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How Credit Card Debt Collection Works

Taurus Collect

If you have ever had to deal with credit card debt, you know it can be stressful. Debt collectors call at all hours of the day and pressure is put on borrowers to quickly make payments in full. The process begins when the debtor stops making payments on their credit card and goes into default.

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Top 3 Complaints Against Debt Collection Agencies

National Service Bureau

Last week we wrote about 2014 CFPB complaints against debt collection agencies. Now for the top three: #3: Disclosure verification of debt. Of these, 1,346 related to credit card collections and 1,057 had to do with healthcare collections. 5: Improper contact or sharing of information. And finally ….

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

Credit Corp

If you don’t pay your credit card, it can lead to late fees, increased interest rates, being sent to collections, and damage to your credit. Credit cards offer several advantages over debit cards. Collections A charge-off doesn’t make your debt magically disappear.