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Yes, the term is used to indicate a debt being written off as uncollectible by the original creditor. The debt however remains valid and subject to collection by a collection agency working for the original creditor or a third party that buys the account.

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โˆ™ 2005-10-10 19:24:22
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Q: Can a debt collector in the state of Michigan collect on a debt if they have already charged it off?
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Can an Ohio debt collector garnish your spouses income in Michigan if the debt was originated in Michigan-Are they bound to Ohio law or Michigan law?

The rule is the debt collector is bound by the laws of the state the collection action is being taken in. If the debt collector is not licensed or authorized in that state, it cannot legally act to collect the debt. Check with your state agency that licenses debt collectors. The debt collector can retain a local attorney to collect the debt, of course, and that would be under Michigan Law.

Can a company who bought a charged off account try to collect interest on the account?

Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.

Can you collect unemployment if you were fired for being in jail?

In most situations you cannot collect unemployment for termination due to incarceration. In the state of Michigan for instance, this is the one reason you can never collect unemployment. You may, however be able to collect if the charges against you are dropped, or you are acquitted of the crimes for which you are charged.

Statute of limitations on traffic tickets in Michigan?

A statute of limitations is to avoid being charged with a crime years after it occurred. A ticket has already been issued in Michigan, so there is no need for a limit. The issuing jurisdiction can collect on the ticket at any point. It was common to have a forgiveness of the fine on a regular basis, but with the economy the way it is, they are seldom offered.

What does a vexillologist collect?

Vexillologist - a collector of flags

What is the duties of a debt collector?

To collect debts.

What do I call a person who collect garbage?


What is a stamp collector?

{| |- | A stamp collector is often referred to as a philatelist. They like to collect postage stamps. What they collect varies from collector to collector. Some want every stamp a country has issued. Others want every stamp that shows a picture of a specific topic. |}

What do you call a person who like to collect anything?


What s a collector bill and what can i d with one?

Collect it.

What do you call people that collect tax?

Tax collector

What does a arctophilist collect?

Arctophilist - a collector of teddy bears

Can a debt collector call police to collect a debt?


What is the base word of collector?

the bass word is collect

What do you call a person who collect coins?

a coin collector

What did the tax collector of ancient Egypt do?

Collect taxes.

What is the name of a collector of postcards?

if you collect postcards you are a "post collector" it may sound funny but that's what they are called

Can you collect tadpoles in Michigan?


Can you collect unemployment if you are laid off in Michigan?

Yes you can collect unemployment in Michigan when you are laid off. You can find more information at the Related Link below.

You collect stampsWho are you?

The correct term for a stamp-collector is "philatelist".

What do you call a person who likes to collect shoes?

A shoe collector

What noun can be formed from the word collect?

The noun forms for the verb to collect are collector, collective, collection, and the gerund, collecting.

What does a plangonologist collect?

plangonologist - a collector of dolls

How much does a collector make?

A bill collector can make 35,000 a year. They usually receive a percentage of each account that they collect on as well.

Can a payday loan collector debt from a different bank account with out authorization?

The loan collector can collect from any account that you have provided access to.