0
What is the state statue of limatation for collection a charged of credit card in the state of Delaware?
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What happens to charged off credit cards?
They are sold to collection agencies and negatively impact your credit report.
Can a credit card debt that was charged off and sold to a collection agency be reported on your credit report?
Yes.
Are you still liable for a balance that appears on a credit card that was charged off even if you paid the collection agency?
No. You can take the paperwork with the collection and send a certified copy to all 3 credit bur., and it will or should be taken off.
Can a debt collection agency legally identify themselves a 'collection agency' when placing inquiries on your credit report when the debt in question was charged off over a decade ago?
No.
How does settling a charged off account affect your credit?
It shows as a paid collection. Still a negative thing but shows you did settle account.
Can a sold credit card account be collected on if the account is reported as charged off with a zero balance?
It may be zeroed out w/ the orig company because they sold it to the collection people. DO NOT PAY COLLECTION AGENCIES ANYTHING!! google "fair credit act". lots of info
Who is charged for misusing credit cards?
People who misuse credit cards are charged for misusing credit cards.
When a credit card account has been charged off can the collection agency charge you additional fees and interest?
It would depend on the state laws that are apply to collection agencies and collection procedures. In many states they can add fees incurred for the collection of a debt and interest on the amount of the debt itself.
What happens when a Bank loan is charged off?
It will show on your credit report where your bank loan was "Charged Off". This means the bank wrote off the money and gave up on collecting it. However they can sell that debt to a collection agency to try and collect it. It will show on your credit report for 7 years.
If original creditor charged off then sold it to a collection agency can they both report the debt where the same debt appears twice on your credit report?
no.This is in violation of The Fair Credit Act and The Fair Debt Collection Act.Report this to the FTC and your state attorney office.then look for a lawyer to sue them.
What happens in Florida if you quit making credit card payments?
after 180 days of non payment your account will be charged off and turned over to collection agency
Can you still talk to the credit card company directly for paying off an unpaid debt or do you have to talk to the debt collection company?
Once the debt. has been charged off and sold to a outside collection source you must talk to them.
