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What do you do with the car if your credit report shows there is 0 balance and says charge off?
Wiki User
∙ 19y ago
Simplest way to deal with it is to call a local wrecker company to come get it.
Wiki User
∙ 19y ago
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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?
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.
Sundry creditors shows?
sundry creditor shows credit balance
What does the experian credit reports show?
The Experian Credit report shows your credit score. It also shows your credit risk level and factors that could raise and lower your score. You can also dispute incorrect credit report info online.
What comes in a triple credit report?
A triple credit report shows your credit score from all three credit reporting agencies: Experian, TransUnion, and Equifax.
What is a charge-off on your credit report?
Charge off is a shortened version of "charged off to profit and loss". This is an internal accounting term for activity creditors take on defaulted accounts. For a consumer's purposes charge off = collection account. This is a defaulted debt that shows as a derogatory account on your credit file.
Can creditor report car as repo 2yrs after BK discharged if reaffirmation was not entered in court although timely payments made for 2yrs after BK and creditor shows zero balance on credit report?
A creditor can report a car as repo and not correct it unless you call them. If it not their responsibility to make sure your credit report is right, it is yours. If you contact them, they must fix it.
What reflects better on your credit report a zero balance on your credit card or buying something once a month and paying it off?
Buying something and paying it off. It shows the creditor that you are responsible and not a credit risk. Be aware though, you will be flooded with competing credit card company offers.
Your credit report shows a collection with a DLA of 0502 is this still valid?
If you are responsible for that item, then, yes, it can stay on your credit report--probably indefinitely.
If you are an authorized user on your husbands credit cards and you are getting a divorce can you be sued for the balance if he is incarcerated?
No. As an authorized user, you are not legally responsible for his debt. Now, credit score wise, even though you did not create the soon to be bad debt, it still shows up on your credit report.
You were waiting to receive a credit card it was taking way to long to get to you so you canceled it will this be bad for your credit?
It most likely will not hurt your credit to much, When you apply for credit it shows as an inquiry on your credit report. To many inquiries is bad. And opening an account and closing it right after shows instability to your credit report and it sticks there for 7 years.
How do you remove charge-offs from your credit report?
First of all, charge offs cannot remain on your credit report for longer than 7 years so most credit bureaus remove them after 6 years 9 months to ensure proper compliance with the law. Secondly, it's possible that those charge offs are not yours and/or that the companies in charge of the charge offs have lost the records so it is possible, although unlkely, that you can get the charge offs removed by disputing them with the credit agency. Another possibility is that one company shows the charge off and the collection agency shows an open collection. You should be able to get one of those two eliminated as they are duplicates. Finally, it is possible to contact the companies that have made the charge offs and negotiate with them to remove the charge offs in exchange for paying part or all of the charged off amount. Some companies may gladly do this whereas others will not even consider it. You could initiate conversations with the debt holder by writing a letter to the address on your credit report basically offering to pay a portion of the debt in exchange for complete deletion of the negative credit entry. In conclusion, it's better to avoid charge offs and negative credit by paying your bills on time than to try to clean up your credit report afterwards.
When the debtors account shows the credit balance?
When business receives money in advance....
