 Why do they bother? :-(? |
| My credit got very bad a couple of years ago after I went >$10K in CC debt. I have been busting my can to fix it, and it's better but not perfect. (My credit scores are between 603-650, ... |
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 What should I do, I accidentially bounced a check? |
| I wrote a check to my job that I found out today was returned nsf. I accidentially grabbed the wrong check book and thought I had written it out of another account, it was an honest mistake and I ... |
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 Bad Credit-Home Loan? |
| I have a 495 credit score and just had a recent divorce and still living with my husband. I am staying with him to save money however I want to get my own home and its seems not to be possible ... |
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 Lookin to get credit?? |
i have no credit. i'm lookin to get some good credit. i'm really iffy about credit cards well the damn things scare me. Whats the best way to get credit?? thanx
Additional Details<... |
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 I am unable to make my minimum credit card payment. Before signing up for a debt settlement program, should I? |
| talk to the bank about this situation? Do banks lower the balance and work with a customer in trouble, to help resolve this problem?... |
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 DESPERATELY need a loan shark. I know all the stories but MUST do something NOW? |
REALLY IN TROUBLE. Someone please help me.......
Additional Details
Tried all the online bad credit loans and got alot of denials as well as junk offerings. Even had a few call saying ... |
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 19yr old army lad needs loan or finance for car? |
| 19yr old been in army three and half yrs no credit who can he ... |
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 A creditor said I had to pay $450/month on a debt I was behind in.I can pay $225/month.Can they sue? |
| I live in Tennessee. I have corresponded with them from the beginning and have told them that now I can pay the $225 I was paying before I had problems. I have paid payments of $500 once and $450 ... |
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 How can I have a good credit score? |
How many credit cards are recommended to have open?
How often should I use them?
What can I do to increase my points?
Can you give me some tips on how to maintain a good credit?
<... |
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 When I apply for credit cards, do I use my old address or my current one? |
I didn't know which one to use or will they send it to my old address
Additional Details
I don't want them sending it to my old address because my ex lives ... |
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 What happens when you get rejected by a credit card company? |
| I heard it makes it makes your credit bad. i dont have any credit and have been trying to get a credit card and i got rejected a couple of times does that make my credit look worse?... |
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 Best place to get a home loan with bad credit? |
| I am looking for a return on rent. I pay over $1000 for a place to live anyways, but do have a few problems with my credit. Where is a good place to try for a loan, I don't want my credit ... |
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 Please help and i mean PLEASE? |
| I built a website on CityMax.com and I am not sure how to quit?? I need to quit because it said it was free until I signed up and now I am screwed!!!!!!!!!????????????????????????...... |
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 What is APR? |
Do I have to pay the percentage fee of APR for a credit card annually if and only if I pass the credit line limit? late payments? and some other mistakes I make?
OR
Do I have to pay the AP... |
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| Debt Gone for good.... is this for real? |
Has anybody ever dealt with this website: http://www.debtgoneforgo
If you have, how was your experience with them?
The reason I ask is because my friend got an ... |
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munamazen | I didn't pay my credit card for more than 7 years...do i still owe them the money..? |
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Buddy A
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Yes, you owe it, but it is very doubtful that they can legally recover now that that amount of time has passed. In most states a creditor has four years in which to collect a debt or sue to collect it. If they has sued you during the four year period and obtained a judgment, then that judgment is good for seven more years and it can be re-recorded for another seven and so forth forever. If they did not get a judgment you are probably free of the debt, legally, but you will have to fight with the credit bureaus to get it off your credit report, even after seven years has elapsed. Good Luck. |
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OC1999
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Until you pay the debt you will always "owe" the money. They have every right to ask you to pay, until you inform them that you no longer want them to contact you.
But, the question becomes can they do anything to you if you don't pay. The first time period is the Statute of Limitations. This is the legal time period they have to file a suit against you. The time starts from the date of your last delinquency and in most states at 7 years you are past this time. However, if you have made any payments you may have reset the SOL.
The second is the time it can be reported on your credit report. This is 7 years from the date of the first delinquency and can not be re-aged. So once the 7 years has passed it can no longer be reported. |
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Beach Girl
 |
You'll know when you try to buy your first house. Before closing ALL debts regardless of how old must be paid in full. Your debt is sitting there waiting on your credit report. If I were you, I would ask for a credit report (TrueCredit.com) and see where you stand. Credit card companies don't forgive and forget. |
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Excellent Credit Service
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You owe the money! Can they collect, I wouldn't think so. The Statute of Limitations is probably around 4 years. |
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Spock (rhp)
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yes
and your credit score reflects your neglect, too |
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v b
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No, the money owed won't just disappear.
Eventually the company will write off the debt and send you a 1099-C. At that point the cancelled debt is INCOME to you and must be reported on a tax return. |
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Paul A
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Check for Statue of Limitation on debt for your state. The statute of limitations on debt varies from 4 to 6 years in most states. It can be longer in some - up to 13 years. The 7 year rule is for credit reporting and the company is no longer allowed to report the debt on your credit report after 7 years. You will still owe the debt though until you pay it back. It should drop off your report 7 years and 180 days after it was reported delinquent by your credit card company. |
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Shop-o-holic
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unless you declared bankruptcy, of course you owe the $.
get your credit report and you'll see unpaid collections, contact the collection agencies and pay off what you owe.
Your credit report will reflect that you paid the collections. |
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acermill
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Yes, you owe the money. Did you expect that the Good Credit Card Fairy appeared out of nowhere and paid the debt for you ? |
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Mo
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I guess if you still "owe" them money or not is the least of your problems.
Your credit score is in the gutter now, so you can forget about getting any type of credit, be it a car loan, a line of credit, or a mortgage among others for the next long while. |
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Damn Pocket Protector
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You owe whatever collection agency took over the debt...if it's a lot...they hire P.I.'s to scout you out to see if you have assets or money...if you do...they come knocking one day with a sheriff with them...and with your permission...they take inventory of inside of your place...making notes of things you possess of any value (besides essentials...) and then get a court order that you sell your possessions and give them the money from the sale...
If you live very spartan, and have nothing of any much value...just a T.V., old computer, and a tunebox...and a leather couch, and a beat up bicycle, and one cheesy coffee table, with an old CD/DVD player, and a never-returned cable box...
You're what's known as "Judgement Proof," which means you have nothing of any real value for them to collect on...so they usually will leave you alone...for a while... |
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linda
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YES of course you do. |
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skynyrdgoodway
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PAY THE MAN ...NOTHING IS FREE |
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