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Here’s what you need to know about credit card debt settlement. ... Call Citi’s customer service line at 1-800-347-4934 for help with ... creditors may sell your debt to collection agencies ...
2. Know your debt collection rights. Educate yourself about your rights under the Fair Debt Collection Practices Act (FDCPA). This federal law regulates how creditors and debt collectors can ...
If you go through a debt settlement agency, vet its credentials and make sure it's a reputable business. ... Call Citi’s customer service line at 1-800-347-4934 for help with ... Contact your ...
When you use a debt settlement service, instead of paying your monthly bills, you will put money in an escrow account that the settlement company manages. The company will then use the money in ...
A good debt settlement company will handle calls from the credit card companies, nor the collection agencies. Calls will slow down as the settlement company makes contact with the creditors. Good settlement companies will arrange monthly update calls, establish a plan where the debtor can miss a payment or two, or finish the plan six months ...
A bank levy is a legal action taken against you by a creditor or debt collection agency. A levy allows the creditor to take funds directly from a bank account to satisfy unpaid debts or taxes.
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