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What is surrender value and cash value?
They are one in the same but the surrender value is the cash value minus surrender charges. Over time the surrender charges go away.
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Can you be sue for charge off account?
Yes, if the debt is not barred by the statute of limitations. In addition each state has different rules on the timeframe.
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What is the good things about a charge account?
A charge account can be helpful because if you need to make a purchase you can charge it to a little piece of hard plastic and get what you want. Finding the money in the long run to pay it back can...
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What is surrender value?
The sum of money an insurance company will pay to the policyholder or annuity holder in the event his or her policy is voluntarily terminated before its maturity or the insured event occurs. This...
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Can you dispute a charge off account?
No. Once an account has been in default for 180 days, the creditor by law must list it as a charge off.