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    mcace5899's Avatar
    mcace5899 Posts: 9, Reputation: 1
    New Member
    		  
    #1

    Mar 6, 2008, 08:11 PM
    Charge off
    I got a phone call today from a company saying that my cc was charged off because of late,missed payments. They told me I needed to come up with 3 grand by the 21st of this month and if I din't I would have to get an attorney to settle this for me. Does anyone know how this works and what the law is? I live in sc
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Mar 6, 2008, 08:20 PM
    What it means is that if you don't pay they will sue you, obtain a judgement and then garnish your wages or bank accounts.

    There are lots of threads in this and the Bankruptcy and Debt forums that discuss this. I suggest spending some time browsing them.
    mcace5899's Avatar
    mcace5899 Posts: 9, Reputation: 1
    New Member
    		  
    #3

    Mar 6, 2008, 08:22 PM
    Quote Originally Posted by ScottGem
    What it means is that if you don't pay they will sue you, obtain a judgement and then garnish your wages or bank accounts.

    There are lots of threads in this and the Bankruptcy and Debt forums that discuss this. I suggest spending some time browsing them.
    Thank you. Where on li are you from?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Mar 7, 2008, 07:09 AM
    SE Nassau
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