Credit - August 2007

Here is the situation. Four years has passed and no payment has been made at all on the credit cards. What if within the four years the Company has sued the person before SOL is over and the person wasn't aware or know he has been sued because he was outside the United States sick. What will happen then? thank you

2007-08-16 11:06:31 · 5 answers · asked by Anonymous

I have several charged off credit cards that are 6-8 years old without any payments being made on them. Can they make me pay on these?

2007-08-16 11:02:59 · 3 answers · asked by Anonymous

I am curious. What has happened to a 4 year unpaid credit card bills of Emma? She stoped paying four years ago. She has no job. Her family is the one supporting her basic needs. The bills stoped being paid in year 2003 until 2004. She has moved to so many different places since then and doesn't know what ever happened to the debt or if she got any letters in the mail. Thanks. Just corious for a worried friend. Should she be affraid that something will happen to her coz of this?

2007-08-16 10:27:09 · 5 answers · asked by Anonymous

This is actually my mom's debt that I feel was wrong for a debt collector to have done. I received a call from this collector of any attorney's office who was trying to reach my mother. He explained that he was a 3rd party collector who purchased the debt from the original debtor to collect themselves.

He gave me her previous and current home address; 2 of her credit card numbers (full 16 digits); and he literally read off her credit report (other debts; amounts owed; vehicle information). The other important detail is that he gave me exact numbers of the total amount she owes and what arrangements can be made to pay off the debt (no arrang. accptd) After this conversation, not a week later, I received a letter in the mail directed to my mother saying that "per their agreement" a settlement was accepted to make 2 payments (one per month) to pay off the debt. SHE NEVER EVEN SPOKE TO THIS GUY NOR DOES HE HAVE HER NUMBER OR AN ACTUAL ADDRESS OF WHERE SHE LIVES! Any suggestions?

2007-08-16 10:25:44 · 6 answers · asked by craig_tech 2

I'm 25 years old but I made very bad decisions with credit cards and loans and ended up having bills that were higher than my income. I've recently lost my job and therefore cant afford to pay for anything. I dont own a home, I live with my parents now. I have a car that I make payments on, which have recently gone behind slightly. I have debts going into collections and I have a credit card company threating to take me to cout for the past due amount of $4800. I'm about $12,000 in debt, not including my car or student loans. Would it be best to just file for bankruptcy? What happens if I do file? I dont own any posessions other than a tv, laptop, and car, but I think in Chapter 7 you keep your car. So I have nothing for my creditors to take from me, really. I recently lost my job and I'm trying to find a new one. Having no income makes it impossible to pay what I owe. Should I file for bankruptcy? What happens to my debt and if I do?

2007-08-16 10:20:36 · 5 answers · asked by Anonymous

I have an old credit card debt (2001) and two different collection agency's are trying to collect on it. One put a lien on my house and the other garnished my wages Do they both have the write to collect on the same debt?

2007-08-16 09:05:24 · 4 answers · asked by lizzy2001 2

According to the Fair Credit Report is it unlawful for a creditor to remove a debt off your credit report? That's what I was told from a collection agency.

2007-08-16 08:28:29 · 8 answers · asked by Anonymous

I'm looking to relocate and and need a loan but I have bad credit from when I was 18 and getting credit cards so do u know where I can get a loan

2007-08-16 08:17:05 · 8 answers · asked by lovely 2

I rented a vehicle from one of the big rental car companies. I had a set weekly rate and they were supposed to honor that amount.Instead they forced a charge through my credit card, that was 300 more than it should have been.This caused me to go over my credit limit which I paid and some.Only to come find out that I can't even use my credit card for 90 days. Is that legal and if so why wasn't I informed of this before. I called on several occasions to discuss how much I needed to pay and not once was I told (by the way your account is suspended for 90 days).I kept my end of the bargain in fact I paid the account within 7 days of it going over and 2 weeks before my due date. What can I do to get that extra money and my charging privleges back.? I need that money for my daughters healthcare premium and can't wait 90 days for $300 that was for a bill, not anything extra.I've tried calling and all I get is were sorry noone told you but the hold stays.All I can do is write them and wait!

2007-08-16 08:00:26 · 2 answers · asked by WOWWILBER08 1

I just graduated from college and I'm now working full time. I just bought a car recently and learned that even though I've been paying stuff in my name, my credit is still limited. Whats the best credit card I could get to help? I want something with a good APR...it will only be used for emergencies! Also, are there any where they'll let you choose your limit?!

2007-08-16 07:57:17 · 6 answers · asked by eferrell_3 2

http://www.ptitraining.net/

I am getting my CPR training tonight at the YMCA, but I also need to get First Aid certification and the Y's class for that is booked for a few months and I need it now.
I don't want to take this on-line class, give them my credit card number, then find it is a bogus/fake certification. Also they could use my card in fraud.

Any thoughts?

2007-08-16 07:49:04 · 2 answers · asked by Anonymous

Citibank thought I owed them about $100 when in fact they owed me about $2. So a collection agency sent me a letter. In the end, Citibank ended up paying me $2 and finally realized that I didn't owe anything, but Citibank did not follow up with the collection agency. They were quick to get the letter sent to me but couldn't care less about getting it removed. What can I do about this? There's no debt and never was, but I don't want a collection agency harassing me or adding false information to my credit report.

I am not sending the collection agency proof. By law it is the agency's job to send me proof if I request it (of course there is none). Can an agency send information to credit reporting agencies without sending me proof first?

