 Creidt card help!!? |
| Im looking 4 a credit card. does anybody know a credit card company the approves u no matter ur credit score?... |
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 What happens when your credit card expires? |
| Do you automatically get a new one in the mail, or do you haev to reapply for a new one. Bank of A... |
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 What's a good, SAFE website or way to check my credit score? |
| I thought about freecreditreport.com, but I just wanna make sure that's safe and reliable. If not there, then where should I go? Thnks! 10pts Best Answer!... |
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 Im thinking about filing chapter 13 and doing debt consolidation, any thoughts or experiences? |
| I pay all my bills on time (for the most part) but it's nothing but the minium, I was thinking about doing chapter 13 debt consolidation, is this wise?... |
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 What happens when you can't pay your credit card, I owe more than I could pay off in a lifetime? |
| I owe 20.000 dollars@ 500.00 a month. I no longer can pay it.I feel extreamly bad, and scared of what might happen. My name is the only one on the account, I know it will ruin my credit , but will it ... |
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 My boyfriend is concidering breaking up with me but is unsure, what do i do? |
We've been going out for two years and things have been rocky between us latly, i wont lie.
im still in love with him but hes unsure if he loves me.
He said either way he ... |
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 I owe $6000 in credit debt, but i am unable to make payment. I am out of the Country right now and wouldn't be |
| coming back anytime soon maybe more than 10 years. Any suggestion about what i should do about this debt? I am not so worry about bad credit because i wouldn't need credit for anything in the US ... |
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| Credit Score When Buying a Car? |
| Does buying a car affect your credit score? Does it go down because you've made such a large purchase, or up because you qualify to buy such an expensive item?... |
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| I feel that is a bunch of bull!! I am having a hard time trying to find an apartment or house for my family because I had a car repossesed. Now, thats crazy!! The reason I couldn't pay my car ... |
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| Do I have to pay a bill from my doctor that I went to 4 years ago? |
I just received the bill of $400.00. I don't know the details. I know I didn't have any blood test as the bill claims. I only went to take care of my acne.
Do I have to pay ... |
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 Could you tell me how to save money? |
| Because I always waste my money soon.... |
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 Can we be turned over to collections even if we are making some sort of payment a month on the account? |
| There's a school account that we verbally agreed to make a monthly payment on for a certain amount. We fell short this month due to extra bills piling up so we made a payment that was less then ... |
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 Plese tell me how bad or fair my credit scores are? |
| hi i would like to apply for a loan through a credit union (TDECU) but i'm scared my credit score isnt high enough. my future husband has somewhat good credit and is already on his second loan ... |
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 Can debt collector file lawsuit? |
| ok yesterday i sent a debt verification letter to this debt collector. ive already talked to them once but didnt agree to anything or give any info. just so happens some lawyer i think has something ... |
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 Anyone know a place to actually GET a loan with bad credit? |
| We want to, more or less, get a loan for debt consolidation. We screwed up in the past, and have never been able to catch back up again to do it "right" We've gotten our sh** ... |
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Jess T | How soon after an account has gone into collections were you issued a judgement? |
I have an account on my cred. report. Last date of activity was October 2002. It is listed under the collections area of my report - and it is listed as a 'current delinquency'. I get a phone call from the creditor about twice a year, and a letter once a year. This all happened after a bout of unemployment.
I was told that my creditor can keep it on my report indefinitely. Then someone else told me that it must 'fall-off' 7 years after the LDoA.
Whose right? My question also is: what is the average time a collections agency will use to take you to court for amounts owed in the hopes of getting a judgement against you (it has been at the same agency for almost 1 year and a half)? Monies owed total is almost $7k, through research I have found that this particular company pay about 8-10 cents on the dollar...(if that makes a difference).
I would rather give my money to a charity...but that won't help my credit score. Will paying off this debt help? |
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ga.peach67
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I'm not exactly sure of the time frame, but 7 years is usually correct on any debt, 10 for bankruptcy. You should contact the creditor and try to agree on a smaller payoff amount, especially if you are now gainfully employed and can pay. You really want the credit report to read "paid as agreed" as soon as possible. I've been there; good luck! |
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SPIFIMAN1
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It will drop off your credit 7-years from the date of first deliquency.
More important is the statute of limitations in your State. Credit cards are considered open accounts. I have posted a link where you can look up your State.
If the S.O.L. has passed there is nothing they can do to you legally.
http://www.bcsalliance.com/index.html |
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∞infiniti∞
 |
Ignore Bluestravel. If your debt is past your state's Statute of Limitation, you have no legal obligation to pay.There are unscrupulous collectors who might try to sue after SOL hoping for a default judgment. If this happens to you, you must answer the summons. Use Sol as an affirmative defense. The lawsuit should be dropped.
Derogatory trade lines will drop off your credit reports seven years after last delinquency. It does not matter wh oowns the debt or how many times it has been sold.
Do not confuse credit reporting with the SOL. They are two separate things. |
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bdancer222
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Negatives fall off your credit report 7 years and 180 days after the DOLA which is the last delinquency/charge off date. Collection agencies CAN NOT re-age the debt.
The collector can follow you to the grave trying to collect the debt. Some collectors are more apt to take you to court than others. More are going to court over smaller sums.
The statute of limitations (SOL) varies from state to state. While credit cards are defined as open accounts, some collectors have been successful in convincing judges that they are written accounts which typically have a longer SOL.
In any case, SOL is an affirmative defense should the collector take you to court. Doesn't mean they can't still call and try to collect. |
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Ask M
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depends on the creditor
check this website out thoroughly and ask for validation
revolving credit has a statue of limitation of 4 years.
www.creditinfocenter.com |
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bluestravel01
 |
The collection agency can keep on indefinatly. As long as they have activity that they are still working and trying to collect debt. They probaly have on a file that when the time comes close they have someone contact you and that keeps it updated. It does not matter it will stay on your credit report until you have settled with creditor. it is best to try and work out a payment schedule, but from 2002, probably not. Try and settle with them. They want your money and do not want to go to court. All they can get is a judgement against you. But they can also see what assets you have and put a lien against them or your bank accounts. Or just have judgement for 7 to 10 yrs, I can't recall. Once settled though, it will stay on your credit report for 7 yrs, but you can have it say, Claim paid in full. They will send you a claim to file with public records for your file. At least when others see your credit history it will say paid in full and you get a chance to explain situation to next company you try and borrow from. That goes a long way that you settled your debt.
They can take you to court anytime. Surpised they haven't.
Be sure and get your note back from them saying "Paid in Full" if no document to file with the courthouse.
Good luck. |
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m_c_m_a_n
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Debts do come off after 7 years but they re-report it so you have another 7 years. In other words, it ain't going away.
Odds on them taking you to court are very low and it almost never happens.
What I don't understand is why you feel that you shouldn't have to pay your debts?
Here's the deal, if you pay it off (usually you can make a deal for much less) your score will go up, the creditor will stop hassling you and you can feel good about it.
Then start giving money to charity. |
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