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Account reaffirmed means that a creditor or collection agency has violated the FCRA by manipulating the dates of your debt to effect your credit more negatively. For example you may have a debt that is 6 years old, but a collection agency will attempt to make it look like you just got into more debt recently by changing the open date or past due date to something more recent.
What else can I help you with?
When an old account is sold to another collection agency does the account become new again?
No. The state SOL begins approximately 6 months after the debt is defaulted upon. (Usually the last activity on the account). If any money is paid on the account, the debt is considered to be reaffirmed.
If you did not get your mortgage reaffirmed does this mean you will lose your property?
From my understanding after filing Chapter 7, our house was not reaffirmed, but the mortgage company clearly states that as long as the payments are kept up they will not take action against the house and if they do, their interest is solely in the house, not contents.
What do you do with your car after bankruptcy that was not reaffirmed?
The question makes no sense. Bankruptcies don't get "reaffirmed". Individual loans, however, may get reaffirmed in a bankruptcy.If you had a loan for your car, and that loan was neither reaffirmed nor wiped out by the bankruptcy, then you should expect the repo men to show up very soon.
What covenant with God did the Israelites believe was reaffirmed by the ten commandments?
They believed that the giving of the commandments reaffirmed their covenant with god.
What is a reaffirmed loan?
A "reaffirmed loan" is a loan that the claimant in a bankruptcy has left out of the bankruptcy and is "reaffirming" that they will still pay the loan as usual.
What is a reaffirmed mortgage?
A reaffirmed mortgage is one that was included in a bankruptcy but the homeowners get to keep the home instead of losing it back to the bank. The payments and length of loan may be adjusted.
What does account duration mean in a loan?
what does account durration mean when getting a loan
What does it mean when a YouTube account is unavaliable?
It could mean that you have typed the Youtube account in wrong, that the user has deleted their account, or that their account has been banned from the website.
What is mean by accounthing?
what is mean by account
What does conduct account analysis mean?
conduct of account
What does Vertified Account mean?
that means you can use your account
What does credited 2 your account mean?
Added to your account.
