Today we're talking about whether you need to pay back deleted accounts and charged-off accounts on a credit report and this is really important because ignorance of the law is not a legal defense in court. The easiest way to remember this is if the debt was not paid by you or cancelled by the furnisher, you owe the debt. Regardless of whether the account still reports on your credit report, the debt still exists.
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Video notes:
We are talking about something and setting the record
straight. If an account was not paid by you, there should be
a balance. You see, I'm seeing so many places, so many courses,
so many gurus, so many, everybody everywhere, giving bad
advice and false information. You see it's much easier for me
and much better for me as a business owner. If I'm trying to
get into your pocket, if I tell you, the things that you want to
hear because As a sales person. If I were a salesperson, I would
know what you want to hear, you want to hear that. When an
account is deleted from your credit report. You don't have to
pay it. You want to hear when an account says charged off or
written off that you don't have to pay because it was charged
off or written off. And the truth is if there was a balance
and you did not pay you owe it if the debt was not cancelled
you owe it. If it was deleted from your credit report. You
didn't pay you owe it if it didn't pay the debt. Each then.
Guess what? Honey, you do it. Okay. So you see my job isn't to
tell you the things that you want to hear. I know exactly
what it is. That you want to hear. My job is to help you and
educate you and guide you to get you to the, you know, highest
credit score and all that kind of stuff, right? So you have
questions about this, post it down in the comments.
Queen of Credit (Kristin Vargas) is a credit consulting company specializing in life restoration - not just the # of deletions. Over 15,0000 clients have unlocked their future with our assistance and we're here to help you break the chains of bad credit and escape financial jail as well.
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