What should I do if I receive a notice of collection from my credit card company?

If you receive a notice of collection from your credit card company, it is important to take action as soon as possible. The first step is to contact the company and ask for more information about the debt. You should verify that you are the one responsible for the debt, and if so, try to negotiate a payment plan. If the debt has already been sent to a collection agency, it is a good idea to speak to them as well. Under Washington law, credit card companies must provide a written notice of collection before beginning the process of collection. If you have not received such a notice, then the collection agency cannot take legal action against you. You should also review your credit report for any errors. If you find any incorrect information or errors in your report, dispute them with the credit bureaus. You can also file a complaint with the Washington State Attorney General’s Office if you believe that you’ve been a victim of illegal or unfair debt collection practices. If you are unable to resolve the dispute with the credit card company or collection agency, it is advisable to consider seeking legal advice. An attorney can advise you on the best course of action and help you protect your rights.

Related FAQs

What rights do I have under the Fair Credit Billing Act?
Is it possible to negotiate with my credit card company?
What should I do if I disagree with a credit card company's decision?
What types of credit card practices are prohibited by the Truth in Lending Act?
What are the federal laws governing credit cards?
What should I do if I'm not satisfied with the results of a credit card dispute resolution?
What is the Electronic Fund Transfer Act?
What are the federal laws governing debt collection?
What can I do if I am charged late fees for my credit card payments?
What if my credit card company refuses to accept or agree to my dispute claim?

What should I do if I receive a notice of collection from my credit card company?

Related FAQs

Related Blog Posts