 Credit card trick: Is this possible? Is this illegal? |
Let's say you have two credit cards, each with a $10,000 limit that you can take out in cash, and neither charges interest if money you borrow is paid back within one month.
So, you get $10,... |
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 My husband and I are going this weeked to look at? |
| modular homes . we live in pennsylvania, my lowest credit score is 495, my husband is in the 500 range, what are our chances of being approved for a mortgage, we own the property where the home will ... |
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 How can i find out if someone has registered a credit card to my address? |
| I have received a package at my home address the address is mine but the name is not,. This has happened once before and i thought it was an innocent mistake but this made me suspicous (and the name ... |
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 I've got really bad credit, where i can't get anything on credit anymore? |
| I have really bad credit from when i was younger and nieve about credit rating, now i need a good credit rating i can't get anything. I am getting married soon and was wondering if you think i ... |
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 Bankruptcy? |
| I file bankruptcy and it went through in January. I kept my car and I was told while the bankruptcy was going through I could turn it in without penalty if I wanted. Can I still turn it in now that ... |
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 A collection agency wants my checking account number. I don't want to give it to them. What should I do? |
They do this stuff every day and have an answer for everything. I just need to buy a couple of weeks so I can finish getting the money together.
For the most part, the debt is valid. W... |
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 Why do I need credit? |
| I'm 36, Russian by nationality. 5 years ago I came to America with my family - a wife (she's an American), 3 kids and $3,000 (no worries, I'm legal, have a "green card"). I ... |
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 Credit card issues with non payment - 3rd party calling me threatening with court. What's my rights? |
| I had a hardship about a year ago and finally get all bills back in order. My credit card is over limit by 1300.00 - the total is less than 5k. I got a call that the credit card "sold" my ... |
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 IS IT iMPOSSIBLE? |
| IS IT TRULY IMPOSSIBLE to get a loan with very bad credit! credit cardS in collections!!... |
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 Need help/advise on house mortgage and car loan? |
| I just received my very first credit report/score from TransUnion. My current score is 680. I did have 3 late payments in 4~5 years ago. Other than that, my file was clean. However TransUnion still ... |
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 What's a good 1st credit card for a college student? |
| Something for a college student with no credit (first credit card). Something with a relatively low APR, and 0% APR for the first 12 months. Cash rewards are fine. Wouldn't really use flight/... |
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 How do credit cards work? |
| So,do you only get one amount of money one time on the card and once you've spent all of the money that was on the card you're done? Or do they keep adding money to it monthly or something? ... |
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 Do unpaid phone/utilities collections effect your credit score? |
| I unfortunately managed my credit poorly while in college, and now, over 10 years later, I am slowly trying to repair my credit. In addition to student loans, I have two credit cards in collections ... |
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 How do you get out of BIG time debt? |
| What could be suggested to someone who's in over $100,000 credit card debt?... |
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CRAIG D | Has any 1 ever been took to court for a matter of £1000, i owe it to a debt collecter but cant pay it.? |
i lost my job nd cant pay them their money, im not a home owner and live with my parents |
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Mark J
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if the debts been assigned to a debt collection agency then it may well be too late already... the debt agency will be increasing the debt significantly, for every visit, every letter, phone call or what ever.
the best bet is to try to talk to the organisation whcih you originally racked up the debt with and try to agree a payment schedule, failin that try to reach a payment schedule with the collection agency.
leaving it in a drawer just increases the cost.. in some cases dramatically a £5..£100 bill can become £1,000+ very very quickly.
a word of caution, tell your parents about this, make them aware that if it does come to the crux and bailiffs come round then the bailiffs can only seize your property, there is no liability on anyone else to settle your debts. some of the sneakier tricks the bailiffs use is to try to blackmail others (often parents) into paying your debts, or claiming that because you live there they can seize any property in the house.. they can't they can only seize property which is legally yours. Your parents may need to prove ownership, especially if its in your room but the Bailiffs cannot touch anythign which is your parents or your siblings |
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ChocLover
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Don't let them take you to court. Explain your situation and offer to pay them back in small instalments, they can't refuse a reasonable offer. Failing that get yourself down to the CAB (Citizen's Advice Bureau) for help |
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GaryD
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All you got to say is that you can afford to pay £10 a week etc if it gets taken to court. It shows your willing to pay something. |
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confucious says
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offer them a £1 a week if they refuse the offer which they wont , they will never take you to court as long as you offer something.
if it ever gets to court because you are unemployed the judge will only order £5 a month anyway
contrary to the post below mine debt collection agency's dont add nothing to your debt, once the debt as been sold to a debt agency all interest stops you dont have no contract with the agency so they cannot add nothing to your bill only any court costs. it is against the law for debts agencies to charge interest. and talking to the original creditor is no longer possible they have sold the debt on and have no further control in how much you pay at all |
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dan
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If you go to court you will be given a CCJ which is not so bad the court will ask you for a list of your finances and will then decide on a realistic amount to pay back in instalments don t worry mate |
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**Kesha**
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that fact that you are no longer working means youll most probably be getting benefits for a while so therefore they will have to accept whatever you can afford. Do not try and ignore them though, it will work in your favour to remain in contact. youll find that they will give you more leeway if they can see you are trying.
work out what you can reasonably afford and tell them that is what youll pay and tell them how often. make sure you keep to the payments.
they can take you to court for any money owed no matter the amount. You will find that most comapnies wont take you to court if the debt is less that £1000 as its not financially beneficial for them e.g. court costs. |
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shih tzu lady
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Offer a nominal amount each week until you've paid it off. Things sound bad enough for you as it is without having the hassle of having to go to court and have a bad credit rating. If you owe it, you should be honour bound to pay it back. You cant just write it off and they will take you to court. £1,000 is better in their pocket than yours is how they will see it. Make a fair offer and I'm sure you can sort it out without legal intervention (and you'll have costs to pay!) |
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Ariana
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Offer them what you can afford. They will try to tell you , you have to pay more but don't give in. If you pay nothing a county court judgement will be issued against you . It will stay on your credit file for 6 years after it is paid off. On the plus side if it goes to court you will have to give them a rundown of your weekly payments and the chances are you will be allowed to pay off your debt at a small amount. |
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alep
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Hi, I am quite sure unless its owed to the council or tvlicsence they cant take you to a court of law. Maybe a cliams court or something like that. But they will just ask you to pay a littel a week
If you make an apoitment to see someone at your local citazins advice bureau, they can give you free leagel advice, and help you arrange to pay the debt company like a pound a week.
If the debt company keep pestring you can contact the FSA who regulate this sort of thing.
The wrost that will happen is you will have a bad credit ref for the furture. |
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MikeD2
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Sounds like the typical injustice of the legal system.
I'd check the small print and seek citizens advice first.
A lot would depend on the type of debt collector you employed, though to be honest, if you have no money, offer to pay it back at £5 a month. A judge would probably be sympathetic to your case, especially if the agency hadn't recovered your original debt...
I've just succeeded in getting a £3000 debt paid to me, and I've been waiting 4 years. My solicitor was told there was no way I could afford the fees unless they delivered. |
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bremner8
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Whatever you do don't part with any money and don't let the debt collector bully you. Explain your circumstances and that you want to repay the full amount but over a longer period. If they don't like that go to the county court and ask for help with an administration order. This lets you pay at a set rate and there is the possibility that you will end up not having to pay the full amount or any interest. |
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