 Credit collection? |
| I have a collecting from Palisades Collection LLC that is on my credit report. My current score if 650, not good, but not horrible. I am trying to raise my score. the collection is from Alltel for 300... |
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 I rent a room from someone and I love it but their credit card company is harassing me.? |
| I rent a room from someone that I know personally. I love living with them and they really need the extra money. So please do not suggested that I just move out. The people that I am living with ... |
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 Trying to repair bad credit. need a major credit card approval to start building.any suggestions? |
| i've never had a credit card before, but have been told if i establish good credit with a card company it will begin to repair my bad credit.my bank declined to give me their in-house visa. are ... |
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 I have lots of Credit Cards? |
I have a few credit cards from sears the bay ect ect
Will closing them make my credit score go down?... |
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 When you write a check, how long is it good for? |
| Example: If I write a check on Sept 1st, can someone cash it still on Nov 1st?... |
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 Credit card offers...is it safe to toss the entire envelope into the trash? |
| I get them in the mail every day. Sometimes I let them accumulate and then end up opening up every single one so i can rip them up and throw them away. Is it safe just to toss it away without ... |
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 Credit Debt Question??? |
| I have about $3,000 worth of credit debt. 4 of them are past due and 2 went to collections. My mom is paying them off for me. (Long story, and I know its embarrassing) How long will it take for my ... |
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 What is the easiest credit card to get approved? |
| 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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 Does paying old debt help my FICO score? |
| 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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 How high of credit do I need for an alternate loan for college? My credit is currently 730.? |
| I don't have any cosigners so I'm trying to build my own credit but my college balances are catching up with me. I don't have enough federal aid to cover the entire bill and my mom ... |
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| Countrywide still advertising!?!? |
| 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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 Using my credit cards to put up a business? |
| I use my 20 credit cards to finance a business, my business is doing well but all my earnings are used to pay for my credit card debt causing my working capital to suffer (no cash on hand).. Any ... |
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 Can credit card companies make my dad pay for my moms debt? |
| 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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 Could I get a car loan? |
| 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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 What is the best way to get great credit with credit cards? |
| 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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muwah22 | Credit Debt? |
Is it true that if you dont pay your credit cards bill for 6 years they just take it off your credit report and stop asking you for the money, cause its unsecured line of credit???
Cause someone told me husband that you can do that so now he doesn't want to spend money on a lawyer to do bankruptcy. |
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dougzinboston
 |
After 7 years, any INACTIVE accounts on your credit report falls off. If you default on a card this month, seven years from now the account for the credit card will fall off, but the collection agency that currently owns the debt will be active on your report and on your phone looking to collect the debt. On top of that, any and all court actions they take against you in getting you and forcing you to pay will also be on your credit report. Whomever told your husband that is a total idiot. Following their advice will ruin your credit and a chunk of your life for a minimum of the next seven years.
Tell your husband to tell this guy to accompany him to a lawyer and sign a valid legal contract stating he will be financially liable if his advise is wrong. I bet he changes his tune. |
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Chillin-it
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Once upon a time after 7 years. Since congress has passed a law making people pay for their debts owed. Companies no longer do all of the write offs that they used to do. |
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bobster
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lol...
not until they take your home and your livelihood. |
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Kourtnie D
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Yes and No. IT is 7 years and then you have a 50 / 50 chance of your creditors suing you and trying to garnish your wages. if you owe any single card over 9,000 then chances are you will go to court over it. I have seen people sued over as little as 500 dollars.
We have a great alternative to bankruptcy.
Kourtnie Donihoo
The EDA Group
"Helping people become debt free"
1 866 605.0753
www.enhanceddebt.com |
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sa714oc
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HALF TRUE AFTER 7 YEARS YOU COULD GET THE NEG REPORT OFF YOUR CREDIT REPORT U DO STILL OWE YOUR CREDITORS BUT IT WILL BE ERASED OFF YOUR REPORT, U HAVE TO REQUEST IT OFF THEY WONT ALWAYS DO IT THEMSELVES. |
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riteon
 |
What I don't understand about people not wanting to pay their bills is this: When you used that credit card, someone was trusting you to pay the money back. The thanks they get for their trust is some people think its OK to just walk away or file bankruptcy. The easy way out of course. To my way of thinking, if you write a check and you know its no good, then you just stole from that person, plain and simple. You wouldn't like anyone doing that to you. No different from bankruptcy, your just walking away from all the stores and people that trusted you and leaving them with your bill. To bad, their problem. Shame on you.
Quite frankly, I think if I was you, I'd get off this web site and use my time to get a second job and try and pay back the people I was trying to take advantage of. |
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Kevin K
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The Fair Credit Reporting Act, delinquent debts can only remain on your credit report for 7 years from the date of 1st delinquency. After 6 years, you are probably in the clear if you haven't paid them. |
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Mariposa
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It depends on your statute of limitations for the state you live in. The item stays on your credit report for 7 years, but you can be sued by the credit card company until the statute of limitations has expired. Listed below is a link which lists the statutes of limitations by state. |
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kerrberr95
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I have heard this too but I have heard that it's 7 years. I don't know if they just take it off your credit report but they may just have it on your credit report as an unpaid bill that may count against you for future credit. I would definitly tell your husband that bankruptcy would probably be a better choice than not paying the bills |
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