0
Yes, they can still sue you even if they have written off the debt as long as they file a lawsuit before the statute of limitations expires. Writing off the debt allows them to take a loss for tax purposes. If they do sue and collect from you, they have to report it as new income.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
Can a credit card company reopen a charged off account?
No, a credit card company will not reopen a charged off account. They may choose to grant you a new line of credit, but this would be rare.
How little does your credit card debt have to be for the credit card company to charge it off as uncollectible?
any amount due them
Can you get out of credit card debt?
Yes, you can. Simply pay the credit card company what they are owed, or have the debt written off.
What does it mean when an outstanding account balance is closed on your credit report and the balance is shown as zero but you did not settle the debt from four years ago?
Most likely the credit card company wrote off the debt. However it will show on your credit as a write off, and your credit is still negatively affected by this. You did not receive a get out of jail free card.
Where do I go to pay off my credit card debt?
Your credit card company. You should be able to call them and pay your bill/debt over the phone or be able to do it on the internet on your credit card company's website.
Is paying off your credit card bad?
Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.
Can you use a credit card to pay off other credit cards?
Yes. Contact your credit card company. They will need the account numbers of your other credit cards.
Can I use my credit card after I pay off the collections agency?
No. Once it is sent to a collection agency the company has closed the credit card.
If a credit card company says you owe them money but it is not on your credit report do you have to pay?
If it isn't on your credit report, the credit card company still has hopes of you paying it off. When they see that isn't going to happen, you can bet your butt that it WILL be on your credit report.
How do you get a credit card 'Closed' on your Credit Report for a company which is out of business to reduce your available outstanding credit?
I would dispute it with the credit card companies and once they will have to take care of it or will either not be able to contact the company and therefore have to take it off.
When can a credit card company charge off your account?
after 30 days or sooner
Will credit card company close your account once you pay off your balance?
no
