 Help! I lend my employer money. Now he filed bankrupcy. What can I do to retrieve my money? |
Additional Details
Don't take me wrong, there were papers signed, a contract kind of thing. There were other people involved. There were also other people lending him money also, ... |
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 Will I need a credit card to check into a hotel/motel in the US? |
Will I need a credit card to check into a hotel/motel in the US?
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 File bankruptcy or move in with my parents? What do you think? |
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| I just found out that my application for a bank of ireland credit card has been refused. Im 19 and just got my first full time job so I decided it would be a good idea to get my first credit card, I ... |
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 I am receiving mails saying that I have won million dollars through random selection of emails.r they true? |
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 I need a 3000 dollar loan asap i have a steady job but no credit history please help me? |
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 I need advice on my cleaning up my debt? |
| I have $8000 in student loans in default, $800 in charged off credit cards and about $2000 in other charges offs....I know this is horrible so please dont insult me as I am really trying to get this ... |
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 To dispute my credit report can i just send a letter stating that i dispute all items listed on my credit ? |
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 Any help getting out of debt?? |
| i have got an old debt from a fruit machine addiction.. £9000.! i have kicked the addiction 3 years ago but now i cant seem to get rid of the debt. My loan finishes in a year so not to worried bout ... |
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kangoldcapri | Any way to Clean up bad credit report, without resovling debt or actually paying things off? |
I heard from a couple of people that i can pay someone to delete things from my credit beaureu. I would be interested in doing this, however would like to do it myself if possible, and not have to pay someone to do it for me. Thanks for the help! |
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Yo it's Me
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Those places are scams. They charge a fee and keep contesting debts in your file. The idea is that if a creditor does not reply to their argument that the report of debt is not valid, the credit reporting agency is required to delete it from your report. There are two problems with this, first, you can contest reports of debts on your own, for free, second, most creditors are going to respond, so even if a few don't respond, most will, so the money you spent would be better spent paying off a debt.
If anyone is able to go into you file and delete portions of it, it is likely illegal and if you get caught, you will not only have bad credit, but also a record.
Best advice, work out payment plans (on your own) with your creditors. It might take a few years, but you if you pay them as agreed, you will credit rating will improve. (And pay any current debts on time while you are doing that). |
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Just_gone
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Wait seven years from your last debt.
Credit bureaus are obligated by law to respond to every inquirey, or remove the item. These places mail them every day, and if they screw up, the item gets removed. You cound do it. Search : Transunion, Experian, and Equifax. Get credit reports. They may be the same, they may be different. |
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p
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You cant have things deleted from your credit report. They can be disputed, and if the dispute is found in your favor then they will be taken off your report. If you find someone that can delete that information from you report, that would be considered illegal. |
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STEVEN F
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The only legal way to remove accurate information from your credit report is get the creditor to agree to remove it. This usually involves offering to pay an agreed amount in exchange for the account being removed. The 'Credit Repair' companies you have heard of just send disputes on every entry on your report. They hope some creditors will fail to respond in a timely manner and those entries will be removed. If that happens, the accounts will most likely reappear when they do respond. |
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kat h
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Nope. Pay your bills. Nothing in life is free. |
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Judy1
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Why don't you just pay your debts, and stop spending money you don't have? Sounds very dishonest to me even if it were possible to do what you're talking about. |
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Krissy
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bad credit stays in file for at least 5 - 7 years then gets wiped off automatically. if you have fines or unpaid debt i would say just pay it... |
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bluedawn
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I've never heard of anything like that although I have heard of dead people with no debts but bad credit. |
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crimethinker1984
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Challenge all bad entries. If the original debtors can't or don't provide proof of debt due, the bureau must remove it from the record. |
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*Cara*
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I've never heard that and really don't think its possible. The best and easiest way to start cleaning up your credit is just to make sure you make all your payments on time. You don't have to pay things off just make sure you at least send the minimum balance (or even better just a little more than that) on time every month. If you are consistent with this it will do wonders for your credit. Just make sure not to be late with anything at all!!! |
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gabriel s
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Bad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :
http://umgarticles.atspace.com/debt-consolidation.htm
if it helps kindly remember me in your voting!.. cheers! |
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sagmz
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well i would suggest looking into credit counciling with a reputable firm.
you can go to your creditors and ask for a re-rate. To be rerated means they can (to some extent) change the rating they gave you initially if you defaulted on your payments. However in most cases if your rating is over 90 days late payment they may not re-rate you. However if you are serious about it - its worth a shot.
Obtain your credit report then contact your creditors about how to re-rate. It may even be on the back of your statement. Phone calls are good but you definitely want to follow up everything with a letter. By law, creditors have to respond to any inquires made in the mail within the confines of the agreement you signed with them.
Dealing with creditors can be a time consuming and stressful experience but you can get results if you put the time in. If you don't have the time you may want to try credit councilling.
I know that sounds like a commericial pitch but trust me the best way to improve your credit rating is to do something about reducing your debt.
Nothing falls off your credit report until 7 years after you have closed with a zero balance and in some cases you have to request to have it removed. Sometimes it may take longer.
if you declare bankruptcy that may never fall off your credit report and may prevent you from being able to get lines of credit at all in the future.
by the way - applying for a credit card is not a good way to get a credit report! it will count as a hit. you can easily obtain you credit report for free by contacting the three major bureaus. Be wary of the free credit report websites - you can get it yourself just as easily without getting scammed for money. |
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Rod O
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Time. Wait 7 to 10 years and stuff will start falling off. |
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bride2be091507
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Generally the companies that offer to "delete" things from your credit report are scamming you out of what little money you have.
The only way to clean up your credit is to pay things off, make your payments on time in the future, and keep you balance to available credit ratio lower than 50%. It is a long process and it takes a commitment, but it is the only way to do it LEGALLY. |
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Jeromy
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Right up my alley. I've done it and continue to do it. It's perfectly legal. You need to get a detailed copy of your credit report. The easiest way to do this is to apply for a credit card you won't get and send for your free copy.
Once you have your credit report you need to sit down with a pen and paper and write a letter to each credit reporting company for each credit line. In each of the letters you need to say the following:
Creditor, Account number listed on report, date. Then you must say the following exactly "I do not recognize the account listed on my credit report. Please correct this as soon as possible."
Legally, the credit reporting companies must contact the creditor. The creditor has a short amount of time to reply with proof that the debt is correct and that they are correct. If they don't reply then it has to come off your report.
I gained more than 100 points the last time I did this. There are a bunch of laws regarding how creditors report you. But, you don't need to know this. |
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