- Merchants and agents alike are capable of calling in and speaking to a live person. No long hold times or voicemails.
- We represent over 10 different banks and processors worldwide. Ensuring that agents are able to place the majority of the accounts they sell. Don’t miss placing a high risk merchant because your current solution only uses one bank.
- Our attrition rate is under 3% annually without contract termination fees! The industry average is over 20%. Merchants stay with us because of our pricing and support.
- We process hundreds of millions of transactions annually.
- Best of all, our agreement is non-exclusive! Work with as many different processors/banks as you would like. We guarantee we will earn the majority if not all of your business.
- Call today and let us show you how we can help increasing your residuals while also exceeding your expectations.
CREDIT CARD COMPANY – CAN THEY SUE YOU FOR DEBT
Credit cards has become a necessary part of every body’s life today, however the extreme level of convenience offered by it will tempt anyone to over stretch on their expenditure each month. Paying only the minimum payment every month is extremely tempting, however if the debt goes on building then you will end up with a huge credit card debt in a very short time and may even find it very difficult to pay back. It is at this point that the credit card companies those who were ready to help you at first become serious and even start to threaten to take you to court.
This isn’t a pleasing experience for any body, especially if you don’t understand your legal situation and aren’t sure whether they are capable of doing what they threaten. Sometimes you will have to deal with the card company itself and at other times you will be approached by personnel from any debt collection agency. These collection agencies don’t have a good reputation for integrity and honesty; hence you may wonder whether they are capable of doing what they threaten to do.
The actual fact is: a credit card firm has the power to take you to court, if it wishes to and it doesn’t really matter if you are being threatened by a collection agency or the card company itself. The agency will be representing the card company, or might have bought your debt and trying to recover it from you now.
The outcome of taking the matter to court is that, there will be a court order issued against you and the court will order you to make payments. The rate of interest will be decided by the court by considering your present financial circumstances. You don’t have to worry about going to prison due to credit card debt, however this will have a huge negative impact on your credit report and your credit rating will crash down and hence should be avoided. If you don’t pay your instalments even after the court has issued an order against you the consequences will get extremely serious.
Whether you will be sued by the credit card firms or not depends on several factors, however if you ignore the situation, the company will definitely take you to court. Although the credit card company is threatening to take legal action against you, it is never too late to prevent this by utilising one of the several options that are available to you.
Credit card debt is unsecured debt as it isn’t tied with any of your assets. If you have huge amounts of credit card debt, then there are basically 2 options for you to get out of it and make your life debt free again.
The 1st option is to opt for a “debt management plan”. Here a specialist firm will renegotiate your repayment terms with all your creditors and come out with a feasible plan. The 2nd option is “debt settlement”.
