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?


Asked on 5/05/09, 3:12 pm

1 Answer from Attorneys
Bryan C. Becker Your Lawyer for Life.

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

619.400.4929

877.201.8728

Becker Attorneys

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Answered on 5/11/09, 3:57 pm


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