answersLogoWhite

0


Best Answer

Hi , Yes there won't be problem for bad cderit .Write to me the exact details of your home -the price , the state and all details .Am a loan officer and i will provide the best rates for you .You provide the details to me at my e-mail or call me after 6 pm (mountain time) at 480.751.4125 for the details . I will surely ask my lenders and my manager to look into your case.regards,kish

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How long before credit card debt is written off in the UK?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What type of services does 800 Credit Card Dept offer?

800 Credit Card Debt helps you consolidate all of your credit card debt into one monthly payment. They do this by contacting your credit card debt companies and negotiating a payment for you.


Do you have to pay taxs on credit card write off?

When you have a bankruptcy, you will receive a 1099 for your credit card debt that is written off. Some companies will not send one but you will have to include the ones that do on your tax return.


What is the statute of limitation for a credit card debt?

The limit does not exist!


If a Credit card company wrote off the debt and took a tax credit 4 full unpaid debt what legal rights does the credit card have in transferring rights to a collection agency?

Credit card companies win whether you paid or not. They write-off the credit card debt at the end of the year on their taxes, they also hedge their burden for increase risk by having insurance so they recover some of your losses from your default and they can sell their uncollectable debt to a third party (collection agencies). What rights do you have? The Fair Debt Collections Act. Your debt is with the original creditor (Credit Card Company) and not the collection agency any money you pay should be to the original creditor.


Can credit card companies submit your debt to the IRS as income and make you pay taxes?

They can, and are actually required, to submit your debt to the IRS. If they have written the debt off, it is essentially income to you. It is as if they gave you the amount of the debt. Which means that you have to pay income tax on that income.

Related questions

Can you get out of credit card debt?

Yes, you can. Simply pay the credit card company what they are owed, or have the debt written off.


Am I liable for my husband's credit card debt incurred before we met?

NO


What is the difference between a debt card and a credit card?

The diffference between a debt card and a credit card is ,in a debt card it's money from your account .In a credit card is when you borrow money from the bank.


Where can I get advice on credit card debt solutions?

I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?


Could You Get Garnished For A 1900 Credit Card Debt?

There were no credit cards in 1900, hence no credit card debt.


When are you in credit card debt?

A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.


What is the Statute of Limitation period for a credit card debt in Ontario?

For a written agreement; which involves a credit card debt is 4 yours from the date of last activity or last payment. Once this expires, the debtor can no longer collect on this debt, or sue you for this debt.


Is an additional credit card holder liable for the whole debt on the credit card account?

ia an additional credit card holder liable for the whole debt of the credit card account


Who is responsible for outstanding credit card debt if bank cancels your credit card?

You are because you incurred the debt.


What type of services does 800 Credit Card Dept offer?

800 Credit Card Debt helps you consolidate all of your credit card debt into one monthly payment. They do this by contacting your credit card debt companies and negotiating a payment for you.


Is paying off your credit card bad?

Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.


Is an authorized credit card user responsible for credit card debt if the primary card holder declares bankruptcy?

No. The card holder is responsible for all debt on the credit they extended to him. (You may be responsible to the credit card holder for the debt he incurred for you, if that was your agreement).