 Bank Loan matters? |
| If i stood as a guaranter for a known person who has taken loan from icici bank for a vehicle over 5 lakh. Will there be any problem for me if that person is not been able to repay the amount to the ... |
|
 How can I build good credit? |
I have been turned down back after back on credit cards and loans because I don't have any credit. I don't know anyone with good standing to co-sign for me.
I have recently ... |
|
 How do I rebuild my credit? |
| IN 2006 I HAD ABOUT 7 CREDIT CARDS (INCLUDING 1 STORE CARD). NEEDLESS TO SAY ALL OF THEM HAVE BEEN SENT TO COLLECTIONS/CHARGED OFF. HOW DO I RESTORE MY CREDIT?... |
|
 Cutting credit card? |
Hi all,
please tell exactly how to cut and deface a credit card with scissors as i want to cancel mine. SHould I sent the cut pieces of card to credit card company??
regards,
... |
|
 What is the best credit card? |
| what is the best credit card for starting a small ... |
|
 Can a credit company claim repayment if they have not been in contact for 9 1/2 years? |
| a collection agency has suddenly out of the blue requested payment for a credit card from 9 1/2 years ago when the company themselves haven't been in contact requesting payment. can this happen ... |
|
| What is the best student credit card? |
| I have no credit card and this will be my first, so which one is best. There are so many to choose from with different rates and rewards but I want to know which is the best overall and also in terms ... |
|
 Are credit cards allowed to increase your APR if you pay ON TIME with them but LATE to other cards? |
| I heard that most credit card companies increase your APR even if you pay on time! What they do is they check your car payments and other cards, and if they see that you are late with OTHER cards, ... |
|
 Whats the best credit card? |
| I'm about to be a college student and I'm looking to start establishing good credit for myself. I have never opened a credit card before and i want to get the best one possible for a ... |
|
 I need a loan and I have very bad credit with no co signer is there hope? |
| I have a credit score of 573 but i need a loan to get a new car because mine is almost dead is there hope for me? and if there is where can i go?... |
|
 How many credit cards do you have? |
| I have only 1, but I think more than 2 is too ... |
|
 Will I lose my house? |
| I've recently separated. My husband accumulated $15,000 in credit card debt before he left. He isn't working now and is applying for disablilty. In the meantime he has no income and is ... |
|
 Would this have affected my credit rating??? |
I had a debit card which was used fraudulently a year or so ago. It was cancelled by my bank.
I had the details of this card saved within the account section of a website i often buy ... |
|
 Should people that go bankrupt have all there dept totally cleared? |
| i just think that if people go bankrupt they should still pay something towards there debt even if its a small amount. At the end of the day they got themself in that postion and should still pay at ... |
|
 If a collection agency requests payment on charged off debt that was never on credit report, do I have to pay? |
| I received a letter from a collection agency addressed to my old name. I found it to detail an amount owed that I didn't recognize. I contacted the company (the person was very nice and ... |
|
| What should I do with this debt? |
| A friend used my name to purchase a car and the car was later repossessed leaving behind a debt under my name. Now, a debt collecting company is haunting my family as I am no longer staying with them.... |
|
 Is it true that my credit may suffer if I cancel a credit card? |
| I've got a credit card with no outstanding balance. The company cancelled the rewards program for which I originally got the credit card, and so I want to close the account. But my father tells ... |
|
|  |
tws0000 | How do I negotiate a the best payoff of a credit card? |
I have some capital 1 credit cards that are in collection and I am ready to negotiate a settlement. Are there ways to get the best percentage or do the collection agencies have a bottom line they will not pass?
Additional Details
The cards are delinquent over 4 years and have been sold to a collection agency. |
 |
 
vapeaceout
 |
Good luck...capital one is the most horrible company... |
|
CALIFORNIA GOLD
|
Wow; a lot of wrong answers on here again. The only thing I saw that I liked was the bit about hiring a 3rd party to do it for you. Here is the down low: Capital One will be hit or miss because they farm the accounts out in so many different directions. What you have working in your favor is the fact that they actually sold the account to the agency if that is the case. If it is within a year of chargeoff, they usually start talking 70 or 80 percent. Really what you need to do is talk 40 or 50 percent, stick to your guns and be willing to wait until they sell it to another agency if they don't accept your terms. Know that you will get a 1099 and pay tax if you save more than 600 dollars. |
|
kassy kemp
|
With most settlements you do need pay off the each individual credit card debt all at once in a lump sum by paying the creditor the reduced debt settlement figure they have agreed to with your debt negotiation firm. There are two significant exceptions that debtors should be aware of. First is that in some cases the creditors will arrange a short payment plan, especially with larger amounts of credit card debt. These plans might range any where from three to six months to pay off the credit card debt. The other exception comes in the form of special debt management or debt reduction companies, which arrange to stretch debt settlement plans out of a period of one to four years.
Debt negotiation firms who work with secured debt such as mortgages and car loans do exist but most often are not the same firms who specialize in credit card debt.
get more information about credit card at: http://www.card-gallery.com/index.html |
|
non_apologetic_american
|
Tell them to "Guess What's In My Wallet?", then when they laugh, tell them "Nothing!"...then ask "How much will you take to settle?" |
|
Rainy
|
my sister had a bad experience with Capital 1 they would not work with the credit counciling service that helped her get her debts paid off . . instead she contacted Capital 1 directly and they allowed her to make payments to them but would not budge on the interrest rate. |
|
kja63
 |
Just remember, if you negotiate a payoff settlement on a debt, you will have to declare the write off amount on your taxes next year!
Most unsecured debt companies will go as low as 60 cents on the dollar. So if you owe $5,000 they probably won't take less than $3,000 for the payoff. |
|
cnuxoll
|
Unless you know what you are doing, I would probably hire a credit counseling service to do the negotiation for you. You have to be at least 30 days delinquent, and they will close your accounts, but negotiate a lower montly rate and get you back on your feet over time.
Capital One, Providian, Orchard Bank and Household Bank will rarely negotiate because they take chances on higher risk customers. The way they stay in business is through higher interest rates charged to those who pay on their accounts and they didn't get to be one of the biggest credit card issuers by giving away lower rates.
Capital One is notorious for reporting incorrectly to the credit reporting agencies to keep you as a customer; if they wreck your credit score you're less like to secure credit through someone else, hence keeping your Capital One account and using it. |
|
kingsgirl
|
Usually a bottom line but that would be a lump sum usually |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
6 | 6 minutes(s) ago
| | | |
9 | 46 minutes(s) ago
| | | |
7 | 58 minutes(s) ago
| | | |
8 | 1 hour(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
6 | 11 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 3 day(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
