 Why can't i get a credit card? |
| I'm 18 and im finally able to get a credit card, wat wood be a good interest rate, the 1 i looked at was like in the 17-20 percent rate, i tried to get a walmart card and even at walmar tthey ... |
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 DEBT: I owe $8879 how should I pay it off??? |
| Student Loan: $2625, Best Buy Card: $2029, Old Mastercard: $2871, Old car loan: $1090(it was reposed and this is what they want from me b/c it didn't get full value at auction), Hospital Bill: $2... |
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 Capital one credit card? |
ok i have a question for people who have capital one and have went through the same thing, or even better yet, someone who works there.
me and my husband have awful credit, well capital ... |
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 Credit card limit? |
| if you have reached your credit limit ..but use the card again..will the transaction go through?... |
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 My credit card company has charged me £12 late payment fee even although I sent the cheque in plenty of time. |
| When I called them to complain they claimed the payment had now been received but due to the christmas post and the days the bank was closed over the festive period that my payment had been delayed ... |
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 Credit Score, Good/Bad? |
| Ok I have one credit card with a limit of $500. I've had it since February 2007 and have been paying off bills fully and early every month. My credit score shows 723. Is this good/bad/alright?... |
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 Credit card question? |
| I currently have a credit card that was always paid on time, I sent money last month and there saying they never recived it and is asking for 200 in overlimit charges. They have always had high ... |
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 Im getting married soon and desperatly need a loan, got real bad credit, and bank refused, any ideas?? |
Additional Details
ok so for all u pple giving me stick about getting married when financis are no good, 5 years ago, after a divorce and death of my baby i suffered a nervous break ... |
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 I would like to get a credit card? |
| I'm a full time college student and would like to start earning credit for later in life. I don't have any student loans that will earn credit (have a full ride). My sister mentioned ... |
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 Does marriage effect good credit? |
| I have great credit, my boyfriend on the other hand has very bad credit. We have been talking marriage for quite some time now and always just thought that with the current situation we would use my ... |
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 I work,i have a mortgage, i have a car bought on hire purchase,Bank loan,so why wouldnt Currys give me credit? |
hello, i went to Currys electric store to buy some goods on credit (TV, fridge), did the hp check & it refused me credit.
does currys have their own credit rating?
i have never been ... |
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 I have no credit and i need to get a personal loan quick!!? |
i have no co-signer and i need a loan
i haven`t started a line of credit yet!
and i don`t want a credit card!... |
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porterj900 | A collection agency is threatrening to sue me over 200.00 will they sue over such a small amount? |
i really cant pay this debt right now and i always thought they wouldnt sue over such a small amount. but they are threatening to. |
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sean1201
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I usually pity people that find work with collection agencies. I had a boob from a collection agency telling me that she was a lawyer, she was lying.
Try and pay the company that you got into debt with something...$5 a month say? Do not pay the collection agency anything. Nothing. |
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crazyat26
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Well, they better follow through. They cannot threaten to sue you unless they intend to do it. It is against the law for them not to follow through. Because the law says that you cannot say to a person that you are taking them or are about to take them to court unless an action or motion is already in progress. If it appears that it isnt you could sue them for mental distress and you might win.
The funny part is $200 is about the cost of filing a motion in court. It would not be cost effective because they might loose and would have to eat the filing cost lawyer time, etc. They can sue and include all their fees and if they win that amount could be $1500 if you loose. |
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a kinder, gentler me
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I don't think they would...even if they do, you still have plenty of time to come up with the money. |
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Frank Castle
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They will take you to the Small Claims Court. |
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Studly
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Whether they sue you depends on a couple of things. Mainly, where is the collection agency located? If it's a local agency, then the cost of them going to court is not that great.
Lets do the numbers.....For example, in Michigan they can file a Small Claims for $25. You will end up eating the court costs and legal fees, IF the judge awards them (they don't always do that). For all that trouble, the collection agent only gets a percentage of the money (many times 30%). So with all of that time invested, they will receive $65. They probably had to invest several hours of work to get this, with all the paper work and court appearances.
If you owned that collection agency, would you approve of your agent spending 8 hours of time getting $65? Of course not! It's far cheaper for them to make a few dozen threatening phone calls, maybe a letter or two. Did you know that it's illegal for them to say they are going to sue you and don't follow through with it?
Now, that's a local agency. It's gonna be far worse for an out of state Agency. I'm sure some of the posters here who are collection agents would like to weigh in on these comments, right guys?
It's far more likely they will not sue you, and be happy to just mess up your credit rating.
My suggestion, for such a small amount of debt, is this.....
-Quit talking to the collection agency, and contact the original creditor. Unless that agency purchased your debt outright, you have no legal obligation to even talk to them. Make an offer to pay a monthly payment of whatever you can afford, for a total of $150. That's what they will be getting from the collection agency anyway if you paid them.
-IMPORTANT! Whatever you do, make them agree IN WRITING to remove any negative credit information from your history BEFORE you pay anything. You are trying to protect your credit rating, so why would you pay them and still have a bad history?
Before you start fighting with these guys, you need to study the law and learn your consumer rights. Read the links below, they will help you a lot. |
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BaFfler
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No, they're just bluffing. |
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and,or,nand,nor
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You have to remember that there are people that would kill you over less than that.
Years ago, when my credit was f-ed up, I was sued over $550 by Sears. |
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ever1wolf
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SUE is a tactic, BLUFFING is not exactly correct. $200 can damage your credit rating as easily or intensively as $20,00o owed and unpaid.
The agency bought your debt perhaps, if it isn't the orginal org that you owed to, and may in fact sell the debt often or over the term of the debt, until it's paid.
You will be hounded for years no matter the amount and they wil accept payments you can afford if you feel the responsibility to pay for something you commited to pay for.
Rev. Steven
By the way, and no offense meant,,,I've been there. Each bad debt, each uncollected, or hard to collect debt, adds to the debt interest everyone else has to pay, or is subject to. |
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tpham
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they're bluffing. it's just a gimmick to get ur response. i got 5,6 of those letter and i just throw it away. of course i got bad credit. all they do is report u to the credit agency and ur credit is on hold or ruined. but sue u? haha, yeah right. don't worry about it. if u can pay it, pay it. if u can't, all u end up is with bad credit. it's only $200.00. |
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~due in june~
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YES, they will I have seen places sue for $20 and even less. Call them and make arrangments to pay them off, even if it's only $20 a month, if they are getting something and they see you are making an effort they should work with you. |
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pauly
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They won't. It will just mess up your credit score a little |
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jgt1969
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yes they will ! |
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Jacob
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Court and lawyer costs are more than 200.00 for collections.
It's a scare tactic, but you really should pay-up. A collections mark on your credit score is going to cause thousands of dollars worth of pain down the road. |
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prisoninmatenumber45211
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Listen, the smartest thing to do in this situation is to pay what you can, EVEN AS LITTLE AS $5!! In this case they can NEVER sue you because all you have to do is show that you are trying with your $5/month payment and they would throw it out. The companies KNOW this so they won't even sue. But remember your credit rating will suffer and you got to ask yourself, what is more important, your credit rating that may one day prevent you from pursuing a lifelong dream such as home ownership or buisiness ownership, or having that $60/month cable bill and $200/month nasty nicotine habit? |
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