Ask Question
30 September, 13:02

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?

+2
Answers (1)
  1. 30 September, 14:54
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Thad missed two payments on his credit card. According to the Fair Debt Collection Practices Act, what action can the bank legally take to ...” in 📙 Advanced Placement (AP) if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers