They're so old they've been turned in to creditors and THEY don't even send bills anymore... I've never seen one but I know, and he knows he owes.
These bills are from about 10 years ago - 7 years before we even met. We have the money to pay them off and I want to pay them off quick before we find something to buy... we've been sitting on our tax return for about 3 months now!
I say "his" bills but they are OUR bills now... he honestly confessed to me this last weekend that he honestly doesn't care about them, his credit is fine, and he is refusing to pay them... if I want them payed off then I'm going to have to do it myself. GRR! His logic is that he didn't have that much left to pay on the credit cards but because he didn't pay it the interest has made the bill 4x what he owed so he feels it's not fair or whatever and doesn't want to pay them, er, refuses to pay them.
I believe it's 2 credit card bills, a medical bill, and a last payment on a vehicle... that should be all.
2007-03-21 02:17:34 · 7 answers · asked by THATgirl 6 in Business & Finance ➔ Credit
Haha DJ you're retarded...
2007-03-21 02:22:42 · update #1
Sorry DJ - you've redeemed yourself. :)
2007-03-21 02:31:17 · update #2
OH! FORGOT TO MENTION!!! I HAVE NO IDEA WHAT KIND OF CREDIT CARD THEY ARE, WHAT THE ACCOUNT NUMBERS ARE, WHERE HE WENT TO THE DOCTORS TO HAVE THESE MEDICAL BILLS OR WHAT BANK HE OWES FOR HIS LAST CAR PAYMENT... I'M SERIOUS... THIS IS HOW OLD THESE BILLS ARE AND HOW IRRESPONSIBLE MY HUSBAND IS WHEN IT COMES TO FINANCES.
2007-03-21 02:32:43 · update #3
Hi Mommy,
It's so nice to hear of someone who wants to do the right thing! I'm in the finance industry and it doesn't happen often! Anyhow, I hate to say it, but you might be better off leaving it alone. If the accounts are not showing on the credit report and you pay them off, it will actually get reported on your (his) credit report as bad debt (collection) that has been satisfied and the affect will be NEGATIVE. Not only that, but when you pay the debt off, the money won't even go back to the original creditor because they have already long since charged it off and sold it to a collection agency for pennies on the dollar.
2007-03-21 03:40:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If it happened before you were married you are not responsible for them. I don't see how his credit score can be okay if he owes money to collectors. If you really want to pay them go to and join Experian.com. They can run a credit report that will give all the information he needs. Then you can call the collectors and they will settle with you if your going to pay them right off. They have been know to take a lot less than they were initially asking for just to get some type of payment. But your husband has to do this. The only way you can do it is if it's on your credit report as well. Hope that helps.
2007-03-21 10:29:18 · answer #2 · answered by Q~T 5 · 0⤊ 0⤋
Whoever bought the bad credit paid a couple pennies on the dollar, so bargain with them. If you talk to them at all, you're legally stuck in another years-long cycle. Each state has a point at which the debt can no longer be legally collected. So if you want to blow it off, don't say a word to them, and eventually they'll shut up. But if you offer even a penny, the cycle starts again from that point. Offer to pay a fraction, or the original amount or something if yo want to offer anything.
The worst they can do is wreck your credit, or take you to court for it and garnish your wages.
Check your state laws. 10 years, it should be gone already. They may be trying to entrap you. They'll do that, even if legally you're off the hook, timewise. They're just fishing, hoping some people won't know any better. Good luck, and remember, the credit card companies are vampires, so don't feel bad!
Sorry that's a little disjointed.
2007-03-21 09:25:50 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Call the credit card companies. Give them the account numbers, and they will give you a # to call a collection agency.
If you have the $ to pay them off, I would highly recommend you pay them, to clear them off of your credit report.
Your credit score may be good, but it would be better without these debts on it.
I also recommend you work with a credit reporting agency. I have been working with one to clear out my old credit card debt (15 years old) and they were able to just drop one of them that equaled $4000.00 because the account was so old, and they didn't have a record of the account!!
2007-03-21 09:20:21 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Those bills from 10 years ago are likely uncollectable (see statute of limitations for your state) and if you pay them you are likely not paying the original creditor. Some 3rd party likely bought those debts for 1 -2 cents on the dollar and is trying to collect. If you pay you aren't even paying the original creditor.
They are unlikly to even appear on the credit report as they are over 7 years old.
2007-03-21 09:23:42 · answer #5 · answered by Rico E Suave 4 · 1⤊ 1⤋
You can get a free annual credit report from each of the three main credit reporting agencies and find out that way. Here is information on how to do that at a government website...
http://www.ftc.gov/bcp/conline/pubs/credit/freereports.htm
2007-03-21 09:28:29 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Pull up his credit report and that will have it all on there. If you can't find it then he can't pay cause the companies have most likely written it off as a lost. but you will need all three credit reports.
2007-03-21 09:28:12 · answer #7 · answered by littledueceb 3 · 0⤊ 0⤋