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<blockquote data-quote="donna723" data-source="post: 338039" data-attributes="member: 1883"><p>They probably mean that THEY are writing it off by selling the debt to a collection agency. But if it's already 120 days in arrears, it has probably already affected your credit either way.</p><p> </p><p>Are you absolutely sure that you are dealing with the CC company and not with a collection agency already? Pressuring you to pay a certain amount in a very short period of time is a tactic they use - they probably get a commission on what they collect. In truth, they should welcome the offer of a payment plan where it will eventually be paid off, rather than making threats. And if you give them your bank account number, how do you know they will only take out the amount you authorized them to? Doing it on the phone, you have no proof of anything.</p></blockquote><p></p>
[QUOTE="donna723, post: 338039, member: 1883"] They probably mean that THEY are writing it off by selling the debt to a collection agency. But if it's already 120 days in arrears, it has probably already affected your credit either way. Are you absolutely sure that you are dealing with the CC company and not with a collection agency already? Pressuring you to pay a certain amount in a very short period of time is a tactic they use - they probably get a commission on what they collect. In truth, they should welcome the offer of a payment plan where it will eventually be paid off, rather than making threats. And if you give them your bank account number, how do you know they will only take out the amount you authorized them to? Doing it on the phone, you have no proof of anything. [/QUOTE]
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