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What does it mean when your credit report states that you have a paid closed collection account on you credit report?
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
What is closed check?
The definition of a closed check, depends on the circumstances. In a restaurant, a closed check is a check that has been paid for.
Is rent expense an other expense?
If rent is paid for any activity which is directly related with the primary business activity then rent is not other expense, but if rent is paid for activity which is not directly related to primary business activity then it is other expense.
How do you find out when an account on your credit report was closed?
Each entry on your credit report that reports financial activity is called a "tradeline". If an account was closed, charged off or paid off, it will have a statement under the tradeline to that effect. A word to the wise...never close an open tradeline - even if you are not using it. When you close a tradeline your credit score will drop to some degree.
What does it mean when an accout on your credit report says closed but there is still a balance?
One of two things. First, you still owe the money. but you can not use that credit account anymore. or Second, you have paid off the account and the creditor has not notified the credit bureaus that you have paid this account in full. If it is paid in full, I suggest you notify the credit agencies.
What is the difference between 'paid' and 'closed' on a credit report?
The general rule is "paid" means the account has been, well, "paid." Closed means the account has been closed or written off by the original creditor. This could mean they gave it up as being uncollectable or they have sent it to a collection agency or sold it to a third party creditor.
What does it mean when your credit report states that you have a paid closed collection account on you credit report?
The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.
Is money paid as interest a investing cash flow?
Interest paid is an operating activity if paid on short term borrowing or long term borrowing and not investing activity
What is closed check?
The definition of a closed check, depends on the circumstances. In a restaurant, a closed check is a check that has been paid for.
Is getting paid for gardening an economic activity?
Yes that would be an economic activity.
Is rent expense an other expense?
If rent is paid for any activity which is directly related with the primary business activity then rent is not other expense, but if rent is paid for activity which is not directly related to primary business activity then it is other expense.
What does settled mean on your credit report?
A credit report will show that an account is either active or settled. If the account is settled, it means that it has been paid and is closed.
If you get paid salary and your office is closed for a day do you still get paid for that day?
Yes you do, but it does depend on your job and their rules
What does case closed statistically mean?
Case closed statistically means something different for each situation. If a parent or teacher says case closed it means that there will be no argument. In cases of the law, it statistically means that the case has ended and a verdict has been reached.
How does paid closed wriiten off affect your credit report or score?
paid charge off affects your report as it is negative information
How did the Coercive Acts affect trading in Boston?
One law closed the part of Boston until the colonists paid for the destroyed tea.
What is a closed ended loan?
It's a type of loan that once it's paid off it's closed you can't add on to this loan again.
