collection porceeding on credit card debt
February 1st, 2011 by Questions
I have a credit card debt that has been in collections for about 7 months. They had agreed to a settlement amount to be made in 2 equal payments. I was only able to make the first payment half and then the full amount became due. I made arrangements with the collection agency to make payment on the rest and have been unable to make the payment. Now as of yesterday they informed me on the phone that as my arrangemts were not kept to pay the balance owed and that they will be proceeding on it as of yesterday. I live in Alberta. What will happen now? I will be able to make the payment of the balance in full by the middle of next week its about $1200, but it\’s already late.
Posted from: Alberta