 How do i go about getting companies off of my credit score? |
my creidt score is terrible as of right now! i had seen my credit report in person! i see where some companies still have me on there for a report purpose only, because ive got them paid off!
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 Building credit question, help!!? |
Secured credit cards are designed to assist people who have never had credit or those who have bad credit, in order to enable them to establish a good credit rating.
Must one be 18? If so, is ... |
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 After you have paid all your bills for the month - how much money ..? |
| do you have to spend on yourself for going out/ clothes etc for the month????... |
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 How can I rebuild my credit? |
| My credit is really bad and has been for about 4 years now. I cant get excepted for any kind of credit cards and because of some old hot checks I cant get a bank account. I have tried to get a bank ... |
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 Cleaning up my credit report? |
| I have a lot of old debt on my report. Plus a few things that were added about a year ago. A few things are going to fall off this summer. I went through 2 layoffs and a car repossession ( the car ... |
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 Does anyone knoe of a FREE crdit report site.Where I DO NOT have to give a credit/debit card# to get my score? |
| I don not want to give my debit or credit card, I want an absolutely free site, where I can get my credit score. Thanks.... |
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 Credit Score? |
| I don't understand what credit score is..can someone explain in very simple terms? and what a good and bad credit score is? How do you get a good score or a bad one??... |
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 I had an overdrawn account at Lloyd's and cos of this my credit rating is bad and I cant open a student? |
| account how do I imporve my credit rating? it was a lng time ago and they closed my account at Lloyds TSB, but my credit raing is still ... |
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 Is it possible to make yourself bankrupt without losing your home? |
it's just something i was talking over with a friend recently who is in debt and is pondering this question.
Additional Details
lol@ gashotel, interesting answer, but i suspect that ... |
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 Can/will unpaid medical bills be reported and applied to my credit history? |
| I heard that a law was passed which doesn't allow unpaid medical bills to be reported on a persons credit. Is this true?... |
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 Is it worth paying off collections or using the money to get a secured credit card? |
| I have about 4K in past medical bills from 2 years ago. Would it be worth paying them off, or put a deposit on a secured credit card to help inmprove my credit?... |
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 Free stuff? |
| REALLY FREE. you know, no sponsor offers to fill out, no signing up for anything, no shipping and handling fees, no filling out any form or ANYTHING. i want free stuff where you just fill out your ... |
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 How old should you really be when you use a credit card? |
| I'm just 11 years old and I wnat to buy stuff in the internet.... |
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Friendlygallookingfo... | Can debt collectors do this? |
Okay I have a credit card that I haven't paid on in a year. I did try to pay it off last February in full because they sent me a letter saying I need to pay by the 14th. I called and said I could pay it off, but they would have to date it for the 20th because I didn't have the money yet...the lady said no and hung up on me. Then they sent it to a debt collector, which I made payment arrangements with, they ended up taking money a week before they were supposed to and they even took more than what I agreed to which over drew my account, my bank ended up fixing it, but when I tried calling the company they gave me a bad phone number. Now I am getting calls from another place saying they are looking to see if I have a house so they can place a lien and looking for my employe, etc...She said they are going to sue me. I owe $1,400. I want to take care of it, but I am not going to tolerate threats and rudeness. Are they allowed to do all the stuff they claim? |
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Deliah
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"Now I am getting calls from another place saying they are looking to see if I have a house so they can place a lien and looking for my employe, etc...She said they are going to sue me. "
Nothing rude or threatening in these statements because they CAN sue you, they can win, they can garnish your wages, they can put liens on your property.
Will they, who knows and if you want to take care of this then do so and forget it, no more calls or letters.
You are lucky you have a very good bank if they took care of this for you. Many would not because you would not have proof of what or when you told the CC to take the funds nor how much. Did you have correspondence from the CC stating the arrangement and dates? This would be helpful to other readers at what to get in writing. |
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Iguana
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If you owe them, and don't question the debt, then I think they can. However it would be in their best interest to settle the debt without going through all the legal crap.
I think before they can put a lien on your home or garnishee your wages, they,you or both parties will have to stand in front of a judge.
