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By taking them to court

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14y ago

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Can a company put a lien on your property if the debt is paid in full?

Not legally.


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You are going to small claims for an old debt from 4 years ago your credit report says Creditors statement Account legally paid in full for less than full balance what does this mean?

The description of the problem is not quite adequate. If the Creditor's Statement on your account shows that you legally paid in full for less than the full balance, it means that the store agreed with you that they would take a partial payment and mark the account paid in full. Stores sometimes do that when you argue that the goods were inferior, or that you might return the goods for credit. In any case, if that is marked on the creditor's statement, then your account is paid off and done. It is not clear why you would be going to small claims over something that was negotiated and paid off 4 years ago.


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An amount of $48,000 is borrowed for 14 years at 7.75% interest, compounded annually. If the loan is paid in full at end of that period, how much must be paid back?

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