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SPECIAL MEETING PONCHA SPRINGS BOARD OF TRUSTEES 330 BURNETT AVE., PONCHA SPRINGS, CO WEDNESDAY MAY 10th, 2017 6:00 p.m. The meeting was called to order at 6:00 p.m. by Mayor Scanga, who asked for
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01
Gather all necessary information about the delinquent credit card account including the account number, balance, and payment history.
02
Contact the credit card company either by phone or through their website to discuss the delinquency and make arrangements for repayment.
03
Negotiate a payment plan with the credit card company that fits your financial situation and ability to pay.
04
Make payments on time as agreed upon in the repayment plan to avoid further delinquency and potential negative consequences on your credit score.
05
Monitor your credit report regularly to ensure that the delinquent account is being reported accurately and that your payments are being correctly applied.

Who needs credit card delinquencies are?

01
Individuals who have missed credit card payments and are at risk of having their account become delinquent.
02
Individuals looking to avoid negative consequences on their credit score due to delinquent credit card accounts.
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Individuals seeking to responsibly manage their debt and improve their financial well-being.
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Credit card delinquencies refer to the status of an account when a cardholder fails to make the required minimum payments on their credit card by the due date, typically for a period of 30 days or more.
Credit card issuers and lenders typically are required to report credit card delinquencies to credit reporting agencies when a payment is not received for 30 days or more.
To report credit card delinquencies, issuers must provide details such as account number, delinquency date, amount overdue, and any actions taken regarding collections.
The purpose of reporting credit card delinquencies is to inform credit reporting agencies of an account holder's failure to pay, which can affect the individual's credit score and ability to obtain future credit.
Information that must be reported includes the account holder's identification details, the delinquent amount, dates of missed payments, and any collection actions taken.
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