Credit - July 2006

I hired a collection agency to collect some outdated business debts for my company, they collected the money, but say not that they can't pay me my part. I have a copy of the customers cashed check, is there any legal proceedings that I can follow? I am in KY and the collection agency is in FL. We are talking 9000.00, and they are trying to get me to settle with them for 10% of 70%, and telling me if I don't they will file. The company is in Fort Lauderdale, Adam's Johnson And Murphy. Do I call the bluff?

2006-07-04 14:21:47 · 5 answers · asked by Glynn 1

I ask this because a few months ago I had about $1,500 in credit card debt at about 9% interest. I thought this was a lot. Then I read that the average American has credit card debt in the amounts of 2x-10x what I have here, and at double the interest rate.

Why are Americans willing to borrow so much? Does this correlate to the national savings average being a negative percent? And lastly, once everyone is totally broke and so far in debt that they can never pay it off, who is going to foot the bill in the end?

2006-07-04 14:16:40 · 14 answers · asked by opticalnoise 4

2006-07-04 13:56:53 · 4 answers · asked by Jeffrey S 1

I owe 3400.00 on a credit card. Is that considered hgh? It has been sent to court. Could the judge accept a settlement of me paying half? What is the best thing to do in this situation?

2006-07-04 13:44:44 · 4 answers · asked by CMG23 1

I owe 3400.00 on a credit card. Is that considered hgh? It has been sent to court. Could the judge accept a settlement of me paying half?

2006-07-04 13:43:44 · 9 answers · asked by CMG23 1

2006-07-04 12:33:04 · 6 answers · asked by butterfly23 3

is just that im asking because im very young and want to know that how and what takes peoples money i know for sure that i dont go spending money around so why do alot of people end up in debt it s happening alot nowadays

2006-07-04 10:19:29 · 19 answers · asked by 3333333 3 1

2006-07-04 10:11:32 · 24 answers · asked by Anonymous

my credit is horrible. My question is this; Is it possible to get approved for a home loan in his name only? I don't want my credit affecting his at all after we get married, or preventing us from getting a home...which is why we are planning on keeping all of our finances very seperate until my credit is cleaned up, which I'm working on. He makes a very good living, and can qualify for a loan without me, but am I required to disclose mu info. and be on the loan application as well, just because we are married? Please help as this might determine whether or not I have to postpone our wedding until after we get our home.

2006-07-04 09:26:15 · 6 answers · asked by NYCaliGal 2

2006-07-04 09:16:49 · 4 answers · asked by cassie0559 1

Where do you live?
Do you think you are getting a fair deal?

2006-07-04 08:44:02 · 4 answers · asked by H. Hornblower 3

2006-07-04 08:13:22 · 5 answers · asked by Danielle 2

I am 27 yrs old and make 35K, I currently have $12K in debt...How can I get out of it quickly and start saving. I feel like such a loser sometimes when I see my friends making more money and living debt free. Right now I am living with my parents until I can make more money.

2006-07-04 07:19:23 · 11 answers · asked by James D 1

2006-07-04 06:14:29 · 5 answers · asked by JUSTASKING 1

2006-07-04 05:46:30 · 5 answers · asked by Timber 4

What do you think about this card?

2006-07-04 05:28:09 · 2 answers · asked by Anonymous

2006-07-04 05:25:50 · 8 answers · asked by Tracey H 1

2006-07-04 03:52:26 · 11 answers · asked by JANE m 5

2006-07-04 03:48:34 · 15 answers · asked by aleem a 1

I have the same company call me up to 10 times a day. Told them the first time they called the money has been sent, not my fault it's sitting on someone's desk waiting to be processed. This is in the state of Ohio.

2006-07-04 03:38:14 · 7 answers · asked by eggless 2

As an addition to my other question...can u file for bankruptcy if you are unemployed?

2006-07-04 01:18:19 · 4 answers · asked by ? 6

... i have contacted them 3 times to cancel these outgoing payments, in each case i was told i had to contact paycom.net and cancel with them...when i searched the net for such a vendor, i could not find....and the contact tel no for paycom.net that appears on my bill is invalid....Capital one says i must contact paycom and cancel or they cant help...i cant contact paycom as they dont exist....so what can i do??

Is capital one taking the piss...they have been charging me overlimit fees and all sorts becoz of these monthly transactions...anything i can do to claim it all back??

2006-07-03 22:22:42 · 11 answers · asked by Pat 4

My credit has been getting better, but still isnt enough to get finaced for a house, I got married over a year ago and I dont want to mess my wifes credit up so I am trying to suprize her by doing this on my own. I have back childsupport on my credit, and that effects me a little but if I was able to get financed I would make the payments I am also looking for that person to give me that 2nd chance. I was young when I messed up my credit and now I know why it was important to keep it clean. Please Help

2006-07-03 21:42:19 · 8 answers · asked by thumper_airman 2

I have been enrolled in a debt management program that has helped me in that the creditors have dropped my interest rates down to 6% on my 2 Chase accounts and Discover is at 9.9%. Still this is far better than the nearly 30% I was paying before I started the program. However I am trying to buy a home with my VA loan entitlement and the few late payments I had with the creditors prior to my program enrollment are not allowing me to do so. The VA won't allow any late payments within the past year. The worst part is that I am not even sure they will ever count me as up to date even though they are paid a monthly amount which they agreed to along with the reduced interest rate. I am going to speak directly with my creditors about this in the next few days as I am in the process of relocating due to military orders in the next few weeks. However I feel that I have leverage with them since I have enrolled in the program and a home purchase is a necessity in my mind.

2006-07-03 18:44:02 · 3 answers · asked by Danny W 1

If it really exists, where can I find information on it?

2006-07-03 18:36:29 · 1 answers · asked by Chad 7

i dont have a paying job...im a stay at home mom..can they still sue?

2006-07-03 18:29:23 · 9 answers · asked by Thumper 2

to use card whenever and however I saw fit, since she was unable to leave house due to illness. I was using the card mostly for her (medical) and our bills that were overdue.Before she passed away,knowing she was going to pass away,told me to use card after she was gone to pay for some more bills. At first, I was afraid to do this,thinking that I might get in some sort of trouble.My sister knew the banker well, the banker being the one that helped my mother get the card through them. My sister said that I could still use the card, that the banker said that they(the credit card people) didn't much care as long as they were getting their payments, which I had been paying before and after my mother died. It seems like they should be satisfied with this since they wouldn't have gotten any money from my mother. But they called,asking me to pay large payments which I can't. What can or will they do if I can't pay the larger?Why can't they be satisfied with what I was paying?

2006-07-03 17:59:07 · 4 answers · asked by Anonymous

have too many credit card bills,I want to lower the charges without damaging my credit

2006-07-03 15:36:32 · 4 answers · asked by tortola89 2

I currently work as a mortgage broker who specializes in bad credit loans. I have helped many of my clients understand their credit reports and what they can do to improve their credit.

I love this part of my job, am good at it and would like to turn it into a source of income.

I would like to take a credit repair client, obtain their credit reports and explain the information contained in them in detail. I would give recommendations about what they can do to raise their score and a detailed step by step plan of action. For an additional fee, I would dispute incorrect items on their behalf.

I plan to keep my prices low and offer honest, realistic advice specific to the individual's situation and goals.

What certifications or licenses do I need to start a business that does this?

2006-07-03 15:19:46 · 5 answers · asked by Anonymous

I'm especially interested in credit card debts, but any debt type will do. Please provide details, such as amount, type of creditor (bank, credit card, collection agency...no names), and what happened.

2006-07-03 13:21:33 · 6 answers · asked by Anonymous