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Seven Simple Facts All Monitors
Business

Seven Simple Facts All Monitors

Remember the trap that we talked about earlier Making restitution for chargeoffs may further degrade your credit score as it can make debts appear older than they are. It is difficult to determine which credit card has caused the most damage. A closed account indicates that you still owe the debt you incurred before the closing, but there is no longer an account limit. In a chargeoff situation, the company typically closes your account and then turns it over to their collection department or an independent collection agency. Your company may also be held liable if a driver from the company accidentally kills someone walking. We all remember the famous scene from "Risky Business198 in which Tom Cruise slides across the floor in his underwear. Many business owners make the mistake of not rec...