After a credit card has been charged off, what step can a creditor take to collect money?
474396
In most cases they will sell your account to a collection agency, who will hound you for the money owed. There are statue of limitations in every state for collecting bad debts. Some times you can be sued and a judgment will be placed in your credit file and a garnishment can be executed on your wages till all is paid.
1082628
I would call the credit card company and ask them what the transaction was for. Just tell them that you don't remember what it was for and that you want to make sure that you made that charge to your credit card. Good Luck.
446449
Ok.  When a credit card or whatever charges off your account, it is usually sold to a collection agency.  You will now have 2 reports for the same thing on your credit.  This is ok.  If you have 3, you should contact the credit agency.\n\nYou have 7 years FROM THE LAST PAYMENT MADE before it falls off of your credit.  If it's been a year since your last payment, you have 6 years left, even if it was just charged off this month.  If you have no intention on paying, do not contact the collection agency, it could restart your 7 years.
491556
Call your card company or bank and dispute the charges immediately, let them know the situation, they will take care of it. Also, contact the company that is making the charges and file a complaint with customer service. Finally, make sure to keep tabs on your credit report to make sure that they do not report you because you refused to pay the fraudulent charges. If it is reported to the credit reporting agencies, make sure you dispute it and send them documentation from your credit card company that you disputed the charges on your card and tried to resolve the situation. That way it will not affect your credit rating, and if it does you have proof that you took steps to close the account and collect the fraudulent charges months before. Be careful because the company could attempt to report you at any time in the next seven years.
643980
I'm not sure I understand the question, but if you've been charged on your credit card for anything you did not mean to purchase, I'd suggest you complain to the company that made the charges and ask for a refund. If they don't give you one, follow up with the bank with which you have the card and see if you can get the charge reversed.
402229
Assuming that you used your credit card to make the purchase, just call your bank and dispute the charge. \nYou will get an instant 'temporary credit' back on your credit card.\n\nGood Luck....
251987
What exactly does that mean?  If we don't pay will we be reported to that collection agency and credit bureau?
74690
If you paid with a credit or debit card I would call the institution that supplies that card.  However, since it has been over a year they may not be able to dispute the charges.  You may need to speak to an attorney if the product was worth the value!
432173
No, they cannot do that, you can report them for threating you. The only property they can take is what you paid for on the credit card, which most companies will not do, since what you bought is usually not worth the money it requires them to get it. Just hang up on them. It will eventually go to charge off.
192060
A common miss-conception is that  trying to pay off charge offs will help to raise your credit.  In some cases this is the exact opposite. If the Account is Charge-off then the Creditor has already considered you a lost cause.\n\nIf you try to make a payment, you will re-open the creditors interest in collecting those funds from you. And along with there interest in collecting. Basically starting the entire proses over again.  Even if you pay off those cards, they will always be reported as charge off. Just changed to "Paid charge off" Which is not any better.  The guide on the link below is probably the Best, and least expensive way to begin repairing your credit.\n\nSo you know, 0 balances are not good, the credit burrows like to see 30% balances.  \n\nTry to keep open as many tradelines as you can. They reward you with a higher credit score the more in debt you can get. LOL
298852
Never pay a collection agency if it can be avoided. If you can negotiate payment with the original creditor then do so. If the OC will no longer work with you for payment and you must go to the collection agency then you will want to write them a validation letter requesting they validate the debt. Basically proving to you that you have a contractual and legal obligation to pay them. If they have proven that you must pay them by providing validation (not just a copy of your current mailing address and a copy of a bill from the OC)then negotiate for a settlement.
910336
It has been a few years since I worked with an online credit card account.  However, what I remember is this:  The processing is actually done in two steps.  1) The verifying --Verifies that it is a good card, and that the amount of the sale is available in the account, and  2)  Settlement -- Settlement is when the "charge" actually happens.  I actually had to go online and select the transactions for "settlement".  This was because we were not allowed to charge the card until the product shipped.  So, I suggest that there may be a way for you to verify, but not settle.  It may be that you could void the transaction as soon as it was verified.  That part I'm not sure about.  You may also be forced to verify with an amount.  You could use something nominal, say $.50.  Again, you would then need to void the transaction.
776745
IamIntresting is absolutely wrong.\n\nWhen they refer to the "last transaction" on an account, it means the last time you made a payment, or put a charge on the account.  Please refer to many of the state statutes as it does specifically state this.  A charge-off has nothing to do with re-aging a debt's SOL.\n\nNow, let me ask you a question.  Would you rather pay off this debt and get it off your credit report......or would you rather collect $1000 from them for listing a debt past the 7-year reporting period required by the Fair Credit Reporting Act?\n\nHUH???\n\nPlease read section 809c of the FCRA.  It clearly says that debts can not be reported longer then 7 years, starting from the date of the delinquency.\n\nNOT the charge off date.  NOT the last transaction date.  \n\nSo what you need to do is the following:\n\n1) Read the FCRA link below.\n2) Send a dispute letter to the Credit Bureau\n3) Send a validation demand letter to the creditor\n4) If it's not removed within 30 days, send one last letter to the creditor.\n5) File a small claims lawsuit (you don't need a lawyer)\n6) Spend your $1000
266902
YOu can fill out a form at the bank to put a stop payment for dailydeals. If you did not authorize them to go into your account, fill out another form and teh bank will do an investigation. if it turns out in your favir the bank will reverse the charges that they charged for insuffiient funds.
157750
Get a credit report....If it is not on it , it was probably paid off
1054433
First, you should bring an action to collect the monies. Once, you receive a judgment in your favor, then you must wait a statutory number of days to allow compliance with the judgment. If the person has not complied with the judgment, then you can ask the court to garnish his or her wages or collect his or her property to be sold, etc. via a motion.
5819
Call your credit card company.  They can look up the charge, they can tell you the name of the merchant, and they should be able to provide a phone number so you can call the merchant and find out who it is.\n\nIf you determine that the charge is not legit, then tell your credit card company that you want to dispute the charge and that it might be a fraudulent charge.  (You should investigate first...make sure it isn't from a company that you or your spouse purchase from)\n\nI've had charges show up like that and the credit card company has always helped me take care of it.