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What else can I help you with?
Does the date of last activity on a credit card debt collection mean the last time the card was used or the last payment that was made on the account?
Which ever is the most recent would be the date of last activity.
What is the meaning of payment due date, minimum amount due, and last bill due in a credit card?
A payment due date is the day that a minimum payment is due on a credit card bill. The minimum amount due is the smallest amount of money that must be paid in order to avoid a late payment fee. The last bill due is the date of the previous month's credit card bill.
If your car was repossessed 7 years ago can creditors come after you for payment now in the State of Georgia?
Yes. Well, maybe. Your are legally responsible for payment of the remaining balance of the loan for seven years from the last date of payment. In the event a judgment was obtained, you are responsible for ten years after the date of last payment. Quite likely, there is a judgment, as this would be the only security the lender has of receiving payment.
Is the legal payment date the date the transaction is initiated or the date the payee receives the payment?
The legal payment due date is the date specified in the contract. The actual payment date is the date the payment is initiated by the payor unless specified otherwise in the contract.
How long will settled debt affect your credit rating?
seven years from the date of last payment.
Can the statute of limitation start when a new creditor gets your old debt?
The statute of Limitations is based on the date of last activity (last payment made by the consumer or the date of charge off).
What quarter do you list online if week ending is last quarter and payment date is current quarter?
Most accounting systems list all transactions for the quarter in which they are actually paid, regardless of payment due date.
If a creditor does not report the date an accounts payments became delinquent when does the 7 year SOL begin?
In most cases the SOL begins 180 days after the date of the last activity (DLA) of the account. DLA means the default date or last payment date.
If something stays on your credit for 7 years from the 'last activity ' does this mean the last payment you made or the last collection attempt?
It means the first day the account became delinquent. Say your payment was due Jan 1, 1997 and your contract stated the account would be delinquent if payment was not received by Jan 15, 1997 and you made no payments on the account after that date. The date of last activity should be reported as Jan 15, 1997. If it is not then dispute the account with the CRA's.
Is there a time limit for collecting on medical bills in Colorado?
The time limit for collection of past due accounts is the same in all fifty states and US territories. Creditors have seven years from the date of last payment to recover a debt. In the event of a judgment, that time increases to ten years from the date of judgment or the date of last payment which ever is later.
When you mail your credit card payment on the due date your payment will be considered what?
Your payment will be late, if it does not arrive on or before the due date.
Do you cancel direct debit yourself or will sky do it?
Once you have the end of contract date from Sky, they should tell you the last retrievable payment date, its advisable to speak to your bank and place a stop on it as there are occasions when things go wrong and a payment is taken.
