I have an outstanding payment of a cell-phone bill - a service which was not provided in the final months - and am being told to pay up the 230.00 dollar payment.
The questions are: Should I pay up?
Should I argue with FIDO?
Will cops show up at my front door?
2006-12-17 04:27:06 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
No cops will ever show up at your door to collect the money. Collection agencies must adhere to strict regulations. You can try negotiating directly with Fido...chances are they will accept a lesser payment than the amount owed, if they have the choice between that amount and nothing.
The thing to consider in this instance is your credit rating. When you have an outstanding debt like the one you mentioned, this information is kept on record, and when you apply for credit can be used as a reason to deny you. The more of these little debts you have the less likely you will be to get approval for credit cards, bank loans,etc.
2006-12-17 04:40:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋
maximum sequence companies will pull each thing they'd out even however nearly all of the time that's in basic terms an act to scare you. although, if a judgement is made against then you definitely your economic business enterprise account would be frozen... whether you have additional earnings there than you owe! So in case you have $500 in debt and you have $a million,000 on your economic business enterprise account you could no longer touch any of it until each thing is executed and the sequence enterprise has their money. This befell to me, I moved to a different state and in basic terms forgot a pair of debt. properly the sequence enterprise wasn't able to hint me down curiously to enable me be attentive to i became being sued. So approximately 4 months when I moved, I had approximately $2,000 in my checking account... I went to make a withdrawl and that they mentioned my account became frozen. all of it, even however i did no longer even owe them that plenty. It took countless weeks until now something of my money have been accessible to me. placed me in a super bind!! i could drain my bills in case you think any court docket action.
2016-12-11 10:54:48 · answer #2 · answered by ? 4 · 0⤊ 0⤋
It will stay on your credit report until you pay. No, the cops will not show up at your door. No one goes to jail for having bad credit.
2006-12-19 15:27:51 · answer #3 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