Credit - August 2007

and it had unauthorized charges. I didnt pay the charges and it went to collections. It is now off my credit(dropped off) I have been getting preapproved from capital 1 again this time for m/c. If i applied for the m/c would they be able to put the charge off balance on that card or is it off thier books?

2007-08-21 13:27:55 · 4 answers · asked by donny8361 2

2007-08-21 13:23:12 · 4 answers · asked by keith w 1

I could not afford the trustee payments and mortgage payments, so I asked the trustee to discharge my plan so i can sell my house. I have a settlement in two weeks. What should my next game plan be? Can the discharged BK be disputed on my credit report since it was dismissed?

2007-08-21 12:44:26 · 1 answers · asked by dgoldenboy67 1

From home loans and car loans to credit cards, I'm wondering how many Americans are in debt.

2007-08-21 12:31:57 · 4 answers · asked by Aaron 1

As you may or may not know currently, putting some one your account as an authorized user will increase that persons FICO score. (You are using the history of some one else).

I have heard that starting next month that this is no longer going to be the case? How true is that? What is the deal here? A person will be put on as authorized user but his or her FICO will not go up? When will this take effect? If some one is already an authorized user are they grand fathered in or will their FICO go down?

Lastly, I have been told that if the people do not have the same last name or it can not be proved that they are related that they will be invistigated for fraud(?) How true is that?

Please help!

2007-08-21 12:12:25 · 2 answers · asked by Anonymous

I think it is good for people to know that even if they are deep in debt they can get out of debt if they work hard at it, and know that others have and are doing it. Once upon a time, our family had 30K in credit card debt and now we are down to 8K. We plan to have it all paid off in 18 months. How about you?

2007-08-21 12:04:26 · 5 answers · asked by TruthSeeker 3

I know how the process works, but my situation is that I was in OK, thats where the suite is filed by the American Express Blue, but I work in TX now.

1- Can I tell them that I dont work anymore do a search.
2- Since the case is filed in OK district court, can they enforce a TX based company to get the wages garnished?..

2007-08-21 11:14:16 · 6 answers · asked by Sib10 1

If I am sued by a debt collection firm and they have obtained a default judgment against me, and I am willing pay, how can I pay if my account is already frozen? I can't write checks to them?

2007-08-21 10:38:47 · 4 answers · asked by Keninho 2

In 2004 , I was admitted to the ER in another state and then stayed in the hospital for 2 days. I had health insurance , but I was surprised with 2 collection accounts in 2005 (from the
hospital and an Xray doctor).
The major surprise is NOW. After about 3.5 yrs , I see a major derogatory new account on my credit report for a bill sent by a physician in this ER and of course reported by a collection agency, The amount reported is about $460!!
I spoke with the collection agency and I told them I didn't know about it but they were extremely not cooperative.

How can I remove this collection form credit report ?
I understand that I may have to pay it(Although I didn't authorize it ! ) but I want to make sure that it is totally removed form my credit report as a derogatory account after that.
Please advise...

2007-08-21 10:35:15 · 8 answers · asked by Al 1

Is it better to go through a Credit Union or a Regular Bank for a auto loan? The APR is the same and the monthly payment would be the same. Does your credit score benefit more from the regual bank?

2007-08-21 09:49:02 · 7 answers · asked by luvmyarod 1

I am in the same situation as many people I make enough money but still somehow have none let over for cushioning

Auto-$442
Insurance- $127
Rent-$733
Cell-$60
Cable-$35
Home Phone-Basic Service-$10
Gas-$40 week
PGE (Gas and Electric)-$20
Credit card (consolidation program)- $256

I make $1200 a paycheck (two times a month) and am still constantly overdrawing my account to pay my expenses causing my next check to be 1200-the overdrawn amount.

Any suggestions are welcomed

-I would also like to add that I discontinued cable
-My car insurance is with AAA and is higher than normal because of an no-fault accident in 2005
-Although my car payment is high it's because at the time I had bad credit (score of 599)-I am not sure if I can refinance

From what you know where can I save

2007-08-21 09:28:12 · 11 answers · asked by K.C. 5

For around, £20,000. So far it is First Plus with 6.9% APR Typical, anything lovwer than that?

Thanks

2007-08-21 09:17:40 · 3 answers · asked by Anonymous

I have an account on my cred. report. Last date of activity was October 2002. It is listed under the collections area of my report - and it is listed as a 'current delinquency'. I get a phone call from the creditor about twice a year, and a letter once a year. This all happened after a bout of unemployment.

I was told that my creditor can keep it on my report indefinitely. Then someone else told me that it must 'fall-off' 7 years after the LDoA.

Whose right? My question also is: what is the average time a collections agency will use to take you to court for amounts owed in the hopes of getting a judgement against you (it has been at the same agency for almost 1 year and a half)? Monies owed total is almost $7k, through research I have found that this particular company pay about 8-10 cents on the dollar...(if that makes a difference).

I would rather give my money to a charity...but that won't help my credit score. Will paying off this debt help?

