Business Cards. when do they charge off?
Date: Sat, 07/18/2009 - 16:52
what do you mean by personall guranteed? All i know is that we d
what do you mean by personall guranteed? All i know is that we dont even have them in a real business name they are just under our social security number. we got them thinking we were going to start a business but never did... there was no Federal id number or tax number required to get them, just a social security number. Its a chase business card limits of 10 thousand
they asked for a business name online when we filled the apps ou
they asked for a business name online when we filled the apps out and we just put her name for one and for mine "bussiness Account"
I had a number of business cards, used for a business I had to c
I had a number of business cards, used for a business I had to close. One got settled before it was charged off. One still had not charged off at 270 days, when I received a summons with an alternative settlement offer. The other one was around 180 days, I believe.
As far as it being a business card, I don't think that would matter when it charges off so much as the company it belongs to. And now, with the turmoil in the industry, who knows. I don't think there's any set rules. Mine were BofA, Advanta, and Chase respectively.
Do they settle for a percentage of the balance for when you stop
Do they settle for a percentage of the balance for when you stopped paying or from the current late charge fees and etc?
When you stop paying, the fees and interest continue to accumula
When you stop paying, the fees and interest continue to accumulate. It can add a few thousand. For example, one account I settled started out at 10,000 and by the time it was settled it was up to 12,500. But I got a 25% settlement, which was still a good deal, a little over 3,000. It's all part of the negotiation.
I have a First Equity Business Card, I have not heard much about
I have a First Equity Business Card, I have not heard much about them. I owe about $7500 and just missed my first payment. I asked them to lower the interest rate a couple of months back and work with me, sorry 16% is the best we can do.
i just talked to citi group and missed my first payment,. they s
i just talked to citi group and missed my first payment,. they said that its 180 days to charge off.. but they were nice about everything and understanding. I told them my plans were to settle down the road... I just wonder when chase business cards charge off