 Credit card limits? |
hello, i payed down alot of credit cards this last year. After i payed them down they increased my limits sufficantly
1 card 3500 then to 7000 now 14000
2nd card 5000 then to 7000 now 11000... |
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 I was denied credit 10/5 by two firms, based on Equifax credit report, need explanation of who and what for? |
| On the report from the denied credit firm, it only gave debt amounts from Equifax and no names. I paid off all my bills at the end of 2005 and early 2006 and only have two debts, outside the two ... |
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 How can i improve my credit, and why is it bad? |
| im 25 andmy credit score is around 550 i believe wich is horrible but im not sure why. i dont have much credit history, but a few years back i got a dept. store card with only a $100 limit to build ... |
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 Unemployed and in debt? |
I'm asking this for a friend who dosen't have a computer.
He's in debt, about to loose his job, lives with his friend, and no money saved up. Every payday he tries to pay his ... |
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 Amazon.com? |
can you pay with a visa or mastercard through amazon?? or u need a paypal??? is it safe to use a visa or mastercard???
Thanks!... |
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 My husband had a credit card in his name only for some dental work. He passed away 2mo. after. I have been? |
| paying on this bill for the past 3 yrs. and the int. rate is 27%. Income was cut in half so I'm just paying min. every mo. so the balance never goes down. Am I legally responsible for this bill?I... |
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 What is a good credit card for me? |
| i have limited if not any credit at all. i just turned 18 last year in november. what is good credit card that will approve me with a decent apr?... |
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 What is the best way to pay off an $8,000 credit card? |
| My current card has $8,000 on it and the percentage rate skyrocketed to a 24% interest rate! I did not read the fine print and after the introductory 0% rate, the interest rate increased. I closed ... |
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 Do things not showing on my credit report affect my credit? |
| I have bad credit as it is but I'm working on fixing but to start off I'm only paying the debts that show on my credit report... but I know for a fact I have some other things that DON'... |
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 Just got approved for a capital one credit card? |
| OK, so if you read my past questions you can see that I have tried desperatly to get credit to buy a PC from for School. so Capital One approved me for a credit card after I got one of their letters ... |
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 Credit Debt? |
Is it true that if you dont pay your credit cards bill for 6 years they just take it off your credit report and stop asking you for the money, cause its unsecured line of credit???
Cause ... |
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 What's a good credit card for an 18 year old to start building good credit? |
| I'd really like to get one, because I know how to not abuse it, and I have the money to pay it back. Thanks.... |
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 Strange Debt Letter Help? |
| I received a letter off a debt collection company this morning saying I owe them nearly a thousand pounds, and unless I sort it out they will start bankruptcy proceedings against me, after they have ... |
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 Debt collectors? |
| Hi i say on the news about zombie debts on how they are agressive. well I have one of them harrassing me on a debt from 1994. The orginal balance was 400 bucks and now they want 18k. I told ... |
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 Paying off old debts? |
Hello everyone,
I have debts from the last several years.
But my question is, is it better to settle on a debt if the collector is willing to, or pay off the entire thing?
... |
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 Where do I get a prepaid mastercard without having to apply and fill out forms? |
| I am 14 and I want to buy a particular item online but I havent got a debit or credit card and my mum says I am not allowed to get it I have got the money needed for the item all I need is a credit ... |
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Random | I have credit card debt and the credit card companies are threating to take me to court. Can they do anything? |
I am thanking about going bankrupt and I have talked to a lawyer and he told me not to pay anything. I was just wanting to know if they could do anything. I know they can take your wages. How long does it take for something like that to happen?
Additional Details
I have had a sherieff bring a paper to me, it was just saying you have 20 days to contact discover card and if you dont, they can take you to court. I know the lawyer is going to tell me that but I dont blame him, I called him and told him I want to go bankrupt. It's only about $12,000. but my income is pretty limited after paying my basic bills rent/electric things like that. I do have to little kids and I am a full time student. I was only thinking about bankrupt to get a fresh start. Its been about 10 months since I have paid anyone. Well I did send them all a letter with a small payment last month telling them I want to work something out, but no one wanted to set anything up. I think I am just going to start sending them all $15 a month next week. As long as I am showing some attempt, I know they cant do anything. |
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Miss K
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You need to tell the Credit Card Company you are planning to file a bankruptcy. Then you should get moving on the bankruptcy. It would take the credit card companies awhile before they could be garnishing your wages, and you would know it was going to happen because you would receive a summons and court date. If you are planning on filing just do it, if you don't know if you are you better make arrangements with the credit card companies. |
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great_and_mighty_adam_levine
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They can force you to go to court.
