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How can the debt be cleared?

Updated: 9/21/2023
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Q: How can the debt be cleared?
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What is the best way to have debts cleared by collection agencies?

The best way to have a debt cleared by a collection agency is to pay the outstanding debt off. The only other way to clear it off is to provide proof that the debts are not valid.


What can be done to you if a debt goes into collection?

AnswerFind out who the collection agency is, if you don't know, and pay the debt off immediately. As soon as the debt is payed get it cleared from your credit report.If you debt is business to business, then plays different rules compared to consumer debt, laws and rules applied to debtor and protect also the business that place the account to a commercial collection agency, if you have a lawyer ask him to talk to the collectors if not, talk to them, explain your situation and offer work with them to pay off the debt


How can I correct a debt that was transfered and reported twice on credit report?

8 out of 10 people have negative, errors or derogotory items on their credit report. This can be disputed.As I was reading this question, it could be a timing difference between when each credit card reports your debt. It can either be cleared up in the month or if it is a debt that went into collections then see paragraph above.


Who is responsible for your tax debt after your death?

The estate is responsible for the tax debts of the deceased. That means before the estate can be settled, all debts, including taxes, have to be cleared. If there is not enough in the estate to cover them, they may not get paid.


What you call for cheque which is not cleared?

If cheque is not not cleared then it is called "Bounce".

Related questions

What is the best way to have debts cleared by collection agencies?

The best way to have a debt cleared by a collection agency is to pay the outstanding debt off. The only other way to clear it off is to provide proof that the debts are not valid.


How do you find out when my name will be cleared from telecheck system?

Good question. If you have settled or explained satisfactorily the debt it should be cleared close to immediately. You can call Telecheck at 800-366-2425, maybe they will tell you. If you haven't settled the debt, it is supposed to be removed from their system after 7 years.


What if a Vehicle storage company auctions my vehicle for more than what I owe them?

Your debt is cleared and they will keep the profit


Who is responsible for mortgage debt after death?

The mortgage debt is the responsibility of the estate. The mortgage will have to be satisfied before the estate can be closed. Before anything in the estate can be distributed, the debts have to be cleared.


What are some ways credit card debt can be cleared?

Credit card debt can be cleared by making more than the minimum payment each month. For example, making only the minimum payment on a large balance can keep you in debt for several year. Paying extra principal, even if it is only a little bit, will decrease the interest you pay next month. If you continue to make larger payments, your debt will be eliminated in months instead of years.


When twenty is subtracted from zero what is the result?

0 - 20 equals -20. Like a debt that can only be cleared by adding 20


Which country has the most money?

The Republic of China has the most government money. It has positive money flow while U.S. is in negative. The u.s. has lots of debt and China has cleared most of it's debt. U.S.'s debt comes near 14 trillion dollars.


What is the fastest way to pay off debt?

To pay off existing debt, Dave Ramsey (www.daveramsey.com/) recommends this method: Rank your in terms of amount with the smallest debt first. Get your budget in order. When you pay your bills, pay only the minimum amount except for the first debt (the smallest) on your list. To that one debt, apply as much extra as you can, which will pay off that debt more quickly. When you have cleared the first debt on the list, apply this method then to the next debt. Continue until each debt is cleared. Many people try to pay $10 or $20 extra on all the debts, which doesn't do a lot of good for any of them. Focus any extra funds (which requires cutting a lot of extras from the budget) on a single debt as you work through the list. Avoid debt counseling, which costs more of what you already don't have enough of.


How do you handle the remaining debt to avoid garnishment once your credit is cleared?

If you can't pay off the debt in full, you can offer a payment agreement to the collection company. If they accept, you will have to pay as agreed to avoid further collection action and/or garnishment.


Who is responsible for credit card debt after death in Georgia?

In Georgia it will be the responsibility of the estate. No will is necessary to open an estate. Before anything in the estate can be distributed, the debts have to be cleared.


What can be done to you if a debt goes into collection?

AnswerFind out who the collection agency is, if you don't know, and pay the debt off immediately. As soon as the debt is payed get it cleared from your credit report.If you debt is business to business, then plays different rules compared to consumer debt, laws and rules applied to debtor and protect also the business that place the account to a commercial collection agency, if you have a lawyer ask him to talk to the collectors if not, talk to them, explain your situation and offer work with them to pay off the debt


How can I correct a debt that was transfered and reported twice on credit report?

8 out of 10 people have negative, errors or derogotory items on their credit report. This can be disputed.As I was reading this question, it could be a timing difference between when each credit card reports your debt. It can either be cleared up in the month or if it is a debt that went into collections then see paragraph above.