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== == It is always best to setlle this debt, if you saved enough money to pay this off immediately. Make sure to follow the proper steps of settling before you start this process. If you need assistance give us a call:

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17y ago

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Related Questions

Can a collection agency increase interest on a charged off account?

Yes.


Can a collection account be both charged off and past due?

yes


Bank account debt collection?

I have a charged off account at the bank of 146.00 how do I pay that off when I'm unemployed I have a charged off account at the bank of 146.00 how do I pay that off when I'm unemployed


How does settling a charged off account affect your credit?

It shows as a paid collection. Still a negative thing but shows you did settle account.


Can a collection agency charge interest of 1030 to a charge off account that has been paid down to 700 from 4514 but you missed two months?

The collection company has probably charged interest sincethe day they received the account. The interest rate can differ from state to state on a charged off account. So yes, they can but that amount is not just for two months. You need to ask for a total breakdown on the account and see if the interest charged is correct.


How many points can one expect to be taken off of their score for a collection account that was charged off?

It varies, but can be a lot.


Can a collection agency charge fees or interest in new jersey?

Collection agencies can't add charges. Fees and interest charged to your account are per the terms of your contract with the creditor.


Can a sold credit card account be collected on if the account is reported as charged off with a zero balance?

It may be zeroed out w/ the orig company because they sold it to the collection people. DO NOT PAY COLLECTION AGENCIES ANYTHING!! google "fair credit act". lots of info


What does 'Transferred Account charged off' mean?

It means the original creditor has given up the account and sold it to a collection agency. It does not mean the debtor is relieved of the debt. Someone wants the money and they will get it, somehow.


When a credit card account has been charged off can the collection agency charge you additional fees and interest?

It would depend on the state laws that are apply to collection agencies and collection procedures. In many states they can add fees incurred for the collection of a debt and interest on the amount of the debt itself.


What happens in Florida if you quit making credit card payments?

after 180 days of non payment your account will be charged off and turned over to collection agency


If an account was charged off can you still be hounded to pay by collection agencys?

Yes, Charged off accounts are sold many times for collection .It also depends on many things as to what can be done . One is the statute of limitation for the state its in.There is a wealth of inf. on the PC about debt collections and may laws that apply.