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What else can I help you with?
Can collection agencies request additional money on interest charges after the debt is paid in full?
No, a debt collection company purchases a debt from a creditor. They can try to collect on that debt but may not charge interest on it as they have no contract with you outlining interest charges. If a company is attempting to do that, cite the Fair Debt Collection Practices Act, a federal law, and complain to the Federal trade Commission, which oversees debt collection practices.
Can you sue your ex for debt he put on your credit card?
Yes, you are entitled to recover the full amount for any charges that were made after you separated.
What is the best option for managing my credit card debt: paying the full balance or just the statement balance?
Paying the full balance on your credit card is the best option for managing your debt. This helps you avoid accumulating interest charges and paying more in the long run.
Helmet writes a check to Elsa in an amount that represents half of the money he owes her On the back of the check Helmut includes the words payment in full This discharges the entire debt only if t?
if the debt is unliquidated
How can you define loan recovery?
Loan recovery is when a loan or debt is recovered either in part or in full. This happens after the loan has been classified as bad debt, meaning the borrower will not be paying it back.
What is the best option when it comes to credit card payments: paying the full balance or just the statement balance?
Paying the full balance on your credit card is the best option to avoid interest charges and debt accumulation.
If you write Account paid in full on a check doesn?
Writing account paid in full on a check is a statement that could hold up in the court of law stating a debt is paid. Be careful when writing this as it can be attributed to fact.
If a collection company cashes a check for a lesser amount but is referenced paid in full is the debt done?
Yes, because they admitted that the amount received was enough to cover your debt. They pretty much settled.
What does debt outstanding mean?
That u payed your debt in full
When there is full of negative charges in a jar are there going to be negative charges?
No, if a jar is already full of negative charges, adding more negative charges would result in repulsion among the charges and likely lead to discharge or redistribution of charges. The negative charges would try to move away from each other to minimize repulsion.
How do you avoid interest on credit cards?
By paying the entire balance on the card, in one shot, you avoid interest rates. There's no other way.Credit cards are designed & prepared to bill you interest, or finance charges (whatever you want to call it) every month until you debt is paid in full. The sooner you pay off the debt to the credit card, the faster you eliminate fees, interest rates, finance charges etc.
After a debt is reduced by a collector is it settled?
If the full settlement amount offered is paid in full by the debtor, the debt is considered paid. When entering into a settlement of a debt the debtor should obtain all the pertinent data in writing and not agree to anything unless he or she understands the agreement in full.
