Legal Question in Credit and Debt Law in California
credit card requests payment in full, or settlement but can still collect later?
I am 5 months past due on a credit card that I have been trying to settle and they sent a letter requesting payment in full saying it will be sent to their litigation department. There is a note on the back that says if the account is settled for less than the total amount that it could still be collected apon at a later date by a third party, is this true or am I misunderstanding?
1 Answer from Attorneys
Re: credit card requests payment in full, or settlement but can still collect later?
It is true and they will unless you specify and get in writing a different agreement.
Yours truly,
Bryan
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Becker Attorneys
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