 What are the ramifications of not paying a credit card bill at all? |
| if your credit is already destroyed why bother paying the bill? What else can they do to you?... |
|
 Advice on a loan? |
| hi, im currently paying off a credit card of 3000 and a loan of 1000 (lloyds tsb) im not on a high income and im struggling with the repayments. im paying something like 120 a month. can someone ... |
|
 After I pay off 3 credit cards should I close them or keep them open? I want to build more credit.? |
| I was unemployed for a while and wasn't able to keep up with payments so now my credit is not great. I have 2 cards that have been closed but I have been given assistance by the creditors to ... |
|
 Credit Cards? How do I get my own credit card? |
| Today I found out that my credit score is 770. The reasons why my credit score is high is because my parents co signed ro me to get a car loan. I also have a credit card but my parents also have the ... |
|
 How can I get rid of $30,000 in debt easiest? |
| I owe 30k and absolutely do not want to file bankruptcy. I can afford to pay $900 per month but the balance just will not go down. They will not lower my interest rate either. I am skrued?... |
|
 Medical bill - What happens if i just don't pay? |
| My wife went to the emergency room. We have insurance with a high co-pay. We own a home and don't plan on buying another one any time soon. We have enough cash to pay the bill, some in my ... |
|
 How do I get my name off a co-signed car loan? |
| I co-signed on a car loan right before I separated from my husband and later divorced. He has a Ford Explorer of which he hasn't made the payment on for the last 4 1/2 months. No one will allow ... |
|
 Will my bad credit affect my hubby's good credit when he tries to refinance his mortage? |
| I have bad credit, My hubby has great credit. He is looking to refinance a home he purchased before he got married to me and wants us to apply for a refinance loan together, I'm scared that this ... |
|
 Debt - What should I do??? |
| I am a 21 year old college student with about 9000 in credit card debt. I lost my job for a while and fell way behind on all my bills - now I have collection agencies calling me all the time and ... |
|
 My daughter-in-law took out credit cards in our names but refuses to confess, what do I do? |
| I have reported to the credit card companies but it's been seven months and nothing has happened yet. I told them it was her and we have reported it to the police but I still don't know ... |
|
 Why the heck?! (Credit Report question)? |
| I have had a capital one card for years now, it only has a $500 limit w/ a high intrest rate and I have NEVER been late on it. After significantly improving my credit (years of work) I applied for ... |
|
 Who should I go to refinance my house if my credit score is 535.? |
| my credit is 535 my first loan is 148000 and second for 42000 and I need to pay some credit cards for 12000 my house is worth 253000 and I make about 3000 a month. Do you know of any companies or ... |
|
 How to apply for a credit card? |
ok... so i have a few questions about credit card....
1. what is the difference between a visa and a master card?
2. can i apply a credit/master card if i have no job?
... |
|
 What happens if I stop paying my credit card entirely? |
No BS here
We're severly in debt after my wife quit work to have our children be a stay at home mom 5 years ago. I work 2 jobs but its not enought. She has few job skils at any rate
T... |
|
 If you pay of a credit card, and then get a refund, what happens? |
| So I have a credit card with a fairly high APR with a $200 balance on it. If I pay it off completely, and then end up getting that money refunded to me, what happens to my account? does it make my ... |
|
 Is it illegal to charge a consumer more more if he or she would prefer to use a visa/mastercard over cash? |
I work for a company who has independent contractors that are always trying to get our customers to pay with cash vs. credit. I am wondering if this practice is illegal.
Our company ... |
|
 Could my wife be affected if i file bankruptcy? |
| We don't share any credit card and checking accounts, and the propety doesn't has my name on it.... |
|
|  |
jmacafalla | How to bargain with collections agency when i owe 6,000? |
|
 |
 
scully513
 |
Maybe you should ask yourself how I got in this situation so it does not happen again. |
|
bdancer222
|
First, if the debt has already been send to collections, it is probably too late to go back to the original creditor.
Second, it is always better to deal with collection agencies in writing rather than over the phone.
It depends on how old the debt is. The older the debt, the more likely they will accept less. If the debt is over 3 years old, offer 25%; 2 or 3 years old, offer 50%; less than 2, offer 75%. Lump sum gets the best deal. Payment plans must be short term -- less than 6 months.
