Charge-offs-Please respond

Discussion in 'Credit Talk' started by rc, Apr 2, 2001.

  1. rc

    rc Guest

    Does anyone know the minumum a company can charge-off and report it to the bureaus.

    Thanks in Advance
     
  2. roni

    roni Well-Known Member

    $1. Some one here had a $1 charge off reported.

    roni
     
  3. MikeB

    MikeB Banned

    No kidding? I would be furious. LOL
     
  4. roni

    roni Well-Known Member

    It's true....$1

    I owed $1 to this book club. YOu know the offers, get 11 books for $1. Well I kept forgetting to mail the thing. They sent me 4 collection letters for the $1. This was about 3 years ago. After reading that poster here last year, I went into my files and mailed them the $1 check.

    And they sent me a thank you...lol

    roni
     
  5. MikeB

    MikeB Banned

    Re: It's true....$1

    Geez, I guess I had better pay for that $19.00 magazine subscription that I keep setting aside :) LOL
     
  6. Dustin

    Dustin Well-Known Member

    Re: It's true....$1

    I thought THOSE magazines cost $29.95 a year? But look at all the pretty ladies! j/k

    I hate seeing charge-offs and collections for tiny amounts. Of course, many people that see that are going to think "This guy would pay off a $10 bill!", and would drop it or delete it from the credit profile. It is pretty obvious that they didn't get a bill.

    Dustin
     
  7. lbrown59

    lbrown59 Well-Known Member

    Re: It's true....$1

    Re: It's true....$1
    Author: Dustin (---.saw.net)
    Date: 04-02-01 16:36

    I thought THOSE magazines cost $29.95 a year? But look at all the pretty ladies! j/k

    I hate seeing charge-offs and collections for tiny amounts. Of course, many people that see that are going to think "This guy would pay off a $10 bill!", and would drop it or delete it from the credit profile. It is pretty obvious that they didn't get a bill.

    Dustin
    *****************************************

    Reply To Message++Any thing less than 101 should not be allowed!!!
     

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