If my company credit card go to collection can I use a debt consolidation service to compensate it rotten? I ended up using my company credit card for personal use while


I ended up using my company credit card for personal use while on medical check out of. I was not competent to pay it sour completely right away and it was sent to a collection agency. I enjoy a very horrible debt collector calling me all the time in a minute (which is to be expected) but her story seems to make over so I'm not sure if she's being honest or using alarm tactics.
I contacted a debt control program and am working on paying off the debt over the subsequent 12 months. Meanwhile, this woman keeps calling me and presently she's apparently (according to her latest voice-mail) set up a conference bid with my corp organization tomorrow.
I'm just wondering if there's some foundation using a lump sum settlement won't work on a corporate card?
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why not use debt consolidation to repay it off BEFORE it go to collection?

see if your company can help you out. it is at hand card if you default.

Answers:    Debt Settlement, also called debt negotiation is an arrangement between a debtor and a creditor to repay a debt roughly for a for a lowered payoff amount. When a debtor is not able to compensate the debt any more for any reasons, debt settlement is the solitary option that remains.

Generally, simply unsecured debts, like those accrue with credit cards , can be negotiate for settlement. This is because of the fact that nearby is no security attached near unsecured debts. Hence, the lender can't repossess anything. On the other hand secured debts, close to home loans, mortgages, car loans etc. enjoy a collateral attached to them and can be repossessed by the lender if a default on debt occur. So, there is no debt settlement or negotiation next to secured debts. Read more about it at: http://www.credit-card-gallery.com/artic...
Depends upon your company's policy on personal credit card use. Some companies do not allow it and nearby can be consequences (lose your job, frills your wages). Can't you borrow from a bank to settle the card?
if your going to do a debt consolidation loan why would you not include this credit card?



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