answersLogoWhite

0

A collection account that has not been paid off.

User Avatar

Wiki User

18y ago

What else can I help you with?

Related Questions

Can An Account that has been sent or sold to A collections agency still be considered an open account?

NO....... Collection Accounts are NOT open accounts feel free to stop by www.debtorboards.com and do a search on OPEN it will explain alot


Two of my bank accounts got send to collection can i open a new bank account and if i cant why not?

It is not that you can't open an account. Most if not all banks will not want to have you as a customer. They will not allow you to open an account with them. One you have two accounts in collects why would they want to become the third entity that you owe money to.


If a bank account of mine has been frozen for debt collection can you open a new account in a different state without it being frozen?

Typically any bank account you open will have your social security number on it, which is how your debts are listed, which is how any new account you open will be frozen also. It doesn't matter where you are (at least in the US), it will happen, especially if it is a debt to the IRS. You may want to talk to an attorney if you need to open an account.


What is a Derogatory public record or collection?

== == A Deragatory record is an account that has had a history of late payments. A collection account is an account that was not paid on time or at all, and was closed by the creditor and sold to a collection agency.


Can a collection agency continue to report a collection account to the credit bureau after the account is sold to another collection agency?

No, once a collection agency relinquishes their claim to the account by selling it they must remove all negative trade lines related to that account from your credit reports. Hope this helps ST


How can open new account in NCB bank?

Open account for ncb


Time limit for debt collection?

It depends on the type of agreement (oral or written, open account or promissory note). It could be anything from three years to 15.


Can collection agencies freeze your savings account?

No, collection agencies do not have any right to freeze your savings account. Only banks have the right to freeze your account but depends on the nature of the default.


What is considered an active a collection account?

An active collection account is a debt that a company is attempting to collect. This continues until all avenues are exhausted.


How much will removal of incorrect collection account increase fico score?

How much will removal of incorrect collection account increase fico score?


How can you open account in NCB ksa?

how can open account in ksa


Can you open a saveigs account for a friend?

No. You cannot open a savings account for your friend. Only the concerned person who wants the account can open the account. Proxy account opening is not allowed.