Credit - April 2007

If you get sued over CC debt and a judgement is taken out, can they take personal items from your home (in NC)?
What if you send a validation letter and the agency does not verify your debt to you? What do you do?

Where do you find out what states a collection agency is licensed in?

2007-04-24 09:24:05 · 4 answers · asked by ssmc 1

I have a $2000 on a credit card and they recently increased the interest rate on it. When i call them, they said they can close the account and that will eliminate the interest rate totally. However, i won't be able to use the card and still obligated to pay the remaining balance. Should i do this? will it really screw up my credit rating and effect me negatively?

2007-04-24 09:13:07 · 6 answers · asked by Anonymous

I read a book on quick ways to rebuild credit after Ch7 BK. It said for a credit reporting agency to validate a Ch7 BK once the consumer contests it, they have to see the actual hard copy record when they investigate. The book says that after 3-4yrs your BK record moves from whatever region you filed to their archives . Whenever you want to view the record the hard copy will be sent back to your local "agency" where it will be held for your viewing for 30 days then sent back. What you're supposed to do is make a request to view the record and then when its it transit also request the 3 credit reporting agencies to verify the BK. They only have 30 days to do this and they are supposed to only be able to verify by seeing the hard copy, which is being held for you to view during the same time frame. Since they can't verify the BK record then they will supposedly remove it. Has anyone ever heard/tried this?

2007-04-24 09:00:55 · 4 answers · asked by mary 1

I am looking to buy something online...but the only options for cards are VISA,MASTERCARD,JCB,SWITCH,SOLO and ELECTRON...

My debit card has MAESTRO on it (and CIRRUS at the back) Which one in the group does this conform to?

2007-04-24 08:29:46 · 15 answers · asked by Jazz 4

2007-04-24 08:21:55 · 15 answers · asked by always thinking 1

from a collection agency last Sept. and they quit calling in Jan. 2007. I got a letter from Honda that said Cancellation of Debt. Now today I get a call from another collection agency about this debt...saying that this debt wasn't cancelled..What can I do about it. I'm in PA and the statute of limitation runs out after 4 yrs. They repossessed the car the first week of April 4 yrs ago. When does the statute of limitations begin on car loans??

2007-04-24 07:19:29 · 6 answers · asked by chico01 2

2007-04-24 07:00:02 · 5 answers · asked by *~the time of your life~* 1

2007-04-24 05:51:35 · 7 answers · asked by Robin 1

2007-04-24 04:58:32 · 7 answers · asked by Anonymous

then i paid rs. 30000/- for claiming that money. But now ther are demanding $1000 for cleaRING CHARGES. I want to know is this legal or not.

2007-04-23 23:53:10 · 23 answers · asked by Pawan 1

it, how do I work out how much interest it will cost me? Say, if I take a month to pay it back, how much would the interest be?

2007-04-23 22:59:19 · 5 answers · asked by Anonymous

I can't afford to make the repayments at the moment.

2007-04-23 22:19:23 · 13 answers · asked by Susan M 1

i have one credit card that i use every month. each month, i pay it off in full. is this really helping my score? this is my first card, and im only 19. im very frugal by nature, so i would never splurge all my money away. bit of a tight wad...

is this helping me the most? also, i accidently applied for a card (stupid woman called asking questions. i said i wasnt interested and she said ok, but i still want to ask you a few questions. i answered quickly, and hung up. to my dismay, i see a new bank of america card the next week...) i sent them a letter to cancel and they said ok, just make sure its paid off. well i never used it once. is this little mishap gonna hurt me in any way?

2007-04-23 20:24:32 · 10 answers · asked by J Balla 4

For the last two years I have been trying to improve my credit. Pay all bills ontime or early, I have not applied for any credit (no inquires) paid off debt, increase my earnings, added no new collections, recieve credit counceling . I had originally had about 6,000 worth of debt utility bills, cell phone mostly 1500 still remains as credit card debt w/total debt of 4,000. I have student loan in good standing, financed two cars (JD BYRIder), and now a third with no late payments. My score went up from 550 to 590 and now back down to 560 in two years. What can I do to keep it up, why would it go up and then down? What can I do besides what I cam currently doing to keep it up?

