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If you had a repo on your credit report then it changed to a charge off does this mean the finance company just wrote it off?
Wiki User
∙ 8y ago
Charge off is an accounting term. You still owe the money. Make them an offer IF the debt is NOT past the SOL. You say they DONT have a judgment YET so it sounds like it may be OLD. Its strange they would ask for 1/2 the balance if they don't have a judgment.
..looking for more clarification on this. If the car payment that supposed to be a repo in Illinois is showing Charged Off on credit report. Bank recently called looking for the owner and wondering where the car is at after about 18 months or more. What options is available to work this out with them at a fair cost?
it's probably not the bank calling, if it shows on your credit report as charged off they more than likely sold it or transferred it to a third party. third parties will go through any means necessary to try to obtain the money, so i would some research and ask a lot of questions first before you pay any money. and if you decide to settle the debt bargin for complete removal from your credit report and nothing less. you have to get something out the deal becasue all they want is your money.
Wiki User
∙ 8y ago
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What is done with the finance charge assessed by a credit card company?
added to the balance
What is done with the finance charge done by a credit card company?
added to the balance
Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance?
$2.99
Sara had a previous balance of 449.13 carried over from last months credit card bill The credit card company assessed a 6.74 finance charge What is Saras new balance?
$455.87, assuming Sara has not made any additional charges on her card since receiving the previous credit card bill. When a credit card company assesses a finance charge, the finance charge ($6.74) is added to the existing balance ($449.13) to arrive at a new balance ($455.87). As an aside, if possible, Sara should revolve (carry) her balance on a credit card that charges a lower rate since the $6.74 finance charge represents 18% (17.7%) on an annualized basis.
The dollar amount that is paid for the credit?
finance charge
What is done with the finance charge assessed by a credit company?
added to the balance
What is done with the finance charge assessed by a credit card company?
added to the balance
What is done with the finance charge done by a credit card company?
added to the balance
Monique's previous credit card balance is 199.26 and she has a monthly finance charge of 1.5 How much will the credit card company assess in finance charges on this balance?
$2.99
Sara had a previous balance of 449.13 carried over from last months credit card bill The credit card company assessed a 6.74 finance charge What is Saras new balance?
$455.87, assuming Sara has not made any additional charges on her card since receiving the previous credit card bill. When a credit card company assesses a finance charge, the finance charge ($6.74) is added to the existing balance ($449.13) to arrive at a new balance ($455.87). As an aside, if possible, Sara should revolve (carry) her balance on a credit card that charges a lower rate since the $6.74 finance charge represents 18% (17.7%) on an annualized basis.
The dollar amount that is paid for the credit?
finance charge
Can you be charged an over limit fee because of a finance charge?
Yes. By definition whenever your balance goes over the limit, whether it's due to a purchase, late fee, or regular finance charge, the credit card company can charge you an overlimit fee. But you may call the company to try to get it waived.
What is The dollar amount you pay to use credit?
Finance Charge
Is there a minimum finance charge on either of the major credit cards?
No
Can the finance company charge 39.91 APR on your car loan in Greenville SC what the set rate max that can charge?
If you signed your contract, more than likely the finance company is not going to change the APR rate. But, on the other hand if the finance company is a direct lender.. then you can try to refinance with the current lender or another lender to get a lower APR rate - depending on your credit rating at the time.
Sara had a previous balance of 449.13 carried over from last month's credit card bill The credit card company assessed a 6.74 finance charge What is Sara's new balance?
455.87
Can a company charge your credit card without your permission?
No, a company can not charge a credit card without permission. This violation should be reported immediately to your credit card company.
