Share post
Share
Debt Consolidation Forums Debt Consolidation and Debt Settlement forums

Can a credit card company come after me after settling the debt?

Date: Tue, 03/21/2017 20:13
member profile picture
Posts: 1
Credits: 0
[Donate]

I did a credit card settlement in 2014 and now they are coming after the interest that wasn't paid after they signed the settlement. Can they collect on this?




Do you have the written agreement with the collection agency saying that the amount being paid is considered "payment in full"? If yes, they can't charge anything to you.

Sub: #1 posted on Wed, 03/22/2017 - 06:51

Barbara Delinsky Barbara Delinsky

(Posts: 432 | Credits: )

Don't make any payment whatsoever. Instead, send them a cease and desist letter to stop contacting your for collections. If they persist even after that, then sue them for FDCPA violation.

Sub: #2 posted on Thu, 03/23/2017 - 04:57

paulcahill80 paulcahill80

(Posts: 2359 | Credits: )

Yes, absolutely. Don't make any further payments.

Sub: #3 posted on Fri, 03/24/2017 - 04:05

Good Nelly Good Nelly
Industry Expert
(Posts: 2816 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
BBB (A+) logo for DebtCC
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2020 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 1.133 seconds.