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What are Credit Related Expenses?

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Sam Site Admin Joined: 21 May 2005 Posts: 813 Location: CALIFORNIA 347.04 Dollars($)	Posted: Tue Jun 01, 2004 12:53 am    Post subject: What are Credit Related Expenses? Like 0 Dislike 0 Credit related expenses are the sum of lost property expenses plus the arrangement made for those losses. For Example, Sam purchased a farm house for $500,000 in Scotland in the year 2001. He also took a loan of $100,000 in the same year from a bank. Two years later he unfortunately lost his property, so money invested in purchasing a house plus amount of loan taken i.e. $500,000 + $100,000 = $600,000 are the total credit related expenses of Sam.
Rowlett Guest	Posted: Thu Dec 21, 2006 12:53 pm    Post subject: Like 0 Dislike 0 The term credit related expenses is also used in foreclosure proceedings so as to mean the sum of all the expenses related to foreclosure of the property and the provision for any losses (like, charge offs) which may occur in such foreclosure proceeding.

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