2007-08-16 05:26:47 · 7 answers · asked by presidentrichardnixon 3

This is also a company that claims they give loans through private lenders. They also want some sort of collateral such as money up-front to secure the loan, car or house, or a co-signer with excellent credit that makes $40+ thousand a year. Does anyone have any information on this company? Please let me know. Thanks

2007-08-16 04:42:54 · 1 answers · asked by Christopher S 1

my husband and i are starting to hit that point where we have some extra money after all the bills & necessities are paid for .. we will be buying a house the first of next year and we really want to know which will work better for us in the long run..
we have about 10k in debt.. i think we should pay off as much as that so it will improve our credit score, get us a better intrest rate and elliviate those bills once we have a mortgage..
he says we shoud put everything extra into a savings account that earns 1-2% interest and either use that as a down payment or buy point on our interest to keep it lower
keep in mind we plan to do both, to a degree, but we aren't sure which one to focus more on.. pay off more debt or put more into savings..

2007-08-16 04:26:50 · 8 answers · asked by Desiree K 2

I heard that if the orginal debt is written off, then a bill collector will buy it and the orginal company doesn't get the money, it goes to the Collection agency. So if this is true, then we don't have to pay our debts once the orgianl company charges them off. Right?

2007-08-16 04:18:09 · 6 answers · asked by Miss 6 7

I have several old accounts in collections and I want to know if I pay them off how long will it take for my credit score to improve enough to be considered for a home loan. Any ideas?

2007-08-16 04:15:16 · 4 answers · asked by Crystal C 1

Where can i get my free credit report without any obligations or costs and completely secure. Or which would be a nice but cheaper credit report website.

2007-08-16 04:11:29 · 5 answers · asked by riskybusinessfan 1

i want to put 100 in my bank acount and keep 60 for my self in cash right their. i have one of those bank acouts where only my mom can withdraw money. does anyone know if i can do that!!

2007-08-16 03:45:40 · 8 answers · asked by MetalHead4Ever44 2

2007-08-16 03:36:39 · 3 answers · asked by Robert A 1

With all the news about the credit cirsis, a question comes to my mind. Let's say there's this hypothetical situation: I have a loan with company ABC. It goes bankrupt. I understand that my loan would usually be sold to XYZ and that I'll just start making payments to XYZ. Here's the interesting twist. Let's say that I'm really bad at making on-time payments, and my house value has dropped since I bought it. Why would XYZ want to buy my loan from ABC? With many of the mortgage companies deciding they don't want low value loans, they shouldn't want to buy my loan. I can't imagine a court ordering another bank to take over the loan - so what happens then?

If the loan gets sold as a bundle to another bank, then why would XYZ want to buy the bundle that has a lot of risky loans?

Thanks in advance!

2007-08-16 03:35:18 · 5 answers · asked by J J 1

My wife and I was trying to apply for a mortgage loan and the mortgage company said that she did'nt have a credit score. She don't have any debt or anything. Her credit history is clean. How does she go about getting a credit score as soon as possible and how many forms of credit should she apply for?

2007-08-16 03:27:38 · 8 answers · asked by Anonymous

...I am looking to get it around or about 660 or 665. I have 1 Capital One credit card. I just took out a loan at my local bank for $500. I only took the loan to help establish my credit. My question is how long will it take for my credit score to shoot up to 665? Also, if this helps I have never been late with my payments and have no negative feedback of my credit report.

2007-08-16 03:16:48 · 9 answers · asked by Hanif 1

It is not usually mentioned with the big three credit reporting agencies TransUnion, Experian, and Equifax.

2007-08-16 03:12:14 · 2 answers · asked by KB 1

I was over my limit on my credit crd 2 mnths in a row and they raised my APR. Will this hurt my credit score? We are wanting to buy a house next year and I am afraid it will hurt us with getting a mortgage. I plan to have my CC paid halfway off by the time we apply for a mortgage. Will this hurt us and our credit score?

2007-08-16 02:42:01 · 4 answers · asked by GirlNextDoor 2

i kno you need to password to get money out, but what about put money in?

2007-08-15 19:43:26 · 5 answers · asked by Anonymous

How much will I be charged if I withdraw Cash from my American Express credit card.
Please let me know the rates in case if cash is withdrawn in India and America, both the countries.

2007-08-15 17:39:51 · 7 answers · asked by supershweta 1

For Nov and Dec 2006 only half payments were made each time. I don't remember making half payments twice and can only find the bank transaction for two half payments to the lender.

Both paid in the months due but reported to the credit bureaus as late payments by 30 days at least 2 times. This reporting has brought my credit score down I'm sure. Can I dispute it?

I have proof of the half payments. If I submit it to the bureaus will they retract it so that it does not read that way on my credit report? I was told that if you pay something they can't report it as late or unpaid for that month. I didn't make half payments deliberately as I would not have done that twice.

Also, Does correcting multiple mistakes like address and name mistakes raise your credit score? I pulled all three reports and they all have multiple variations of my name, past addresses, and places of employment. Does that bring my score down due to suspicion? Do disputes look bad?

2007-08-15 17:33:17 · 4 answers · asked by n10selady75 2

I rented 1 DVD from an independent video rental store. The DVD was returned on time through the night deposit box. This was 4 years ago. I recently checked my credit report and saw that a collection agency had reported that I owe this store $117.00. I disputed this debt, and the collection agency replied with a printout from the video store that said I never returned the DVD, and that there are nearly $80.00 in late fees. I am assuming the $80 is for something other than the $20 DVD because that would be illegal, but the printout doesn't specify. What can I do here? The collection agency is threatening to take me to court. How can I prove these charges are bogus?

2007-08-15 17:29:43 · 9 answers · asked by derek c 1

2007-08-15 14:51:48 · 5 answers · asked by Ken002 1

im 16 years old and im tired of using my sister's credit card and im wondering where i can get a credit card of my own also i dont want a prepaid one because ill probably waste it in one order

2007-08-15 14:40:54 · 5 answers · asked by Anonymous