This company, which is now bank of america, engages in predetory practices with young, financially ignorant consumers. They will ruin your credit.

I had a Clout Visa Credit Card in 2005 that had a credit limit of $500.00. I was making payments on the account until all of a sudden the company disappeared. At that point I was unable to make payments because I was unaware of how to make the payments. There was no website or a phone number. In November 2008 I received a called from eastern asset management that stated that they have a balance from 2005 assoicated with clout visa. I proceeded to ask the representative what happened to the company and why are they just know getting in contact with me and she stated that the only collect the money for clout visa. The company the threatened to garnish my wages because they stated that i was asking too many questions that I just needed to pay the balance. i just need some advice as to what i need to do because as I was attempting to research Eastern Asset Management they were untraceable just like clout visa. Help Please!

The company is charging me a ridiculous amount of money for an acount I believe I paid off about 4 years ago.