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Troubled
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Post subject: 6 year old charge off |
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| this loan is charged off by creditor and now a collection agency is trying to collect almost 7,000.00 more than the loan was.Am I still responsible to them? the company cheated me and wouldn't negotiate and now they are what do I do and isn't the statute of limitations up? |
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Niicss
Joined: 03 Oct 2005
Posts: 4834
Location: New Jersey
508.88 Dollars($)
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Post subject: |
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| Though your loan has been charged off, you're still responsible for the payments. However, this time you will have to make the payment to the collection agency. However, if the statute of limitations is up, then the CA won't be able to take any legal actions against you in order to recover the debts. |
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george jones
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Post subject: credit card write off |
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| I have a charge off from citi and they sent a 1099 C to IRS,I was in a collection company,HALO and there was no deal except I got letter and 1099C jan 2012 and they cancelled account 12/01/2011.what now Halo playing dumb? tks |
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george jones
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Post subject: cancelled debt |
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| stated above,tks |
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adonis
Joined: 22 Oct 2005
Posts: 10562
Location: ALASKA
1089.18 Dollars($)
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Post subject: |
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Hi george,
Your query is not very clear to me. Is the collection agency charging you again for the debts?
_________________
Procrastination is the enemy of your financial success |
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Ionoone
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Post subject: Mortgage account charged off on my credit report |
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| What does this mean, I have been reading I understand I still owe the debt, But Can they foreclose on my property if it has been charged off as bad debt? I live in Florida, They sent me a letter saying they would accept 30% of balance.. To bad I'm disabled and don't even have 30%. I still live here can they take my house IF it has been charged off as bad debt? |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 2708
Location: MICHIGAN
429.63 Dollars($)
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