Credit - December 2006

a lawyer has been hounding me about a company that went out of business and is now trying to collect on its past debtors. 1994 there was a dispute on the honesty of the co. clients sued and some other co. bought the credit co. 2005 a lawyer is trying to make good on that debt which has trippled into the high thousands. i am not disqualifying what i owe, but i don't want to pay for more then i used. he also stated that interest will occur at the rate of 13 or 12% until the debt is paid in full. he did not offer a ssettlement in which due to my circumstances financially am unable to pay. what are my legal rights and what about the statue of limitations. i'm bearly making my rent and utilities and living presently $1.oo to $1.00...

2006-12-01 10:15:38 · 6 answers · asked by gypsy 1

use the following formula
A=P(1+R)^t TO SOLVE THE FOLLOWING PROBLEM. FIND THE RATE "R" AT WHICH $15,000 GROWS TO $18,482 IN 2 YEARS. ANNUAL COMPUND INTEREST RATE ? %

2006-12-01 10:13:42 · 2 answers · asked by colecole1979 1

As a single parent I had to make use of the title loan place to borrow 600 dollars to use for my rent. I was unable to pay it back the 600 dollars and the 65 dollar fee they charged to use the money in the month I planned to due to some other unexpected emergency expenses that popped up during the month. However, I have paid on time with the monthly payments of 166 dollars last month and this month. Problem is the loan is to be paid off by Jan 2nd, 2007 the last and final payment is 880 dollars, at the rate I have been going I know I will have to rob peter to pay paul so that can get this loan off my back or lose my car. My car is my everything as a single parent I know they are ripping me off, I usually beat these games but this time I might not be able to. What can I do? I feel so silly but can I complain to someone who might be able to me time so that I can get out of this mess.

2006-12-01 09:18:47 · 6 answers · asked by nene 3

2006-12-01 08:47:09 · 19 answers · asked by Anonymous

im fixin to be 23 and i have no credit. I have filled out a few cards for wal-mart and target and they reject me because i have no credit. I've had bills for 2 1/2 years under my name and i still have no credit. I just got told that utilities dont count toward credit. Does anyone know of anything that i can start earning credit???

2006-12-01 08:32:48 · 12 answers · asked by xsuga38x 1

Some people say no, others say yes. Which is correct? I was under the impression, that even if someone is judgement proof, a creditor/collector can win a judgement in court, and have it placed on the debtors credit report, but won't be able to collect on the judgement.

2006-12-01 08:23:35 · 6 answers · asked by Anonymous

has anyone ever heard of LPC credit compnay where you get an amount of credit to shop in the LPC catalogue with the credit limit? Then they charge 50$ or 10% (whichever is greater) to your checking account?

2006-12-01 08:19:04 · 5 answers · asked by wondering 1

What is the best way to help increase your credit score? Especially if you have a foreclosure on it?

2006-12-01 07:29:08 · 18 answers · asked by hitthemtnco 1

1. Orchard Bank Platinum MC.... 0% intro until 9/2007... 12% thereafter. $39 annual fee. No other fees.

2. Anyone heard of Tribute MC? 29% APR.... $0 fees.

Both are "pre-approved" offers.... so which is better?

2006-12-01 07:24:53 · 4 answers · asked by Anonymous

I want to get a credit card because I am soo freaking tired of not having credit. Ex: if I want to hook up electricity or even something as small as getting a cell phone in my own name I have to pay this huge deposit..because of not having enough credit....so I wanted to get a credit card so I could put like $25 on it and paying it off each month...But I cant seem to get one...none of the credit card companies will accept my application. I want a credit card that has no annual fees and as low rates as possible for up to 12 months...can anyone help me out..or atleast suggest a card that will accept me and is a good card? Thanks for any help.

2006-12-01 07:04:16 · 8 answers · asked by Anonymous

If your score is 815 for example and it states your score is 'fair', how do you know what the next 'cut off' is for a 'good' score, example 850 and above? Does anyone know what the cut off chart is, poor would be the next score, is that below 800, 750, 700??

2006-12-01 07:03:39 · 4 answers · asked by Anonymous

I got sucked in to one of these pay day loan places about 8 months ago. The interest is so high that every time I get paid I am now returning to pay off the interest and get ANOTHER loan until the following pay day. I am never going to get back on my feet like this and with the holidays it's even harder. I am spending $200/month in cash advance fees. I have every intention of paying them back, but what if just waited until I had the full amount saved up before I went back there? Ignored their phone calls and just waited until I had the loan amount to give in full? I know it sounds shady, but I am sick of this horrible scam I have fallen victim to.

