 Having bad credit....Is it really a big deal? |
Will that be the end of your life?.......I mean I know not literally, but how bad is it? How hard will things get?......Is it really like the end of your life?
How many of you have bad ... |
|
 Just answer the truth, don't preach Is it possible to use my son's SSN to get credit approval? |
| I mean 'bout 3 years ago I was screwed up with my credit trying to help a relative (2 long story) the thing is I'm still working on it but seems its gonna take a while I've try to save ... |
|
 I'm 20, how do I build credit? I pay for a car but that's not really helping all that much. Any ideas? |
| I heard you can get gas cards or something like that to improve your credit. I'm young so I'm not trying to buy a house or anything, I'm just worried about 1 day having bad credit so I... |
|
 Credit card for someone with bad credit? |
| i have applied almost everywhere. when i was younger my mother used my name over some credit cards and screwed it all up. Anyone got a good card for someone with bad credit?... |
|
 I'm buying a home in 6 months and need to clean up my credit. What's the best way to pay off my debt? |
| My debt is low, only about 3k, but it is spread out over 9 cards. Is it better to pay off the low balances first then work on the highes balance or the other way around?... |
|
 Getting a credit card? |
| i just turned 18 and i have been trying to get a credit card, i have no credit history so no one will give me one. Has anyone applied for a credit card with no history and been approved for it. If so ... |
|
 Is Paypal really secure? |
| I only ever use my debit card on Paypal,but in last week there have been several unauthorised withdrawals from my bank account by a mobile phone company and I do not have a mobile phone,has anyone ... |
|
| If you have a outstanding debt which is 8yrs old and not payed it for 6.5 years do you still have to pay it? |
as i have now got a letter from them wanting the money in full
Additional Details
before you start slagging me off as some of you are doing, the debt was not my fault, it was through a ... |
|
 First time credit card? |
I just recently got a credit card and I'm wondering if having the 24% apr that I do have is because this is my first credit card (I'm a student with no credit).
Anyway, I know this is ... |
|
 My credit is ruined? |
My credit score is roughly 435. I have so many outstanding accounts. Not much debt around 7500 including student loans.. Would declaring bankruptcy help me?? I am so screwed lol.
Additional D... |
|
 Is there anyone out there who will pay off my credit card debt for me? |
| its only about 15000, mostly from college. I cant seem to make any ground up on the balance. Just wondering if someone had an extra $15000 they would like to donate.... |
|
 Keep getting refused a bank account cause of credit history, any advice? |
Not had a good credit history so I am being refused by banks. Are there any banks that will help does anyone know. Thanks.
Additional Details
Thanks every1 for your advice. I have just ... |
|
 It is true that your credit history should be delete after 5years regardless the status of the account? |
| let say you have a unpaid account that showed on your credit report. and after 5 years should this unpaid account remove from your credit report?... |
|
|  |
Geri | Am i responsible for a debt after 4 yrs have passed, and this is the first time they have contacted me? |
I have just been asked to pay a debt after 4 yrs, I know I still owed part of the moneys the person is asking of me, but not all as most of it was paid in 2003, I have proof. I have been told that once a debt is older then 5 yrs then you know longer have to pay it. This is not a bank loan or credit card debt, and no contracts where signed at the time. |
 |
 
DaMan
|
Refer to this hyperlink to determine if your debt falls within scope of the law on the statute of limitations.
Good luck. |
|
stan c
 |
A debt never goes away. In most cases, after 4 years they can not take you to court but you should check your state to see with the SOL is. They can call you till the day you die and ask for money. If you make any payments, the SOL starts all over again. |
|
Gem
 |
This depends on the statute of limitations in your state.
Check your state law. |
|
tigh stugots
|
Where I live the statue of limitations is 4 years. so if you live in Texas yes your free. |
|
v b
|
You heard wrong. You owe the money.
If you refuse to pay, they can take you to court. If it's a bank or other financial institution, if they write the debt off (lose money), they have to report the cancelled debt to the IRS...at which point it's potentially taxable income to you. |
|
Sgt Big Red
|
This would depend upon your states statute of limitations, they vary quite a bit from state to state.
If this is a personal loan and there is no record of the loan, then they would have a hard time proving it exists in court. But you say you made payments and have proof, so there is a chance they could use that as evidence of the debt. So you can ignore the requests and forget about it, but might wind up in small claims court anyways.
If it is of a private nature, then the person cannot report it to the CRA's as individuals can't report anything unless they have a court judgment or it is public record.
Check here for your states limitations http://www.fair-debt-collection.com/SOL-by-State.html |
|
loving30
|
what country do you live in?
laws in this regard vary state to state, country to country.
in my opinion, if you owe money, then you pay it. you don't run from it and wait until the other person forgets about it. |
|
FRANK
|
Proof that you have paid shows that the debt exists. The person or entity to whom you have money can take action to collect. If action is taken, it will go on your credit report. The bad debt action will hurt you in the future. It will also shhow that you have tried to get away with not paying a bedbt you confirm does exist. |
|
Steven C
 |
Absolutely YES! |
|
Huba
|
If they can prove you only paid part of it, they can take you to small claims court. Likely they will win. If you can afford to pay, don't try to back out of it. Word gets around and if they have the ability they will put it on your credit report for you to challenge. Fighting that battle is a tedious process.
Guess I'm saying: honor your debts. |
|
I suck but so do you.
|
lol yes you have to pay it. I once paid a bill online that was 500 dollars but wasnt taken out of my account...3 years later someone noticed and corrected their mistake. Kind of a different situation but yes you owe the money. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 19 minutes(s) ago
| | | |
12 | 25 minutes(s) ago
| | | |
12 | 40 minutes(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
12 | 7 hour(s) ago
| | | |
12 | 8 hour(s) ago
| | | |
11 | 9 hour(s) ago
| | | |
12 | 10 hour(s) ago
| | | |
12 | 11 hour(s) ago
| | | |
12 | 1 day(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