It happened to my wife once, and the judge asked her what she could afford to have taken out of her check, and she said $5 per week, and thats what he entered on the order.
Since the 2005 bankruptcy law is now in effect, all that might not work the same way though.
I would suggest that you write them with a plan of re-payment, say $100 per month,explain to them on what date of each month they will receive payment. Tell them in your letter that you will expect a written notification if they accept.
Tell them that you no longer wish to be contacted by phone.
Make sure you make a photo copy of your letter, and send it registered mail so you have proof that they received the letter.
If they don't respond, and take you to court you can show the judge that you tried to settle the situation before they decided to waste his time.
Good luck |
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Sgt Big Red
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Here is a link to see what they can and cannot do. You have legal rights just as they do.
http://www.fair-debt-collection.com/index.html
http://www.ftc.gov/bcp/conline/pubs/credit/crdright.shtm
Credit and your consumer rights.
Hard to answer without knowing more details. but hope this is of help to you.
I invite you to join the following Yahoo group "DontGetRippedOff" dedicated to helping those in financial trouble, Here you will find information to help you with debt collection agencies.
http://finance.groups.yahoo.com/group/dontgetrippedoff/ |
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Cantheus
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Yes and no.
They can threaten you all they like, but in order to sue you and win a judgement, there have to be certain critera met.
You didn't say where you live, but every state has different laws pertaining to the collection of debts.
With many credit card companies, once they've exhausted all avenues of collection through their own company, they'll sell your delinquent account to a collection agency. Which is what it sounds like happened to you.
These companies use numerous questionable tactics to collect. Harrassment over the phone is only one of them. Most of the time they try to frighten the debtor into paying by threatening to sue or garnish wages.
My advice to you is to find out what you owe, to whom you now owe it (I'd start at the credit card company and find out how you have to pay them at this point) and make the arrangements to pay. Remember that they record all conversations, so what you say can come back to you. Best advice is to ALWAYS get the name of the person to whom you spoke, time and date of your call, and write a brief summary of what you discussed.
Never let them get you upset or get you to agree to something that isn't fair or manageable for you.
I posted a site for debt collection by state along with this reply, so check out the laws for your area. Being informed of what a collection agency can and cannot do is your best defense.
Good luck. |
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rotorhead
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Send them a check for $25.00 each month. And no, they cannot be rude to you although they will. If they are rude or threaten, just hang up. As long as you are sending something each month, they really can't do a lot to you besides hitting your credit report which they have already done. The real problem is, with low pmts, you will never get ahead as the interest will bury you. |
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Kìmߣ®L¥
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Yes, this is legal. |
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mikala m
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advice from clark howard:
Debt collection business growing - ugh!
The debt collection industry has been a steady source of complaints to Clark’s show. That’s due, in part, to the fact that the debt collection industry is in a major growth phase right now. They have new tactics in buying up obsolete and uncollectible debt from banks. They offer those banks money to have the right to collect on debt that’s been around for years. Clark refers to these outfits as scavenger collectors because they end up making 12 or 13 cents on every penny they pay to the banks. The problem is that employees break the law to collect the debt. The law is called the “Fair Debt Collection Practices Act” and it prevents collectors from mistreating you in any way, including calling you if you don’t want them to. Even worse, these scavenger collectors go after people who don’t owe a debt. They simply pick on people who have similar names to those who owe money. So, you definitely should not be harassed by these people in that case. To ensure you are not, record the calls and let the collectors know they are being recorded. Tell them they are in violation of the law by calling you and you will sue them under that law if they contact you again. |
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spy_glass343
 |
if you made payment arragements with a collection agency they are bound to take that amount and nothing else. If they did take more than the agreed to amount then they might be held responsible for any bank costs. if they are not giving you proper information to contact them then it sounds like a rather shady (not competely legal) thing. Credit card companies can call in debt, just like a bank can call in the remainder of a loan. Its their right to do so. However they need to follow some rules and regulations while doing so.
I suggest you seek a local professional lawyer who has dealings with clients dealing with debt and credit card companies. Also see if you can get a free consultation to talk about the case with the lawyer (most have start to do so in my region atleast).
