 Is there anything wrong with GA TRUST FINANCIAL? |
| I applied for a loan and just waiting for my funds, so far they are pretty good with me. do you think they are for real?... |
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 How do i handle this situation, i used my dads credit card through pay-pal ad he found out? |
| I used my Dads credit card through pay pal, and he just found out, in total i think i wasted about $160, but the money was wasted in breaks trying to see if he doesn't notice. For a while it ... |
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 Any company that provides loans for bad credit? |
| need to find a company that provides loan for people with bad credit.. no down payment ... |
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 We are trying to buy a home w/ credit score of 557..... Best way to improve credit quick? |
| We plan on putting 40,000 down in a house priced at 165000. We also have an extra 20000 cash. We currently have 3,400 in credit card debt on a 4000 limit. Is it better to pay the debt down, or ... |
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 How does this happen? |
| Me and my mom had an account with US bank and I was a minor. My mom racked up 982 dollars in debt with them. For some reason they think I owe the money. I was a minor when this happened. they later ... |
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 Is a 606 credit score good for a beginner? Im new to this whole credit stuff!? |
| Im 19 years old and im just starting to go in this credit thing. i had a credit card now for a year. I had no problems and have been paying my bills on time. But I was shocked that my credit score ... |
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 What's the best way to pay off 23G's of debt? |
Current APR varies from 23 to 30%, HELP!!!
Additional Details
Current apr varies from 23-30% but I don't want to consolidate b/c the cards will be closed after they have been paid ... |
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 How many of you live of credit cards?? and what will you do when you are up to your credit limit?? |
england is very much living off credit and is very much in debt with bank loans etc ..i just wondered what every one who has credit cards and lives of them will do when their credit as run out ??
... |
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| Is it a good idea to start establishing credit as a college student? |
| I am about to be a sophomore in college. I am not a big spender, but every once in a while I'll make a purchase that either requires a credit card or I would rather not pay with check or cash. I ... |
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 How do you work out 8.5% interest? |
on a debit card/credit card for monthly payments of car insurance?
say the amount is £353.95 how do you work out what 8.5% interest on top would be?
... |
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 What are the top 5 ways to build or rebuild your Credit score? |
| I've seen a few suggestions on the board, and put a few up myself as answering another person's question, but out of all the techniques out there, what are the 5 or 6 you find most ... |
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 My mother has alot of debt...? |
| My mother has alot of debt, credit card, medical everything. When she passes away is all that debt going to fall on me? The only debt I have is student loans and I do not need over 200,000 dollars in ... |
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 What to do,i have two credit cards with id fraud help?? |
| i have two credit cards,mint and capital one,both have been used with out my knowledge or agreement, i only found this out when statements arrived. neither credit card company will freeze the ... |
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| i have recieved my credit file for the first time in my life and found no ccj's or anything like that but have found searches from as far back as 2002. nothing on there says iv'e missed a ... |
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 Is there a type of debt consolidation for payday loans? |
| I've met with a lawyer to start to file for bankruptcy. The two main components of my debt are a car repo, which for some reason I still owe around $6000, and some payday loans, which I owe ... |
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 Should I take this offer from a collection agency? |
Recently they sent me an offer for a credit card. Here are portions of the letter that I have edited to keep this short.
Midland Credit Management, Inc. has made an arrangement with J... |
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 Where can i find a good debt consolidation loan? |
| With not so great credit and do not own home for equity.... |
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Sandi | Can this go on forever? |
A negative action on my credit report is supposed to fall off in 3 years according to what I see here. Can the collection agency renew my status as active or sell it to another agency to collect with the possiblility of it remaining on my report for many more years than originally stated? |
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hasdad62
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No. They can only report you to the credit reporting agencies for 7 years and 180 days. They can sell your account to a collection agency, who can report you. But the agencies can only report you for the 7 years 180 days from the first time you came delinquent and not brought current. |
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OC1999
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So many answers..or should I say so many incorrect answers. The only one that was correct is hasdad.
Per the Fair Credit Reporting Act(FCRA) a negative item such as a Charge-off can only remain on your credit report for 7 years from the date of the charge-off, which actually works out to about 7.5 years from the date of the first delinquency.
Under no circumstances can a creditor re-age this date, even if you happen to pay it off today. If they do they are in violation of the FCRA and can be sued. It does not matter if they sell the account 100 times, the listing still must come off from the date of the first delinquency.
Now, there is one exception to this. That is if they file a suit and get a judgement against you. In this case the judgement can then remain on your credit report for 7 years or the Statute of Limitations for the judgement in your state, which ever is longer. This date starts from the date of the judgement and not the date of the original delinquency. |
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Sgt Big Red
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No they cannot, this is illegal
RE-DATING OF THE DEBT IN VIOLATION OF
[CITE: 15USC1681s-2] § 623. Responsibilities of furnishers of information to consumer reporting agencies
a) Duty of furnishers of information to provide accurate information (1) Prohibition (A) Reporting information with actual knowledge of errors A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate. (B) Reporting information after notice and confirmation of errors A person shall not furnish information relating to a consumer to any consumer reporting agency if-- (i) the person has been notified by the consumer, at the address specified by the person for such notices, that specific information is inaccurate; and (ii) the information is, in fact, inaccurate. |
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niquey
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i thought it was suppose to be 7years |
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porcelina_68
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Unless it is a court judgement, legally, it can not be on your credit report past the statute of limitations - which are different, depending on what state you live in.
Say you live in Indiana, and you have an unpaid medical bill, services done in 2000. The statute of limitations for medical bills in Indiana is 6 years. So, the negative item would have fallen off of your credit report in 2006, UNLESS 1. the collection agency took you to court over it, and obtained a judgement, or 2. you made a payment sometime between 2000 and 2006 (that will reset the statute of limitations for another 6 years - from the date of the payment).
If you have a judgement against you, in Indiana, it can remain on your credit report forever.
And, once it is past the statute of limitations, they can only ask you to pay the debt. They CAN NOT take you to court for it. |
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golferwhoworks
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they often do. just so they can keep it on your report |
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kevin h
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Yes, they can. You should be responsible and cough up the money you owe. |
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asp2write
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They can, and do. My report has a bill from 1996. It was from AT&T, I moved from the house, cancelled the phone, and my roomates cancelled the cancelation, and rung up over $400. I contacted AT&T and told them it wasn't me, they said to show proof, I did, in the form of license from another state, as well as proof I was employed in another state at time, yet they still keep trying to get the money.
With me, it's not so much the money, as it is that it's there fault, so I have no intention of paying for it. Most credit companies don't care, I have credit cards, two car loans and a house mortgage, so it didn't really effect me.
So if my response is wrong, and desrves the 4 thumbs down I currently have, can you "smart" people who seem to think they can't, explain to me why I still have it listed on my report? It's there multiple times, same thing, renewed every two years or so, and all state same info, acct# bill amount, ect...It says right on it, from '96, even my mortgage broker didn't understand it, but it's there. |
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onandonandonanon
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why not just pay the bill and it won't be a problem! |
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Doctor Who RULES!
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YES! GIVE THEM THE MONEY! |
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