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Writing or charging off a debt is an accounting entry to acknowlege that the asset they have (the loan) is not performing and that investors/readers of the financials, should not consider it valuable. Again, it is only a required accounting entry - it does not effect your debt to them, discharge it or reduce it in any way. You still owe. And they will...in fact must (to satisfy those same investors and regulators that read those financials), try and collect it or get some value for it.
What else can I help you with?
What to do when false charges on credit card bill?
Contact the card issuing bank and raise a complaint about fraudulent usage of card details. They will conduct an investigation and revert the charges if they find that your card has been misused.
Where do you report someone for using your credit card?
You can go to the credit card company if you need evidence, they can help you track the charges. Then you go to the police.
What do you do when you have fraudulent credit card charges?
You can either look on your statements for the instructions or call the number on the back of your card.
What practices by a credit card company results in lower interest charges to the cardholder?
The card company allows a grace period before interest is accrued.
What is the amount of money you still owe to their credit card company called A?
The amount of money you still owe to the credit card company is called your "credit card balance." This balance reflects any outstanding charges, including purchases, interest, and fees, that have not yet been paid off. It's important to manage this balance to avoid high interest charges and potential damage to your credit score.
Can a credit card company bill a consumer for unauthorized charges if the credit card was improperly issued by the credit card company and the card was not activated and was stolen from the home?
Notify them that the credit card was stolen to the credit card company and dispute all the charges on the credit card. You would also have to file a police report if the credit card was stolen. The credit card company must investigate the charges.
Can you dispute the charges on your credit card statement?
Yes, you can dispute charges on your credit card statement by contacting your credit card company and providing evidence to support your claim that the charges are incorrect or unauthorized.
How can I dispute charges on my credit card?
To dispute charges on your credit card, contact your credit card company immediately to report the unauthorized or incorrect charges. Provide details of the transaction and any supporting documentation. The credit card company will investigate the dispute and may issue a temporary credit while they review the case.
What is an annual credit card fee?
Its a fee the credit card company charges you yearly for using their money
When should you report your stolen credit card to the credit card company?
You should report your stolen credit card to the credit card company as soon as you realize it is missing or stolen. This will help prevent unauthorized charges and protect your finances.
What is the advantage of having a cashback credit card?
When one has a credit card which offers cash back one can get cash or a credit to the balance of credit card charges. A certain amount of charges must be applied to the credit card before receiving a reward.
how can i check the charges on my credit card?
Either call your credit card company or go on the internet to your credit card website and register your card for on line services and get access to your account details. Go to the website for the bank issuing the card (such as Chase). Login to your account and scroll through your current charges. If there are inaccurate charges listed, you'll want to call the toll-free number on the back of your card to speak with customer service.
What to do when false charges on credit card bill?
Contact the card issuing bank and raise a complaint about fraudulent usage of card details. They will conduct an investigation and revert the charges if they find that your card has been misused.
How can I stop charges on my credit card?
To stop charges on your credit card, you should contact your credit card company immediately and report any unauthorized transactions. You can also request to freeze or cancel your card to prevent further charges. Be sure to monitor your statements regularly for any suspicious activity.
What can you do if you got fradulent charges on your card but the credit card company dismisses your claim?
Yuni is awesome. :D
What are the consequences of unauthorized tip charges on a credit card statement?
Unauthorized tip charges on a credit card statement can lead to financial loss for the cardholder, potential disputes with the merchant, and damage to the cardholder's credit score if not resolved promptly. It is important to monitor credit card statements regularly to catch any unauthorized charges and report them to the credit card company immediately.
Where do you report someone for using your credit card?
You can go to the credit card company if you need evidence, they can help you track the charges. Then you go to the police.
