 Need some advise with dealing with a debt collector? |
| A friend told me to try yahoo answers to get some advise on this. I just recently got a call from a debt collector inregards of a capital 1 bill i had in 2000, he told me i owe 9k, where it was 32... |
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 Need help getting a loan to pay off debt!!!!? |
| I am in a bind. I have poor credit and need to start fresh. I have been denied by every bank out there . I just want to get a consolidation loan and payoff all my debt and make one loan payment and ... |
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 How does a settlement payment to a debt collector affect my credit? |
| If you take the percentage payoff how does that affect your credit in the long run?... |
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 I went over my credit limit by 11 dollars? |
| My credit card limit is 300 dollars a month, and i used 280, but they charge me my annual fee, and it went over to 311, but i paid off the whole credit card, will my credit score go down?... |
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 Is this legal? |
| I had a credit card over 2 years ago. I lost my job, so I called them and made a deal (yes it was in writing) about my payments. They did not hold up their end of the deal, ended up charging off my ... |
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 How long does it take to raise a credit score? |
| I just got my credit reports from two of the credit agencies. My score was 550 on one and 625 on the other. I've started to talk to a few collection agencies and have sent payments in full to a ... |
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 How long does a bad credit entry stay on file if it is not paid? |
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i won't just pay it because of the principal that i do not owe it but can not get them to remove it from my file after months of arguing about it time and again.... |
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 Can a buisiness charge a fee for any credit card transaction? |
| I live in San Francisco. In my old hood the corner store charged you for credit/debit purchases under a certain amount. My new corner store charges 50cents for any and all card transactions. Is that ... |
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 I've been told I have NO credit..how do I get some??..I have owned a house so I should have credit? |
Its hard to get a loan with no credit vs. bad credit
Additional Details
banks dont have to repor t credit so its not instant credit if you take out a loan and re-pay it even if its on ... |
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 Has anybody had any luck with debt consolidation through one of those companies? |
| Im about 10 grand in the hole! I have been missing payments to credit cards lately, and have medical bills that I haven't even considered paying. I just make sure I keep my rent, and my care ... |
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 Paying off credit card and overdraft debts? |
I have £3,500 on a credit card which is 16% interest rate which works out at approx £80 interest per month on top. I also have an overdraft of £600.
I have gone on to uswitch but ... |
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 When a credit says they ae going to take you to court for an 8 year debt are they lying or can they do that? |
| When a credit says they are going to take you to court for a 7 year debt are they lying or can they do that? I got a call from a "lawyer's office" saying that If I dont pay I will be ... |
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 Will i be able to make complete a transaction that exceeds my Credit Card limit? |
| i got a credit card with a limit of $500. its new so i havent used it yet. i can pay off the bills and wat not but i wanna know if i pay a ps3, an extra controller and rainbow six vegas, will i be ... |
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chica | I can no longer afford to make payments on my Flat Screen TV. What should I do? |
I financed it for 3 years about 2 years ago and I owe about $1,600. What If I just just stop making payments and wait for them to come pick it up... Will doing that affect my credit? |
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logical1
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First, figure out if you can save money in any way to raise the money to pay off the rest of the TV. Can you eat out less, or cancel your cable for a few months, or perhaps even sell the tv?
Second, if you cannot find a way to raise the money, you should contact the company you owe the money to and explain that you are having difficulty making your payments. Listen to the payment options they give you and see if one is something you can do.
Do not, under any condition, ignore the problem and do nothing. This will ruin your credit rating, and perhaps have legal consequences as well. They will hound you until they get the money. Not a good idea. |
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John Harris
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yes, i say hide the set in the closet and go in there whenever you want to watch it and dont answer the door cause they will come a knockin. as soon as u stop paying they hit your credit report. your other alternative is to find a buyer for the set that will pay the amount still due on it and pay off the loan b4 you go delinquent. |
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Ming
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how much can you sell the flatscreen for and what kind and size is it? I think the best way would be to sell it off and pay your debt. |
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Pengy
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First they will not pick it up, second credit is shot, third what they will do is sell to a collection agency for pennies on the dollar, they will add outrageous fees, and in time take you to court for a judgment and will garnish you wages and or tax returns so they get their pound of flesh, and their money |
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DaMan
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You should become a member of the Make-A-Way Foundation and get a 2nd job and pay that off.
Your credit is too precious to let a potential deliquency "fester" on that report for seven years.
$1,600 is not a big hurdle to pay down. $6,000 is a big hurdle. |
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DSH
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find a way to finnish the last year of payments, its not worth destroying your credit rating for unlesss theres no other way. there not going to repo your tv but it will goto a collection agency and your credit score will drop big. |
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chuckles951
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Your credit will be harmed a lot less if you give it back to them as it costs them a lot of money to come and get it.
Since it is 2/3 paid for you may be better off just to sell it and pay off the loan. Then your credit will look really good as you paid off the loan early. |
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Justin Credible
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Uh, YEA, duh it affects your credit. How about selling it and taking a loss on it and just paying off the remainder some how. |
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G-man
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Yes it will .... but ... under the circumstances ... it sounds like it's probably a good choice ... if you financed it through a rent-to-own place. Never "rent to own" ... most are scams.
However, if you bought the TV and just financed it ... like at Sears or Best Buy etc. ... they won't just come "pick it up" and let you off the hook. A big store can't resell a 2 year old TV to anyone for a high enough price to pay off your outstanding debt. So ... by stopping payments to one of these places ... the only thing that will happen is that your credit rating will get trashed and it could go to collections or you could get sued.
If this was bought at a big box store and financed ... I'd suggest selling it for as much money as you can and paying that on the outstanding debt ... then working a ton of overtime or getting a part time job to pay off the rest ... it won't be fun or easy ... but .. it's your best option. |
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MSAD
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It will shoot your credit all to pieces.
If they pick up the tv they will sell it for what ever they can get (not much) and then sue you for the balance. If they can't pick up the tv - they will just sue you.
There may even be language in your finance agreement that says if you default, you will be responsible for any legal fees they incur trying to collect payment from you. In the end- you could end up owing more than the 1600.
How much can you sell the tv for? Can you sell it for the balance of your note? |
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