 Old Credit Card Debt? |
| I recently received a letter from the court requesting that I pay my outstanding credit card debt from a few years ago. A couple of days later, I received a call from a Lawyer demanding that I pay ... |
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 Debt consolidation? |
| I have many credit cards and bills I can't keep track of them all. Are there any companies I can call that would lower my payments and combine them all into one payment? Are they free because I ... |
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 Is there an easier way for me to pay off my credit card debt? |
| ok, I'm only 20 by the way, but I did have 8 cards before I canceled 1 not too long ago, the limits start from $300 and go up to $1700 at my highest and I only bring in $650 a month for now, I�... |
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 How can i fix my credit? |
| ok one day i whent to my bank and tried to get a credit card and i just graduated from high school well they wouldnt let me because they said i had bad credit well i was thinking well i have never ... |
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 1. I'm trying to fix my credit.I'm making car payments on my vehicle but it is under my sisters name.? |
| I still owe about $9,000.00 on it.what can I do to get credit for making my ontime payments.? My credit score is low and I want to build it ... |
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 Which is better? One credit card with $10,000 or two cards totaling $10,000? |
Additional Details
The limit on one card is $20,000 with a 4% rate right now. The limit of the other is $7,500 with 0% rate. Which is better for my credti score?... |
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 My friend got a certified letter? |
| the mailman is trying to give my friend a certified letter from a credit card company. she wants to know what will happen if she just doesn't answer the door and doesn't sign for the ... |
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 I'm the one that thought she was in $97,000 credit card debt. Come to find out the atty that sent the summons |
| had put the wrong amount in the paperwork. It's $9,700. Can I sue the attorney for mental anguish. (Got the paperwork on a Friday and had to go the whole week-end thinking the worse). Felt ... |
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 How do you get a mortage with horrible credit? |
Additional Details
Give examples of companies willing to do so, I have a close friend that is desparate, her boyfriend has ruined her credit. And I'm wanting her out of my house!!... |
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 Help!! I want a Credit Card But Im Only 20!!? |
| I got a offer in the mail from capitol one! It said something about the interest rate being 9.9% I want to know what is affordable for me! For example I have a full time job where I get paid $10 and ... |
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 Ive been delined by my bank (barclays), captial one said no!? |
| who will give me a credit card no matter what the intrest is, im killin myself at the mo. no dough,... |
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 I need a straight answer for my problem? |
| i lied about my age to get a credit card i said i was born in 1980.the year i was really born was in 1990 and i really need to know if anything is gonna happened to me now or in the future please im ... |
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 Credit card debt and new baby on the way? |
I know this sounds like a CRAZY question.
My husband and I currently have about $2,800 in credit card debt. We are also expecting our first child at the end of January '08.
Has anyone ... |
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danny.ruston1@btinte... | If a dept agency traces me after 10 years do i still have to pay that dept. if so could i pay part of it? |
i had a dept with a bank over 10 years ago and a dept collectors agency have recently traced me. do i have to pay the dept. i have never spoken to the bank about the dept and i had forgotten all about it until i received a letter from the dept collectors. if i do have to pay something could i get it reduced as i have nothing left each month as i've now got 2 kids and a morgage and other depts i've got to pay off. |
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Lindsey
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usually debt companies will settle for less than you owe if you pay it off. Otherwise if you don't it will hurt your credit. try to work with the debt company and get rid of the debt before they take it further and try to sue you. |
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Mephistopheles
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The Statute of Limitations applies to this - and it expires after SIX YEARS (Sorry Jools my Dear - you're wrong - the THREE year time limit applies to Personal injury claims).
However, the point is academic, since according to your question the debt has been outstanding for 10 years. Accordingly, you tell this debt collector to stick his demand for money wherever it's most uncomfortable for him.
Furthermore, if S/He persists in contacting you that is tantamount to harassment - which is now a criminal offence.
Good luck my friend. |
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taketwo
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you have to negotiate method duration of payment. |
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jools
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no, they only have a certain number of years in which to try and get the money off you. its about 3 years so there is no way they can chase you for it. Get in touch with the 'consumer credit counselling servie' they are a registered charity and will give you free advice about anything to do with debts. I have used them and I can't reccommend them enough |
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Sly_Old_Mole
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Contact the CAB as so as possible & ask that they contact the bank on your behalf - they will let you know if you have to pay or not - last year they got me out of a £20,000 debt - do not reply or phone bank untill spoken to CAB. |
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kevin
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apparently after 7 full years your debts are null and void so long as absolutely no contact has been made between either of you, if you made contact even by answering the phone to them you still have to pay them.
http://www.debtfreedirect.co.uk
ask them for advice. |
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Susan G
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To the best of my knowledge you do not have to pay this debt nor should you as paying it will adversely affect your credit. Simply tell the debt agency that you do not acknowledge the debt and tell them not to call you again. Check your credit report in the next two months to make sure that the debt has not been added. If the debt is over seven years old it is not supposed to be on your credit report. If you pay anything, it will become a new debt and will stay on your report for the next seven years.
This debt collection tactic is gone over in MSN money under zombie debt collectors. I suggest that you read all of the articles in this section as they are very informative and will keep you from making a serious error that adversely affects your credit. |
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MIKKI
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Call them and let them know how old it is explain to them that if they can reduce the fine it would be greatly appreciated and you are willing to make payments on the debt and see what they say!
I had one with an Xb/f of mine in OR when I lived out there... he over drew the bank account after I moved back home to NJ. # years later I was to get married and buy a house and that was on my history and they wanted me to pay the whole $500! I sent then $250 and gave them my Xb/fs # and address and said get the rest from him since it was his fault and I did not live in the state at the time of all the withdrawls and etc. and never heard from them again. |
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stopccdebt
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The best action is to take none. If you contact the collection agency, the only purpose should be to request no more contact because it is inconvenient to you.
This debt is likely well beyond the statute of limitations (check the laws in your state) and should be removed from your credit report. If you are looking for why they are pursuing it, the following article should make it crystal clear. |
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dragon
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i'm pretty sure you would. Depending on the place though, they may offer you some kind of deal...like paying half and being done with it. It really depends on the place. But they are not going to let you get out of it. Its still YOUR debt. |
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Avalon
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yes you do |
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sultrylilmomma
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There is no time limit on a debt that you have incurred. It is a purchase you made and are legally liable for no matter what. However, when the debt collector has had no luck in getting the money from you, they will usually allow you to make a settlement lump sum payment around 50-70% of the original debt. |
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unicornfarie1
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Yes you still need to pay the debt. It's your responsibility. |
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