 I have no credit and i need to get a personal loan quick!!? |
i have no co-signer and i need a loan
i haven`t started a line of credit yet!
and i don`t want a credit card!... |
|
 How bad is our debt? |
| My husband and I have a total of about $20,300 of debt all together (credit card and student loans -- heavy on the student loans). How bad is this? I am 23 and going to graduate college in December --... |
|
 I'm 18 years old: no credit, how can a bulid up good credit? |
| I'm getting a cell phone bill in my name and have considered a credit card---the basic rule being that I only spend what I can afford, I had a credit card in the past (in my grandfathers name, ... |
|
 Is bankrupcy better than dept consolidation? |
64 years old, amount owed is approx 25,000 in credit card debt, retiring in 1 year, unable to continue full minimum payments and still keep my car.. (Got in too deep!)
Additional Details
... |
|
 Need nose surgery asap... awful credit. can i get a medical loan with a cosigner? |
| Ok, i have a very severe deviated nasal septum. my nose is crooked and it has gotten to the point where my throat is so torn up (because i can't breathe through my nose at night) that I ... |
|
 I need 4,500.00 to get out of debt? |
| But since I've got a little behind on my payments no one will loan me any money. I need a debt consolidation loan, but all of them have turned me down to. I'm paying out 600.00 a month in ... |
|
 Paid surveys? |
a scam or a gift?
anyone out there actually done it and got paid?... |
|
 Pay it off myself, or go to a credit reduction agency? |
| I'm 23 years old, and I'm 1500 dollars in credit debt. It's impossible to find a renting place for an apartment with the bad credit, so I come to the friendly people here for some ... |
|
 If I signed for students loans before I was 18, am I legally liable for the debt? |
| I started college when I was 15. I signed for $23,000 worth of student loans. My parents did not co sign. Now this debt is on my credit report. Technically, I don't think they can enter a ... |
|
 My husband and I got behind on some credit cards and plan on paying them soon, problem w/ them calling...? |
| A few of my husband's creditors call probably 15 times per day. Sometimes I'll talk to them, they get nasty when I explain the situation and still keep calling and calling and calling. Isn&#... |
|
 Harrassment by Collection Agency, can I sue for this? |
| This is in regards to a credit card. I told them I will pay it off in full when I get my income tax return because I lost my job when I was on maternity leave (differnet subject and now grounds for ... |
|
 Now that WAMU went belly up, what happens to my credit card debt with them? |
| Seems to me that they went out of business and are no more. My debt to them should do the same.... |
|
 Bad credit needs refinaceing a car.? |
My husband has been paying car loan almost a year with very high rate 20%.
He tried capital one but got denied. may be the credit is still not good..
Is that possible that I can be the co-... |
|
 Credit for 16 year olds? |
| hey does anyone know the avialble credit cards avaiable to 16 year olds like a debit card ... |
|
 My boyfriend is bankrupt.? |
| Today he recived a parking ticket from a Euro car parks inspector on behalf of tescos, its a £50 fine. He has on means to pay the fine as he is un-employed, does him been bankrupt make any diffrence ... |
|
|  |
margretg | Is it illegal for a company to sell your account to an outside collections agency? |
|
 |
 
yeah buddy
|
No, they do it all the time. |
|
dragonfire
|
no
but the question is weather or not the new buyer of the debt has legal rights to collect in your state
and weather or not the SOL has run out on the debt |
|
SlapChop Ur gonna love my nuts
 |
No... you stopped paying it... so they have to sell the account to recover money... maybe you should pay your bills... |
|
Jeff
|
Debts can be sold, just like stocks and bonds can. |
|
karen g
|
NO
no more than it is illegal for the debtor to agree to pay but refuse to do so.
If you read the fine print of your user agreement it is in there that they can and will do that (at least for credit cards) I am sure that all contracts have some clause in its legalese...that you must agree to before they extend credit to you |
|
Joebagodonuts
 |
No they actually sell it at a discount, then if you actually do pay, the collections company makes money by you actually paying what you owe. You may be able to get some knocked off your bill depending on what they paid. That's why they are so aggressive when trying to collect. |
|
UW2010
 |
no its not illegal you will get passed on from collection agency to the next if you dont pay from the jump. |
|
Crazyjester9
 |
No, it is not illegal.
And to all the people saying they don't sell debts...you couldn't be more wrong. After an account is far enough past due they can charge it off and sell the debt to a collection agency, usually for less then 10 cents on the dollar. |
|
rauchgirl1
 |
Nope, not if you are late on the payments. You can look up better information under the "Fair Debt Credit Reporting Act". It will explain your rights and what you can do to complain. Most of the time the company has to follow a notification procedure: 15 to 30 days late, a letter, 60 day notification, 90 day demand and sometimes a 10 day demand for payment. Then you get sent off. BUT you have a great chance of negotiating your payment down.
GET any negotiations you make in writing from the collection agency FIRST before you make any payment.
Make sure you DO NOT let them do an automatic draft of your account at all. Not even if they say that is the only way the will do the deal.
Make sure if you do the deal, they have to remove the negative information from your credit report. They can do that, and you want this in writing as well.
Back up any discrepancies you may have with the bill with documentation, and document all phone calls you have with the collection agency.
You can tell the collection agency they are not allowed to call you at all. Not at work nor at home, note the date and time when you make this statement, because they may call you again and then you have the right to sue.
You can look up more information on www.clarkhoward.com. |
|
Helen Scott
|
nope. |
|
greffy
 |
Of course not.
When they start calling you learn some tricks.
I had a guy calling me because I signed for a credit card with my son years before and my son could not pay the card.
The collector talked really fast and was very abusive. So I put the phone down on the desk and had lunch. I don't know how long he was on the phone.
These days you have protections against the collection agency thugs.
Know your rights. Learn to recognize abusive collection practices. Even if you owe a debt, a collector owes you fair treatment and respect for your privacy. Also, be aware that even if the collector's conduct does not exactly match the language of the federal Fair Debt Collection Practices Act, that collector may still be liable for its conduct. |
|
Justin K
|
they don't sell it, they pay the outside company to recover the debt.
what makes it seem that way is that once the do this the original company turns a blind eye to you (why woud they still want to pay one of their people to talk to you further when they just payed an outside source to do it) |
|
cindy abc
|
They don't sell it, they pay a collection agency big money to get you to pay what you owe them. They lose money. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
12 | 33 minutes(s) ago
| | | |
13 | 44 minutes(s) ago
| | | |
13 | 56 minutes(s) ago
| | | |
16 | 2 hour(s) ago
| | | |
13 | 6 hour(s) ago
| | | |
8 | 8 hour(s) ago
| | | |
12 | 9 hour(s) ago
| | | |
13 | 10 hour(s) ago
| | | |
13 | 2 day(s) ago
| | | |
13 | 3 day(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
