Credit - October 2007

2007-10-24 07:13:05 · 11 answers · asked by dennsxt1948 1

My boyfriend's ex girlfriend (whom he was with for 3 yrs) prior to me, asked him to "cosign" a $10,000 student loan for her. Personally I think its just another way for her to hold on to him and stay present in his life, so they have "reason" to talk or, if need be, meet up.

But regardless of that, I think asking someone to "cosign" for you is kind of a big/personal favor to ask AND as for him... agreeing to cosign a loan seems like a pretty BIG commitment to make to an ex especially when you consider the amount AND, the fact that you live with your current girlfriend (whom you've been with for over a year). Am I wrong?

Its an Education Maximizer Loan through Bank of America for $10,000. Since the day she asked him to do this they've been dealing with trying getting this loan approved for almost a month now (since Sept. 28). And since that day she asked him to cosign, they talk to each other 2, 3, 4 times a week and see each other maybe once a week ... you know, for "loan" stuff. And of course, I am never told any of the phone calls, her stopping by his work, or him running by her house. I have to look in his phone (which is shady) and confront him about it.

And maybe I am crazy to be completely irritated by this whole situation but, in my opinion, the involvement they’ve had with each other over the past month seems to be a little excessive for cosigning a loan. No?

She txt him to tell him that the loan was finally approved yesterday and the check will getting here this Thursday morning. Then she follows up by asking him what he's doing that morning because, and I quote, "we both have to go to the bank and be there to cash the check." In which he respond to her text by calling her. Is this the usual procedure for borrower/cosigner? Does he REALLY have to be there to cash HER loan check? How much involvement is really necessary, or does this seem excessive to you too? As cosigner, what does his involvement REALLY consist of? Maybe I am totally out of line but I really feel like they are both over stepping some boundaries. I had to ask someone who was familiar with student loans and the involvement between borrower/cosigner because I think ENOUGH is ENOUGH!

Thank you so much for your time.

2007-10-24 07:10:29 · 4 answers · asked by Anonymous

Has anyone heard of the loan company Arcadia Financial?I was approved for a loan ,and the company wants me to pay $2,125.00 for loan protection insurance before they put the loan into my account is this a big scam?

2007-10-24 06:40:27 · 6 answers · asked by Anonymous

2007-10-24 06:13:15 · 13 answers · asked by texican 2

2007-10-24 05:59:51 · 4 answers · asked by Jason L 1

I fell into the payday loan trap, which I struggled my way out of. Now when I see someone going into one of those places, I just want to run grab them and pull them in the opposite direction! I hate predatory lenders.

2007-10-24 05:34:52 · 7 answers · asked by elaine 2

I asked this a while back and phrased it poorly, so let me try again.

I have a Capital One offer to transfer up to $20K to a fixed APR FOR LIFE at 5.99%. From the 3 cards I carry, they total about $25K total. There is no annual fee, & NO transfer fee which surprises me (since it's typically 3% of the transferred amounts). This sounds like a pretty good deal, with a regular APR of 11.99% on purchases, although I'd plan not to use this card for any other means than to pay it off (feel free to laugh). Since the minimum payment each period is 3% of the total, or about $600 min, it's less than I currently pay in total for the 3 cards, but I would plan to pay $1K per month.

Is this a good idea to do? My offer expires on 10/27.

Does anyone know how to calculate future payments? Say I have a $20K balance at 5.99% APR. I make payment 1 at $1K... how could I calculate my next payment based on the APR & a new pre-APR balance of $19K?

Thanks!!

2007-10-24 05:19:32 · 5 answers · asked by Cap'n Jayhawk 1

2007-10-24 05:11:51 · 8 answers · asked by Anonymous

when did this change? i charged a flight ticket with bill me latter and interest was 38.5! yikes when did this become legal

2007-10-24 04:40:56 · 2 answers · asked by afarmboy87 2

In April of 2003 my wife was transported to the hospital by ambulance. When I got to the hospital I gave them all of my insurance information. I thought all the bills were taken care of since I never received a bill from the hospital or ambulance company. I moved 10 months later and my telephone number remained the same. No one from AMR (ambulance) ever contacted me about an outstandinfg debt than had not been paid by my insurance carrier (Pacificare). I is to late to file a claim with Pacificare since it's been over 1 year since the original debt occured. What are my rights and can the collections company go after me? The original bill was for $850 dollars and they say I now owe them $1100 with interest accumulated.

