Jose. DID they repo the car?? If not, I dont see how it could be correct.
Was this vehicle a repo at the time and were you paying the remaining balance to the collection agency or was the account a charge off? I am assuming that you are refering to Ford Motor Creit which I used to collect for. In most cases a 3rd party collection agency will purchase the account at pennies on the dollar or the account will be placed with a fee once the account is collected. It is the collection agency responsiblity to update the creditor of payments and in some cases update credit reports. Also it is a good idea to get a confirmed paid in full letter and to send it to the original creditor to make sure they update your credit report correctly.
It may be zeroed out w/ the orig company because they sold it to the collection people. DO NOT PAY COLLECTION AGENCIES ANYTHING!! google "fair credit act". lots of info
It goes to a collection agency, prepare to get annoyed and harassing phone calls
It is unlikely that the account was "sold" to a collection agency. Rather, the agency was contracted to recover the debt. The "charge off" of the account only affects the original creditor, and represents a loss reported against the company's taxes. If the collection agency has attempted to recover the debt and has been unable to, the original creditor will likely pull back the account and refer it to another agency in hopes of greater success.
It will, as long as the collection's date of last activity is within the last 6 months. Paying a collection resets the date of last activity and may wind up hurting your credit score. It is better to have an old collection with a balance than a new collection without a balance.
Prepaid insurance is reported on the balance sheet as a
== == Yes, when you transfer a balance you are required to close that account. Closing an account decreases your score up to 20 points. You then increase the balance of a new account. Opening a new account decreases your score up 20 points. If you have a balance on an account that is already open and your transfer more money into that account you are increasing your balance; which will decrease your score up to 20 points. So, be careful with this process, and be aware of the affects.
Balance of payments is a collection of accounts conventionally grouped into three main categories, with subdivisions in each. The three main categories are: 1) Current Account 2) Capital Account and 3) Reserve Account
An asset account is a "balance sheet" account. That is, when financial reports are created, the balances in asset accounts are reported on the balance sheet*, together with the balances in liability accounts and shareholders' equity accounts, and not on the income statement (which reports only revenues and expenses for the period of time ending on the balance sheet date.) *Another name for the balance sheet is the Statement of Financial Position.
A suspense account will be reported in the trial balance same order of your General Ledger or chart of accounts if there is a balance. However, most of the suspense accounts are nominal or clearing accounts meaning temporary and it will be closed every closing or at the end of the year.
Your account balance can easily be accessed by visiting your banker's site,click on account balance after putting your account no and you will have it instantly. Or you can update your bank passbook to ascertain your account balance.
Expense on the income statement. The COI or Merchandise Inventory is reported on the balance sheet as an asset.
A basic balance is the net balance of the combination of a current account and a capital account in a balance of payments.
An account is a record that represents a single thing to the company. Balance sheets represent multiple accounts. Accounts can at one time only be either a debit or a credit. A balance sheet is a collection of certain accounts presented in a statement, and includes both debit and credit accounts.
Yes, they can and it's customary for them to. The original account should have all the history, including late payments you made and the status (collection or charge off), the DLA, and date the account was opened. It should not be showing a balance due once sold or assigned to a collection agency. It may have a statement about being sold or transferred, but not always. The CA account should have the date they received, or were assigned, the account and the current balance (often with interest added in). The DLA should not have changed.
where do i go to check my balance in my account
Assets and liabilities are reported on a balance sheet
BOA and United Community bank are two very good options at this time in NC
I want to chek my account balance
The normal balance in a capital account is a credit. Capital is a balance sheet account. Assets = Liabilities + Capital
You can register for an online account to check the balance of your SBI account. You can also call SBI and check your balance.
A contra account balance is a debit balance account. It is a general ledger account that has a balance that is an exact opposite of a normal balance. Contra accounts are generally used to report the gross and the net amount of an organization.
what is the mod balance in account what is the definition of mod balance
account payable increase on trial balance