Navigation

Wait Days for Collection?

Message Author
PostPosted: Mon Nov 19, 2007 2:05 pm Subject: Wait Days for Collection?

If you have an account and miss one payment, is there a certain number of days the credit card company must wait before they contact you (ie...bombard you with phone calls)? I have a credit card and forgot to mail the monthly payment. It is 4 days late as of today and the company has called my home and cell phone 9 times in the past 6 hours.
waterbug811

waterbug811

Leave a quick message for waterbug811
Joined: 01 Jun 2007
Posts: 138
Debtcc Points: 3230

PostPosted: Mon Nov 19, 2007 2:07 pm Subject:

This will usually happen with a low limit, high intresr card. They are relentless. Just tell them that you forgot and will mail it. The calls will usually stop for a few days.
kashzan
Debt Samaritan

Debt Samaritan

Leave a quick message for kashzan
Joined: 11 Jul 2007
Posts: 5461
Debtcc Points: 38903

PostPosted: Mon Nov 19, 2007 2:11 pm Subject:

There is no exact laws that deal with this unless your state has unfair/deceptive trade practice statutes on the books covering it. Just inform them of when payment will be made and know they will probably move you to the default interest rate for being late.
_________________
Cajunbulldog
Keeping an eye out for consumers.
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
http://www.ftc.gov/os/statutes/fcrajump.shtm
http://www.debtconsolidationcare.com/forums/about216.html
Use this letter to protect your rights under the FDCPA
myfairdebt.com & myfaircredit.com-Good source of case law in forums.
cajunbulldog
Moderator
cajunbulldog
Moderator

Joined: 20 Dec 2006
Posts: 4875
Debtcc Points: 37803

PostPosted: Mon Nov 19, 2007 2:13 pm Subject:

That is exactly true. If you have one of those HSBC/Orchard Bank cards they are a pain if you are a couple days late. Most credit card compnies won't bother you until you start getting near the thirty day mark.
frogpatch
Moderator
frogpatch
Moderator

Joined: 09 Apr 2007
Posts: 3693
Debtcc Points: 30799

Quick Reply
Your Name
Subject
Message body
All times are GMT - 7 Hours
Page 1 of 1

 
About Us | Contact Us | Privacy Policy | Testimonials | Sitemap | Espanol | Media Kit | Terms of Services Navigation
Hacker Safe   Member of IAPDA   DnB Listed