i tried a credit card one time a decided that it was the dumbest idea ever to pay $100.00 for a $75.00 item and wont do that again my score is below 600 and i need to raise it. Im going to pay off ...
So I currently have three credit cards:
-- American Express, limit of $12,100, a $2000 balance and I've had this credit card for 7 years
-- Bank of America, limit of $4000, a $0 ...
i know someone that went to a hospital and got a big bill .. and he decided that he wouldnt pay it...he says it will be bad credit..what is that really..and can health care have bad credit?...
When I turned 20 I signed up for a credit card (after lots of research). I got one with a $1,000 limit, and 15% APR, which has since dropped greatly. I paid for my college textbooks with it to the ...
the loan was processed through my email and the processing fee was debited from my account and i never receive the loan. the name of the website is approvalswithbadcredit@akwbi492c....
overseas websites I am interested in always say visa credit card and dont mention debit card.I assume a debit card is virtually the same in that they know they will receive payment ?...
Can those bills then be put on your credit record from the deceased family member? Can the family lose what they have due to what the relative left behind? What if they don't have the money to ...
My credit card payment is due on 24th March however I don't get paid until the 28th. I will pay it off in full when I do get paid but until then I can't pay a penny.
Will this ...
jwsiriusjw
Is is legal to sell a bad debt to a collection company and they report the same debt on your credit report?
I had a credit card I defaulted on and they sold it to a collection company and the collection company put it on my credit report as well as the credit card. company.
Most of the posters are correct in saying both the original creditor and the collector can report the account at the same time.
I just wanted to add that if the original creditor sold the account or if the collector is also reporting, then the original creditor "must" report the account with a zero balance.
If the original creditor is not reporting with a zero balance then they are violating the FCRA and you have a legal right to dispute the account for that violation.
XoxoxoxoX
Why not? You still owe them money, and that need to show on your credit report as part of you default (negative), how you handle the money you owe to lenders. Why do you think lenders look at your credit report to see if they should approve a loan to you or not?
Classy Granny
It's the same debt and will show that way on your credit report.
george 2
not only is that legal but sometimes when you file for bankruptcy and are cleared of a debt the bank will sell that to a collection agency and then they put it on your credit report even though you no longer libel for it.
src50
Yes - the credit card co. will show it as a writeoff. The collection agency will show it as an unpaid debt, which it is.
stinkypinkyteddybear
I thought that credit companies bought the debt from the lender and not the borrower. it is legal as far as I know.
buck
yes
kldded
It is impossible to get this taken care of. I had the exact same problem and I PAID MINE years ago! I have made phone call after phone call to the new company and the old company and the lawyer who handled the payment and have gotten NO WHERE! I hate to say it but just sit tight until it falls off in 8-10 years. I know it's awful but it's better the accept it and move on and wait for that wonderful day when it's clear than to make yourself sick over it.
peilthetraveler
Actually, you can get one of them deleted off yoru credit report if you let the credit reporting agency know that its a duplicate of the same debt.
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