Ex-fiance was supposed to be paying on my Sears bill and was to notify me if he couldn't so that I could pay it. Well, I get a call from a collection agency stating its in arrears and the minimum payment is over 1000.00. I took a loan out to pay it off, but it cost me over 100 points on my credit score. Shouldn't I have been notified before the account got to the collection stage?
2006-11-16 10:25:00 · 6 answers · asked by Wen 1 in Business & Finance ➔ Credit
Absolutely right.
in the best of all worlds.
Alas and alack,
nobody notified them of the no payback either.
My guess would be you will find the legal verbage...note how close to garbage the word is...authorizing such in the card policy paper work.
The good news is you kept your True Love index over the top. Dropping jerks always hurts someway or other.
2006-11-16 10:29:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The credit card agencies are considering the monthly bill as your notice that you owe the money. Before they send you to collections, the usually send you another bill the following month stating the unpaid charges.
2006-11-16 11:29:23 · answer #2 · answered by Mariposa 7 · 0⤊ 0⤋
They send a monthly bill so you should have been aware of the situation even if your Ex was saying he was paying it. In the end if you never checked your account or looked at you monthly statement the blame falls on you.
2006-11-16 10:31:52 · answer #3 · answered by WallyWombat 6 · 0⤊ 0⤋
Your first mistake grew to become into installation an vehicle debit with them. this is in simple terms inquiring for problems. My wager is that the minimum fee quantity decreased by way of stability being decrease. sooner or later, you're able to desire to to apply your financial corporation's on line billpay particularly of lenders websites. maximum banks furnish it freed from fee. you are able to time table all your expenses which incorporate installation computerized recurring money. yet you have complete administration and could replace or cancel money as much as a pair days in the previous the due date. plenty smarter to push out of your account, than enable lenders pull out of your account. however the biggest project with those interest unfastened deals is you will possibly prefer to pay the full stability in the previous the anniversary date. That date often is in the previous the due date of the twenty fourth (or regardless of the era) assertion. you're able to pay the stability off the month in the previous the final month to be sure it particularly is paid in the previous the anniversary date. Your 2d mistake grew to become into dropping money on the insurance/secure practices plan. those plans are organic money makers for the credit card agencies. they only pay off below very constrained situations and you're able to bounce with the aid of a great form of hoops to get them to kick in. Then, they only pay the minimum fee.
2016-10-22 05:26:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋
well ur ex probably was and just didn't bother to tell u, because they always let u know before they put it in collection.
next time keep ur cards to urself.and u won't have this problem. i know u were trying to b nice but it usually works out bad for the nice guy.
2006-11-16 10:43:46 · answer #5 · answered by Nora G 7 · 0⤊ 0⤋
the agency that your account was placed with sends out letters in the mail with every account that it takes. call in and check to see if your address is right...
2006-11-17 16:06:27 · answer #6 · answered by Starry Eyes 5 · 0⤊ 0⤋