Connecticut Credit Card Debt Lawyer Explains the Stages of Debt Collect

As a Connecticut Credit Card Debt Lawyer, one of the questions that I get a lot from my clients is: I’ve defaulted on my debt, I’m more than 90 days past due, what happens next?

Quite simply there is a series of events. This begins with you getting calls from the credit issuer or the bank itself asking you to pay the debt. This is followed by an internal department within the bank trying to restructure or renegotiate and offer you new payment terms. Finally, a bank will, after 90 days, write off your debt and then will often refer it to a debt collection agency which is a third party that specializes in trying to attempt to collect a consumer debt.  These calls get increasingly more harassing and aggressive. I advise my clients as a Connecticut Credit Card Debt Lawyer that in those circumstances what can happen is you’ll get a dunning letter where they’re attempting to notify you that they are attempting to collect a debt. Later on you’ll see phone calls from them and lastly there’s a potential for a law suit. These are just a few of the steps involved when you default on your debt.

Have you recently been getting increasing aggressive phone calls about your past due credit card debt?  Contact experienced Connecticut Credit Card Debt Lawyer Eric Foster.

This informational blog post was brought to you by Attorney Eric L. Foster, an experienced Connecticut Credit Card Debt Lawyer.