2006-12-01 06:36:19 · 6 answers · asked by Jennifer L 2

I found several web sites that listed the statue of Limitations in Arkansas for a written contract (car loan) to be 5 years. I need to make sure this is correct.. my husband's ex-wife had a veh. repo'd 8 years ago and he never heard anything else about it but we just got a letter claiming we owed 8,000 for the debt leftover after the vehicle was auctioned... But this happened 8 years ago???? So am I right on the 5 year statute?

2006-12-01 06:21:41 · 8 answers · asked by Holly L 1

Is there anything I could finance to start building my credit up? I don't have a job, I am a stay at home mom, but I recieve child support of $130 a week. I have gotten offers for a credit card, but they all say I have to pay them, so I don't want to do that.

2006-12-01 06:09:03 · 6 answers · asked by Billys girl 3

After much reading, I am looking for the best approach. I have 3 open accounts listed with the 3 agencies. The total amounts are small ($425, $763, $178).

Is it best to first send out a registered letter of dispute to each collection agency and see if they respond within 30 days? If not then report it to the credit agencies?

Or do I just pay the collection fee's and move on? After trying to pay the full amount owed ($763) and getting $200 in interest thrown in my face, I am hesitant to try and settle with the others.

Questions:

a.) How to best handle the existing negative tradelines?
b.) What steps do you advise to start the credit repair process?
c.) Is it possible to remove payroll deducted child support from the credit report itself? I’m not sure if this is standard but child support shows up as credit?
d.) Any way to dispute the late charges from the mortgage and 2nd mortgage? Can I request that they prove that I was late and since it was 3+ years ago they may have trouble?

2006-12-01 06:06:02 · 4 answers · asked by Big Daddy 2

My husband and I have hit an all time low. We have tried to get loans, but my husband has less then perfect credit. To be totally honest he has horrible credit. I need to know does anyone know where we can get a loan from without too much trouble? Please help, SERIOUS ANSWERS ONLY PLEASE!

2006-12-01 05:49:42 · 7 answers · asked by Barbara B 2

I checked my credit report last year and it listed as one of my former names the last name of my mother's ex-husband.

This is completely an error because that was never my last name and I recieve junk mail in that name frequently.

Would I have to show any sort of proof?

2006-12-01 05:43:42 · 3 answers · asked by luvfurypassionenergybabe 5

2006-12-01 05:38:30 · 10 answers · asked by nimi shaun 1

I went to buy groceries the other day and when I swiped my credit card, I was denied. I just got my bill from my company and still have over 1,000$ left on my credit line. I make more than the min. payment and pay well before the due date and have never been late in the 2 years I've had this card.

I've tried to contact the company to no avail.

Why am I being denied?

2006-12-01 05:34:51 · 13 answers · asked by Zoer 5

2006-12-01 05:33:33 · 7 answers · asked by mister roy jones 2

I got into a very serious car accident about 6 weeks ago, and have been unable to work. I make $8.50 an hour when I do work though, so my wages are slim. I am also a single mother of two young children. My ex husband does pay child support, but it is not much. My hospital bills have racked up, and I simply cannot afford to pay them since I'm not even back at work yet. Does any know of a form letter or can any of you attempt to write a letter to my hospital/doctors to ask them to write off the non-insurance portion of my debt? So far it is at about $5000, but that only covers my first hospital stay, as I got readmitted a week after my first stay. Before insurance totals are well over $125K so far, so they did get a hefty payment from my insurance. I'm not trying to weasel my way out of payments, I am just in extreme hardship right now and don't want this to ruin me for years if I can help it. Please save your negative comments. Thank you!

2006-12-01 05:23:22 · 9 answers · asked by Oh Blah 1

I would like to lend my personal money to people with problem credit.

2006-12-01 05:04:19 · 1 answers · asked by pokerstudnolimit 1

I want to be able to purchase a home and get a loan in the future.
I am really trying not to ruin my credit. So i was wondereing if leaving a credit card open with no balance is a good idea. I have heard other places where that was a bad idea. thanks!

2006-12-01 05:01:40 · 9 answers · asked by Gemini2412 2

I don't want the 'bad" credit to show and I do not want the two credit files to get mixed or come together.

2006-12-01 04:43:56 · 2 answers · asked by curious 1

2006-12-01 04:16:43 · 8 answers · asked by tkyia11282000 1

2006-12-01 04:07:21 · 7 answers · asked by Gill R 1

I was told that I could build credit for my business without using my personal credit; keeping the two separate.

2006-12-01 04:01:51 · 3 answers · asked by T-Grip 1

The only legitimate thing to borrow money for is a house. Otherwise, you shouldn't buy things if you can't afford them.

2006-12-01 03:40:34 · 18 answers · asked by Anonymous

2006-12-01 03:13:50 · 6 answers · asked by BudLt 5

2006-12-01 03:04:12 · 3 answers · asked by slickrick542003 1