 I am very frustrated, I cannot purchase a home because of my credit scores.? |
| My credit score is in the low 500s. Everybody is telling me I have to have a 620 before they will even consider me for a loan to purchase a house. I pulled my credit report and I have starting ... |
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 Credit cards for poor credit unsecured? |
My husband and I are looking for a credit card for poor credit. We want to use it to rebuild our credit and were told the best way to do it was to get a credit card...
Thank you for real leads, ... |
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 What is the best credit card option for college students? |
| I'm very concerned about my building my credit and I was interested in applying for a credit card with a great rate and a very low spending limit. (I'm intending on just using it for gas or ... |
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 My bank manager has requested to see me? |
| No doubt he wants to borrow some more money. When I last loaned him money, I told him that it was not 'normal' and he said the bank do it all the time - they lend money to people who can... |
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 Which credit card is the best for transferring over balances ? |
| I was looking to change my credit card so I could be interest free for a year, however I was wondering if there was a limit to how much money you can transfer and any costs?... |
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 How is everyone coping with the credit crunch? |
| I am finding that as a college student that prices of food is really expensive and travelling costs are rising so i do tend to walk more these days as i need the money. I find that shopping for ... |
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 Will it be difficult to buy a home if i have excellent credit and not have a job.? |
| i hate my job and i like to quit. but i also want o buy a home in the next six months . need ideas on how to make this work for me.... |
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 Can someone buy a house without owning a credit card? |
I heard that in order to get a mortgage, you need to have a credit card (not for buying, but for the credit). Is it true?
Additional Details
but that's what i mean, is it possible ... |
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 Old Debt collection? |
| I received a letter from a debt collector about an old debt... from about 1999-2000. I believe it should be dropped from my credit report by now but the letter says they have just purchased the debt ... |
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| Please help has anybody else had trouble from world books the book club i got loads of problems from them? |
| they have not honoured the agreement to me and now are telling me that i have not done and put my account to a debt collection agency saying i owe them money which i do not what can i do this will ... |
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 Should i forge my mom's signature for a credit payment? |
i need to fill out a contract and it requires a signature.
Its a housing contract and i need to pay over 200 dollars, i need to send this out today before a certain time but my mom is in a ... |
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| What should my cousin tell the collection agency? |
| My cousins mom passed away about two years ago, her estate didn't even cover all of the funeral and burial expenses. Now some company DCM Services, specializing in deceased collections wants the ... |
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 My first credit card...need help claculating payments? |
| ok ive asked a majority of people this issue. i owe 600 dollars on my credit card i want to pay 100 dollars a month on it til its paid off. my credit card rate is 19%. some people say if u pay 100 ... |
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 Does having a credit card help your credit rating? |
| Even if it's the Barclaycard 40%apr job or one of these Vanquis cards. If i just put one tank of fuel on it every month and paid it off without accumulating any interest would it repair my ... |
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 Is this true that if you don't make any payments for 2 years ...? |
I once heard something to the effect that if you owe a credit card and have not made any payments for two solid years, they cannot come after you for the debt, is that true?
Thanks for ... |
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 Should I except offer? |
tax credit office has hounded me for three years for a overpayment £3000.00 which I always stated i did not receive
I have had court notices sent 3 times
yesterday they sent me a letter ... |
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jamie h | How likely will a debt collector sue? |
Ok i hear lots of diffrent things. I hear that they will not mess around with amounts for under 7500. It cost too much for them. I also hear that it is under like 500. I opend a credit card and had a balance of 3000, this was 5-6 years ago, i ran into some heath issues and could not pay. I did not recived any collection calls till now from a lawyers office in N.Y. The demanded it in full, I just went through a divorce and i dont have all of the money for them. Now why is a lawyer from N.Y. contacting me i live in Michigan. Anyone every been down this road. |
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asreid14
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You are probably close to the statute of limitations, that's probably why they are calling you all of a sudden - they're trying to get you to pay something or promise to pay something. Please DO NOT do either because both will start the statute all over again. Its probably best to just stay off the phone, don't even bother to talk to them. The SOL in Michigan is 6 years, so it appears you are very close to them no longer being able to come after you for this debt. And they cannot put you in jail for this BTW. |
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sammie
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DO NOT start making payments to them. If you do, you reopen the case with a new date. Like it was said before, the limitation is almost up, so they are making an attempt to get you before their time is up. It's unlikely that they will sue. It will cost them more to sue than the debt is worth. It's a scare tactic they all use.
