mmacdonald45 Posted June 6, 2007 Report Share Posted June 6, 2007 I see a lot of Settlement posts, but I'm wondering what the best and safest payment methods are when trying to settle.I have a CC in collections and am trying to settle, this is from 4 years ago. I have a joint credit card account with my girlfriend, with lots of credit and some spare cash. I would like to put it on the credit card and pay it in full. Is this a good idea? Please respond ASAP! Link to comment Share on other sites More sharing options...
2ndTimeAround Posted June 6, 2007 Report Share Posted June 6, 2007 ...You looking to pay your bad credit, with good credit? Not my first choice.... Do you self a favor, cut those credit cards up!!!If you have the cash, put money into checking account. Pay by check.That way you have a receipt you settled... Link to comment Share on other sites More sharing options...
mmacdonald45 Posted June 6, 2007 Author Report Share Posted June 6, 2007 Like I said, its an old debt, and it just above what I have n cash, I make plenty of money these days so I'm not worried one bit about paying off the other CC right away (i've learned my lesson) My question is, is there any harm in doing this? Can anybody foresee a problem with this? As I will have a record of this payment from the CC company which can't be disputed Link to comment Share on other sites More sharing options...
mmacdonald45 Posted June 6, 2007 Author Report Share Posted June 6, 2007 One more note, I read on this site that it is not wise to pay a collector with personal cheques. Please advise on both questions. Thanks so much Link to comment Share on other sites More sharing options...
jlt071997 Posted June 6, 2007 Report Share Posted June 6, 2007 I have a similar situation, having the cc to pay off the old debts. Wouldn't you still need to pfd to actually clear from the cra's? What about using one of those "checks" the cc sends to pay off your bills with? It looks like a personal check, but not your personal banking info printed on it. Those ca's won't let ya split the balance in a couple of payments, they always want it in full! Any help would be appreciated. Link to comment Share on other sites More sharing options...
willingtocope Posted June 6, 2007 Report Share Posted June 6, 2007 II have a CC in collections and am trying to settle, this is from 4 years ago.Who would you actually be paying? If its the OC, you're a little safer, but if you're paying through a CA, I'd suggest either a money order (of which, you make a copy) or cashier's check from a bank.(It really doesn't matter where you get the cash from...although putting it on another CC isn't the greatest...but, wherever you get, you DO NOT want a CA to have your account information or something with your signature on it.) Link to comment Share on other sites More sharing options...
thegame26 Posted June 7, 2007 Report Share Posted June 7, 2007 Yeah, don't give them anything with an account number (check or other card). Use a cashier's check or money order. Link to comment Share on other sites More sharing options...
mmacdonald45 Posted June 7, 2007 Author Report Share Posted June 7, 2007 thanks guys. Just to confirm, the CC is with AMEX not Mastercard fyi. Is this ok? Link to comment Share on other sites More sharing options...
willingtocope Posted June 7, 2007 Report Share Posted June 7, 2007 Again, if you're paying AMEX directly, any method of payment is okay.If you're paying a middleman CA...be paranoid.... Link to comment Share on other sites More sharing options...
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