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 Credit Debt Question??? |
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| For a new person that has very little credit what is the easiest credit card to get approved? I've tried a few already and I've been turned down.... |
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| I have some old hospital bills from 2002 and 2004. If I go ahead and pay the debt collectors will this increase my score? Also, if i do pay off the debt, does the debt still show on my credit report?<... |
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| I was just on Yahoo's home page and saw an ad for Countrywide... But yesterday I heard on the radio that they're asking for ANOTHER $2bil after Bank of America already invested the same ... |
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| the credit card was only in her name(no joint or authorized user)so the company is saying that since the house was in both mom and dads name he is responsible to pay her debt(9,500) because he can ... |
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| I am 19 years old with a credit score of 694. I am looking into buying a new car without a co-signer. I will be financing approx 12,000. Is this possible? I have only had a credit card for 7 ... |
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 Not a question but a warning? |
| i have seen a guy on here called chris p he is always answering questions in the finace section he is offering people loans what he does not say is you have to pay cash up front and he is from ... |
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 Collection Laws? |
My brother has a debt from 1996. He has recently been contacted by a collections agency saying that they have been granted a 10 year extension to collect this debt.
They have been very ... |
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| i want to know how much should i spend on each credit and should i pay off completly or should i leave a few dollars on i heard that you should use 30% on each then pay off each month but leave 5 10 ... |
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 Garnishing wages? For a car repossession at 16? |
| When I was 16 (not knowing what credit was and how it could affect me), I signed a contract with a bank for a loan with a co-signer who also got a loan for a car. The car got repo'd and now at ... |
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 How much do I have to owe to go bankrupt? |
I make around $33,000 a year. I owe around $60,000, is this enough debt to go bankrupt?
Additional Details
Is Credit Solutions a non-profit organization?... |
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 Can someone help me with this please :)? |
i'm trying to make a sign for my store that if you purchase something over 1000 dollars then you get to finance it and i want something along the lines of:
"get this look for ... |
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| What is the physical difference between a credit card and a debit card? |
Is it true that you do not need the pin and the password to use the debit card.
please help me on this?... |
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Jessica t | Capital one keeps reporting on my report even through its charged off when will it come off my report? |
Additional Details
so even through they keep reporting it will come off 7 years from when it was charged off
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loancareer
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7 Years is the norm. A charge off simply means that Cap1 is no longer trying to get the money from you. You do however, still owe it.
A word of caution: If you contact Cap1 and attempt to negotiate or make good on the debt by making payments, you renew the cycle and you've got another 7-years that Cap1 is going to be your buddy.
Be advised that is anytime within the next few years before it comes off your report you try to make a major purchase or refinance if you own a home, you're going to have to pay it.
Good luck. |
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Celeste
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A charge-off just means the original creditor is no longer persuing the debt. It doesn't mean you don't owe it anymore.
Charge-offs wil continue on your report(s) for 7 years from the date of the delinquency that led to the charge-off.
**Not 7 yrs. from the charge-off, 7 yrs. from the date of the delinquency (missed payment) that led to the charge-off. |
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twv23512654
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The length of time a negative mark can stay on your credit report starts from the time you were late or the late payment went into collection, not from the last time you made a payment on the account. Some collection agencies update their reporting status on you to keep the account active with the bureaus to extend the time the account appears on your report. This is very deceiving of them, because most often the account is updated and the period of time the account is active appears to be extended. You will want to challenge this with the credit reporting agencies in writing. If you do, bureaus will correctly remove it 7 years from origination. |
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SPIFIMAN1
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Charge offs stay on your report for 7-years from the date of first delinquency.
I would be more worried about the collection company that they sold your account too.
They will come after you and may take you to court depending on the amount you owe.
If they do and get a judgment, they can than attach bank accounts, garnish your wages (if your State allows it) and file liens on any other property you may own like cars, boats, land and homes.
All of this collection activity will also show on your credit report for 7-years making it next to impossible to get any other type of loans without making huge down payments, paying huge fees and State maximum interest rates. |
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Marcie H
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It stays on your credit report for 7 years. |
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Craig T
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7 years from date of first delinquincy but that is usually just a few months difference than date of charge off |
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Mike
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It will be reported for 7 years from the charge off... if they sue you and get a judgment, it will be even longer..... usually can be renewed forever.
Just call them and settle. You promised to pay. |
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Great Scott
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Charge-off is just an accounting term-you still owe, and they will leave it on your credit 7 years from date of last activity. |
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Lange
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Defaults stay on your credit file for 7 years and late payments stay on for 36 months. |
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