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What else can I help you with?
If you pay taxes on a charged off account can a debt collector still collect that account?
If a 1099-C form was received then you are required to pay taxes on the amount shown. This is done when a debt is considered cancelled. A cancelled debt cannot be pursued for collection. ALthough there is no guarantee that unethical collectors wouldn't make an attempt to do so.
Which account shows the amount of accounts receivable that a company does not expect to collect?
Allowance for Uncollectible Accounts
Difference between documents against acceptance and documents against payment?
Documents against payment (DP): The documents get registered with a bank and you get prompted to pay them to release the documents to free the goods. Documents against acceptance (DA): You are asked to sign an agreement that states after 30 or 45 days the bank is allowed to deduct the amount from your bank account. You will receive the documents immediately after the agreement is signed. The main difference is in order to receive the documents in a DP you have to pay immediately, for DA a written confirmation that you will allow the bank to deduct the money will release the documents. DP's are more secure since the money is immediately deducted, DA's bear a certain risk, if at the time of deduction the amount is not on the bank account and the account can not go into minus, the process will be delayed and the bank will try to recover the necessary funds from the bank account owner.
1099-C disputed credit card charges?
Form 1099-C is issued when an amount of debt of at least $600 is forgiven. This means that the debt collector understands that you owe the debt but is willing to accept a negotiated amount as part of a settlement. If the amount was disputed and removed through no fault of your own, then a 1099-C should not have been issued. You must generally clear this up with the debt collector and provide proof to the Internal Revenue Service if necessary.
When is an invoice used?
An invoice is used by a company to collect a bill due. It is sent to you, advising you to pay a certain amount by a certain date.
What can you do if debt collector is overcharging your checking account on what you agreed?
If the debt collector is authorized to do a debit withdrawl then there is documentation that you signed authorizing same. If the documentation you signed with the debt collector does not match with the amount being withdrawled from your account, notify your bank immediatly of the fraudulent transactions. Take the documents to the bank. Do not prewarn the debt collector that you are doing this.
Can you make good money from being a collector?
To make a fair amount of money as a debt collector, you must be able to collect debts of a sizable amount. The bigger the debt, the larger the cut your agency receives and, thus, your bonus is. You can make good money, but you have to be good at actually pursuing and collecting the large debts.
Can you pay five dollars a month towards debt collection?
It is a misconception that a creditor or collector must accept any amount for payment of debt. There is no law in the U.S. that allows a debtor to pay whatever they choose or can afford and the lending agreement still remain valid. An amount tendered that is less than that agreed upon can be refused and the creditor or collector has the option of using legal remedies to collect monies owed.
What happens to you if your account is transferred to a collection agency?
The agency will continue attempts to collect the amount owed plus any applicable fees. If a settlement cannot be made, the collector may decide to refer the account to a collections attorney for legal action.
What does power to lay and collect taxes mean?
To lay and collect taxes is to impose a specific amount the taxes are, and to collect taxes is to literally collect the taxes from people.
Can I collect maturity amount from insurance company?
Yes you can collect your maturity amount from insurance company. Infact insurance company send you an information in advance to policy holder regarding the maturity of the policy. The policy holder required to fill the form along with documents attached as per requirements. If the paper work is done properly and verified then the payment is either sent by post or directly credited in your bank account.
What is the maximum amount of badges that can be earned on pixie hollow?
Well, you can collect all the badges- once you collect all of them you can't collect anymore!
How many is there to collect for Club Penguin?
The amount of how many there is to collect on club penguin would be 2900 In counting
What is the purpose of a debt collection validation letter and how can it help in verifying the accuracy of a debt being collected?
A debt collection validation letter is used to request proof from a debt collector that the debt they are trying to collect is accurate and valid. This letter can help verify the accuracy of the debt by ensuring that the collector provides documentation such as the original creditor's name, the amount owed, and verification of the debt ownership.
How long did it take a man to collect 60000 pennies us?
it took the man five years to collect that amount of money.........
Why would your kidneys would collect a very small amount of water on a hot day?
Because you lose a significant amount of the water your kidneys would collect through your pores in the form of sweat.
Can you collect unemployment if retired military?
Yes, you can collect unemployment. But you still need to look for a job. If you are retire you will receive a reduced amount.
