Sunday, August 9, 2009

What methods can a collection agency use to collect credit card debt?

They%26#039;ll call, send letters.. If they are reallyhungry for your money find out where you work and start calling there. They may even find out family memebers and starting calling them.. Depending on the type of debt and amount of money they may eventually o to court and get an order to garnish your wages..put a lien on your property.. or try to reposses whatever it is you owe on.



What methods can a collection agency use to collect credit card debt?

My favorite method is %26quot;knee capping%26quot;. You don%26#039;t want to know what this is so it is best you pay off your debts BEFORE they get turned over for collection.



What methods can a collection agency use to collect credit card debt?

First theyll send letters and stuff but it its after like 10 years sumtin like that they can take it out of your bank account



What methods can a collection agency use to collect credit card debt?

they can make your life a living hell. they usually start calling again right before the statute of limitations runs out, after which you no longer legally owe the debt ( 4 to 6 years, depending which state you live in). the moment you promise them a payment, or sent a payment the statute starts all over again. so, if it has been 4 to 6 years since your last payment, they are no longer allowed to come after you, and you can tell them that.

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