Comments on: What Happens When Your Credit Card Goes To Collections?

By: Delmarie Skeith

Delmarie Skeith — Tue, 05 Jan 2010 19:40:28 +0000

My mother passed away in Sept and has a credit card debt of 13,000 which was protected (I thought) by balance insurance and each time I called and checked they said “If anything happens her balance will be paid”. No one told her or myself that it had to be accidental. Then I found out from a woman in the accounts department that you are only eligible to qualify for balance insurance if you are under 65. My mother didn’t even get enrolled until she was over 65. Someone knowingly accepted her and she has paid her balance in full and started over again and now they are sending her account to a collection agency. She has paid into this balance insurance for 17 years that is 17 X 12=204 months X $84.00/month = 17,136.00 and they won’t pay off her balance. They said they will try and take my house away (we have joint ownership) title is in my name only. What can or what should my next step be. This balance insurance was done over the phone by those solicitation people. Help

By: Tess

Tess — Fri, 20 Mar 2009 02:14:02 +0000

I purchased a camera from Circuit City (Chase Bank)- no interest for one year. I did not read the fine print & that a minimum payment was due each month (ON TIME) to Chase Bank. The minimum payment was $20 (did not know this) & I paid $18. I did make monthly payments of $18 but not on time. Four months later I’m told that I am behind & late fees have been assessed.

I quickly pay the balance of the camera itself $200 to customer service while on the phone (bank transfer). I have written the bank twice (Chase Bank) asking them to close my account, for forgiveness, that I made restitution on the balance of my original purchase & to turn my balance (late fees & interest) over to collections. They have only closed the account.

I don’t want to pay any more than the cost of the camera $300. I wish I had paid cash in the 1st place but got caught up in “special being offered.”

I have no car payments, no mortgage, a Ciitbank credit card account that I pay in full, on time each month, as well as all other bills in full on time.

I was told by Chase that the account will continue for five more months & then will go finally to collections. What will happen if I blow this off. It irks me that I have to pay more that the original cost of the camera because I was misinformed by Circuit City (now defunct) of the terms of the “special.” Chase Bank keeps calling wor work things out. Please comment on this case. Thanks

By: Free Credit Report Online: Easier Way to Check Fiscal Dealing | Specs Credit

Wed, 11 Mar 2009 02:12:11 +0000

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By: The Benefit of Checking Your Free Credit Report in the UK | Specs Credit

The Benefit of Checking Your Free Credit Report in the UK | Specs Credit — Tue, 10 Mar 2009 17:03:23 +0000

[...] What Happens When Your Credit Card Goes To Collections? | Ask Mr … [...]