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Can credit card company continue to charge interest after death until the account is paid in full in North Carolina?
Wiki User
∙ 8y ago
They can but it probably would not be seen as payable if the deceased estate enters into probate. It depends upon the laws of the state the person resided in. If there is no estate and the person was the only account holder, then the debt is uncollectible, so any such charges would be irrelevant.
Wiki User
∙ 8y ago
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If a credit card account has been sold can the new company continue to charge interest?
in fact they do
Can a credit card company close your account charge it off and still continue to add late fees and interest to the account?
they can if it contains a balance. if they charged it off and gave you a zero balance and a pay off letter then they cannot. If they closed the account and reduced the amount you owe you are still responsible for the payments including late fees and interest.
Micro Fish Company recognized 10000 of interest expense in 2007 The balance of the company's interest payable account decreased 2000 The amount of cash paid by the company for interest in 2007?
Company has paid 2000 cash for interest due to which interest payable reduced by 2000.
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.
How can you use interesting in a sentence?
I have a particular interest in Astrology. A company may try to interest its customers in online shopping. I receive very little interest on money in my checking account.
Can a company who closes your account try to collect interest three years after closing the account?
Yes, if you still owed a balance at the time the account was closed. Just because a company closes an account does not mean that any balances that are owed to them disappear. If your account was closed and there was still a balance outstanding and you did not pay that balance, the company has every right to collect the balance and any interest outstanding.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
Can a credit card company keep adding interest on a closed account?
Yes, until the account balance is paid in full.
Can you earn interest from a credit card if you have a positive credit account and does the credit company have to pay you interest for borrowing your money?
You cannon earn interest from a credit card if you have a positive credit account. The bank will simply give you a refund if you have overpaid.
Can a credit card company still continue to charge interest if the debt has been charged off?
Yes, a "charge off" does not indicate that the debt is no longer valid. The creditor has several options on how to collect monies owed after the account has been charged off.
Which company offer the best cd interest rates?
The company which offers the best cd interest rate is constantly changing as banks and building societies try to out do one another. The best option would be to compare interest rates on the day of opening the account.
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.
