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How can you find out if certain creditors have been marked charged off and it's not showing in your credit report?
Wiki User
∙ 18y ago
The only true way to know is either try contacting the creditor or keep a close eye on your credit report. If the account isn't showing on your credit report and you receive no coorespondence from a creditor, it can be very difficult. If you suspect an account is in default of contract and you cannot find information on the account, understand that if it isn't initially reported, the chances of it being reported are not very great.
Wiki User
∙ 18y ago
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What does it mean when an account has been charged off on a credit report?
Charged off is a shortened version of "charged off to profit and loss". This is an accounting term which describes actions taken by creditors to avoid showing loss (red ink) on their books. For a consumer, charge off is the same as a collection account. It is a defaulted debt that remains owing until paid in full, at which time it is called a paid charge off.
What side of ledger is payment to creditors?
credit
Who is called sundry creditors?
When company purchases materials from different vendors on credit, those combined creditors are called sundry creditors.
Who is charged for misusing credit cards?
People who misuse credit cards are charged for misusing credit cards.
What is sundry creditors on debit and credit side?
middle
How can one get instant credit card approvals?
Before a person can get an instant credit approval most creditors will check a persons credit score and current income. In order for approval it must meet certain criteria based on the individual creditors requirements.
What does it mean when an account has been charged off on a credit report?
Charged off is a shortened version of "charged off to profit and loss". This is an accounting term which describes actions taken by creditors to avoid showing loss (red ink) on their books. For a consumer, charge off is the same as a collection account. It is a defaulted debt that remains owing until paid in full, at which time it is called a paid charge off.
How can we calculate creditors payment period?
Average Creditors / Credit purchases = '?' x 360 = '?' ex. Average Creditors / Credit purchases = 50 000 / 120 000 x 360 = 0.4166 x 360 = 41.7 (average creditors = Creditors at the biginning of the year + creditors at the end of the year divided by 2) Average Creditors / Credit purchases = '?' x 360 = '?' ex. Average Creditors / Credit purchases = 50 000 / 120 000 x 360 = 0.4166 x 360 = 41.7 (average creditors = Creditors at the biginning of the year + creditors at the end of the year divided by 2)
How do you get your creditors list?
You can get a list of your creditors by checking your credit report. Most of all creditors will report to the agencies and will have a record.
Can your creditors change credit report entries from Bankruptcy to Charged Off or Collection after discharge?
No. All entries have to be marked "included in bankruptcy". Obviously that only applies if they were actually included.
What side of ledger is payment to creditors?
credit
What are Creditors for goods?
They are the people who credit others
Who is called sundry creditors?
When company purchases materials from different vendors on credit, those combined creditors are called sundry creditors.
Who is charged for misusing credit cards?
People who misuse credit cards are charged for misusing credit cards.
What fee is charged to transfer a credit card balance?
The fee charged to transfer a credit card balance varies from $0 to a certain percentage depending on the credit card company that you are dealing with. Chase Business credit card charges $20 per transfer whereas American Express One charges 10%.
What is the usual action of credit card company's toward nonpaying creditors?
Well after 6 years of not paying a dime to household bank the account has been charged off and the collection company is sueing me.
What credit score of the three do creditors use?
When you have all three credit scores pulled, most creditors look at the middle score. If you have onloy two credit scores pulled, they will use the lowest one.
