 Can credit card companies garnish your paycheck for outstanding debts? |
| Chase is threatening my wife to garnish her paycheck. Can they do that with credit card debt? We can only afford the rent and essentials right now but want to pay all our debt in the future.... |
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 Is Capital 1 the worst credit card company? If not, who is? |
| Capital 1 is the biggest blood sucker that I have found. What about you?... |
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 I used my dad's 2 credit card without his knowledge, and we are receiving bill collection calls, what to do? |
| My dad never used those 2 credit cards he just bought them coz like he said they were asking him to get it . I used it to become online member for online game RUNESCAPE for 2months, one month each ... |
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 I applied for a credit card, but have since changed my mind? |
If I get approved, do I have so many days to change my mind and refuse it? Or do I have to accept it and then cancel it at a later time?
I don't have any credit cards and in a moment of ... |
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 Buying stuff online with credit card? |
| if i buy sumtin online would the persons that i use credit card find out the place i ordered it to? like if i took my bros credit card and bought a jabbawockeez mask and put my friends adress down ... |
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 Need a credit card with a high limit but I have bad credit? |
My credit score is 506 and I am traveling to Germany but I need a credit card with at least a $2000 limit or more to pay for my airline tickets.
Additional Details
I only have bad credit ... |
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 What do you do with unsolicited credit card offers? |
I find them potentially dangerous. Yet I still get them despite having OPTed out at the credit bureau.
I usually send back the prepaid envelopes over-stuffed with junk mail. What do you do?... |
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 About my credit report? |
How can I find out who I owe money to and how to pay them back?
How soon after I pay off my debt til my credit score improves?... |
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 Why do employers require a credit check? What exactly are they looking for? |
| Why do employers require a credit check? What exactly are they looking for? Will a recent bankruptcy keep me from being hired?... |
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 How do you mail money? |
| i ordered somethin but i dont have a credit card or check so i checked money order. but i heard if u put money in the mail, peopel steal it or the mail comes right ... |
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 I was a passenger in a car that was rear ended, the car that hit us was insured, why am I responsible? |
| This incident happened in January of 2004. I was in the car with an Army recruiter, and the car was rear ended by a truck, It was the driver of the truck's fault. Well I went to the hospital ... |
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 Which credit card is best for me? |
| I'm a college student and I have never had a credit card. I want to apply to one but Im not sure which one would sute me best. I have known that some credit cards will charge just for having ... |
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 Does it help my credit score to payoff a charged-off credit card from 5 years ago? |
| Long story short, I was young and stupid, and let a $500 Capital One credit card bill go to collections and never paid it off. Now, of course, it is damaging my credit report. My question is not ... |
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 Is it safe to order online with a debit card? |
| I just got a debit card because I'm going to live at my friends house during the summer, but there arent any stores close by. Is it safe to use a debit card to buy stuff online?... |
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 I need a loan shark today? |
| Im living in essex and i need a loan shark today or tomorrow lastet please ... |
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Lady Astarte | Debt Collection and a new Checking account? |
About six years ago I experienced total financial devistation. An ex really did a number on me financially. I have a fair amount of outstanding debt and I haven't had a bank account since that time either. I want to start getting back to semi-normal and open a checking account (the bank will open one for me..I already checked), but my mother doesn't think it's a good idea. She says it will show new financial activity and flag the collectors of the debt I still owe. Most of these compaines haven't even attempted to contact me in years. Is it possible that if I open a checking account now, i'll no longer be "flying under the radar" with the collection agencies? |
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Classydelight
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no, every quater the agencies will run your social and if they find that you will have an account chances are if you still owe money they will garnish your bank account. i just went through that and if they dont get enough they will head for your wages |
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suzywong
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as far as i know you can and they wnt find out |
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Tikva
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Your mother is probably not the person to get financial advice from, unless she's a top notch accountant?
If you want to establish proper credit, you have to start with a checking account and repay your debt. If you're ready to do this, then do it. But there's really no other way around it.
It sounds like you're not paying your debts. If that's true, be sure to have a plan to address your debts when you open your checking account. |
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Lisa.
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the halifax do a good starting account and i had reeealy bad debts but they opened me a cash account (a basic account) no frills. no credit checks! just id for where you live. u can do it online on halifax.com. |
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poetbyname
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Yes, your moms is right.You will open up a channel for creditors to find you. |
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Elizabeth
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So your idea of "getting back to semi-normal" doesn't include paying off what you owe?
Yes, opening a checking account may go on your credit report. Your current creditors may or may not see it.
Regardless, you should start working with these creditors on a payment plan, because as long as they keep telling the credit bureaus that yours is an "active account" then your debts will never drop off your report. |
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3D Farms
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Yes |
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NANCY J
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It will take years for a debt collector to find you, go ahead and open the account.
The only debt collectors that will take out of your checking account is student loans and they give you every oppertunity to pay prior to that.
also, in one year some of your dept will disapear, the 7 year rule still applies for many depts. |
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ellenburgmike
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better watch out........they are always reporting new accounts to debt collectors.......been there......done that........beware |
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David M
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Your mom is correct on that one. If you open an account you will be required to give contact info, the collection agencies (what I do for a living) can access that info. Why not start to repay the money owed? After years companies are more likely to offer settlements, and offer you options on repayment. Good luck! |
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cricket
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a bank will not give out your information because this is against the law at least i know my bank dont unless i give them permission to do so, so dont be worried you are alright, have a nice day. |
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Megsee25
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This is true they could garnish your accounts. |
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musicman47
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I use to work in the collection area for many years, and I would not be worried unless you have some kind of garnishment hanging over you, or may be tax levee. Hopefully you can start off with a clean slate and get your credit score up around 700 or above! Good luck to you :) |
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corsettesandkimonos
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Banks do not report your account activity to the credit bureau, so unless they are sharing limited information about you with other agencies, you will not get notified. If you have not recieved calls from your past debtors, it's probably because they "charged off" the account(s), which means they wrote it off as a loss, but it will still report on your credit report as bad debt. They just gave up pursuing you. |
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ron
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it will flag collection agencies and you will get alot of calls and letters from collectors, i know happened to me. you need to hire a debt consolitator to handle all the collections so you only pay a little each month, its your best bet to get out of debt without costing you an arm and leg. or you could just put your money in a safty deposit box at the bank then they wont know about all your money. |
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