Sentences with phrase «own uncollectible»

The unit in Ghana has declared losses over the last three years and has uncollectible trade debts due to tough economic conditions and a currency devaluation in the cocoa - rich country.

If it decides you can not afford an installment agreement, it may deem you uncollectible.

Go for the installment agreement if you're able, get deemed uncollectible again or, if it looks like your dire straits will continue unchecked forever, consider an offer in compromise.

The negative consequences of pushing more debt on households is also obvious: more loans become uncollectible and go into default, creating more loan losses for banks.

«If your circumstances are dire and the IRS agrees, the IRS may deem you «uncollectible» and put you in a status where your bill is not paid but they will not attempt to collect,» she said.

Eager for sales, Graff extended credit to all comers and lost more than 20 % of sales to uncollectible accounts.

The decrease was the result of both higher levels of «chargeoffs» — debt that card issuers write off as uncollectible — compared to 2007 and lower new balances than in 2007.

Its 1998 - 1999 accounts admitted that # 511.45 million was outstanding in child support debts and that a further # 387.57 million had been classified as probably uncollectible.

Its latest performance report suggested that # 3.5 billion of child support debt remains uncollected, and almost # 2 billion of this was deemed «probably uncollectible».

When a debt collection company is asked to provide certain documentation and accurate information (examples: their debt collector license to collect on debt in a certain state or accounting statements) and they CA N'T PROVIDE the requested items or if they provide inaccurate information, the debt becomes legally uncollectible and you don't have to pay it!

Sometimes a creditor, after trying to collect from you, will decide that the debt is uncollectible and will «charge off» the debt in order to get a tax break.

When a creditor considers an account as being in charge - off status, they are essentially considering the debt as uncollectible so late in the game.

The debt becomes uncollectible.

Therefore if they don't, or if they are in breach of contract, this could lead to a debt being legally uncollectible, in which you don't have to pay it.

We will send you a Periodic Statement of your Account each month that you have a credit or debit balance of more than one dollar, or where an Interest Charge has been imposed, or there has been activity in your Account unless we deem your Account uncollectible or delinquency collection proceedings have been instituted against you.

Like a speeding ticket getting dismissed, third - party debt collection accounts can be proven to be legally uncollectible, meaning you don't have to pay it!

This type of agreement can lead to you paying less than you owe because as the collection statute expiration date (CSED) expires for each year you were assessed taxes, that debt becomes «uncollectible.»

Charge - off When a debt is considered uncollectible and is removed from active accounts, and when the balance due is removed from the record of the creditor's assets.

A legally uncollectible debt is one — you may not have to pay.

If the debt collection agency can't prove they have the legal authority to collect on a particular debt — the debt becomes legally uncollectible.

Often, debt collection companies can't prove a debt to be valid and the debt becomes legally uncollectible.

When the debt collection agency is not able to prove that they have legal authority to collect on a particular debt — the debt becomes legally uncollectible.

In other words, an uncollectible debt is one that you — don't have to pay.

A legally uncollectible debt is one that you don't have to pay, and the debt collection company can no longer legally report the negative marks on your credit report.

If they can't prove it or if they added in unauthorized charges to come up with that amount — the debt becomes legally uncollectible.

A legally uncollectible debt is one that you don't have to pay.

Debt validation can dispute your debts, potentially turning them into legally uncollectible debts.

D. Licensed to collect on debt; If they can't provide their license, the debt becomes legally uncollectible, meaning — you don't have to pay it!

So when disputed, the private student loan lenders can't validate they own the loan and the debt becomes legally uncollectible — meaning you don't have to pay it.

If the lender hasn't been to court and won a judgment by the end of the limitation period, the debt becomes legally uncollectible.

An uncollectible debt is one that you don't have to pay — this is the goal of a debt validation program.

Private student loan debt can be disputed through debt validation and often proven to be «legally uncollectible».

If they can't provide all of the law abiding requested and required items and documentation, the debt becomes uncollectible.

If the debt collection company fails to produce any of the items they are legally required to maintain after you request it, the debt becomes legally «uncollectible.»

They simply sell these debts at a reduced price (sometimes as low as 5 cents on the dollar), knowing that if challenged, the third - party debt collection company may lose money due to the debt being legally uncollectible.

The goal is to get the debt proven to be legally uncollectible — so you don't have to pay it!

Debt validation makes the debt legally uncollectible but it does not get dismissed.

The debt becomes «legally uncollectible», but it still exists.

Action of transferring accounts to a category deemed uncollectible, such as a bad debt or loss.

With private student loan debt you may settle these accounts, or utilize debt validation to prove the debts to be legally uncollectible.

Any law firm or third - party debt collection company must abide by these rules and provide the necessary documentation and accurate information to validate, verify and prove the validity of an alleged debt — and if they can not the debt may become legally uncollectible.

The debt becomes «legally uncollectible» if the debt collection company can't prove that they are abiding by all of the laws and maintaining accurate paperwork on your behalf.

A legally uncollectible debt is one that you don't have to pay, and it can not legally be reported to the credit reporting agencies.

A legally uncollectible debt is one that you don't have to pay, despite the empty threats that the debt collector may throw at you.

Debt buyers purchase charged - off, often uncollectible out of statute of limitations debts for pennies on the dollar.

The debt becomes legally uncollectible.

Once a debt is proven to be «legally uncollectible» the creditors can no longer report the debt to the credit reporting agencies (legally anyway).

We have received information that gives us reason to believe that the check is uncollectible.

-- To prove the debts to be legally uncollectible so that you don't have to pay them (the debts will still exist, but they will remain legally uncollectible)

The debt buying industry continues to grow and often the debts they are collecting are erroneous and uncollectible by law.