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What should you do after being served to show in court over delinquent credit card debt and will the creditor still accept 30-50 of the balance?
File an entry denying everything in the court case. Than contact the creditor directly and negotiate a proce. Once agreed, set an entry outlining the agreement. If your creditor has already begun a legal proceeding, you have lost a lot of your negotiating position. Can't hurt to ask.
What else can I help you with?
Who can report delinquent accounts to credit reporting agencies?
Any creditor you owe money to can report your delinquent accounts. Generally utility companies and cell phone providers will only report if you have an unpaid balance. Credit cards, mortgages and installment loans are 99.99% of the time reported.
What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
How can you close a credit card that has a delinquent balance?
No, it has to be settled before you can close it.
Sundry creditors shows?
sundry creditor shows credit balance
What will happen if you close a credit card that has an outstanding balance?
You can close a credit card account at any time, regardles of whether there's a balance left on the account. If it's not past due, you simply make regular monthly payments. If it's delinquent and the creditor hasn't already closed the account for you, you'll probably also make monthly payments on the balance. In some cases of severely delinquent accounts, you can agree to pay one final lump sum, usually less than the total amount owed. However, this will appear unfavorably on your credit reports, as will "account closed by credit grantor". Regardless, it's probably a good idea to close the account, particularly if it's delinquent.
Can you pay your overseas education loan through Credit card with 0 percent APR?
Yes, as long as the creditor or school will accept credit as payment. Keep in mind that most credit cards carry a foreign currency conversion fee of 1 - 5% which will be added to your balance.
What is creditor account with debit balances?
A creditor is an entity that a company owes money to, such as debt to a bank or bondholders. If a creditor has a debit balance, it means that your company paid more than they owed. If there was a credit balance, you would owe money on that account.
How can a person get a past delinquent pay off a credit report when it was dismissed because of bankruptcy?
Really, the only way to have it removed is to dispute it with the credit bureau reporting it. The credit bureau will then contact the creditor for verification. If the creditor can't verify the account, it must be removed immediately. If the creditor can verify the account, your choices are limited to disputing it again and/or just waiting for 10 years for the account to come off of your report.
When does a debtors account have a credit balance?
goods in transit a debtor(customer) could also be a supplier(creditor)
Can a creditor refuse to accept a check as payment?
Yes ... why would a creditor someone even consider taking a credit card payment from someone who has a history of not paying their credit card bills. Think !!!
How long does a credit card company keep open a delinquent account?
So long as there's a balance on the account - the file will remain open.
What is delinquent credit history?
delinquent credit historyCredit accounts that were paid over 30 late days from the due date. This can be 30, 60, 90+ days. This will affect your credit score but more so if the delinquent was more than two years.
