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Credit card debit

Asked Dec 19, 2008, 02:24 PM — 4 Answers
Have a chase credit card I am unable to pay minimum and at this time they are not will to set a budget payment plan with me....my concern is that chase now has bought out or taken over the bank I have my checking with and I am concerned that my definency will be taken without my consent from my account because they are now one.
Can they do that?

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JudyKayTee's Avatar
JudyKayTee Posts: 46,107, Reputation: 23835
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#2

Dec 19, 2008, 02:26 PM
Quote:
Originally Posted by richardr View Post
Have a chase credit card I am unable to pay minimum and at this time they are not will to set a budget payment plan with me....my concern is that chase now has bought out or taken over the bank I have my checking with and I am concerned that my definency will be taken without my consent from my account because they are now one.
Can they do that?


Someone else posted this and the answer was yes. I'd move the checking account if you are attempting to shield it.

Of course, they'll eventually get a judgment against you and collect by other means but that is in the future.
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Fr_Chuck's Avatar
Fr_Chuck Posts: 72,949, Reputation: 37211
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#3

Dec 19, 2008, 02:59 PM


Yes, and if they see you have a large amount in checking will wonder why they are not being paid more
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jsphotography's Avatar
jsphotography Posts: 1, Reputation: 1
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#4

Dec 20, 2008, 01:52 AM
Out of the blue after 3years, a credit collection agency has said I owe 700 on a credit card, which we made a full and final settlement of 2000, when we moved house 3 years ago, one I can't afford to pay this amount, but the credit agency would like to take me to court, also I can not afford a solicitors fee, what can I do to get out off this please
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JudyKayTee's Avatar
JudyKayTee Posts: 46,107, Reputation: 23835
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#5

Dec 20, 2008, 05:52 AM
Quote:
Originally Posted by jsphotography View Post
Out of the blue after 3years, a credit collection agency has said I owe 700 on a credit card, which we made a full and final settlement of 2000, when we moved house 3 years ago, one I can't afford to pay this amount, but the credit agency would like to take me to court, also I can not afford a solicitors fee, what can I do to get out off this please


Tell the agency it's been settled, paid in full/final settlement. Ask for their mailing address and send them a copy of your papers.

Inability to pay is not a defense; having already paid it in full, in agreement with the creditor, is a defense.
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