 What options do I have? |
| I am currently financing a 2005 yamaha raptor quad. The monthly payments started at $69 and recently jumped up too $169. Do I have any options that will not effect my credit score? I am only 19 will ... |
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 I want to buy a new home in January do I have enough time to apply for a new credit card? |
| I want to boost my credit score up to 750+ I keep hovering around 744, 745, and I can't pay off much of my debt. I thought by expanding my debt to credit ratio I could boost my score. I have two ... |
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 I need to increase my credit score by 25 points in order to refinance.? |
| I have no late payments, no public records, I paid 2 of the 3 derogatory issues off and paid all of my credit cards down to 1/2 of the limit. My broker has submitted for rapid rescore. I am afraid ... |
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 Someone stole my credit identity however my credit rating is getting better, should I let them keep it? |
| I think my credit cards want the thief to continue having my cards than me since they are spending less.... |
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 Do i have to get a credit card to get a car or house? |
| i really really don't want a cc because i know all the cons of getting one but i want a car really bad. is there any way to get credit w/o getting a cc and if i got one and didn't use it ... |
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 If i dont pay for a credit card bill in 3 months is that fraud? |
| I havent paid for my credit card in 6 months and its because i am a full time student and i have a part time job. I do want to pay for them but i also have other bills. I dont wnt them to think im ... |
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 I had a judgement back in 1999, they just decided to garnish wages. what can I do? |
Additional Details
It has already been on my credit for 7 years and the judgement just expired in August. It was supposedly money left over after a repossesed car was sold.... |
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 Are you more likely to be approved for a personal loan if you have a co-applicant? |
| I need a small personal loan for $2000.00 but my credit probably isn't the greatest. I'm not really sure what is in my credit report. I was approved for a computer from dell a while back ... |
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 How drastically does an auto loan affect your credit? |
| I just got one for 54 months the payments are very reasonable and its set up as an allotment so it automatically comes out my paycheck and I don't have to worry to much about anything. I'm ... |
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 Cheques or no cheques? |
| Are cheque books becoming obsolete, went to buy an item in PC world, but was refused , said cheques were unexceptable...Credit card or go somewhere else...I realise that the Country went to the dogs ... |
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 How bad is it to use a credit card? |
| I only have two credit cards. One is for Macy's and has no balance on it, the other is a Visa and it has a credit limit of $3,100. That one has only about $150 credit left on it. How bad does it ... |
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 Credit Card w/ late payments? |
I opened a new credit card account 07/2005 with MACYS, 09/2005 I stopped paying and now that Im monitoring my credit score I see it's status which is (120 days late, Late by 4 payments)
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cookie | Do credit card companies ever give up on collecting money you owe them? |
My son kept getting offers from different companies and he signed up and was given a liberal credit limit. He had a good job at the time, but has been laid off now and can't pay even the minimum. We get about 5-10 calls daily from different collectors. Do they ever write off the debt? |
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Lisa C
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I know from personal experience that if the debt is high enough (mine was $6,000) then they will put a lien on your house or garnish your wages. |
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cherry pie
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i dont think they can just stop collecting the money, because they need to pay the stores for the merchandise that your son bought. if the credit card company didnt get money from your son, then whatever he bought wouldnt be paid for, and thats kind of like stealing. good luck, i hope he gets out of debt! he'll hopefully get another job soon, afterall, its not his fault he was laid off |
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ambitiousd
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hell no..they sell your debt to a company that specialize in nagging you 24hours per day called a "collection agency"--lol |
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STEVEN F
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WHEN the credit card company gives up, they WILL sell the debt to a collector. When the collector gives up, they will sell it to another collector. When you have written acknowledgment that you have settled the debt, some collector will misplace the record of settlement. |
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Nympheas
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They don't give up on their money. They take you to court. |
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PiggiePants
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He can call the companies and tell them his situation and see if they are willing to lower the minimum payments or make some other arrangement in light of his circumstances. Unfortunately, they won't stop calling, because they have a business interest in collecting the money, and if they decide to stop calling they will just send it to a collection agency it will only get worse. |
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jackie
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no....never- give up... we payed credit card off... than they send ..you owe -
more yet. -you pay it.. than they again send you owe them. And you know you don,t. They try keep keep your credit card open. Yes we even had card account closed... they keep account open. There very hard close a credit card. |
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Ken C
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No, not really. They may write it off their books and then "sell" debt to a collection agency. This may be what you are experiencing now. Unfortunately, by using a credit counciling agency (careful with these, a lot of fraud companies. Check with the Better Business Bureau www.bbb.org on any you consider) you can stop the calls, but not the debt. He borrowed the money, spent it, and he owes the money back. Try to negotiate a fixed payment plan with the credit card companies, have him explain his current situation, and work out a payment plan. But DO NOT ignore their calls.
First, it will ruin his credit for years to come, and if he can ever get a loan, he will pay huge amounts of interest.
Second, they can get a judgement, against future assets or earnings. As you can see this is a serious matter. Please have him call the credit card companies and work out a plan. |
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Louis M
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Debt collectors must stop contacting you if you ask them to do so. (Fair Debt Collection Practices Act) Some credit card companies have programs that will keep the card issuer at bay if you come upon hardship, a type of assurance program. Find out if it applies or if it is too late. Every state has it's own statute of limitations for collecting a debt. If a debt collector hasn't collect after a certain amount of time they must give up, unless there is a money judgement and then it's completely different. If there is a judgement go to a civil court and try to get the judgement vacated. |
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dstanley66
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no |
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rafaelsj14
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if the debt is about a thousand or two, they will write it off then sell it to a collection agency. then thats all they gonna do; call you or send tou a threatening letter. if you check his credit report it will say charge-off. but, if the debt is a large amount, like 5k and up, they could sue your son. file bankrupcy, after 2 yrs he could start fresh. |
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Mariposa
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No, after the statute of limitations has passed, they can't sue him though. See the link below for a sample letter you can send to the creditors (certified mail is the best way) to get them to stop calling you. |
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