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When the lender applies a write off to your account and the monthly statements show that same account with a zero balance can they still collect on it?
Wiki User
∙ 17y ago
If the lender designates the account as a charge off, the account is still valid and will be referred to inside collections department or an outside collector for further action. If the lender cancels the debt, the debt is no longer valid and the debtor will receive a 1099-C showing the amount that the borrower must claim on his or her tax return as taxable income.
Wiki User
∙ 17y ago
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Collect data on India's current account balance capital account balance and forex reserves for the period 2001-2006?
Collect data on India's current account balance capital account balance and forex resevers for a period 2001-2006?
Can a company who closes your account try to collect interest three years after closing the account?
Yes, if you still owed a balance at the time the account was closed. Just because a company closes an account does not mean that any balances that are owed to them disappear. If your account was closed and there was still a balance outstanding and you did not pay that balance, the company has every right to collect the balance and any interest outstanding.
Collect data on India's current account balance capital balance account and forex reserves for the period 2001-2006 and list the major features?
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Collect data on India's current account balance capital account balance and forex resevers for a period 2001-2006?
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Collect data on India's current account balance capital account balance and forex reserves for the period 2001-2006 and list the major features?
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What does it mean when an account is long outstanding difficult to collect the amount or it should be internally adjusted?
The account is considered an uncollectible account. The account must be adjusted so that the business can balance its books.
Can you get sued over an unpaid credit card balance?
Yes. It doesn't matter how much the account balance is, it only matters if the creditor can collect the money owed after wining a lawsuit
Collect data on India's current account balancecapital account balance and forex reserve for the period of 2001-2006 and list the major features?
ur site has been use less.
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Is it possible to pay via PayPal without adding funds directly to your PayPal account?
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How do you collect judgment money from a levied account?
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