If you are unable to anything look in the Terms of Service for the credit card company, it might state that either party is abl to seek mediation from the courts before going to court. Companies LOVE using this, and you can get some serious help from the courts. If it does have this let them know that if they do file suit they will have to 1st seek remedy through mediation or arbitration, which ever is in the contract.
General rules and advice:
1 - RECORD ALL CONVERSATION!!!!!!!!!!!!!!!!!!!!!!!!!!!!... they do it to you, you CAN LEGALLY do it to them.
2 - Ask for the name, job description (maanger, phone rep etc.) and employee ID of all persons you speak with, if questioned why, say something along the lines of "I'm just making sure when everything is resolved I can tell upper management my experience was good becasue of.." or some other line that will put them somewhat at east. If the person IS pleasant, note it down and after everything is resolved, and if you followed what the above statement, FOLLOW THROUGH! that way the person will become more receptive to you specifically.
3 - note dates and times of all conversations, time put on hold.
4 - if you have a lawyer, make copies of everything. i suggest five copies, one for you. one for your lawyer, one for their lawyers, one for safe keeping IE locked safe, safety deposit box and one for the court. Get any and all copies notorised (post offices court house buildings usually do this) it will state that the document is a copy of the original and wasn't 'created' by you. for all recordings make as many copies as above + 1. give the extra one to a family member you can trust to not listen to it.
I hope things work out for you, if you need anything else, don't hesitate to ask again. its what we're here for |
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Sarah O
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All the other people are right.... they can put a lien on the house and take you to court, but they will not. Not for $1400. It would take way too long, and would cost them too much time and aggravation.
I owed $7000 on a credit card that I hadn't paid in about a year and the guy who called me made me cry! I thought my life was over! I hung up the phone, did research, and then realized I was being taken for a ride and these people were making me waste my energy. I wrote them a letter, telling them that I am requesting they no longer contact me on my cell phone, at home, or place of work, and from that day forward, they never called again. I ended up, a few months later, settling with them. I kept telling them I had no money and that I couldn't afford it... they told me I could pay them monthly, but I told them I couldn't do that. I told them that if I tried, I could try to borrow money from someone and pay $3,800 within two weeks of the phone call and they went for it. The outcome is the same whether you pay in monthly installments or settle for a lower amount- your account is already in collections and delinquent, so you're better off paying less. Don't worry about it too much, but do try to get rid of the debt as soon as you can. Do try to negotiate your way down and don't let them take advantage of your emotions. I don't know how those people sleep at night. |
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stevexnelson
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Debt collection agencies get away with a lot. Debt collectors will tell you anything to get money out of you. They absolutely can file a lawsuit against you and they can garnish your paycheck to collect a judgment. If you can afford to pay the money and it is your debt, then you should pay it. It's not worth wrecking your credit for $1,400. Also, you can always speak with an attorney to see if you can go bankrupt.
I wish you the best of luck. |
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CrackBerry Addict
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A lot of collectors are scum. They do have a job to do, but all types of laws are broken on a daily basis by these people. They will NOT sue you for $1,400, or put a lien on your house. And they can only start garnishing wages AFTER they get a judgment against you. And again, for $1,400 they wouldn't sue. And if they did, it wouldn't be for at least 1-2 years.
What they try to do is get you emotional about the situation (scared, embarrassed) so that you will do anything to pay. If you start to feel like you are getting upset, hang up on them. They did it to you. You can contact them each week and offer to settle with them. If they don't accept, just tell them you will call back next week and try again. I would try to settle for around 60-75% of the balance. If they keep putting that off just keep saving money up until you can pay it off. I do advocate paying your bills, but don't let them try to get you all worked up about this. You are in control here. You can do this!! |
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Jennifer C
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I really don't think that they can threaten you in the ways you are saying they did. I would start to look at the Fair Trade Commissions website to see if there is any information there you could use. I has a similar situation happen to me, and when they started threatening me i started bringing up passages i had read from the FTC website, and the attitude toward me change drastically. Good luck on getting this straighted out! |
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SMILES
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yes this is very legal. Debt collectors can take any means necessary to get their money =) |
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