. Credit card debt can be resolved if one is willing to take a few steps. Getting professional help from credit card counselors or debt counselors is one powerful way of eliminating this serious problem. Using credit cards wisely is one simple way of minimizing the possibility of abusing them. Using these two simple steps can help anyone deal with credit card debt effectively.