 I had a Mastercard that has been in collections for 4 years. The collections agency is calling me everyday.? |
| I came into hard times and lost my job a few years ago. Things have gotten better and I am in a better financial state so now I am trying to work on clearing up my credit. I recently pulled my credit ... |
|
 Visa Mastercard U.S. District Court Settlement? |
| Has Anyone received a Visa Mastercard settlement notice, where you have to apply to receive money back if you purchased anything internationally between 1996 and 2006? Is the Real? How exactly this ... |
|
 I was approved for a personal loan by Countrywide credit corp-has anyone ever heard of them and is it a scam? |
| I have bad credit and it is a personal loan but they want me to put down a security deposit of 1300.00 and to Western Union it to them and they will put the requested loan amount in my account ... |
|
 Mortages, been paying for 30 years even though it is contracted for 25 years? |
hi,
ive got a mortage back in 1976 which was for lets say £9,000. it was for a 25 year period. to this day im still paying it and still got about another £5,000 left to pay, never ... |
|
 What is a good Make money online site? |
Hi,
Can you help me on what are good money making sites? I Live in the Philippines and I want a site that pays you for making written stuff like Journals, Vacation stories, Essays, ... |
|
 Mortgages for people with low credit scores? |
| Need suggestions for reputable mortgage companies, loan companies, banks, who loan to people with low credit scores.... |
|
 How can you determine a check is good without going to a bank? |
someone send me a check i want to find out if it good before
cashing it.... |
|
 If you have a credit acct that is charged off, can they still send you to collections? |
| I have an account that is charged off. Which means the creditor wrote it off as a loss. Can they still send my file over to a collection agency to collect on it? I now have a collection on my ... |
|
 Photo ID required when using a debit card? |
| I just got a debit card, but unfortunately, due to a variety of circumstances, I have no photo ID. My question is this: do you need one to use the debit card? I know the pin number and everything. I&#... |
|
 Raising credit score in 5 months? |
| My husband and I are hoping to buy a house in the summer. Right now our credit scores are in the low low 500's. We have about 5 collection accounts ranging from 2003-April 2007. I paid off ... |
|
 A lot ofbusiness won't accept credit card purchases under $10 now. Can they do that? |
| I saw a report on the news that said credit card companies do not like that when merchants do that. They said to call their customer service line and inform them of which businesses are doing that.<... |
|
| Question about credit cards.? |
Im not really sure how to ask this but here it goes.
Say you get a credit card with a 10% amount interest rate.
You go to the store or wherever and spend $100.
When the bill comes, ... |
|
 I have credit card debt $5,000 worth, a car payment of $480.00? |
| I make on average $1,600 a month. I have credit card debt, rent, and car payment. Not to mention maint., food, GAS, clothing, emergency. I can barely save. What do I do. How can I refiance my car if I... |
|
 If someone finds bank/cardit cards and they know the pin number, can they use it and get away with it? |
Additional Details
people said on here they can get caught for first time but how unless if they is ... |
|
 Will people actually sue me if I won alot of money in the lottery? |
| If I would have won the $273 million Powerball Lottery, will people line up to sue me? They say get a lawyer, but for what reason other than to fight off lawsuits?... |
|
 College Student with $9000 in Credit Card debt? |
| Wow! I started overcharging an exorbitant amount, and have now shredded my credit cards and need to stop interest from accruing and stop collectors from calling. I'm going to be in college for ... |
|
 I have won a lottery how I can receive money? |
I have bought through internet a lottery to me the message has come that I have won the certain sum
There write that I can them receive and I have filled in the questionnaire but me the answer ... |
|
|  |
Stacey T | My 86 y.o. grandmother can't pay her credit card bills!? |
My grandmother lives on social security & has had c.c. for many yrs & owes a few thousand $. The credit co. have been calling her multiple times daily for $. She pays them a little bit per month, but cannot make the minimum payments. She is talking about filing bankruptcy, however she does not own anything & is it really necessary to do so? I offered to speak with the c.c co, b/c I'm sure they're taking advantage of her circumstances by raising her interest rate, adding late fees, etc. Any advice how to proceed?? Thanks |
 |
 
Jill knows best
|
Hello I was a debt collector for 3 years. I am still ACA certified. First it starts with writing a cease and desist letter to the collection agency or credit card company that she owes to cease any communication between your grandmother and the company in question. State in the cease and desist letter to stop call communication with her. Then if you want to be dealing with this debt instead of your grandmother then you would ask your grandmother to give you power of atty over her debts and assets. You can then call the company she owes to see if they will lower the intrest/settle on the debt/ set up a pmnt plan that your grandmother can afford/ and if necessary you can also look into bankruptcy. Bankruptcy is not good for ones credit but because of her age im guessing she has everything she wants anyways. If her only income is SS they cannot garnish that what so ever, and not to mention SS is often not enough to cover ones bills that they do have. When you talk to the creditors/collection agency be very up front and let them know that (they cant call you because of the cease and desist but you are trying to do the right thing by calling in to talk to them. find out what they can do for you) If you get someone nasty keep calling back tell you get who you want to talk to. You can also ask for a supervisor. If they dont allow you to talk to one let them know you have it on recording. You can also file a complaint with the atty general and the better business bearu. That might get their attention. Those numbers can be found in your local phone book.- good luck |
|
Diana H
|
First, write them a letter and tell them that she no longer wants to be contacted via phone. Any future correspondence regarding her accounts needs to be sent to her in writing. That should stop the harrassing calls. Then, have her contact someone like Consumer Credit Counseling. The non-profit services is free to consumers and they will work to set up some type of payment plan that SHE can afford, not dictated by the credit card companies. They then call the credit card companies and tell them to call them if they have any questions and they stop contacting her. Some cc companies will also stop the interest once you join a service like this.
