No, after a company has charged your debt off to their profit and loss (P&L) account they can no longer attempt to collect the debt. However, what they can do is sell the account to a collection agency. Charged of debts are bundled into large portfolios and sold to Junk Debt Buyers for pennies on the dollar. Junk debt buyers have the same rights to collect as CareCredit did. They can take you to court and sue you for the original balance plus fees and interest. After they get a judgment against you they can garnish your wages, or use any other method available to them under Kentucky law to collect. Since Junk Debt Buyers purchase debts for a fraction of the face amount, they are often willing to settle with you for a lesser amount before taking you to court. Hope this helps
by Blubber - 19 hours ago
If you owe or owed a company they can garnish your pay if you did not pay them. Wondering how you would know they wrote off anything anyway?
by Jan C - 19 hours ago
Landing Page Design: Rules Of Thumb Your Boss Expects You To Know
A landing page is a webpage that encourages visitors to your site to download a digital offer (an eBook, tip sheet or white...
A Franchise That Develops Leaders Was Just What This Military Veteran Was Looking For
Franchise Players is Entrepreneur’s Q&A interview column that puts the spotlight on franchisees. If you’re a...
The Best Google Analytics Reports For Improving Your Website
Google Analytics isn’t just for knowing how much traffic your website is getting, your top pages, and how your traffic...
How to Leverage Social Media Marketing to Enhance Brand Recognition
You would be hard-pressed to find a professional who will tell you that social media marketing is a newfangled idea that...
6 Essential Elements Of A Modern Website Redesign
New technologies, tools, advancements in mobile, and the power of social media have altered the online landscape over the...
Empowering Your Employees
A business leader can have all the talent in the world, but might not go far without a strong support system. Empowering...