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Re: Bad debt write-off - Household bank violation ?


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Posted by LadynRed (199.91.33.254) on January 24, 2003 at 15:18:52:

In Reply to: Re: Bad debt write-off - WhyChat ? posted by Why Chat on January 24, 2003 at 14:09:21:

After reading the FDIC rules on write-offs, I think I just might have Household Bank's butt in a sling. I have ALL past statments and I can prove EXACTLY when the last payment was made .. and I also have a letter from HHLD stating that they would charge-off the account at the 'end of this month'. I am 99% sure that they didn't charge-off the account until well AFTER the 180-day limit .. and there was nothing that would lead them to believe the account would be brought current for them to apply that 'condition' to the account.

Time to get out my calculator and study these regs VERY carefully !


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