0
A 0 balance charge off means that the debt company has given up trying to collect the debt. It may sound good, but the effect on the credit rating is very bad.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
If you have 0 balance on your credit card and never use what happens?
Believe it or not, it can hurt your credit score. You should charge something on it at least once a month and pay it off immediately to avoid interest charges.
When might someone see 'credit card 0 balance transfer' on their statement?
'Credit Card 0 Balance Transfer' would appear on your credit card statement if your credit card is paid off in full. This means that you do not have to transfer any money from your bank account to pay off your credit card balance.
What is the difference between saving account and salary account in bank?
In Salary Account 0 balance is allowed and in saving account minimum balance required
What are some causes of 0 credit card balance?
Having a credit card balance of zero on a credit card is a good thing. It means one has no debts to the credit card company, which also means that no additional interests will be charged. If one either has not used a credit card or has paid all open debts and interests, they would have a credit card balance of zero.
What two purposes are accomplished by recording closing entries?
1.Prepares the accounts affected by closing entries by giving them a balance of 0. 2. to update the owners capital account for the previous period
Mortgage charge off and debt forgiveness?
wells Fargo charged off my 56,000 dollar home. Reported as 0 payment. 0 balance, and 0 old. What does that mean to me. I have not paid anything since 2007.
What do you do with the car if your credit report shows there is 0 balance and says charge off?
Simplest way to deal with it is to call a local wrecker company to come get it.
Does FeCl3 have a 3 plus charge?
The Iron has a 3+ charge, but the Cl each have a -1 charge so they balance out to an even charge of +/- 0
Will a credit report still show as charge off even if you paid it off and have a 0 balance?
Yes and it will report that way until the SOL has run its course for the reporting time which is 7 years.
What are 0 credit cards, and where can I learn more?
0% credit cards allow you to charge to your card for up to 18 months with no interest. However, after the 18 months, the interest on the remaining balance is huge. You should only get this card if you can pay off the balance in full before the 0% rate expires.
What is the charge of h2o?
The Ionic charge of H2O is 0 because H has a +1 charge and there are two H so it equals +2 and O has a -2 charge. So they balance out to a charge of zero
If you have 0 balance on your credit card and never use what happens?
Believe it or not, it can hurt your credit score. You should charge something on it at least once a month and pay it off immediately to avoid interest charges.
What is the ionic charge of h2o?
The Ionic charge of H2O is 0 because H has a +1 charge and there are two H so it equals +2 and O has a -2 charge. So they balance out to a charge of zero
Why do you need to balance the numbers in an ionic compound what does this do?
We need to balance the number in an ionic compound b/c Ionic Compounds must be Neutral which means that is No Charge=0
Why does an atom have no overall electrical charge?
Because an atom has the same number of protons and electrons which both have equal but opposite charges (electron relative charge= -1, proton relative charge= +1, neutron relative charge= 0.) the atom as a whole has no electrical charge as both the electrons and the protons' charges balance each other out.
What does it mean when a neutron has a neutral charge?
it has no chrage 0 (electrical)
Does o mean off?
well, it depends on what the other stand says if it's 1 and 0, then 0 would be off most of the time o or 0 will mean off
