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What else can I help you with?
What does Account closed by consumer mean?
The wording "Account closed by consumer" means that "you", and not the lender, closed the account. It usually indicates that there was no problem on "your" behalf with the account.
Credit card closed by issuer affect credit score?
Yes. Creditors report to the credit reporting agencies the terms under which an account is closed. It looks bad and is a slightly more derogatory status when an account is closed by the lender vs. closed by the customer.
Can you be arrested if the auto lender comes to repo the car and you dont have it?
Not at the time the lender seeks repossession of the vehicle, but if it is found that fraud has been committed (vehicle hidden, sold, etc.) them criminal charges could be applicable.
How do you dispute a closed account that was charged off and sold to another lender?
You can't dispute the fact that it was sold to another lender. you can dispute the account if the information is incorrect. To do that, you have to fill out a form provided by the credit bureaus (TransUnion, Experian or Equifax) or write a dispute letter.
What can you do to have your name removed as co-signer if the borrower signed your name?
That is a criminal matter. File a police report and press charges. Perhaps someone at the district attorney's office could advise you further.You need to notify the lender of the forgery and send a copy of the police report.That is a criminal matter. File a police report and press charges. Perhaps someone at the district attorney's office could advise you further.You need to notify the lender of the forgery and send a copy of the police report.That is a criminal matter. File a police report and press charges. Perhaps someone at the district attorney's office could advise you further.You need to notify the lender of the forgery and send a copy of the police report.That is a criminal matter. File a police report and press charges. Perhaps someone at the district attorney's office could advise you further.You need to notify the lender of the forgery and send a copy of the police report.
Can a lender charge you interest in Illinois on the remaining balance of a car repossessed?
The lender can charge you interest on the LOAN, as long as it is not charged off. Once the loan is charged off, the account is essentially closed. It is at this point that they will begin legal proceedings and the big charges are added to the balance: court costs, legal fees, collections costs. And these do not stop mounting after the judgment is granted. It just keeps going.
Can a lender charge a fee for sending out for a repo even though they never got your truck and you caught up your payments?
READ your contract. You likely agreed to pay ALL fees and charges need to COLLECT the account. The reppo was a tool used to collect the account. Yours wasnt the first contract they wrote. Lenders have CLOSED all the loopholes long ago.
If your VISA account is closed by lender because you wrote too many complaint letters and called them incompetent will this affect your credit score if there are no late payments?
No, I don't think so. I went through something similar with household bank and my account was closed. But I was never late so they continued to report as current. However, on my credit report it states account was closed at consumer's request. So they may put a note with our account, but they can only report what is true; that you are either current, late or closed account but paid satisfactory. Hope this helps.
Can charges be filed against you if you co signed for a car and the creditor is trying to repo it?
Criminal charges are not applicable. Financial responsibility is to the extent the lender wishes to pursue collection of the debt including but not necessarily a lawsuit. An exception in some states of a person committing a criminal offense would be if a replevin order is in effect and the vehicle is deliberately "hidden" from the repossession agent.
Can a payday loan company take you to court for nonpayment and bad check in Texas and can their be criminal charges?
Any lender can file suit against the debtor/borrower to recover monies owed. In the matter of criminal charges being brought concerning the check that depends upon the circumstances. For example, if the person wrote the check knowing he or she did not have the funds in the account that could be construed as a deliberate attempt to defraud. Usually the person is given the chance to make the check "good' plus any fees connected with the transaction before any other action is taken.
Is it a criminal case if you fail to repay your personal loans?
No, but the lender can take action against you to pay back. your lender can mess up your credit.
Do you provide your bank account number to the lender when you apply for a mortgage?
When you fill out the 1003 form for the lender, you include information regarding your bank accounts, which they will verify with the account number you give them.
