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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?

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?

User Guillermo Garza
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1 Answer

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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.
User Alethea
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