Write them to stop calling. And make sure you check your credit report. They have to take it off in 7 years. If those sneaky b****** try to put it on with a new date, write to the credit reporting agencies to have it taken off.
Check out this website for letters you can copy and paste...
http://www.stopcollectionharassment.com/sample_letters.htm |
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jodi_lynn_124
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Todd you are a Jack--- no they will not throw you in jail. The others r right first make sure these people really are lawyers do you know how many collection agencies say they are lawyers when they are not even close.
I live in Michigan too if you don't mind me asking what company is this when I got into trouble a while back the only people the went after me and sued was Sears. They took me to court and everything.
Stay calm they r just trying to get a few cents on the dollar and don't talk to these people that means you are admitting the debt and you don't want to do that.
:)
Jodi
Any questions I can help just ask?? Have been through alot now am helping alot of people with there problems. |
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Studly
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It has been my observations from helping people with debt that there are two factors to consider.
1) The amount of the debt.
2) Where the collection agent/lawyer is located.
In your case, if this "lawyer" is in New York, he will have to either come to Michigan to sue you, or he will have to hire an local attorney to do it. If the collection agency has an office in your area, it is fairly easy for them to sue. My guess is that since they have a NY lawyer calling you, the don't have a local office.
Collection agents rarely go after debts of under $500. And they will go after anything over $2000. Your $3000 debt makes you a "borderline" case, but I would be concerned.
Another factor is how easy it would be to collect from you. They will pull your credit report and see if you are employed. That would make garnishment very easy. In Michigan, it's a simple process to get a garnishment order.
The reason they are starting to pester you now is because the Statute of Limitations is about to expire. In Michigan, the SOL is 6 years, beginning on the date of the delinquency. After they they lose the ability to sue you. So check your records and verify the date. |
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Common Sense
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I wouldn't worry about it...
Don't let them push you around... |
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Mr.Morgan
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No collection agency or lawyer can sue you they are not the original lenders only the original lender can do that. I am not a lawyer so go get one the visit is usually free. The lawyer in NY probable bought the debt for $30.00 and is trying to scare you into paying $3000.00 don't pay anything. |
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Luckys Charm
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They wont sue ****. Dont listen to Todd c he just probably working off commision. Like Keith and dt said they are playing roles as lawyers and more than likely brought the account from the creditcard company for about 2000.00 and gone try to make that extra 1000.00. You've been penalized for that on your credit already the only thing you have to worry about is them selling it to a new collection agengy which would show up as new on your report. After seven years it would fall off only if the dates haven't been updated on your credit report. |
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KEITH C
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they are not lawyers they are the collectors playing the role of lawyers. After seven years they will write off the debt. |
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Steve R
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Be nice to them and ask if you can set up a payment schedule to pay off the debt. |
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dt
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make a deal with them, they will settle for a lesser amount. it's been charged off by the credit card company and these guys bought the debt from them hoping to collect a few bucks. |
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Todd c
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THIS IS SILLY QUESTION, WELL OF SURE THE WILL SUE! FOR ANY AMOUNT. ONCE THEY WILL SUE WHICH I AM SURE THEY ARE PREPARING THE PAPER WORK NOW, THEY LIVE IN NY YOU ARE GOING TO HAVE TO PAY FOR THERE TRIP OUT. I BET THEY WILL SUE YOU FOR 7500 OR MORE. AND ONCE YOU GO TO COURT AND IF YOU DO NT HAVE THE MONEY YOU COULD FACE JAIL TIME FOR STEELING.
YOU NEED TO CALL THEM UP NOW AND OFFER A PAYMENT EVEN OF 10 BUCKS A MONTH..
YOU SHOULD OF TAKEN ACTION RIGHT AWAY. |
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