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What else can I help you with?
What does write-off mean on a credit report?
A write off means a charge off. This is one a creditor closes an account due to non payments.
In Arizona if your vehicle is repossessed and your get the vehicle back is it illegal for the repossession agent to charge a fee before they will return your licence plate?
In the State of Arizona, the license plate belongs to the debtor. They cannot charge you for your plate but they can charge you for inventory and storage of your personal property (which, incidently, includes your plate).
Can an account be in Charge Off Status if payments are behind but being made?
Yes, it can. Just because a creditor charges off your debt, does not mean that you don't still owe it. Before you pay on a charge off, make sure you get an agreement from the creditor to delete it from your credit report once it's paid!
If you fell behind on an auto loan but continued to make payments on time for a year can the creditor charge off the balance without contacting you?
Yes, even if only one payment is missed the lending agreement is in default. A lender can charge off the account, repossess the vehicle and/or take other actions provided under the state laws.
Can a creditor still charge interest rates if they are garnishing your wages?
If you have a garishee against your salary can the creditor still charge interest. Thanks Theo
Can a creditor remove a charge off?
Yes, a creditor can remove a charge off from your account and your credit reports. Credit bureaus can also delete charge offs from your credit report if they are disputed and not verified.
Can a creditor charge off an account then reopen it?
Yes, a creditor can charge off an account and later reopen it. A charge-off typically occurs when a creditor deems an account uncollectible after a period of non-payment, but the debt still exists. If the debtor later makes a payment or enters into a repayment agreement, the creditor may choose to reopen the account. However, this can vary by creditor and the specific circumstances surrounding the account.
What are charge offs?
Charge offs are accounts that have been written off by the creditor as uncollectable. The debt owed is still valid and can be collected on either by the original creditor or by a collection agency. You can only erase charge offs by disputing them to the credit bureaus or negotiating the removal by the original creditor.
If a creditor sues in small claims court to repo a vehicle but doesnt contact you to arrange to pick up the vehicle can you charge them storage fees from the date of the order?
That's creative, but it's more likely that they would sue YOU for failing to turn the vehicle over to them.
Can the loan company for your vehicle charge you for insurance?
Yes. If you are making payments to a car lender, you are generally REQUIRED to insure the vehicle. If at any point they discover that you are NOT insuring the vehicle, they have every right to force coverage as they have a financial interest in that car.
What is the maximum a unlicensed contractor can charge in Arizona?
What is the maximum amount an unlicensed contractor can charge in Arizona
How long in the state of Texas before the bank can press the charge of unauthorized use of a motor vehicle on a car that is on the repo list?
The bank holds a lien on the title of the vehicle. If you default on the payments, they can reposses it. This is a civil issue, and is handled as such. Unauthorized use of a motor vehicle is a criminal charge which doesn't apply to a civil situation.
