late payments

Buying After Late Payments

Posted by on Feb 4, 2011 in late payments

For those who end up with late payments, they may find that later on if they don’t catch up the payments they’ll end up in collections, where it will end up in the creditor’s collection department.   After collections aren’t paid for awhile, a creditor will eventually charge-off and write-off the debt as bad and uncollected debt.  Some creditors will seek to win a judgment through the courts within the statute of limitations by law.  Judgments can be...

Read More »