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Can you use a debt consolidation company if the credit card companies have already sold your accounts to collection agencies? |
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Yes, but neither a collection agency nor the original creditor has any legal obligation to communicate or accept the terms offered by a debt consolidation agency.
First answer by Macky. Last edit by Macky. Contributor trust: 3587 [recommend contributor]. Question popularity: 49 [recommend question]
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Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Debt and Bankruptcy > Debt Collection > Debt Counselors and Consolidation > Can you use a debt consolidation company if the credit card companies have already sold your accounts to collection agencies?
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Credit card consolidation? Consolidation of company Accounts? Non profit credit card consolidation agencies? Are they debt consolidation for collection agencies? If debt sold to new company can it be put back on credit? How long before credit card companies put you into collection? Do collection agencies negotation with debt settlement companies? Can trust accounts be set up to negotiate with credit card companies? How do you clear credit card accounts referred to collection agencies? Are debt collection agencies allowed to contact family to seek payment? How can you fix your credit if accounts have been sold to debt collectors? What are the methods agencies use to obtain credit card debt involuntarily? Can you use a debt consolidation company if most of you credit cards have been sent to lawyers offices already? If a debt has been sold multiple times to different collection agencies is the dept still valid?
