 Is it true that after 7 years your debts get wiped off your credit report? |
| I've heard, but not sure if it was correctly, that if you've had a debt for 7 years, it automatically gets wiped off of your credit report, and your credit score returns to normal. Please ... |
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 Where can I get a mortgage loan with a credit score under 500? |
Additional Details
I filed a chapter 7 bankruptcy. It has been discharged for 3 years. I have reestablish several lines of credit. I've had some identity theft and someone keeps ... |
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 Does anyone know of a good credit card that I can do a balance transfer on? |
| I have a total of about 6,000 in debt from little credit cards that Im wanting to put together and pay off but I need something that will give me a apr of 0% for 12 months. Does anyone know of a good ... |
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 I have been contacted by yahoo that I have won (250,000,00) USD? |
| and a person named Barister Adam Adamu is calling me to send Euro 485 to coolect the prize. Shall I do ... |
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 How do I go about declaring myself bankrupt? |
And what's involved? How much does it cost? How long will I not be able to apply for credit?
Additional Details
Some of you people really need to confirm the information you are ... |
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 If a co-signer of a loan files Bankruptcy, does it affect the other's credit rating? |
| I think the question speaks for itself, but my mother=in-law has a situation where she co-signed a loan a number of years ago for someone's car. He's missed payments and basically screwed ... |
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 How long does it take for a car loan to appear on your credit report? |
| My husband and I both need new cars. We have an average credit rating. Will the 1st car purchase (we will have a down pymnt) make it harder for the 2nd car loan (w/ $4000 down & trade in worth $8... |
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 What is a good way to get good credit? |
| im still in high school and im turning 18 soon and i have a job, is it possible for 18 year olds to start building their credits record? if yes how? im thinking on opening a bank account as soon im 18... |
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 Can or when will i be able to get another home loan? |
| it will be a year in november when i bought my house. i want to move and my father who has poor credit and can not get a loan wants to buy my house. is there any way i can owner finace and still be ... |
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 Bankruptcy .......I need help please : (? |
| I have a huge bad debts that mount up over the years. I am in really bad shape and every month I'm just servicing the minimum sum for over 10 credit cards and 5 overdraft facility. Am at the ... |
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| If someone dies and they have a lot of debt, can creditors go after that person's children to collect? |
Is there something that should be done as a child of the deceased to protect your credit, assets, savings, etc?
Additional Details
The deceased was not married, but had a live in ... |
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 Debt settlement or bankruptcy? |
| Just finished school, and right now i cant pay all my bills, my credit sucks, and not sure what i should do. Is it better to do debt settlement, or bankruptcy, or just like the bills continue to go ... |
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 Why was my credit score lowered? |
My credit score was not perfect because I had "TOO MANY INQUIRIES W/IN THE PAST 12MOS".
I don't get it, I have not applied for credit cards, so who would be inquiring? & how ... |
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 What is the best card for me, AMEX or visa? |
| Im gonna be going to college and which one has the best rewards and cheapest to ... |
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 I'm 21 and need to build credit? |
I'd like to build some credit. As of now I have a checking account and have had a phone contract since I was 16.
What else can I do to build credit? I know a credit card... but I'... |
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 Which is the BEST credit card to use to get the most rewards points? |
| also would like to be linked to a frequent flyer program and have a high limit as for company use...... |
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ssr | I owe money to credit card , want to leave canada for next 5 years ,then what are the problems i have to face? |
hi,i owe money to credit card companies,but still im maintaining good credit ,but im facing heavy financial problems without having stable job ,now im planing to look for some other job in other country and i want to leave canada for next 5 to 8 years .again i want to come back .what are the problems i have to face .are they going to chase me out side canada .is it going to be problem when i re enter in to canada .what are the best solution please let me know. |
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freddie1157
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You cannot be extradited back to Canada for a debt - that is only for criminal charges. Depending on where you are moving to, it is possible for the credit card company to sue you, then register and try to collect the debt in the country where you are living. Is that likely? Depends on the size of the debt.
No doubt the credit card company will sue you and obtain judgment. The judgment will include interest and lawyers fees. When you return, they will make attempts to collect it from you, such as a garnishee on your wages or seizure of your assets. And, you will not likely be able to get a credit card or loan for a long time.
Are you leaving Canada just to run away from the debt? That's dumb. Talk to a Bankruptcy Trustee or a Credit Counsellor. There are other options. |
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Devin S
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You will have no problems. Credit reports dont carry over from country to county, however, certain banks will look at them if you want them to for credit in the new country. When you get back though you will run into problems because they will all be charged off and ruin your credit if you dont make payments. |
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redvelvetflames4ever
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The only benefit is it may be unlikely they will chase after you in Canada, but when you return to the States and look for employment not only will this show up but more than likely it would have already been through the civil courts and you lost. Meaning? The minute you come back any assets you begin to attain now belongs to them to get there payments. If I were you stop using the credit cards and consolidate. Start paying them up. Or you can close your accounts and pay nothing over the next 6 months and negotiate with them a pay off settlement. It hurts your credit history, but at least you won't have to worry about them taking you to court (whether or not you appear the case will be heard and you will lose.) |
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big tank
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all of you have to do is tell them syle the wasjv |
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ptstrobl
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You know you'll ruin your credit, right? Different states have different statutes of limitation.
Texas for example is 4 years. So theoretically, if I stopped paying for 4 years, and the collection agencies called me, I could just say, "I have an absolute defense--the statute of limitation has run out."
They can still subpeona you, but if you keep good records, you should be in the clear.
Of course, if they can prove that you intentionally left the country to avoid paying your debts, a judge may not be so lenient. |
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kamaole3
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If you decide to bail without letting the card company know what you're doing, you will undoubtedly screw up your credit rating. Phone them and tell them that you are having financial difficulties, and ask how you might be able to set up a payment schedule that you can reasonably handle. |
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Matt
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Piling up interest, and the threat of extradition if they are serious enough about getting their money back. Why not just get a different job in canada? |
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nitebearer
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Have you tried a credit counsellor? If not look in to using one as they have a way to arrange loans to consolidate the card payments and make one low payment or lower payments per month and you get to keep a not bad credit rating.
If you can't keep a decent job have you tried two jobs, a day time one and working for UPS or Purolator or such for 4 hours or so every nite (extra money).
Leaving and not paying or making arrangements for lower payments will give you a bad credit rating and make it hard to buy a car, house whatever when you return. |
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Jazzy
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I've always considered that too. Get a lot of credit cards and max them all out on a shopping spree, then move to another country and try to escape debt. LOL |
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Cinnamon
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There is a book out there called zero credit. Meaning shows you ways to pay off your credit. For starters change your pattern of spending. Pay more than the minimum. |
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