Depends on the credit agreement, but generally interest does not have to stop being calculated.
Outstanding bill means that usage and usage charges have been finalized after the billing cycle ended. Un-billed charges are an estimate of usage charges that have not been finalized.
When you pay a bill in full, you are settling the entire amount owed, thus eliminating any outstanding balance. This action helps maintain a positive credit history and can prevent late fees or additional interest charges. Paying in full also provides peace of mind, knowing that the obligation has been fulfilled.
"Bill complained to the city with regard to the early morning garbage collection." "With regard to the other charges facing the thief, the burglary and trespassing charges were dropped."
I don't know where you are in this. But, If the bill is disputed, you can request verification of the items or charges on the disputed bill. Then you can dispute directly with the collection agency and the original company about the invalid charges on the bill. If they state that the charges stand, or don't do anything other than re-sending the same bill stating that they have verified the bill (actually most do this), then you have the right to fire the collections agency. Send a Cease and Desist notice to the Collections Agency, this will force the original company to deal with you directly or go to another collections agent. If you never received a bill, but you agree to the charges without the interest, then you can contact the company that originally billed you, and see if they are willing to take a payoff of the bill in full minus the interest. If they are willing to do that payoff with out interest, then that would be the best way to go. However if they insist on the interest explain that since no bill was sent to you until you received the collections notice, and that you should not have to pay interest due to this very fact. Explain to them it is as much their fault, as it is yours, and in meeting in the middle it is a win/win situation. They get the principle amount, and you off their books, and you of course are able to go on with your life with no more collectors after you. Whenever you send a check for a payment in full, always note this fact on the memo field of the check. If they cash the check, then they cannot come after you for the interest involved in the account. Just keep a copy of that check for your records. I am not a laywer, but I have had to deal with situations like this personally and also through friends.. So please check with a Lawyer first, or do your own due diligence.
Yes, you can be sued over an outstanding debt. If you fear that you will be sued, you should call and set up a payment arrangement to cover the bill.
To effectively dispute a medical bill collection through a letter, clearly state your reasons for disputing the bill, provide any supporting documentation, and request a review of the charges. Be polite and professional in your communication, and follow up to ensure your dispute is resolved.
they usually call on it for six months then sell it to another collection agency. more then likely thell call for atleast a year
If the bill was late enough to be sent to a collection agency, the collection of that bill has been turned over to that collection agency as well.
IF you can pay the outstanding balance before the end of the sue date - you pay no interest. This period is usually 28 days from the date of the purchase.
"Settle the bill" means to pay the total amount owed for goods or services received. This phrase is commonly used in restaurants, hotels, and other settings where a payment is required after a transaction. Settling the bill involves ensuring that all charges are covered and that any outstanding payments are made.
By paying the entire balance on the card, in one shot, you avoid interest rates. There's no other way.Credit cards are designed & prepared to bill you interest, or finance charges (whatever you want to call it) every month until you debt is paid in full. The sooner you pay off the debt to the credit card, the faster you eliminate fees, interest rates, finance charges etc.
yes