 Credit reports? |
whats a website that i can get a free credit report right away and one that won't hurt my credit by checking, i want to try and get a new car tomorrow. HELP PLEASE!
Additional Details<... |
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 How can I raise my credit score 50-100 pts in 6 months? |
| I had became ill and thus, went through some financial hardships....so, please don't judge. my credit got messed up. I would like it to go up 50 to 100 pts in 6 months. is this possible? and if ... |
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Hi,
I have like extremly trashed credit from back when I was 18. I am 23 and basically didnt care when I turned 18 and now regreting it. I am VERY good with money and responsible. I ... |
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 Does it help your credit to pay your credit cards off and never use them again? |
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 Is it safe to add someone as an authorized user on a credit card? (piggybacking)? |
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 How can you raise your credit score? |
| WHAT CAN YOU DO TO RAISE YOUR CREDIT SCORE, AND WHAT SHOULD YOU BE LOOKING OUT FOR... |
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 I NEED an auto loan...? |
For $12,000.
BUT:
-I am 18 with 6 months of credit history
-Have a FICO score of 708
-Have a STEADY income of $1100
-Plan to repay within 36 months
PLUS: My ... |
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 How do you get out of a credit card debt if the sum of your minimum payments exceeds your actual balanace? |
| I owe $5,000 on 1 credit card and probably paid $7,000 in interest and fees over the years but still carry nearly the same balance at a high interest rate - makes it hard to pay off. Ideas? Tricks? T... |
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 Buying new car but first.... should we pay off car loan or credit card? |
| We are going to buy a new car in the next couple weeks (a TrailBlazer SS). My car is currently paid off. My husbands car only has 3 payments left on it. I can pay it off now or apply that money ... |
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 Ok I have apprx. 35k in dept. I'm lookin to file bankruptcy but i'm not sure what chapter I need to file under |
So i guess my question is What chapter do I need to file under?
Additional Details
when going through a debt consolodation will my truck be included in that? It makes up about 50% of my ... |
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 Missed my car paymet, is it a big deal? |
| I had a brain malfunction in March and forgot to make my car payment. I got a call from the lein holder and they told me I was 22 days late. I paid the payment and the late fees immediately. Is this ... |
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| What are the best ways of obtaining credit ? |
| I have no credit card, don't make much $ but am very good @ saving up $. What should I do ? Should I save a few hundred dollars & then ask the bank to lend me the $ & then pay them back ... |
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 If I don't pay my bill will it still come off of my credit report after 7 years (Next year)? |
I have a 6 year old bill that right now is $1700. I don't see myself paying it off in the next year. So if I don't pay it will it still come off my credit report next year?
Additional ... |
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 If you got caught with 5000 pounds in your account? |
| which genuinely wasnt yours by the housing benefits people what would happen and how could you prove it wasnt yours.... |
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 Where can i file a complaint against a credit card company for over charging me? |
| I paid my credit card bill online, and through a mistake it was returned overdrafted. I immediately re-paid it for the same amount. The credit card company then re-sent the first payment that was ... |
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Jennifer S | 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 the age of 25, a judgement was entered on me to start garnishing my wages. Is this right? Shouldn't they have gone after the co-signer instead? After judgment was entered, how would I go about fighting it? This is in the State of Missouri. |
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Studly
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Your only way out of this will be on a technicality (if there is one). More info is needed from you. You many need to consult with an attorney.
Lets start by clearing up some bad information you seem to have received.
Car loans (secured loans) are considered written contracts. In Missouri, those statute of limitations run for 10 years. Don't look for help there.
You can not be sued for a debt if you are a minor (under 18). However, if you sign a contract as a minor, and continue to gain from that contract after you become an adult, they can sue you. Therefore, lets say at 16 you buy the car, then after you turn 18 you quit paying. You have gained from this agreement because you are still using the car. They have the legal right to sue you. So you can't hide by claiming you were a minor when you signed the contract.
As for who they should go after, you or the co-signer..that's up to the creditor. If they think they will have an easier time going after your co-signer that's where they will go after. Obviously, since you have a job and they can easily garnish your wages, you are a better target.
For now, you can try contacting the court and filing a "motion for installment payments". This is where show the judge your finances, and ask that the court set a fixed payment that you can afford (as opposed to paying 25% of your wages). |
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iraqiwildman
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You are still responsible for the loan no matter how long ago. You have a legal and moral obligation to pay this.
You should feel bad for screwing your co-signer like that, that is why you should NEVER co-sign a loan.
You should just pay the loan and learn from this mistake. I would also tell the co-signer "Sorry for messing your credit up also"
Sign up for Dave Ramsey's Financial Peace University at a local church. this 13 week class will teach you everything you need to know about budgeting, investing, pay off credit and living a financially peaceful life. |
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Corie H
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I would contact an attorney. How did they let you sign for a car at 16. You have to be 18 to get a credit card, unless it is in your parents name. You also must be a certain age to get a bank account. This sounds illegal. I think the car company should be counter sued for putting yuour throught this, and the co-signer should be in trouble as well. If that failed, then I would contact the media, and tell them I was scamed! |
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rascallypoisondwarf22
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No idea as I am in the uk. However I thought that a 16 year old is still counted as a minor, and therefore you can not make a legal aggreement with one. I would get a lawyer to find out where you stand.
On an ethical view, would you not like to help out the person who co signed, as after all they were kind enough to help you out.
Any ways have a good new year. x |
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jseah114
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You should contact an attorney. Under the age of 18, you cannot legally sign a contract. Any contract you do sign is invalid. |
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TaylorProud
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You need to get a loan and pay for your debt, yes they can and will proceed with doing that, or you can file bankruptcy to stop it but unless you have alot of other unsecure debt I wouldn't advise it, This is why you don't do that when you are young. yes, they can still go after the co signer as well if they never get anything from you they eventually will but a judgement is worse than a bankruptcy and stays on your credit forever, even though they say it won't they pass it on to a new collection bureau, and then it becomes a new debt each time they do it, and a judgement can not be wiped away in bankruptcy, so you have to pay it BEFORE it goes to judgement. You will effect your ability to get credit for a long time, alot of rental units won't rent to you, you may not be able to buy a house, or another car or get another loan for many years. IT is NOT worth it, find a way to pay it before it turns into a judgement and they add court costs, collection fees and all that to judgements. you can get a loan to pay it off or work out a payment plan with the lender that you and they can live with and stick to it. You might also seek Legal advice since you were a minor. |
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BionicNahlege
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I don't know the laws in the state MO, but unless you were an emancipated minor I find it strange that they would enter into a legal contract with you even with a co-signer.
Nowadays it is not uncommon for a company to hold over a debt and bring it in judgment when the minor becomes an adult if they co-signer reneged. Since most consumers are not wise to there rights you might want to check with your credit bureaus to see if you can have this debt erased or at least find out what your options are. |
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MrsBigLord
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They normally go after the person that the car is in, if you have no income they will then go after the co-signer. What I am not understanding how did they allow a 16 year old put the car in there name and not the person of legal age to purchase a car. They waited 10 years before the would enter a judgment that is against the law, I thought after seven years it is too late. You really need to seek out a lawyer to check into that for you, because that bill is actually 10years old. You need someone good and know the laws in Missouri for sure, I don't think that is legal. Good Luck |
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Lewis A
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I don't know how it is in Missouri, but in NY You can't get a bank loan untill you are 18 (legal age to be bound by a contract). So if you were 16 you can't be held responsible for a debt because you weren't old enough to agree to a contract legally. The best way to fight this is to get a lawyer, and provide him/her with anything they ask for. It will take forever, but you will eventually get it resolved. |
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