2007-08-21 08:57:06 · 7 answers · asked by Jess T 3

A friend has a very low score but has an opportunity to purchase her new home for a very very good price. where can she apply?

2007-08-21 07:52:56 · 5 answers · asked by Optimistic 4

Say this bank is approving me only for 10,000 but the car is 15,000 can i take that 10 grand loan and get a separate 5000 loan from another bank to pay for my car?

2007-08-21 07:30:26 · 8 answers · asked by Anonymous

I am a responsible person with excellent credit. My employer accidentally didn't auto-deposit my check and I wrote out my bills like usual because I didn't know this at the time. My credit card payment bounced and my Chase/Bank One APR went from 8% to 30%.

My employer won't write to Chase/Bank One to verify they accidentally didn't auto-deposit and Chase/Bank One won't change this for 8-10 months.

I can change this over to another card but I wanted to know if there's any recourse for this using a non-profit service or federal credit counseling. I'm more upset that I have been a Chase/Bank One customer for most of my life with excellent credit and they would do this to a person for 1 problem.

I understand legally they have the right but is there any other way to report this since they are not willing to work with me on this?

2007-08-21 06:20:36 · 4 answers · asked by Marie Q 2

I received an offer in the mail for a settlement on an old credit card debt. It's almost 10 years old. Do these fall off of a credit report or should I pay it? I cannot find any information as a guideline for what I should do. Any sites for information would be greatly appreciated!

2007-08-21 04:38:07 · 10 answers · asked by eemac 1

I received a letter at my mom's house saying that I have to appear in court next week for an old credit card debt from Filene's or I will be arrested because there is now a warrent for my arrest. When I was only 17 they mailed me this credit card in the mail and allowed me to activate it without ever checking my age. Now, I am 25 years old working two jobs to take care of a 3 year old all by myself who has Autism. Can I use the fact I was a minor when the card was issued to get out of this debt? How can I prove it?

2007-08-21 04:37:07 · 10 answers · asked by Nicki R 1

We have about $30k in equity on our home, and currently have a 30 yr fixed at 6.9%. I'm not sure if refinancing will help or hurt us. My student loans are at 7.22, but I only owe another $3500, and my auto is 1.9% and I owe about $6500. I thought about paying those off with the cash from the refi - is that a bad idea since the auto loan is at a lower rate? I thought since the mortgage interest is a tax right off and the auto loan isnt...?

If we aren't sure how long we'll be in this house, is refi a bad idea?

I'm pretty confused about this - any help would be greatly appreciated.

2007-08-21 04:13:06 · 9 answers · asked by Magaroni 5

Will the credit rating companies show my past credit ratings? Like 6 months ago or 1 year ago?

2007-08-21 03:48:50 · 3 answers · asked by Craig C 1

2007-08-21 03:34:59 · 5 answers · asked by Arsalan A 1

2007-08-21 03:20:12 · 2 answers · asked by SEXYGYAL 3

Is this normal or quite low?

This is the first time I have had a credit card.

2007-08-21 02:57:22 · 8 answers · asked by abluebobcat 4

I had an unsecured credit card for over 7 years; however, after we moved, I've been unable to pay anything on this account since 2003.
Out of the blue I received a summons to appear in court from a collection attorney who claims I owe a whole different co. than the original one. I could not afford an attorney of my own, & from what I understand, an unsecured credit card in Tx. statute of limitations is 3 yrs.
I filed a written answer to the court. Since that time, the collection attorney has requested a continuance 3 times, in order to come up with significant documentation that I owe this amount. I have a signed paper from the judge that the case was continued; However, I received a letter from the collection attorney yesterday claiming the court convened & judgement was ruled against me. Also that I have non exempt property they are going to seize, & that I have to respond in 10 days to work out a payment arrangement.
Should I answer them, or go to the real court date?

2007-08-21 02:22:29 · 3 answers · asked by yellowrose 1

I'm 19 years old and I have one credit card that I have had for a year now. My credit it pretty good but I want to improve it anyway. If I were to get a 2nd credit card will this help my credit at all or make no difference? I wouldn't use it that much, I'm just curious if it would make a difference. Thanks!

2007-08-21 02:18:02 · 7 answers · asked by ♠ Makela 2

2007-08-21 02:11:17 · 6 answers · asked by Elle's Mommy 3

Obviously, the numbers are still readable, but would the bar for scanning purposes be damaged by being in soap/water?

--I couldn't find a proper category for this, so I let Y!A throw it in Credit.

2007-08-20 23:52:38 · 6 answers · asked by I Know Nothing 6

A debt of mine from a credit card was bought by a collection agency, but on my credit report, the balance the collection agency is showing is 2x the amount of the balance they bought. Can they do this? The account was closed in 2004 and sold February of this year.

2007-08-20 21:44:08 · 4 answers · asked by Colin J 1

Last year I lost my job. I am now working now. However, my salary is less it was before. I caused myself to now have poor credit score. I am working hard on paying it off. I am just wondering if there is a way to re-build your credit score.

2007-08-20 20:42:52 · 7 answers · asked by cpm 1

2007-08-20 18:52:18 · 2 answers · asked by velma_vega 1