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Yes they can and they probably will.

if you are concerned about your credit profile, it would not be a good idea to stop paying.

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โˆ™ 2010-09-20 15:07:32
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What can a creditor do if you are in default on a credit card

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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

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Q: If you stop paying on a collection account that no longer shows on your credit report can the collection company report the unpaid balance to the credit bureaus?
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Related questions

Who do i have to contact if i have to accounts in collection i was not aware of?

If you have accounts in collection that you were not aware of, you need to contact the collection company. You can also contact the credit bureaus for more information.

Impact on accounts payable if the company pays the account?

An account payable is a debt the company owes and maintains a credit balance, the impact on the account if a company pays the debt is a decrease in what the company owes or a decrease in the account payable. This means a debit will be added to the account to "decrease" the balance.

Can icici bank open 0 balance account?

Only if you are working in a company & that company should have account in icici.then only u can have "0" balance account. otherwise it is not possible.

How can a person get a print out of their account balance?

You can get a print out of your account balance at the company that holds your account. Either you go to their website and log in or you go to their office.

Can a collection agency put the same item on your credit report that has already been reported by the original creditor?

Yes. The original creditor more than likely put the item on first, then sold the account to a collection company who after unsuccessfully trying to collect the debt reported the item to the credit bureaus. So to you it was the same account or item but now the debt has transferred to a new company.

What is the normal balance of a capital account?

Capital account has credit balance as a normal balance of account as it is the amount company requires to return back to it's owner at the time of liquidation.

Why balance sheet is not an account?

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.

Can a company who closes your account try to collect interest three years after closing the account?

Yes, if you still owed a balance at the time the account was closed. Just because a company closes an account does not mean that any balances that are owed to them disappear. If your account was closed and there was still a balance outstanding and you did not pay that balance, the company has every right to collect the balance and any interest outstanding.

You have received a bill for medical care that was not provided What can you do?

Dispute it in writing with the company. If it shows as a collection on your credit, contact the three bureaus and dispute it with them.

Can a sold credit card account be collected on if the account is reported as charged off with a zero balance?

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

When does accounts receivable have a credit balance?

If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.

What is considered an active a collection account?

An active collection account is a debt that a company is attempting to collect. This continues until all avenues are exhausted.

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