If you go to court and they win, they get a judgement. With the judgement, they can force you to pay. They can force you to sell assets, garnish your wages, or stick to a repayment plan. Exactly what is done is up to the judge, but they won't make you pay so much you can't afford to eat.
If you have an attorney, I would take his advice. If he is experienced in bankrupties, he should know what he is doing and should be able to protect your assets.
-->Adam |
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rico suave
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Sounds like you are already past the point of no return so Go ahead and let them take you to court ( you will see that the credit card companies will balk at the last minute)
Just make a deal with them for a reasonable amount to be paid every month and they will leave you alone- communicate is the key!
No after reading some Posts I agree Bancruptcy Is a good option! see a lawyer first if you can and if he / she says it is in the bag then stop paying all your bills! use that money for the lawyer and file Bancrupcy! The sooner the better!
I was in debt for 10 years before I filed and My life would of been 1000 times better had I filed sooner!
The only credit card company that was willing to work with me was Bank One and bless them for having a way out for me and If the other Crappy credit card companies and auto leanders had a program like Bank One I would of NEVER FILED! so screw em and feed them fish heads! |
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dagoodest
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1st of all bankruptcy should be your very last option!
Should your creditor take you to court, it would be in your best interest to meet them on the court date and attempt to work out a financial solution with them. Then, you MUST keep up on the arrangements! If not, then they can take you back to court to get a wage attachment/garnishment.
Further, at this point I do not agree with the attorney. I would try to work something out with the creditor UNLESS the statute of limitations has run out for your state.
How long has it been since you last paid on the debt? |
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AnOrdinaryGuy
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They can't do anything unless they sue you. If they sue you they will probably get a judgment for the entire unpaid balance, plus late charges and interest, etc., and also for their attorney's fees (if the agreement says so). Once they have a judgment, they can garnish your wages, and leave you with basically only the minimum wage. They could also try to "attach" your personal property such as a car that has good value and no loan on it, and have the sheriff auction it off. They can only do these things if they get a judgment first.
The unpaid credit will be on your credit report and make it very difficult for you to qualify for a new loan from anyone.
If they sue you, filing for bankruptcy will automatically stay their lawsuits. Bankruptcy can, however, ultimately erase those debts forever so you can start over. |
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dolly blaine
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If a person has accumulated a large amount of credit card debt due to multiple credit cards, the need for a proper counseling for credit card debt consolidation can't be understated. Credit card debt consolidation counseling helps a person get vital insights into the facts that can help him get control over the credit card debt.
Credit card debt consolidation counselors are experts with a good knowledge of debt management, budgeting and behavioral patterns of credit card holders. These services are vital for those struggling to manage their credit card debts. Also called credit counseling or debt counseling the credit card debt consolidation counseling brings immediate relief to a credit card holder.
A person seeking credit counseling can get it from two types of organizations. The professional or commercial organizations, and the non-profit organizations. As depicted by its name or categorization, the commercial organizations charge money for their credit counseling sessions and consolidation help on the other hand the non-profit organizations offer free of charge services. Just because the non-profit organizations are free, it doesn't undermine their quality of service. The persons associated with such organizations are thorough experts and have lived the trauma of being under credit card debt themselves and hence bring their vital experience to the credit card holder.
When a person approaches a credit counseling agency, the first thing it will do is to take stock of the situation and get various facts about the credit card debt. The credit counseling agency collects data about the income, expenditure and spending habits. It will guide the credit card holder about budgeting benefits and try to inculcate good financial habits. Read more from: http://www.credit-card-gallery.com/article/353,Credit_card_debt_consolidation_and_credit_counseling_great_tools_to_get_rid_of_credit_card_debt |
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Seament
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Unless your total debt is so overwhelming you can't possible manage, bankruptcy is not a good idea esp under the new law.
Since you have talked to a lawyer (who of course WANTS you to file since that is how he earns his fee) you might also want to talk to the local Consumer Credit Counseling and see what they have to say. If BK is your best option, they will tell you. |
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keith j
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They cannot take ANYTHING !
You go to court and tell the Judge you can only pay xx amount.
That is then fixed, they CANNOT ask for or take any more. |
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Alterfemego
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Random I've heard that if you file bankruptcy they can't take anything as well. But what you folks don't seem to realize is that I and everyone else pays for your mismanagement of money. You're only penalty is you get a bad credit rating for several years. We and our kids pay for this forever. I suggest you seek professional help from counselors to help you manage your money better. |
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