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How Credit Card Debt Collection Works

Taurus Collect

Overview of The Credit Card Debt Collection Process Credit card debt collection can be a stressful experience for both the debtor and the creditor. The process begins when the debtor stops making payments on their credit card and goes into default.

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What If I Don’t Pay My Credit Card Bill?

Credit Corp

Credit.com has a free credit score simulator to help you understand the effects of delinquency on your credit profile. Charge-Off Eventually, your credit card company stops waiting for you to make a payment. This prompts a charge-off, where a creditor closes your account and writes off your debt as a loss.