Ask Experts Questions for FREE Help !
Ask
    leoparda's Avatar
    leoparda Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Jul 14, 2010, 02:59 PM
    How can I avoid paying a charge off loan?
    Just a quick question.
    DownUnder's Avatar
    DownUnder Posts: 492, Reputation: 24
    Full Member
    		  
    #2

    Jul 14, 2010, 06:44 PM

    Just because it is charged off doesn't excuse you from paying it. Charge off is simply an accounting term the orignial creditor uses. Don't pay it and you will be in for a world of trouble . First will come the court date and then the judgement and then if your state allows wage garnishment and bank levies so my advise to you would be to work on paying it off, My quick question to you would be why do you think you should'nt pay it. You promised to pay for something and then backed out. Now the piper wants to be paid
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Is custodial parent in charge of paying all medical bills? [ 3 Answers ]

In my current situation, in our separation agreement, I am in charge of paying half of my daughters medical out of pocket expenses. This is being done but wondering if in the right way. One month I pay her prescription medical and the next she pays. I am wondering if there is something in...

Cashing Savings Bonds to put in estate account to avoid paying taxes. [ 1 Answers ]

I have Series EE Gov. Savings Bonds in both of my deceased parents names. I am the only child and executor of their estate. Can I cash the ponds and deposit the money into estate account to avoid paying income tax, then later withdraw? I live in NJ and do not know the tax law on this subject can...

Ashing Savings Bonds to put in estate account to avoid paying taxes. [ 1 Answers ]

I have Series EE Gov. Savings Bonds in both of my deceased parents names. I am the only child and executor of their estate. Can I cash the bonds and deposit the money into estate account to avoid paying income tax, then later withdraw? I live in NJ and do not know the tax law on this subject can...

Avoid paying catalogues [ 1 Answers ]

Am I bound by law to pay catalogue debts? Can thy do anything about it if I choose to ignore them?

Paying back a loan [ 2 Answers ]

I loaned my sister $500 last October and made a verbal agreement with her that the money would be paid back when she received her income tax check. That time has come and gone , she spent all of her check and now says that she cannot pay me back. I think that her first priority was to pay me back....

View more questions Search