I spoke with a collector the other day regarding a VISA card that I know to be mine. We talked about various payment plans as I am unemployed, and have very little income coming in. We settled on a $50 monthly payment (which I'm not objecting to, $50 is fair and I can afford it). I was wondering how big a mistake I made by authorizing them to transfer the funds electronically from my bank account for 6 months? I don't know if I should put a stop on the payment or what.