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What legal actions can a credit card company take to collect a 500 dollar debt?
Wiki User
∙ 18y ago
If this about you, you can be sued.You need to pay the company, or make payment arrangments. This won't go away trust me.
Wiki User
∙ 18y ago
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What is the annual fee for an American Express Gold credit card?
The annual fee for an American Express Gold credit card is $0 for the first year and then $120 for the following years. This fee is explained by the fact that one can collect points for every dollar one spends with the credit card. These points can be used to get gifts from the company.
How many years dose a dept last?
If you mean debt on your credit report the answer is about seven years from the date the creditor stops reporting it. If it's bad debt, the creditor may report for at least five years actively. Then you have seven years from THAT date until it falls off your file. Realize this: some companies sell of bad debt to third party collection agencies which prolongs the amount of time it will show on your credit file. For example: Capital One issues you a credit card. You charge it and never pay. They report you as a P&L (profit and loss writeoff). They enter that on your file. After a year they sell it off to Company A at 60 cents on the dollar. Company A then attempts to collect the debt. The enter a tradeline on your credit file. Now you have two. Meanwhile, Capital One is still reporting. If Company A cannot collect the debt they too show as a P&L. They sell the account to a clearninghouse at 30 cents on the dollar. The clearinghouse now enters a tradeline on your credit file. Now you have three. Meanwhile as the clearninghouse tries to collect the debt you have three tradelines all reporting derogatory on your credit file. Moral of the story - pay your bills.
What does selling debt mean?
A company, usually a collection agency, will buy past due accounts from businesses for pennies on the dollar. They make a profit when they collect on the debts.
The dollar amount that is paid for the credit?
finance charge
What is The dollar amount you pay to use credit?
Finance Charge
What is the annual fee for an American Express Gold credit card?
The annual fee for an American Express Gold credit card is $0 for the first year and then $120 for the following years. This fee is explained by the fact that one can collect points for every dollar one spends with the credit card. These points can be used to get gifts from the company.
How much money does it have to be for a credit card company to sue you in the state of South Carolina?
Legally, any amount over a dollar.
How many years dose a dept last?
If you mean debt on your credit report the answer is about seven years from the date the creditor stops reporting it. If it's bad debt, the creditor may report for at least five years actively. Then you have seven years from THAT date until it falls off your file. Realize this: some companies sell of bad debt to third party collection agencies which prolongs the amount of time it will show on your credit file. For example: Capital One issues you a credit card. You charge it and never pay. They report you as a P&L (profit and loss writeoff). They enter that on your file. After a year they sell it off to Company A at 60 cents on the dollar. Company A then attempts to collect the debt. The enter a tradeline on your credit file. Now you have two. Meanwhile, Capital One is still reporting. If Company A cannot collect the debt they too show as a P&L. They sell the account to a clearninghouse at 30 cents on the dollar. The clearinghouse now enters a tradeline on your credit file. Now you have three. Meanwhile as the clearninghouse tries to collect the debt you have three tradelines all reporting derogatory on your credit file. Moral of the story - pay your bills.
How do you pay for stuff in Europe if your from Canada?
If you're buying online and paying by credit card, your credit company will convert to euros for you. the amount charged to you on your statement should show as Canadian dollar.
What does selling debt mean?
A company, usually a collection agency, will buy past due accounts from businesses for pennies on the dollar. They make a profit when they collect on the debts.
What is the percent increase. if school tuition increased from 30 dollar per credit to 90 dollar per credit?
This is an increase of 200% per credit.
Where do you get a sticker book that you can collect stickers in?
The Dollar Store.
How do you get a dollar in riddle school 3?
collect the coins in places
What are your favorite collectible items?
I like to collect stikers, but also i collect old Coins and 2 Dollar bills.
The dollar amount that is paid for the credit?
finance charge
1 credit equal how many dollar?
100
Fraud has a direct dollar for dollar impact on a company's?
revenue
