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What else can I help you with?
What happens when a Bank loan is charged off?
It will show on your credit report where your bank loan was "Charged Off". This means the bank wrote off the money and gave up on collecting it. However they can sell that debt to a collection agency to try and collect it. It will show on your credit report for 7 years.
Should you file bankruptcy if most of your debt has been charged off?
Filing bankruptcyI may be wrong on this, but my understanding is that "charged off" simply means the creditor has written the debt off (as in written it off as a loss on their taxes, or turned it into their insurance company as a bad debt, etc.) but in no way affects the collectability of the debt. I suspect if they later collect on a charged off debt, they have to claim the money they receive as income on their taxes since they wrote it off earlier. I may be wrong about this though... I definitely don't think that "charged off" means "forgiven," though. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
How can you repair credit card debt?
While there are many companies that will make claims to "repair" your credit, all they really do is take your money and ask your creditors to "write off" portions of the debt, when they do that, it's reported to the credit bureau, and although the debt is technically paid, you still have a footnote that the creditor wrote off some of the debt. The best way to repair your debt is to just pay your bills. Your credit will "heal" over time as people see that you are now acting responsibly.
Who wrote the borrowers?
Mary Norton
How to read a personal check?
To read a personal check, look at the date, the payee (who the check is written to), the amount written in numbers and words, and the signature of the person who wrote the check. Make sure all the information is correct before depositing or cashing the check.
What did Virginia Hamilton collect?
Virginia Hamilton collected frogs and wrote books!!!!!!!!
How can I protect songs that i wrote and how do I do it?
you have to register them with a publishing company , who will collect royalties and protect the copyright
What is the measurement used for length?
usually a ruler is used for measurement of length! Sabrina L. wrote this and i rule YEAHHHHH
Can a collection agency sue you for money in any state How can they do that if the original company wrote it off Is this legal?
When you default on some debt, the original creditor writes it off. When they write it off, they usually sell it to collection agency. Since the collection agency bought it, it becomes theirs. If they try to collect and you don't pay, they can sue you. Learn your rights by reading up on the FDCPA.
Who wrote Two Years before the Mast?
Richard Henry Dana wrote "Two Years Before the Mast."
How did Antonie van Leeuwenhoek collect his data and keep his records?
he wrote them on something okaii easy use your brain
Prehistoric means before the invention of what?
it means before we wrote
What did Suzanne Collins do before writing the hunger games book?
she wrote other books before she wrote the huger games I hope this helped you me
Who wrote metamorphoses before his exile?
Ovid
What did thomas do before he died?
He wrote the constitution.
If the original creditor wrote off the debt do you still list the creditor in Chaper 7?
Sure. The "writing off" is only a term for the accounting entry on the creditors side...that their books recognized you were a bad debt. They don't forgive the debt by doing so...they just change it from being an asset (money to be received), to a loss.
Did nick Jonas wrote the song before the storm?
Yes. Him, Joe Jonas, Kevin Jonas 2, and Miley Cyrus wrote Before the Storm
