YES, COLLECTION ACCOUNTS ARE VERY TRICKY! IF THE ACCOUNT HAS DELINQUENCIES, THOSE MARKS WILL STAY ON YOURFOR 7 YEARS FROM THE DATE THEY WERE REPORTED. IF YOU INQUIRE ON THIS ACCOUNT IT WILL TRIGGER THE RESTAT PROCESS AND YOU WILL HAVE TO WAIT ANOTHER 7 YEARS BEFORE IT DISCONTINUES TO AFFECT YOUR CREDIT SCORE! SOL = Statute of Limitations This term refers to the time period allowed by state law during which a creditor may sue a consumer to recover money owed. Not only does SOL vary from state to state, but it also varies by the type of debt. Under certain states' laws, making payment arrangements can re-start SOL. SOL is very different from the reporting time period. Reporting time period is established by the federal law, the Fair Credit Reporting Act. It is set for derogatory accounts as 7 years from the month/year you last paid an account on time immediately priof to that accounts' default. Nothing can legally change this time period.
If the letter is inquiring, requesting, or complaining, the outcome is requested in the last paragraph, sometimes called the 'call to action' paragraph.The last paragraph of a business letter should include:a statement of the expected outcomeany information for the recipient to follow up (phone numbers, address, email address, pertinent dates, etc.)a 'thank you' for the recipients time and attention to your needs
When an event is repeated, the probability of it occurring is squared. For instance, if an outcome had the probability of 1/4, then the outcome happening twice would have a probability of 1/16. Note, however, that this does not mean that the second event has different probabilities. That particular outcome will always be 1/4, regardless of anything that happened before it.
A:There are two key ways of deciding whether an action should be judged as good or bad. The first is to say that the action was good if the person's intentions were good, or bad if the intentions were bad, regardless of the outcome. The second is to say that the action was good if the outcome was good, or bad if the outcome was bad, regardless of the person's actual motives. Under criminal law a person is more likely to be judged as guilty if it is found that the person actually intended to do wrong.
An outcome is the result of a single trial. For example, if I roll a die, one outcome would be a six. An event is a collection of one or more outcomes. Using the example of rolling a die, an event might be rolling two sixes in a row. Thus this event is comprised of two outcomes - rolling and six and rolling another six.
The collective nouns for kangaroos are:a troop of kangaroosa mob of kangaroosa herd of kangaroosThere is a misconception that a small group of kangaroos is called a court. "Court" has no reference at all to a group or collection of kangaroos. A "kangaroo court" is quite different, and refers to sham legal proceedings where the outcome is decided more or less in advance, regardless of witnesses and the appearance of genuine proceedings.
No! The only obligation of the collection agency regarding a debt is to accurately report the debt...i.e. balance outstanding, current status, and payment history. However, if you are paying or contemplating paying a collection agency, it would be wise to negotiate a positive outcome...i.e. the total removal of the account from your credit profile in exchange for payment. This should be negotiated prior to paying the collection agency and the agreement should be in writing.
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