2007-10-24 04:22:34 · 7 answers · asked by Tomas Mora 2

So, I got a credit card, and racked up a $470 bill, so before I got the statement I made a $200 payment.
I got the statement and it says they received the $200, and now I like $276 or something...
It says minimum balance due $0.00
Payment due date 11/11/07
what does that mean?
Since I made the $200 payment I don't owe anything else this month?
Someone please explain that to me.. I don't wanna mess it up

2007-10-24 03:59:28 · 16 answers · asked by Mimi 4

I had a bank account with BofA about a year ago. I was negative 390.00 and they force closed my account. I started recieving calls from a collection agency- ER Solutions saying I owe them the money now.

I called BofA today and told them I wanted to clear this up asap. She pulled up all my info and she told me to go to a local BofA and pay it and take the letter from ER Solutions with me and the manager would call ER Solutions and tell them to stop collecting.
ER Solutions reported negative on my credit report 3 months ago, but I disputed it and it came off. It hasnt been on my credit reort since.
My question is if I pay BofA instead of the collection agency can the collection agency still report on me?
Would it be better to just pay BofA and hope it doesnt come back on my report or negotiate with the collection agency?
Any advise welcome. Thanks

2007-10-24 03:19:04 · 2 answers · asked by raptor4499 1

Yesterday I tried getting my boyfriends credit report, he was right next to me, through Experian. When it came time to view the report, they asked a few questions to verify his identity. The problem is the questions had to do with a new car that was purchased and a mortgage. He has neither one and because he checked "none of the above" it came back that they couldn't verify his identity. My question is what should he do now? Obviously there are some things on his report that do not belong there. He has never had a credit card, the most he has had on his report is hospital bills and now all of the sudden he has all this stuff. I am thinking maybe since him and his father have the same name that somehow it was a mixed up. Does anyone have any idea on what we should do from here? I can't even get his report online, I have tried all 3 agencies, Experian, Equifax, and Transunion and they ALL have the same security questions with the car and mortgage

2007-10-24 02:26:59 · 3 answers · asked by SexyMommy2B 4

i dont have credit card or any card cause i just turned 18, but i want to sell my photos online

2007-10-24 02:01:38 · 6 answers · asked by JIGGOY 1

I sent my bills and they just sit they for two weeks before they send them to my student loan or my credit card company one company held it it for a month is there a reason for this. why do they do this? I want a honest answer why don't they delieve mail.

2007-10-24 01:21:25 · 6 answers · asked by Anonymous

2007-10-23 21:23:46 · 7 answers · asked by kai2ray 1

Scotts lawncare keeps sending me a collection notice for lawnservice that I never agreed to. I keep disputing it but I am worried that they will place it on my credit file. I have A+ credit and do not want is destroyed over this. I never gave them a SSN, can they still put it on my credit report?

2007-10-23 18:20:44 · 4 answers · asked by Henry W 1

I'm mad. Checking my FICO score from one of the 3 major credit bureaus, I see a score much lower than I expected. Upon review of the factors that impacted my score most, are 2 new factors I have never seen before. Both center around the idea that my home loan has too little credit available on the loan. Each just says it differently.

My home loan is a refinance. The financed amount does NOT reflect the value of my home. Therefore the "available" credit is technically much higher as you calculate my equity into the picture. In addition, as a refinance, there wasn't a down payment. I did that on my initial loan many years back. Since they know many homeowners recently refinanced, it's like they want to help credit lenders charge consumers more to borrow credit. They stack the chips against us. The fact I pay my bills on time and have for many years now and that I have zero negative marks apparently has less weight than my "newly refinanced mortgage". It's absurd and unfair.

2007-10-23 17:40:58 · 5 answers · asked by stoptheinsanity_73 3

The bank is asking us to pay the dept before end of this month. What do we have to do? We dont have the money to pay for it, and we also receive a demad letter.