Get any settlement agreement in writing and keep it, along with your payment proof, forever. Do not give the collector direct access to your bank account. |
|
Charlie Bucket
|
here is what i did.
get copies of all of your credit reports. read them upside down & inside out until you understand them.
figure out what it will benefit you to pay off.
then figure out how much a month you can pay.
call each creditor w/ your offer. in my case,i was offered a one time reduced payment.
my stipulation was that they update my credit report & also send me a letter stating that the debt was closed.
good luck |
|
saved_astronaut
|
I settled w/ a comp 2-day cuz I jus dint have it. I just let them know I jus dont wanna file BK & they workt w/ me. i'll b pd in dec
Best Wishes!!! |
|
Bad bus driving wolf
|
The problem isn't that you owe $6000, heaps of people owe heaps more than that and don't get into trouble. The problem is you aren't paying it back. There are lots of ifs and buts and maybes, but basically you have to show them you intend to pay the loan off.
The first essential is do you have a job? If you don't, then no amount of talking will convince them you want to pay the loan off, so you will have to get a job (or welfare or whatever).
The next essential is to show you intend to pay off the loan in a reasonable period of time, e.g. a year.
Whatever you do, make sure you keep them informed and you at least are paying the interest on the loan. |
|
annonymous
|
99% of the time, they are willing to settle for a lot less than what you owe them. BUT, that is IF you are able to pay a lump sum to settle the entire agreed amount for the debt. If you can do that, they will often take 1/2 or 3/4 of the amount owed. Remember, however, this will show up on your credit reports for a long, long, long time --- stating that the account balance owed was "settled" or other words to that effect.
Another thing you can do is ask for a payment plan. They will most certainly want to work with you on that, so that you pay off the entire amount owed on a payment basis --- monthly. Often, they will chuck the interest charges in that case and only charge you the amount owed if you work out a payment plan.
Again, remember, if you are already in collections, you might want to contact the credit card company or whomever else it is that you owe the money to, directly. Ask them if you can work something out with them to pay them off. Paying through a ollection agency will always bite you in the butt. It always shows up on your FICO score as a result of your credit report(s).
P.S. What Alucard, who answered here said, is stupid and not true.
What Supa-Inc... , who answered you said, was the most foolish answer there is and, I'm sure it was a joke! |
|
jimmyjohn
|
Money talks.....usually you will be able to settle for a lot less IF you can pay cash - immediately. The longer you need to pay the more it will cost you.
If you can, negotiate for a full settlement, including a letter (once it is paid) to remove the collection and delinquency on your credit report. But in order to do this you will need to pay them most or all of the debt. |
|
jrawlins33
|
work out a payment plan, BUT your credit is already bad if it has gone to collections, so don't make the payments to large. |
|
pechinrules
|
Tell them you are retarded. They might have sympathy on you. |
|
Captain Planet
 |
tell them to make a plan with you about paying every 2 weeks or so |
|
Alucard
|
Tell them I'll pay you cash |
|
DatGirl08
|
Sometimes they will lower it. Tell them you have been laid off and just don't have it. Tell them that you will pay it back over 36 months. |
|
Supa-Inca
|
You got two choices as I see it.
1. Ring and invite the Rep to lunch and a drink or two and see if a little side money can save your neck.
2. Invite them to a place where there is little or nothing but the kitchen table and a bed on the floor and cry poor. (Have a facial makeup that makes you look like death is but a few days away)
Then ask the Rep what's the best deal they can do for CASH which you hope your dear aged mother will lend you!
It's a wicked world and these scenarios have been used in many movies and tv soaps to enthral the captive audiences. It may just work for you! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 10 minutes(s) ago
| | | |
12 | 39 minutes(s) ago
| | | |
13 | 43 minutes(s) ago
| | | |
13 | 2 hour(s) ago
| | | |
13 | 5 hour(s) ago
| | | |
13 | 8 hour(s) ago
| | | |
13 | 10 hour(s) ago
| | | |
4 | 2 day(s) ago
| | | |
13 | 1 week(s) ago
| | | |
16 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
