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What else can I help you with?
If you settled a charged off account with a collections agency for less than the full amount can they resell the difference to another agency?
Yes unfortunately they can. Companies today want the charged off account money and will sell it to another agency in order to get this. It will show up on your credit report under another company...so you have 2 listings on your credit report for the original account.
Can another company purchase a charged off account and accumulate interest on that account?
Yes, another company can purchase a charged-off account, typically for a fraction of its original value. Once they own the account, they may attempt to collect the debt and can potentially charge interest, depending on the terms of the original agreement and state laws. However, the ability to charge interest may be limited by regulations governing debt collection practices.
If your bank account says EFT Charged Off does this mean that the account is closed?
If an account is charged off it is automatically closed. It is listed as uncollectable debt.
Do you get charged for creating an itunes account?
No.
Can you open an account with a bank if you have had a charge off with a past account?
Typically no, once your account gets to the point of charged off, it has been overdrawn for roughly 45 days (give or take). Your name and SSN then get reported to ChexSystems which then notifies every bank of your charged off account. Not many banks want to risk losing their money to you if you've already lost money for another bank. Your best chance to get an account is to go back to the bank your account was charged off, explain what happened, and hope for the best. And next time balance your checkbook... daily.
Can a closed bank account still be charged for any fees or transactions?
No, a closed bank account cannot be charged for any fees or transactions.
What are the negatively charged particles that move in an electric circuit?
electrons
What are negatively charged particles that move in an electric circuit?
electrons
What is the difference between a cathode and an anode in an electrical circuit?
In an electrical circuit, the cathode is the negatively charged electrode, while the anode is the positively charged electrode. The flow of electrons is from the anode to the cathode.
How do you dispute a closed account that was charged off and sold to another lender?
You can't dispute the fact that it was sold to another lender. you can dispute the account if the information is incorrect. To do that, you have to fill out a form provided by the credit bureaus (TransUnion, Experian or Equifax) or write a dispute letter.
Can a company who bought a charged off account try to collect interest on the account?
Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.
Have you ever experienced a situation where a debit card transaction was never charged to your account?
Yes, I have experienced a situation where a debit card transaction was not charged to my account.
