article thumbnail

How Credit Card Debt Collection Works

Taurus Collect

However, it is important to note that there are laws and regulations that govern the debt collection process to protect both parties involved. The Different Types of Credit Card Collections When it comes to managing credit card debt, it’s important to understand the different types of credit card collections.

article thumbnail

Collection Tactics to Recover Unpaid Credit Card Debt

Nexa Collect

In the end, some debts aren’t recoverable, but with the consistent application of principles like those detailed above, a higher than average percentage can be collected. Hire a credit card collection agency to effectively recover money from your delinquent accounts.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Credit Corp

You still owe what you borrowed, so your credit card company may send your account to collections. Once a collection account appears on your credit report, other lenders can see it. This may make it difficult to qualify for an auto loan, a mortgage, or another credit card.

article thumbnail

Top 3 Complaints Against Debt Collection Agencies

National Service Bureau

Of these, 1,346 related to credit card collections and 1,057 had to do with healthcare collections. Credit card collections again led the way with 1,660 complaints. Payday loan collections was the second worst category with 879 complaints. . #4: False statements or representation.

article thumbnail

Top Complaints Of A Debt Collection Agency

Firms

Of these, 1,346 related to credit card collections and 1,057 had to do with healthcare collections. FIRMS is a premier debt collection company that specializes in caring for our customers and making sure we always stand above the rest of the companies in the industry. False statements or representation.

article thumbnail

Senators Open Inquiry into Chase’s Alleged Resumption of Robo-Signing Credit Card Collection Affidavits

Account Recovery

Elizabeth Warren [D-Mass.]

article thumbnail

Daily Digest – February 8. Senators Open Inquiry into Robo-Signing; Creditor Wins FCRA Case

Account Recovery

SENATORS OPEN INQUIRY INTO CHASE’S ALLEGED RESUMPTION OF ROBO-SIGNING COLLECTION AFFIDAVITS A group of six Democrats on the Senate Banking Committee, including Chairman Sen. Sherrod Brown [D-Ohio] and Sen. Elizabeth Warren [D-Mass.]

Creditors 245