Do credit card companies care about debt settlements?

Debt settlements are accounts receivable for the company. A huge credit card balance packed with late fees and overlimit fees may be a pain in the ass for card holders. The jump is made from creditor to collections. Yes, your credit card company may call you every day, but when does the credit card company …

When the creditor wants more money :: Financial Scams

What happens if the creditor tries to get more money from you? Is it extortion? Theft? Fraud? Here is an example: Courtesy of Household – HSBC Watch: “I made a settlement agreement with a gentleman by the name of Eddie Anderson at HRS (HSBC Retail Services). Our agreement was a down payment of 500.00 on …

What Happens If You Miss A Debt Settlement Payment

What Happens If You Miss A Debt Settlement Payment What happens if you have a valid settlement offer, you are making payments, and then you miss a payment? Sometimes the company will work with you, but there is a chance you will be in breach of contract. Missing a payment means you invalidated the signed …