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  2. Do I have to pay off credit card debt that’s been sold to a ...

    www.aol.com/finance/pay-off-credit-card-debt...

    Key takeaways. If you have unpaid credit card bills that are sent to collections, you have several options when it comes to repaying the debt. You can wait for the debt to reach the statute of ...

  3. How to pay off a debt in collections

    www.aol.com/finance/pay-off-debt-collections...

    The safest way to pay a debt collector is with a method that provides proof of payment, such as mailing a check with a return receipt or using a secure online payment portal provided by the collector.

  4. What is a 1099-C Cancellation of Debt form? - AOL

    www.aol.com/finance/1099-c-cancellation-debt...

    Although there is a statute of limitations on old debt, there’s no statute of limitations on 1099-C forms — which means that lenders and debt collectors occasionally send out 1099-C forms on ...

  5. UCC-1 financing statement - Wikipedia

    en.wikipedia.org/wiki/UCC-1_financing_statement

    A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt). This form is filed in order ...

  6. Credit card debt - Wikipedia

    en.wikipedia.org/wiki/Credit_card_debt

    Debt grows through the accrual of interest and penalties when the consumer fails to repay the company for the money they have spent. If the debt is not paid on time, the company will charge a late-payment penalty and report the late payment to credit rating agencies. Late payment is sometimes referred to as "default". The late-payment penalty ...

  7. Debt collection - Wikipedia

    en.wikipedia.org/wiki/Debt_collection

    A debt collection bureau in Minnesota. Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. [1]

  8. How long can a debt collector pursue old debt?

    www.aol.com/finance/long-debt-collector-pursue...

    Neither the debt nor the payment has changed, but another entity — the debt collector — now has the right to collect the payment. “Debt collectors are companies that collect unpaid debts for ...

  9. Get help with your AOL billing questions

    help.aol.com/articles/account-management...

    You must cancel all AOL services in order to stop billing. Some important things to keep in mind before canceling: • You must cancel your billing and convert to a free AOL account in order to cancel your paid account. • AOL reserves the right to charge and collect any taxes/fees, surcharges or costs incurred before your cancellation takes ...

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