2007-04-23 19:10:31 · 6 answers · asked by nene 3

A trust fund was set up for a terminally ill cousin and his parents used my name when I was to be removed from the account because it was set up in their absence. I have moved from where I was banking and unable to obtain a checking account and they new bank now makes me deposit half of my pay and holds it for 10 days. I am in the process of fighting the bank reagrding misuse of my name but however not winning and will have to pay off the debt my relatives ran up writing bad checks. How or where can I open a checking account in my name if my own credit union won't do it. This has created such a strain on me as a single parent of three. I have always used a debit card to pay bills so my bills are always late, not to mention the fees for cashing checks and comprimising my safety at liquor and grocery stores in bad neighborhood or having to sacrifice needed items because I have no money?

2007-04-23 18:25:30 · 10 answers · asked by nene 3

Just looking for something that will give me more bang for my buck

2007-04-23 16:11:06 · 9 answers · asked by dunebugger 2

I know in NC that wages cannot be garnished. But can a credit card company freeze/levy your bank account.
Also, can a lien be placed on property that is jointly owned (on deed) not on loan.

2007-04-23 15:21:27 · 3 answers · asked by jsb4122 1

2007-04-23 12:15:58 · 8 answers · asked by wounderingmind 1

Can the car place where I got my car from put a garnish on my wages because they repoed my car or do they only put a judgement on me? I do want to pay back the loan in time. I have every right to pay my loan back I just got myself in a mess and fell to far behind in my payments, thats why they took my car.

2007-04-23 10:59:04 · 1 answers · asked by dolly hunt 1

Talking about a credit report?i.e. a cable bill

do they mean so in so owes 285 or the 484?

2007-04-23 10:41:25 · 5 answers · asked by lala 2

I have a collector calling me on a debt from 2000. If I just wait until 2008 will they have to let the debt go?

2007-04-23 10:07:21 · 11 answers · asked by Special K 2

2007-04-23 09:59:46 · 7 answers · asked by J. W. 1

I would like to borrow $1.23 from a giving person to buy something special. Thanks!

2007-04-23 09:55:56 · 12 answers · asked by That one guy. 2

I bought a car and financed it for 18k, and I don't like it, I don't want it any more. Is there a way that I can sell/trade without my loan payment going up, or losing more than 3k on it? HELP! ASAP!

2007-04-23 09:49:12 · 4 answers · asked by V B 1

My girlfriend's received a few letter's in the post from a company by the name of Mackenzie Hall, claiming she owes a figure of around £225.00. Having done a bit of digging on the internet, it appears Mackenzie Hall are a company who buy old debts and then try to reclaim them accordingly.

I also understand that the tactics they use to track people down are a little dated - simply a case of looking up matching names in the phone book and sending out letters willy nilly.

I am certain the debt has nothing to do with my girlfriend as she has no outstanding debts that she is aware of, and has never had any dealings with The Money Shop, named as the pursuer.

Whilst I'm sure she's not at fault here, is there anything we need to do so that no erroneous legal action is taken - for instance could a CCJ result even though the debt is not hers. Do we need to take any action ourselves.

Also, would there be the possibility of claiming for stress and worry - I don't like their tactics one bit.

2007-04-23 09:24:55 · 1 answers · asked by jonnyjpa 1

2007-04-23 08:40:53 · 8 answers · asked by knowitall 1

what would you do ? my partner want,s to pay there credit cards off it,s been 6 months since they made the last payment and now is frightend to get in touch just in case of in prisionment they could make a decent payment each month . really dont know how to help any ideas?

2007-04-23 08:28:17 · 6 answers · asked by paul 2

My wife and I made a commitment to get out of debt. Our plan started in February and we have now cleared all credit card accounts. We still have a vehicle we are making payments, (more than the minimum) and student loans. For the credit cards I planned on just keeping the $0 balance and sending in $5 a month to each card, to produce a credit balance. Is this okay, should we still use the cards for say gas, just so it carries a balance each month? I dont want to close them as my wife has little to no credit history. I'd prefer out of sight of of mind and use our debit for purchases, but I want to improve my history and establish hers. Any adive would be greatly appreciated.

2007-04-23 07:56:48 · 17 answers · asked by CO21 2

I need to call their banks listed but I'm not sure what to ask. Will they tell me a 12 month average balance, if any checks have been returned in the previous 6 months, and the date the account was opened? Are these good questions and will the bank give me the answers? I've never done this before.

2007-04-23 07:52:36 · 2 answers · asked by Sarah B 1

I am struggling for a few months-but not sure how far out youcan be on your mortgage before they start foreslosure

2007-04-23 07:08:07 · 12 answers · asked by catfur4u 2