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IF the CA was assigned the debt by the lender, IF the CA bought the debt from the lender, most important, IF there was a judgment against the debtor. YES. 6 yrs of interest adds up.


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โˆ™ 2015-07-16 18:05:44
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Q: If a car was repossessed and the amount due was 15K dollars can a collection agency claim to be collecting the amount due plus interest seven years later?
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Related questions

Can a million dollars double in a year on interest?

You can,t a million dollars interest from a million dollars but you can get half a million dollars

How much interests is on 4 million dollars?

That depends on the interest rate. If the interest rate is 1%, the interest is 40,000 dollars yearly. If it is 2%, the interest is 80,000 dollars yearly, etc.

Whats the interest on 1800 dollars?

The interest on 1800 dollars depends on the rate being used.

Interest earned on a billion dollars?

You can earn a lost of interest on a billion dollars. The amount of interest you will earn will depend upon your rate of interest and how long you leave it in the bank.

Can a car be repossessed if the note is fifty dollars delinquent?

Unfortunately, yes. You have to talk to the lender.

Can your car be repossessed if you only owe 450 dollars?

As long as the 450.00 is in DEFAULT, it can be repoed.

If you pay twenty dollars a month on a hospital bill can they turn you into a collection agency?

I will pay twenty dollars a month on a hospital bill into a collection agency

What is the biggest G.I. Joe collection?

The largest GIJOE collection that i am aware of is in excess of a half million dollars, and there are handful that are in excess of a quarter million dollars.

If you invest 6000 dollars today ata nine percent interest rate what is the amount of interest after thirty years?

The total interest would be 73606.07 dollars, approx.

Why is the church collecting ten dollars?

There are many reasons that the church may be collecting $10. You should ask what the $10 donation is being applied to.

What is the future value of 10000 dollars with 3.78 percent interest in 2 years?

In two years, the value of 10,000 dollars with 3.78 interest would be 10,770.29 dollars. An increase 770.29 dollars would be realized.

What is 12 percent interest of 3000 dollars?

12% of 3000 dollars = 3000*12/100 dollars = 360 dollars.

How much interest does 3 billion dollars make a year?

At current interest rates 3 billion dollars would earn about 30 million dollars a year before taxes.

How expensive is furniture from The Horchow Collection?

The Horchow Collection is a luxury brand whose items are generally several hundred dollars when on sale. They have bedding and furniture that is a few thousand dollars.

How much interest do you get from a bank each month if you have 150000 dollars in it at 9 percent interest?

9% of 150000 dollars = 150000*9/100 = 13500 dollars 13500 dollars per year = 13500/12 = 1125 dollars per month.

What does the compound interest refer to?

It means that the interest is added to the capital, before calculating the interest for the next period.For example - to simplify calculations, I'll use a 10% interest rate, and an initial capital of 1000 dollars:With simple interest, you get 100 dollars every year, 300 dollars in 3 years (for a total capital of 1300 dollars).With compound interest, the first year you get 100 dollars interest (10% of 1000).This is added to the capital, so you have a capital of 1100. Next year, you get 10% of 1100 in interest, i.e., 110 dollars.Now, your capital is 1210 dollars. The third year, you get 121 dollars capital.After 3 years, with compound interest, you have a capital of 1331 dollars.This calculation is simplified with powers: Every year, your capital increases by a factor of 1.1, so after 3 years, you have a total of 1000 x 1.1 x 1.1 x 1.1 = 1000 x 1.13 dollars.

The concepts of simple interest and compound interest?

With simple interest, you just multiply the capital, the number of years, and the yearly interest rate. For example, for a capital of 10,000 dollars, 3% interest, 10 years, that would give you 10,000 x 3/100 x 10 = 3,000 dollars interest.With compound interest, after the end of every year, the interest is added to the capital, before calculating the interest for next year.In the example above, the first year you get 10,000 x 0.03 = 300 dollars. This is then added to the capital, before calculating the interest rate for the next year; so, the second year you get 10,300 x 0.03 = 309 dollars interest.

Can a collection agency add interest to medical bills that are not charge offs plus a down payment of 500.00 dollars or more?

No indication of where this question comes from. You will have to check the laws in your state to determine if these charges are legal.

How much interest will you earn on eight hundred thousand dollars?

that depends on the interest perscent

How much interest will you earn on 74.3 million dollars?

Depends on interest rate where deposited.

How much interest will be paid on 350 if the rate of interest is 18 percent?

63 dollars

How much interest will1 million dollars earn at 6 percent interest?


How much daily interest on one billion dollars?

About $375,000 per day interest.

How much interest rate daily of fifty million dollars?

That depends on the interest rate; this has been varying widely in recent years. Multiply the capital (the 50 million dollars) by the yearly interest rate; divide the result by 365 to get the daily interest.

How much is Fifty million dollars at daily interest rate?

5 thousand dollars

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