Feb
3
Should I still try to work with my credit card company or wait until it is sold to a collection agency?
Filed Under Pre Paid Legal
RecurvDesign asked:
Hi! I need some advice. I currently came to a settled amount to pay my credit card company because I’ve lost my job and I’m no 90 days late. Well, the day that we came to the agreement my file got handed over to their “pre-legal” department, which I found out is a third party legal servicing company that will not honor my previous agreement with the credit card company. Is this “pre-legal department” the collection agency and has my debt been sold? If this is not the collection agency and my debt has not been sold should I just wait until it is sold to negotiate and pay a lump sum? What should I do? Thanks
According to both my credit card company AND this pre legal department, the previous agreement is null and void because it has gone to pre-legal. I was working with a rep that was trying to “get the file back from legal” so he could work with me. I dont want to send the amount that was previously agreed upon because even the credit card company says there isnt anything they can do now that it has been passed on tot he prelegal department. Any help?
Lee
Hi! I need some advice. I currently came to a settled amount to pay my credit card company because I’ve lost my job and I’m no 90 days late. Well, the day that we came to the agreement my file got handed over to their “pre-legal” department, which I found out is a third party legal servicing company that will not honor my previous agreement with the credit card company. Is this “pre-legal department” the collection agency and has my debt been sold? If this is not the collection agency and my debt has not been sold should I just wait until it is sold to negotiate and pay a lump sum? What should I do? Thanks
According to both my credit card company AND this pre legal department, the previous agreement is null and void because it has gone to pre-legal. I was working with a rep that was trying to “get the file back from legal” so he could work with me. I dont want to send the amount that was previously agreed upon because even the credit card company says there isnt anything they can do now that it has been passed on tot he prelegal department. Any help?Lee
Comments
2 Responses to “Should I still try to work with my credit card company or wait until it is sold to a collection agency?”
Maximo
I would pay the original agreement. You don’t want your credit score to suffer.
Leandro
If it’s the “credit card company’s Pre-legal department” then it is NOT a collection agency. If you settled on an agreement on your debt with the credit card company, I would just pay that immediately and you should be fine. Most credit card companies are willing to work with you on negotiating an agreeable debt settlement BEFORE sending it to the collection agencies. If you still have questions or doubts, call your credit card company back and make sure you’re both on the same page. That’s what their reps are there for.