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  1. #1
    Join Date
    Oct 2015
    Posts
    2

    Default Will You Get Blacklisted Over Unpaid Credit Card Debt

    My question involves collection proceedings in the State of: NY

    I been in debt because of the economy I'm still temporary worker since 2011 without chance to get a permanent position I'm in debt $21000 with 5 different credit cards companies since 2012 if I pay them everything those companies one by one they will give me the chance to have credit cards again? or they will put me a black hiding list they don't want give me nothing to me even if I will have a good credit score in the future they will still put me in that black list?

    Thanks.

  2. #2
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: Credit Card Debt Settlement

    There's no way to predict.

    If you managed to pay all of them off I doubt that you'll have trouble getting a credit card again.

    But as you pay them off one at a time, your credit reports are likely to make you ineligible for anything but a secured credit card where you put up money with the credit card company.

    All you can do is apply for a credit card at any time and see how it goes.

  3. #3
    Join Date
    Oct 2015
    Posts
    2

    Default Re: Credit Card Debt Settlement

    I have other questions.
    Example; I own Chase $1000 the credit card is already closed 2 years and that debt is in collection agency, the collection agency sent me a letter telling me I can pay one payment for $500 for settle the account, and when is settle down they will send me 1099 tax.

    What terms in financial names or steps I need to do the collection agency erase me in my credit report the debt was settle down, also erase "charge off" also the bank is agreed with this and forgive this debt and not send me any 1099 tax.

    Or better pay in full the amount $1000 and be erase of credit report, "charge off" and talk with the bank.

    Thanks.

  4. #4
    Join Date
    Nov 2015
    Posts
    1

    Default Re: Credit Card Debt Settlement

    I think it's hard to tell you exactly how it's gonna be. Option 1 - if you pay your debt then they will give you a credit card again. Option 2 - they will not give you a credit card. I don't think that you will be included in some black lists! If you repay your debt, there's no reason for that. Also keep in mind that today there is a variety of credit products available for people with damaged credit! A well-known company Personal Money Service provides many of such options. You should know that you always can get a credit card, even if your situation is terrible, you can get a secured one.

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