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After a credit account is settled can the credit company still bill you?
Wiki User
∙ 8y ago
If your account has been "settled", then by definition, you do not owe them anything, therefore there is nothing for them to bill you for. If they keep sending you a monthly "bill" so to speak, it is probably merely a statement (this is an indication that even though you have paid them off, your account is still "open"...i.e., you are free to continue using the credit card if you want to), and it should indicate "0" in the box labeled "amount owed" or "payment due". If this is not the case, call your credit card company at the customer service phone number on the back of the credit card, and they will help you figure out what is wrong, or close the account if that is what you want to do.
Wiki User
∙ 8y ago
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Do you still have to pay a debt that shows its been settled on your credit report?
Call your credit card company and inquire. If you can not get through, cancel the card.
What does a credit card debt settlement work and how does it affect my credit?
Usually, they contact the cc company. Negotiate a lower rate. You pay the settlement company directly instead of the cc company. The effect varies depending on the cc company and the credit report company. It may say that the account is in some type of deliquency despite the fact that you are paying it off. It may just say the account is closed and show your balance (which still lowers your score because it increases your debt to credit ratio since you have a balance despite no credit available.) It won't be horrible on your report though. You can still have good credit despite doing this.
Your credit report has two creditors with the same credit card number?
usually this is because the original lender sold the account to a new lender which takes on the loan/debt, but the paper trail is still left on a persons credit report. If a company goes out of business they also liquidate their assets/accounts to another creditor. It also can be because the person did not pay on the account and it was sold to another creditor or a collection company. The most rare case would be that there is a mistake on a persons credit file and should contact the credit report company.
Can a credit card company raise your interest rate after you have closed an account?
If you still owe them money then they can change the interest rate, providing they are changing it for everyone and not as a penalty for leaving.
How many years of not making a payment can a credit card company still collect from you?
as long as they want to, Generally they will sell the account to a collegetion agency after 6 months of non-payment
Do you still have to pay a debt that shows its been settled on your credit report?
Call your credit card company and inquire. If you can not get through, cancel the card.
Can a credit card company allow a charge on an inactive credit card?
Sure they can. Inactive means it hasn't been used for a while, but it is still a valid account.
Can a credit card company report a 30 day late on a closed account that still has a balance?
If a credit card is closed it cannot have a balance. Just because you have stopped using the ard you cannot declare the account closed. If you owe even one penny, the account is open and the credit card company can 'report a 30 day late'
How do you find out how much the lawyer paid the credit card company for your debt?
Write to the company and ask them ! Even if your case is being handled by a lawyer, your account is still 'live' at the card company.
What does a credit card debt settlement work and how does it affect my credit?
Usually, they contact the cc company. Negotiate a lower rate. You pay the settlement company directly instead of the cc company. The effect varies depending on the cc company and the credit report company. It may say that the account is in some type of deliquency despite the fact that you are paying it off. It may just say the account is closed and show your balance (which still lowers your score because it increases your debt to credit ratio since you have a balance despite no credit available.) It won't be horrible on your report though. You can still have good credit despite doing this.
Can you have a credit account and still receive SSDI?
no
Are you liable for credit card debt if the credit card company has your Social Security number wrong?
If you held the account in name either solely or jointly and used the credit available you are still responsible for the debt, the error of the SSN is irrelevant.
How to close an account that is showing open on your credit report?
If the account is still open, then contact the company that owns the account. If the account has been closed, then contact the bureau and dispute. The FCRA mandates penalties for those businesses which falsely report data when asked to correct it.
If you close a credit card can a merchant still charge the account?
No, if you close your credit card, a merchant will not be able to charge the account. When the merchant attempts to get an authorization, it will come back declined.Now, if a merchant received an authorization before the card account was closed, the authorization will be honored.A merchant may attempt to force a credit card transaction without an authorization, but the credit card company will not pay it.http://paymenttransactionsystems.comhttp://merchantpos.net
Your credit report has two creditors with the same credit card number?
usually this is because the original lender sold the account to a new lender which takes on the loan/debt, but the paper trail is still left on a persons credit report. If a company goes out of business they also liquidate their assets/accounts to another creditor. It also can be because the person did not pay on the account and it was sold to another creditor or a collection company. The most rare case would be that there is a mistake on a persons credit file and should contact the credit report company.
If you have an account that went to a collection agency however you paid it in full how long does it take for that collection account to be removed from your credit report?
It sticks for 7 years. The fact that it was turned over to a collections agency will make it to your credit report. When it is paid in full, it will say "settled" on your credit report so other creditors know you took care of the debt. Even so, it still haunts your credit report for 7 years.
What does it mean when an accout on your credit report says closed but there is still a balance?
One of two things. First, you still owe the money. but you can not use that credit account anymore. or Second, you have paid off the account and the creditor has not notified the credit bureaus that you have paid this account in full. If it is paid in full, I suggest you notify the credit agencies.