2007-10-23 17:16:23 · 6 answers · asked by drewgailey 1

if so, what happened? Before i get responses from everyone else in the country, first know that Texas does considers wages and personal property i.e houses and vehicles exempt from being garnished. Meaning if you live in Texas, youre stuff is SAFE. Im just trying to figure out how far this collection agency will go with their threats if they cant take my property or garnish my wages?

2007-10-23 16:49:41 · 4 answers · asked by Anonymous

not being able to pay back credit cards i am on a fixed income and got overwalmed and now whats going to happend to me

2007-10-23 16:24:33 · 13 answers · asked by davanna m 3

Or any of those "no credit check" loans for that matter?

2007-10-23 16:05:09 · 3 answers · asked by penance 1

The last time I "lost" the card, I found it had fallen under some papers in my desk. I called the lost card in and now, its missing again, so I will call it in again here in a minute, Will this affect my credit in any way? I cannot keep trac of this card to save my soul.

2007-10-23 14:25:06 · 3 answers · asked by happydawg 6

im suppose to put the following transactions in the general journal.

27. discovered an error in computing a commission; received cash from salesperson for the overpayment $700
debit cash 700 and credit salary and commission expense 700

30. recorded revenue earned and billed to clients during the month 48400
accounts receivable debit 48400, fees earned credit 48400

17. paid creditors on account 7750.
accounts payble debit 7750, cash credit 7750

20. returned a portion of the office supplies purchased on novemeber 2, receiving full credit for their cost $250
accounts payable debit 250, office supplies credit 250

did i post these entries in the journal correctly?

im also suppose to then post the entries to the corresponding ledgers (like i post all the cash transactions in the cash ledger) my question about this is what do i use for the beginning balance for the cash ledger?

2007-10-23 14:07:16 · 2 answers · asked by Anonymous

Now how weird is this. I called a couple of weeks about a "warehouse" opening in the newspaper. I called the number and they told me that I would be a "secret shopper" and that they will mail the information I needed to get started. I just checked the mailbox and sure enough, there it was. But there was also a 2500 check!! The letter instructed me to keep 250 and send the rest by MoneyGram to someone in Canada. The name of the so-called business is ICM and the check is supposedly drawn on US Bank. At the bottom of the check though it says MoneyGram Payment Services in MN, but ICM is in New York. What should I do?

2007-10-23 13:55:37 · 7 answers · asked by candystripes345 2

from your experience, what is the best credit union
i'm a member of a credit union an i'm thinking of switching
i asked GTEFCU for a car loan and their interest rate was 11%
my credit is pretty good but i thought to myself
oh well maybe that's what i deserve
my friend encouraged me to apply for another credit union, i did and asked for a loan THEIR INTEREST RATE WAS 6 %.

so i'm aksing ya'll.... what's the best credit union

2007-10-23 12:55:15 · 2 answers · asked by jennythepig 2

I'm using the dinktown.net calculators and I'm factoring in my current balance, monthly payment, APR, etc. and it wants to factor in my annual fee.
The problem is I'm not sure if I even have an annual fee. Does every card have one? I don't remember ever paying this. Or does it already factor into my monthly payments?
If it helps I'm talking about a bestbuy card and and AAFES Star card.

2007-10-23 12:42:13 · 7 answers · asked by Anonymous

Is there any way i can order my credit report by mail? And if so, who did i write to send for it? I have poor credit and im wanting to pay off my debts, i have viewed a brief report online but it does not list all my debts.. i need to find out the creditors number and address..??

2007-10-23 12:09:26 · 4 answers · asked by Kelly♥'sJames 3

2007-10-23 11:31:34 · 2 answers · asked by Anonymous

here is the thing... i'm in debt over 20.000. I went for help to a law firm and they took all my credit cards to try to settle for me.. I pay them $300 each mos. The problem is that Chase bank sued me for $3000 which i owe on one credit card. I don't know what to do... i don't have the money to pay and i have to go to court on Monday 10/29/2007 . The law firm that took my credit cards said that i should go to court and give them copies of all my bank statements, wages, income taxes... everything that i owe... I'm a bit scared. Please help me as soon as posible... i'm very scared and i don't know what to do.

2007-10-23 11:27:55 · 6 answers · asked by Anonymous