Ask Experts Questions for FREE Help!
  Advanced
Register  |  Log in  
   Ask    
 Answer  
  Help  

Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps

At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.

Home > Law > Small Claims   »   charge off

Answer this Question Ask about Small Claims
 
Question Tools Search this Question Display Modes
Question
 
 
#1  
Old Jan 19, 2008, 08:51 PM
macvegas1031
New Member
macvegas1031 is offline 		 
Join Date: Jan 2008
Posts: 1
macvegas1031 See this member's comment history on his/her Profile page.
charge off
question is in a charge off of debt i am being sued for an amount it that legal

Reply With Quote
 
     

Answers
 
 
Old Jan 20, 2008, 04:38 AM   #2  
excon
Ultra Member
excon is offline
 
excon's Avatar
 
Join Date: Aug 2005
Location: On the outside
Posts: 8,107
excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.excon See this member's comment history on his/her Profile page.
Hello mac:

When they use the term "charge off", they're giving the IRS a message regarding how they're going to report the loan on their taxes.
They are NOT giving you a message. You still owe them and they can sue you.

excon
  Reply With Quote
 
     
 
 
Old Jan 20, 2008, 01:07 PM   #3  
Fr_Chuck
Christianity Expert
Fr_Chuck is offline
 
Fr_Chuck's Avatar
 
Join Date: Nov 2005
Location: Atlanta GA
Posts: 23,654
Fr_Chuck has disabled reputation
excon is completely correct, being "charged off"is an accounting term and bases the tax status of the payment due.

This does not stop or change your liability in paying them. And yes they may still sue you for the money
  Reply With Quote
 
     
 
 
Old Jan 22, 2008, 08:28 AM   #4  
tslone88
New Member
tslone88 is offline
 
Join Date: Jan 2008
Posts: 4
tslone88 See this member's comment history on his/her Profile page.
We have two accounts that they labeled as charge off and now another collection agency has gotten a lawyer and served us with a civil summons so make sure to settle the debet if possible
  Reply With Quote
 
     
Answer this Question Ask about Small Claims

« Previous Question | Next Question »

Question Tools Search this Question
Search this Question:

Advanced Search
Display Modes
Linear Mode Linear Mode

 
Similar Sponsors

Similar Questions
Question Asker Topic Answers Last Post
gta charge macho12 Criminal Law 4 Jan 18, 2008 02:51 PM
can she charge? skychief Other Law 2 Dec 8, 2007 04:22 AM
Do they have the Right to be in charge? cal823 Government 19 May 23, 2007 02:34 AM
what to do with a charge off maloney9023 Bankruptcy & Debt 0 Mar 2, 2007 10:28 AM
charge of? yummycrumby Credit 1 Feb 8, 2007 11:11 AM




Copyright ©2003 - 2007, Ask Me Help Desk.
All times are GMT -8. The time now is 02:03 PM.

Content Relevant URLs by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.