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Thad missed two payments on his credit card. According to the Fair Debt Collection Practices Act, what action can the bank legally take to get the money from Thad?
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Thad missed two payments on his credit card. According to the Fair Debt Collection Practices Act, what action can the bank legally take to get the money from Thad?
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Mar 12, 2017
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Thad missed two payments on his credit card. According to the Fair Debt Collection Practices Act, what action can the bank legally take to get the money from Thad?
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Guillermo Garza
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The bank can refer the debt to a collection agency to collect the payment from Thad in behalf of the bank.
The collection agency can then file a lawsuit in a proper venue, to prompt Thad to pay for his debt.
Alethea
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Mar 16, 2017
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