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What is the usual action of credit card company's toward nonpaying creditors?
Wiki User
∙ 15y ago
Well after 6 years of not paying a dime to household bank the account has been charged off and the collection company is sueing me.
Wiki User
∙ 15y ago
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How can we calculate creditors payment period?
Average Creditors / Credit purchases = '?' x 360 = '?' ex. Average Creditors / Credit purchases = 50 000 / 120 000 x 360 = 0.4166 x 360 = 41.7 (average creditors = Creditors at the biginning of the year + creditors at the end of the year divided by 2) Average Creditors / Credit purchases = '?' x 360 = '?' ex. Average Creditors / Credit purchases = 50 000 / 120 000 x 360 = 0.4166 x 360 = 41.7 (average creditors = Creditors at the biginning of the year + creditors at the end of the year divided by 2)
How do you get your creditors list?
You can get a list of your creditors by checking your credit report. Most of all creditors will report to the agencies and will have a record.
What side of ledger is payment to creditors?
credit
What are Creditors for goods?
They are the people who credit others
Who is called sundry creditors?
When company purchases materials from different vendors on credit, those combined creditors are called sundry creditors.
What credit score of the three do creditors use?
When you have all three credit scores pulled, most creditors look at the middle score. If you have onloy two credit scores pulled, they will use the lowest one.
Is there a letter to send to creditors for credit repair?
yes
What is sundry creditors on debit and credit side?
middle
Can creditors remove their accounts from your credit report?
no, it should stay on your credit report for life.
Why creditors use accounting information?
Creditors want to evaluate before granting credit to company that will company be able to return back credit when maturity time arrives.
Letter of credit definition in Philippine terms?
A Letter of Credit can be issued in the Philippines as a way to ensure that payment will be made to creditors. If the beneficiary does default on his payment, his bank will pay his creditors what is owed.
There are companys that guarntee a certain amount of credit after 6 months for a new entity are these legitimate?
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