Account Receivables

Question by Tie the good looking Chinese guy: when it says cashflow for a business for sale is that how much it makes after you pay your employees or before Best answer: Answer by KittyIt means the money left over AFTER the bills are paid and employees paid. HOWEVER, some people selling businesses will try [...]

Question by Raven R: Can a collection agency still report a bad debt 3 years after I filed bankruptcy? I filed Bankruptcy in 2006. I just got a copy of my credit report and noticed that a local collection agency is till reporting a debt that I filed bankruptcy against. It says last reported 04/09. [...]

Question by Angie: How much does a husband’s bad debt affect his wife’s credit – can they go after me for his unpaid bills? I had always heard, “Yes they can,” but now I am wondering if this is true!! Here’s the history behind this question: I recently received a small inherritance, and put about [...]

Question by Henrietta S: If you have a bad debt and after 7 yrs on credit report and it turns into a write off by the creditor? Ok a bad debt on your credit report for 7 yrs and than is reported as a write off by te creditor and put on credit report for [...]

Question by barbie: If a bad debt is taken over by a collection agency do I have to wait another 7 years after they report it? If I defaulted on a credit card in 2003 and that bad debt was subsequently handed over to a collection firm does this “re-start” the 7 year reporting period [...]

Question by melagumu: Does bad debt stay on credit report after 7 years or is it supposed to come off? I wonder if this 7 year rule means that creditors will ignore items over 7 years or if the FICO score doesn’t get affected by this older bad debt as much or if it actually [...]

Question by saywhaturthinking: How can I improve my credit after something is “charged off as bad debt”? I had something “charged off as bad debt.” I want to pay it off now that I can, but it’s been sold to another company. The original company keeps marking credit every month, saying it was “charged off”. [...]

Question by eluke: How to remove bad debt from your credit report after 7 years? I have some bad debt on my credit report that is older than 10 years. How can I get them to remove it so it does not show anymore? Best answer: Answer by dieterzakasYou need to get copies of your [...]

Question by donyea k: can an old trade line be added back on a credit report after it falls off? If it can be added back on how do add it back on? Do you contact the credit bureau and ask them to put it back on? Best answer: Answer by JulieAre you wanting something [...]

Question by crcatz: Can a collection agency report to the credit bureaus after an unsuccessful summary judgement in court? Best answer: Answer by SlimickIf this is charged-off/defaulted debt that the collection agency purchased, they can report the item to the credit bureau as allowed under the terms of the Fair Credit Reporting Act….In this case [...]