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I've never heard of a "charge off bank" but I do know that a charge off account at a bank is where they bank has listed a loan as "uncollectable" and is probably reporting it to the credit bureau as a charge off or "bad debt". Hope this helps
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∙ 18y ago
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Does a bank account charge off go on your credit report?
Yes, any charge off goes on.
When must a bank charge off a credit card?
When you have filed Bankruptcy.
Can a bank take money from another account to pay a charge off?
A bank can take money from another account in their bank to pay a charge off. They have to reveal this in paperwork with small print that you more than likely signed without knowing it. Check your bank's policy but bank's are tightly regulated and follow the law very closely.
Can the bank that has a charge off on you hold a pay check you are trying to cash?
ABSOLUTLEY, they not only can hold the check, the bank can keep the money.
What is BSC meaning in bank statement?
Bank Service Charge
Can a bank you have a charge off with take money direct deposited in your name to another members account?
no
Who was in charge of the national bank controversy?
I think you mean who was in charge of the National Bank? Not who was in charge of the National Bank controversy? If you are asking who was in charge of it, not the "controversy", then the answer is private banks.
What is internal charge off?
A bank or a loan company can "charge off" a small amount of debt to get the amount off their books. However, this will affect a person's credit report. And it does not mean the person does not have to pay the debt. A debtor should still work to pay off the charge off, to clear the debt and save their credit rating.
Can you get the title for charge off on your car?
The short answer is no. A charge off means you didn't finish paying off the loan. A charge off occurs when the the owner of the car fails to make the monthly payments. After 121 days of no activity on an auto loan the bank declares the loan a bad debt and the do a charge off to get that bad debt off of their books. They will never stop trying to collect the bad debt or repossess the collateral. The only way to obtain the title is to get a lien satisfaction letter from the lienor, (bank). The only way to get that letter is to satisfy the lien. So if your loan has been charged off you have to call the bank and see if you can get a payoff quote. Payoff the car get the letter and title
Can a bank take your money for charge off?
Yes. If the loan is at a bank where the party holds accounts. This is referred to as a "set off'. Most bank loans will have a set off provision included in the loan contract. It allows the bank to seize the person's bank account(s) for monies owed, w/o a court order or other legal procedure.
Does Webster Bank charge fees to bank online?
Webster Bank does not charge fees to bank online. They do however charge fees for certain types of bank accounts. Best bet would be to participate in a bank account that was totally free.
Can a bank do a Charge off on a boat loan then Repo 3 years later?
no they cant only after 2 years
