Credit - August 2006

A friend, deeply in credit card debt, went to a financial counselor. He said that since they were unsecured loans, there was nothing the credit card companies could do to her. Pick one card to keep and pay on, forget the others and change her phone number. Her credit was already ruined for seven years so she had nothing to lose..

2006-08-26 04:44:52 · 6 answers · asked by Anonymous

Coralla 2005

2006-08-26 03:35:22 · 1 answers · asked by CURBELO N 1

I'm not looking for advice about how to avoid getting into debt. A close relative coerced me to get credit cards at age 19, so that he could make purchases, and promised to pay it back. Yes, I was young and stupid. No, I could not have possibly paid it back myself. No, I do not plan to take him to court or try to get the money. He does not have it, and I do not want to tear my family apart. Please, I am just looking for the answer regarding the 7 years. Now that I am starting my own family...and I have some sense...I would like to buy a house in a few years. Thank you for your help.

2006-08-26 03:22:46 · 11 answers · asked by Patrice 3

I may need a co-signer, not sure.

2006-08-26 02:41:37 · 3 answers · asked by mrjackrussell 2

2006-08-26 00:31:29 · 3 answers · asked by thù tỉ tỉ 4

Here's the story: Me and my fiance cosigned a house for my mom and a house for my uncle. Mom's house is $700,000 and uncle's is $800,000 for a combined total of $1.5 million in real estate under our names.

We did a credit report check recently and found out mom hasn't made a house payment in 6 months and uncle pays but is late.

My FICO score went from 689 to 551 and fiance's went from 660 to 503. Yes, it's THAT bad. So bad in fact that we were turned down from buying timeshare and trying to get a condo. We have to move in 3 months and no one will take us due to our scores. We even tried renting a room and got turned down due to score.

I know refinancing is the best way to be permanently removed as opposed to quit claim.

Should we hire a lawyer? Would that do any good?

Also, are we entitled to half of the equity on both houses since we are primary?

We were planning on getting married next year and getting a place of our own but now it's not going to happen.

2006-08-25 21:32:24 · 13 answers · asked by jaycie685 2

which is more forgiving on your credit report and easier to overcome? please be specific and if you have experience to relate please share it.
my brother has a car he can no longer make payments on. the bank said if he sells it they won't give the title over until the entire balance is paid off (which is ALOT), so how is he supposed to sell it? they also said that he must be paying on the car for at least 1 year before they will even consider granting him an extension to sell it. he's been paying on it for 6 months now......i am trying to help my younger brother figure out what to do........we have thought of everything and it seems he has one of 2 choices......which is the lesser of 2 evils?

2006-08-25 20:04:30 · 10 answers · asked by origchick 5

I've heard bad stuff goes off your credit report after 7 years, so can you wait it out and have decent credit again after 7 years? Anyone know how that works or what to do to fix it?

2006-08-25 19:10:10 · 9 answers · asked by Kristy R 1

2006-08-25 18:56:45 · 8 answers · asked by PETER PARKER 2

2006-08-25 18:25:44 · 5 answers · asked by kiez 1

it but both our names are on it now we're broke up and i want to get the car out of my name i have not seen nor heard from him in 3-4 years now nor have i seen the car how do i go about getting the car out my name i don't want the car and the only way i know of is to get him to refinance the car, but he has horrible credit and he's not cooperrating with getting out my name and i don't know where to find him PLEASE HELP!!!

