 Can I be sued in civil court by a 3rd party collection agency over an unsecured credit card debt? |
| I just received a summons to Akron, Ohio municipal court by the collection agency. Is there a way I can get out of paying back this debt?... |
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 Debt collection letter to pay an old credit card from 1999, should I pay it? |
| I received a letter from a collection agency to pay an old credit card debt from 1999. I recently got my credit report this year and this debt did not show up on it, should I pay it? Will this affect ... |
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 I know someone that committed fraud in order to get a mortgage.he is going into foreclosure. what can he do? |
| He is considering filing chapter 7 bankruptcy on both of his homes, but I think they will find out he committed fraud in order to get the loan. What can be done if anything to help him?... |
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 I am about to buy a new car. Should I pay off our credit cards or use the money for a larger down payment? |
I am wondering if paying off my credit cards will help lower the interest rate that will be offered to me or will a larger downpayment be more beneficial. **Please NO solicitations**
A... |
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 Is it neccessary for an adult to have a credit card? Isn't a debit card already enough? |
| Someone asked how to keep financial stability and many people agreed that she should get away from credit cards.... |
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 Can you brake down $35,000 a year by hour (dollar amount)? |
| $35000 a year (salary) = Hourly wage (40 hours a week) How do you figure that out 35000 divided by 34 weeks in a year or something like that...I forgot how to figure this ... |
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 I need cash asap! Please help!!!!!? |
| I had my wallet stolen and the next thing i know my credit cards are all maxed and the cops wont do crap and neither will the credit card companies...as of right now i am about 1,200 in debt, i have ... |
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 Credit card debt? |
| i have a credit card with lloyds tsb and i have spent £2.300 what is my intrest rate if i have to pay £47 back a month,i need some advice to help me pay it off fast,like to switch it or ask them to ... |
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 How do I know whats wrong with my credit? |
| I am 19 years old and I haev tried to get some credit facilities since I was 18. I decided to get a copy of my credit file because I have been refused credit. But the funny thing is, I got 3 credit ... |
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 Credit Card question.? |
have a Sony Financial Services Card, (just like a MasterCard...)and I was wondering if I didn't buy anything on it for a couple of months, or years, would they charge me?
And, If you ... |
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| I've been wanting to try but I'm afraid that they'd reject me. Has anyone ever been turned down for a bank account and if so, why?... |
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 Could I get a loan on a house for 11,000 down? |
| Ok if I had good credit the answer would be simple. Though I dont know my credit score exactly affraid to look lol, I know it cant be great I owe like 12,000 in doctor bills, 2,500 in past due rent, ... |
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kristinelawrence | Is it worth paying off collections or using the money to get a secured credit card? |
I have about 4K in past medical bills from 2 years ago. Would it be worth paying them off, or put a deposit on a secured credit card to help inmprove my credit? |
 |
 
SPIFIMAN1
 |
OK, now that the morality police have had their say I will put in my two cents worth.
There are only 2 times when it makes sense to pay old collections, the first is when they are about to sue you and get a judgment and the other is when you have a written pay for delete agreement in your hands.
The reason for this is twofold, first once accounts go to collections the damage has already been done second when you pay old collections they become current and actually bring your score down not up.
Also anytime you make a payment you reset the statute of limitations which is the legal time they have to sue you in court.
If you really want to pay these, good for you but do it the smart way and demand a pay for delete agreement in writing first, this simply says that in return for your payment they agree to remove the accounts from your credit reports like they were never there.
Make sure everything is done by mail certified return receipt requested.
Good luck. |
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Doctor Deth
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NOT paying the bill won;t make it go away - they can also sue you |
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Sliteofhand
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If you pay your bill that is the best indication if you are a good credit risk.
Pay them off and then apply for an unsecured one to get a better rate; or just get the hell away from them. |
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Katrina P
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Pay off the debt! Don't get a credit card. You will end up in more debt. You can use a debit card, and you will only be spending money that you actually have. You don't need the credit. I have 2 car loans and am buying a house, and I have never had a credit card, and never will. |
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Anjell
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Well your credit will never improve beyond the collections that will just be sitting there for a while. You accounts are from only 2 years ago, so they are going to be there a minium of 5 more years. If you get a secured card you score will go up 1-15 points and then your collections will take it back down 50-100 points. Pay off the collections, see if the creditor(s) will do a pay for delete option and THEN get a secured card. |
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Reggie
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Pay off the bills.
A secured credit card is a joke. You send the company $500 and they send you a card that's got a $500 limit. When you make a $100 purchase, they use $100 of the $500 you already sent them to pay for it. Your bill is being paid with money you already sent them! They're not taking a risk on you. |
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Chanteuse_ar
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As long as you have those unpaid bills, your credit won't improve much and even if you do get a new card, those bill collectors will continue to call.
Best to pay off the debt so you can start again with a clean slate and a clear conscience. |
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The Central Scrutinizer
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Pay off what you already owe. Nothing's going to get better until you do that. |
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Mindstate555
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Pay your bills off so it will not bring down your credit score. |
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Fuzzy Wuzzy
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use the money to get a new car and a handbag to match |
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Jamie W
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Getting a secured credit card with a legit bank is definitly a good idea to build your credit. However, you credit score wont go anywhere without clearing up your old debt. So sad to say, you should probably pay off your debt, or at least work out a payment plan for it(that will show up favorably on your credit score) and when you can afford it, getting the secured credit line and maybe even an unsecured one, if your credit has gone up enough. |
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MLE
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Pay off your bills, don't get another credit card. Paying off your bills will help you improve your credit. |
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miss.bananahamack
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hmmmmmmmmmmm maybe baby |
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