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Low Interest Credit Cards Canada - What happens when your debt went to the collections agency? - Canada

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RE: What happens when your debt went to the collections agency?

Postby montyloree » Mon Mar 22, 2010 08:03:35 AM

this more a question for the collection agency area.
there's tons of discussion there for this type of question... this area is where people talk about low interest credit cards and their benefits.
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What happens when your debt went to the collections agency?

Postby bebiesean » Mon Mar 22, 2010 12:25:25 AM

If you have multiple credit cards and you have a balance on them and you can't pay so the debt went to the collections agency, do they offer you terms to pay your debt? And if they do, should you just accept their terms?

How long before you can re-establish your beacon ratings when something like this happen?
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