Sometimes i get letters from credit card debt angencies saying i owe the same balance that i had for 6 years, but sometimes shows more balance with intrestest but only one letter said this, the rest all had same balances which were 6 years ago when i was in debt of 2,000, but one letter said 6,000, i have not replied or ever gotten back to the debt credit card collectors, agencies etc, so whats going on, does default mean no intrest charges?
What does default on credit card debt mean? do i still get charged intrest %26amp; extras in default of payments?
How many times are you going to ask this one this afternoon? When they catch up with you they'll take the debt, the interest, and all the charges that they make for finding you. You'll have nothing left - including anything you own ! ! !
You can find more info here:
http://debt.123thebest.info/credit_card....
Good Luck.
Reply:Default does not mean no interest charges. It means that you broke your agreement with them to pay them back.
Most credit card companies and collection agencies acting as the creditor's agent continue to add interest and penalties. Some collection agencies don't, specially the junk debt buyers that buy bad loans for pennies on the dollar.
Reply:Default means that you did not pay the loan. If you were to default on your auto or home loan then those things would be repossesed. Since it is a credit card debt then it just ruins your credit, which you don't really seem to care about anyway. You may have to claim the amount of the debt on your taxes because it would count as income.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment