 What would you do if you had a friend that you had a joint credit card account with and they weren't paying. |
| Was trying to help someone build there credit but didn't know there credit was so bad. Tried switching card to them solely but with there credit so bad can't. Also having a hard time ... |
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 What happens if you dont pay the minimum payment amount (or nothing at all) on a credit card? |
| (dont worry, i'm not planning to do it, but I'm just curious as it doesnt say what will happen.......aside from bad credit)... |
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 Why can u buy a house with bad credit but not refinance a house with good credit? |
| I have been trying to refinance my house for 2 or 3 months now. I have a credit score of 684. I have never had any late payments on my mortgage. Why can't I get my house refinanced?... |
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 A slight blemish on credit report. To pay in full or to pay a settlement offer? |
| My husband has an outstanding balance of 400.00 from an ambulance transport(long ago) (that was not known of till now) on his credit report. It shows it wasnt paid. He was not covered by insurance at ... |
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 When do w2's come in the mail? |
| does anyone know when w-2's come in the mail generally? Today is the 14th. Could they come any day now? Has anyone gotten theirs already?... |
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 I have a delinquency on my credit report when I didnt pay a doctor's bill. How can I clear it from my report |
| I want to clear it from my credit report so that it doesnt appear as a delinquency. They have already sent it to collection agency. what can i tell the collection agency in order to remove it as if ... |
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 I need to rent an apartment a.s.a.p.,I have bad credit,& I have contacted credit repair agencies.? |
| First of all,does credit repair work?(If only long enough for me to get a place,that's o.k.) And will it help me get an apartment by Oct.I don't have the time or patience to do the credit ... |
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 Credit Card? |
How long does it normally take to get a Credit card in the mail after being approved?
Additional Details
I am only going to use it so I can get a notebook computer and that is all. Not ... |
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| Do you want to call them or should I? Also, I did not know that I had a credit of $16.50. What was that applied to? I pay our acct. on line when it is due. So, we should not have any finance chgs. A... |
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| Some one told me to take out a small loan (3 or 4 thousand) and pay off debts and then pay off that loan on time and that would increase my credit score alot? Is that true....imean can i get even a ... |
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 What happens when a collection agency fails to collect the money that is owed on behalf of the creditor? |
| I have some credit card debt that went to a collection agency and I don't have the money to pay at this time. They know this too.Their settlement options were outrageous and the representative ... |
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| Have anybody did this before? Any bad/good thing occured please give your ... |
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 What credit card is best for me? |
| I am a 21 year old Junior In college with little credit. I have less than 15000 in school loans. Do i want cash back, points? I know of ppl that were late and thier interest shot through the roof?... |
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 If I do a balance transfer to just one credit card from 2 will it hurt my credit? |
| I recently got 3 low balance high interest rate cards. I got approved for $750 recently which was the highest and it has 0% for 12 months. Obviously I want to do a balance transfer but I am afraid ... |
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 What is the best Credit card? |
| What is the best Credit card offer out there for someone with good credit & pay history. I'm looking for something with low fixed interest and a points reward system... recommendations?... |
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 A cr. card company suing us in small claims court for a debt that is not on our credit report? Can they win? |
Additional Details
My fiance' doesn't even know if this is his debt? Since it is not on his report- how can we know? How could the collector prove that? I mean, it is pretty ... |
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 What's a good credit card for a 21 year old? |
I'm 21, and looking to build credit.
I'd like to apply for a card today, but first I thought I'd ask all of you which cards you would suggest for me. What's a good, reliable ... |
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 Does having too many credit cards have a negative affect on your credit score? |
| I have 2 major credit cards (one visa, and one mastercard), 1 debit card with the mastercard logo (I'm not sure if it's techinically a credit card, I don't think it is), and 3 credit ... |
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clg2098 | Can I sue a friend for not paying a credit card that I opened for her in my name? |
In '05 I opened a credit card for my ex-manager. I was told by her that she paid it off. It never crossed my mind about the credit card until a couple of months ago i received a letter from the company that it has not been paid. I already tried contacting her but no answer. What can I do so it won't effect me? |
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A.R.
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Unless you have it in writing from her that she owes you any amount she charges on that card, it will affect you. The fact is that this card is your name. You essentially handed over to someone else your financial future. The task now is to mitigate the damages.
You have got to find a way to get in contact with this person. Legally she is not obligated to pay you. Hopefully, she does not know that. Tell her that you want the balance for this credit card debt. If she gives it to you, great. If not, on to step two.
Send her a formal letter CRRR stating that if the debt is not recieved by a certain date, you will be filing a lawsuit and she will be responsible not only for the entire amount of the debt, but for any legal fees that you incur in the process. Granted, this is a bluff, but hopefully its a bluff that pans out and gets you your money.
Even if she does pay, your credit is going to take a hit because of the late payments. Hopefully the account has not already been charged off to a collection agency. If it has, post here again and we will help you with the necessary steps to take care of that. Collection agencies are a whole different entity than the origianl credit card companies. Hopefully there will only be a 30 day late marked on your credit report. You need to get copies of your credit reports from all three credit bureus to see just what is going on with your credit. Sometimes a company will respond to a "goodwill letter" explaining why the late payment was not your fault and will remove the late notation from your credit report. Either way, its worth a shot.
No matter what happens, you need to pay SOMETHING to the credit card company as soon as possible to prevent the account from going into collections while you try to get your money from this girl. Anytime someone cannot get credit on their own that is a red flag. NEVER co sign for someone with bad credit or allow them to get credit in your name. It will almost always come back to bite you.
Best of luck in handling this situation. |
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infinite crisis 247
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unfortunately, it has already affected you as a nonpaid deliquency. your first move should be to contact the creditor. see how much that you owe. if it's a large amount, try to work out a settlement with them. the creditor doesn't care that you opened the card for her unless she is on the card too (sounds like she is not..authorized user is not the same as being "on the account"). either way, you are legally responsible for the whole debt.
the other part of the problem is that there is no written contract of the agreement between you and your friend about this card. therefore, there is no legal obligation for her to pay back anything on said card. speak to an attorney about this (and again this depends on the amount), but i'm betting that he/she will tell you the same. this will be hard to prove in court. sounds like you have learned a valuable, yet hopefully not too expensive lesson. |
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adriennelucier
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Did you have a written and signed agreement with her that states that she is responsible for that card? If you can't prove that she was supposed to pay it off, I doubt a court would be able to do anything for you. Since the card was in your name, that makes you legally responsible for it. The only thing I can think of is, maybe you could claim she stole your identity to open the card?
The smartest thing you can do is suck it up, pay off the card, and learn from the experience. You should NEVER lend your credit to anyone, and you should only co-sign for someone if you are 100% sure they will pay off the debt. |
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Anjell
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If you opened it in your name (by the way is a largely stupid thing to do) it's in essence your card and ultimately your responsiblity.
I understand you wanted to help this person but you cannot sue without having some written proof that she was to repay the debt.
It's all on you now.
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falcon
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why she didn't pay it ? pay it yourself ,close the account if you feel she is becoming a non responsible person and learn from this experience .if you don't have a written agreement between you two then forget it ....
your credit history is very important to be in a good standing .. |
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Kain
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you pay it so it doesn't screw your credit, and then go after her. the CC company will come after you if it isn't paid since you are on the account. |
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OC1999
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First if she failed to pay on the account it has already effected your credit report. The company that contact you was probably a collection agency and they have put a collection account on your credit report.
You have two things to deal with.
The first is with the actual account. You need to send the collection agency a settlement offer by Certified Mail with a Return Receipt. In that letter you need to state the total amount you are going to pay as well as a requirement that they remove the collection account once paid. Only when you get an agreement from them in writing do you send them any money.
The second is with your ex-manager. You need to take her to Court. You can go to small claims if the amount is under a few thousand dollars. In court you can sue her for the amount you had to pay. Your only problem would be proving that you had an agreement that she would pay back any charges she made. The more proof you have to this(such as a written agreement) the better your case. |
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Michelle S
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Yes you can take her to small claims court. And try to recoup your money. In the future don't ever open a credit card for any one but yourself and your spouse. It's way to risky. |
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annazzz1966
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The account is three years past due, so it's already effected your credit. The way to lessen the effect is to pay off the bill now.
Then pursue your legal case in small claims court to get the money back she owes you. |
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src50
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You should sue yourself for being so dumb. |
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Rach
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you should take her on one of those Judge tv shows, like judge judy or judge alex!! |
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