resurgent

So, let me get this straight...You had a card with them that went into collections...they offered you a new card and you took it, and when you received it, the new card had the old card's balance on it? Just want to make sure I am understanding you correctly.

I'm sorry I didn't explain it right.I had a sams credit card that I didn't pay for,Resurgent must had bought it.They sent me a letter offering a visa credit card that would have what i owed sams on it,I sent it back to them but haven't recieved the card yet.What i wanted to find out is do i have to accept the card and does that mean i owe them now.

I'm sorry I didn't explain it right.I had a sams credit card that I didn't pay for,Resurgent must had bought it.They sent me a letter offering a visa credit card that would have what i owed sams on it,I sent it back to them but haven't recieved the card yet.What i wanted to find out is do i have to accept the card and does that mean i owe them now.

I've never heard of that before. Did they disclose the apr or the payment terms on the visa they were offering?

Did u sign a contract saying u would do this?? Sneaky trick CA's use....
Ang

I guess i did,I sent back agreeing to their terms.The apr is at 19.9% and the payments are suppose to be 20.00 a month.I've read on the internet that they are not a very nice company and wanted to see if anyone else has ever delt with them before.

Hmmm...That IS a sneaky little trick! I would think that if you signed the contract that you have to accept the card. Also, be careful that they don't send it to you in an already active state. I had one send me a card I applied for that was already active. I almost freaked out. What if someone would have intercepted it in the mail??? Just make sure you get your hands on that card!

Are you serious Eleroo!!! I can't believe they sent it to you active!

What would happen if you didn't accept the card or canceled Lc? Did they go into that at all? Is the balance something you could just pay on your own?

Wow...you can never put anything past those collectors. That is totally boggling...but then again, I can see why they would pull something like this. Basically they just locked you in to pay this debt with interest.

I would keep your initial offer letter and read the contract with a magnifying glass...they could try to jack up your rate. Wouldn't put it past them.

I have a question...if Lc calls the number for the Sams Club card & offers to make payments...could the issuer of the Sams Club card pull it from the collection company? Or once it goes to the collection company you just deal strictly with them?

Yep. I'm serious. It was active. I don't have the best credit (as you could've guessed. :-) ) so I applied for a card to get some positive stuff on my report. It is current, and I don't have any problems, but it was active when I got it!

I think it is a good idea, too, Lc to see if they will work with you. Good point. What would they do if you chose to not accept it.

That i don't know,the letter saids the balance due and credit limit would be 540.00. That is what they say i owe on it.If i pay the balance off like i'm suppose to the i can use the card just like a regular credit card.

Ok,I'm going to sign off now,thank you for all the advice.I guess i need to wait until they send the card and go from there. Once again thanks!

Have a good nite!

Come back if you have any more questions. I'm sure people here will have more advice to give you, so check back :)

Resurgent? I believe that's another LVNV Funding venture. They've been known to offer a credit card, and then transfer your alleged debt to it, thus thus in many cases bringing it back into the statute of limitations.

Not only would it bring it back into SOL, but even if you didn't owe the debt in the first place. You would owe them that money now as you have a credit card with them with a outstanding balance. ::shakes head:: that's pretty underhanded.