For grandma its nice because she pays what she can afford and they stop calling and harassing her and she doesn't have to go through a banruptcy which would probably be stressful and expensive b/c you still need to do financial counseling before and after which is $100, then you need to file which can cost you $400+ if using an attorney. |
|
nickynoodle
|
Tell cc company that she can't pay, I would not recommend bankruptcy. She's 86 years old What are they going to do throw her in jail,take her posessions. Call cc company explain the situation ask if they will stop adding late fees,raising interest etc. If they don't want to cooperate with you contact a credit counseling service and they will help you solve the matter. P.S. Use a non profit credit counseling service (phone book) they don't charge and they are legit
Sometimes family members will be responsible for their family members debt upon their death, try to work out a a solution |
|
miatalise12560
|
find a company like Preferrred Financial Solutions who will stop the late fees and the escalating balance and make arrangements for a low monthly payment.....your grandmother will not have a credit card and since she's been living off it (obviously soc. sec. isn't enough) you and other family members may have to help her out with daily needs. Let's face it....she's 86.....the credit card company really can't do anything to her once she passes on.....why does she need to ever pay them back? Does she own her own home? If so, perhaps she could sell it, pay everyone off and find a more financially reasonable way to live....you should be concerned about her future, what if she needs a nursing home? Who will pay? |
|
beccasmom99
 |
My grandmother's going through the same thing (only she's around 70). They can't garnish social security and if she doesn't own anything - they can't take anything. She told them that over and over and they still took her to court. Her attorney went in and five minutes later - it was all over. Just have her send a letter asking them to quit calling. They have to or they'll be in violation of the FDCPA. In the meantime, have her keep making the payments she can. |
|
janice h
|
Call the credit card companies and tell them exactly what you have told us. If you do not get any cooperation from them go to an attorney and file for bankruptcy. Be sure to take away all the credit cards. You may want to take a look at her other financial dealings. Be sure she is current on her utilities and rent. |
|
DLeibowitz
 |
I usually write the creditors a letter telling them that grandmother is judgment proof. It usually works. |
|
ALFimzadi
|
Has she considered using a Consumer Credit Counselor? Doing so will stop the credit cards from raising her rates, may actually be able to reduce some of the late fees that she has been charged, and they will be able to combine her payments into one monthly affordable amount. Not all credit companies offer it, but some will give her a hardship status, which could lower her interest rate and make a lower monthly payment if she goes directly through them, but some companies don't directly offer this and will require her to go through the credit counselors. But this option will prevent her from filing bankruptcy. Otherwise, at her age, would filing Bankruptcy affect her greatly, as there are two bankruptcy types (one they can sell possessions to repay debt, the other one they don't). Also, the credit card companies are just following standard procedures that are outlined in her agreements with them, that when the full minimum due is not paid, they will charge those fees as well as raise the interest rate, and do this across the board, and you must realize they aren't just singling out your grandmother, but their computer systems automatically do this on all delinquent accounts. If she is leary about bankruptcy, the Credit Counselors are the best way to go, and will stop all the additional fees and interest rate hikes. |
|
Cornell is Hot!
|
i cant see how family members can be responsible for someones debt............... that just dont sound right!
i wouldnt worry about it, i would go as far as letting it go and not paying anything, like the other person said, what are they going to do "throw her in jail" NOT. she would be better off keeping her money to live on. they will call but just do what i do "hang up on them" dont say anything. all they will do is try to scare you and argue. and if she is on social security they cant sue or garnish. |
|
The Mysterious One
|
Tell them the next time they phone that she has passed away and that they should not call anymore. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 9 minutes(s) ago
| | | |
10 | 35 minutes(s) ago
| | | |
10 | 3 hour(s) ago
| | | |
10 | 8 hour(s) ago
| | | |
5 | 11 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
8 | 6 day(s) ago
| | | |
10 | 1 week(s) ago
| | | |
10 | 3 week(s) ago
| | | |
10 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
