College Student with Bad Debt Write Off Question!!!?
I was seriously delinquent on a Bank of America credit card while I did a semester in China studying abroad. I know it was stupid but I figured i would pay it when I was back. The credit card is now $1,100 and I received a letter from the Card Services collection agency saying it would be written off as a bad debt in October. The only problem is–it's...
Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…
The Truth About Collection Accounts. | Finance and Financial Services
Creditors send accounts to debt collection agencies to remove them from their accounts receivables, then write-off the...
The Truth About Debt Negotiation (settlement)
LOWER YOUR PAYMENT BY 50% – You’ve seen the ads. They certainly are enticing especially when you are buried under a mound of debt. But should you do it? What’s this all about?
Chances are they are talking about debt negotiation or debt settlement. Is debt negotiation right for you? What are the pros and cons of debt settlement?
Many readers have...
Bad debt write-off. What does it mean…?
when a letter was received a year ago on an unsecured bank loan saying Bad Debt Write-Off? No further correspondence was received from the bank or collection service until now. A collection service has rung to say they are looking to collect the debt. They have said they have no affiliation with the bank but that they bought the debt. What legal proceedings can they...
I hope you’ve been enjoying my posts lately. I thought I might do something different today and rustle up a few bits of info from around the WWW. These are some of the news items and blog posts that have been popular over the last few weeks. Leave me your thoughts.
Have You Thought About Debt Consolidation? | Debt Settlement Jobs
And you will be able to write off the interest you pay on your annual taxes....