2006-08-25 18:14:10 · 14 answers · asked by naughT 2

Hello. I recived a call from a nasty little man looking for my wife last week. i told him she is not here, he then told me that i am a lawyer and she ows me money now. I told him how, he went on and told me that she quit paying on a capital one card 5 years ago thats 3100. I said i have to discuss it with her, he said to late you have till the end of the day. He also told me it looks like the 2 of you own a home, if you dont call me i will take you to court and part of your house will be mine. I did talk to my wife a day later and pulled up her credit and its there. Now can they do this with the house. this debt occured before we got married or bought a house

2006-08-25 17:20:23 · 8 answers · asked by Anonymous

2006-08-25 17:18:53 · 13 answers · asked by wise investment 1

2006-08-25 17:10:30 · 9 answers · asked by Paul S 2

No bank info, one that that Creats its OWNE account

2006-08-25 16:22:37 · 10 answers · asked by Theodore C 1

2006-08-25 15:33:03 · 7 answers · asked by jrkfire23 1

What about repayment? Is the bureaucratic overhead prohibitive?

2006-08-25 15:30:19 · 4 answers · asked by Ejsenstejn 2

If I use a credit card check, does that count as a cash advance? Or, is it different by company?

2006-08-25 14:06:53 · 11 answers · asked by Anonymous

I am talking about those companies that say they can help work out repayment plans with lower interest rates and monthly payments.

2006-08-25 13:43:24 · 11 answers · asked by Fisher 3

what is form 1040A or 1040EZ about?what kind of income will be eligible to file using those form? thanks for any help that i can get

2006-08-25 13:28:32 · 7 answers · asked by wlove 2

2006-08-25 11:56:01 · 10 answers · asked by Wise ol' owl 6

I owe approx 30,000 and I'm only 27 years old. I just wanna fix my credit. It sucks to have bad debit u cant get #$%#. I dont wanna deal with that later in life.

2006-08-25 11:44:43 · 8 answers · asked by stayfocus114 1

My husband is making payments on this bill but we dont trust the debt collector. He only fell behind because my husband lost his job when he became ill and had to be hospitalized. It was over a year before he became well enough to work again. It was turned over to a collection agency and even though we have been making monthly payments they refuse to issue a receipt. I have a my own records of these transactions but I do not trust them at all! One thousand dollars is all we have left to pay on this note and we will be through if they let us continue to pay monthly. I dont know if they will.

2006-08-25 11:44:38 · 11 answers · asked by Marie 7

2006-08-25 11:18:25 · 5 answers · asked by Marie 7

2006-08-25 10:59:48 · 12 answers · asked by Marie 7

Ok, so about a year ago, my brother opened up an account with Dell Financial under my name. He never made any payments and I started getting calls around Christmas time last year regarding late payments and what not. I payed them what they had asked, and then it happened again after about 3 months when my brother said he would make payments. long story short, my brother has not made payments, I know it's something I need to work out with him in terms of payment, and I already have, however, the Dell account is at $1900 when the original purchase was about $1500, and i've already paid about $650. I told them the story about my brother opening it under my name without me knowing and offered to settle for $1200, which would still be $1850 total, so they'd still be getting a profit, but they wont accept it and continue harrassing me and calling 8 times a day. Is there anything else I can do or am I basically screwed?

2006-08-25 10:57:53 · 13 answers · asked by castlemac4 1

2006-08-25 10:35:11 · 18 answers · asked by Garland Red Neck 1

I am a Mortgage broker and i deal with alot of people with bad credit , i would like a contact that i can have my customers sign in order for me to help them establis credit. I am not going to charge them anything upfront , i just want them to be happy with my service and use me as there broker to buy a house , refinance there house or hopefully be so impressed that they are willing to me send me referral business.

2006-08-25 09:16:20 · 5 answers · asked by Gengis 6

Should they just be allowed to send you a notice in the mail saying stuff like*Congradulations, for being committed to them and for having perfect payments etc...that they can just raise it from 7500.00 to10.000 without even asking if you want it?

2006-08-25 08:59:52 · 18 answers · asked by Anonymous

I've heard if you have a past due bill, like to the power company or such, and you dont respond to there requests to pay it. After 7 years it goes away. Is that true? Does it work for all bills, like medical, or school also? Hows that work?

2006-08-25 08:59:11 · 11 answers · asked by LolaStar 2