 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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 What credit cards would u reccomend? |
| im starting off on my credit i wanna get some suggestions on low rate credit cards for a "beginner"... |
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 ARE YAHOO CENSORS A LOAD OF Rubbish? |
| Post someting vaguely rude and you get your question removed, post disgusting adverts for RIP OFF LOANS AND CREDIT your posting will remain for ages! Comments please.... |
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 Advice for a young student with credit card debt? |
| When I turned 18, I made the grave mistake of applying for credit cards. I was so naive that I charged like no tomorrow. Now, over a year later, I find myself in financial debt. I owe about 4 K to ... |
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 I just received a check that I don't know where it came from in the mail? Do I cash it or not? |
| It came in the mail via DHL and was written on December 3, 2008. It has a name and address on the package where it came from and it has my full name and address as the recipient. The check is for $3,8... |
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 I need some debt advice? |
I have debts of £5000 from credit and store accounts. My income in £8000 and my minimum monthly payments for both my credit and store cards are £250-300, which I cannot afford to pay.
I... |
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 How do i get a loan if im a minor? |
| I need the money to buy a used truck. I just recently crashed my parents. How can i do this? I would ask one of my good friends who is 18 but they dont have an established credit score so the ... |
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 How can i get a loan when i have never borrowed before? |
I am having problems getting a loan and i think it is mainly because i havent borrowed before.
How on earth can i get one though when i havent got a credit history?
I have been ... |
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 My Mom Want's One of My Credit Cards? |
She Keeps asking and I keep beating around the bush about it. I really don't want to give her one. I'm already paying off some of the things she asked me to get with one of my card.
<... |
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 Im 14 and want to get a check card.? |
| I dont know much about them. My mom tried to explain but she dosnt really no either. Can i use my savings account or do i need a checking account. If i am asked to show ID can i use my school id? Is ... |
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 How can you check your credit report if you don't have a credit card? |
| I don't care what anyone says, the three main credit report sites all require a credit card to establish an account. I just want to see my credit report without a credit card. If your answer is ... |
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 Should I pay a ten-year old delinquent account? |
I received a letter from a collections agency a few days ago. The agency is trying to collect on an a ten-year old phone bill that is now in the hundreds of dollars.
The delinquent ... |
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 Question about responses to Online Credit Card Applications? |
| If you apply for a credit card online, and it does not give you an instant result...but rather says they will notify you with a decision in 5-7 days and gives you a reference number....that is ... |
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dawg_fatherca | 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 the debt immediatly. I currently don't have the funds to pay the debt in full and have been informed that they will be charging me 9% interest each day on the full balance. Does anybody know what my options are?
Thanks! |
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grierGRIER h
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Credit card debt can sometimes be like a bad penny that keeps turning up. Obviously, the only wise course of action is to pay bills promptly and never get oneself overextended. But for those who have found themselves drowning in credit card debt with no way out, this hasn't always been an option.
Compare Credit Cards for Bad Credit
In cases where people have been unable to repay a credit card balance, the lending bank normally is forced to "charge off" the amount owed. The banks will usually do this after a period of time, such as after 3 – 4 months of delinquency. But this doesn't mean that the debt has been erased, by any means. It is more of an interim accounting measure on the part of the bank to reclassify the funds that appear doubtful in terms of repayment.
so pay it off.
get solution about your credit card problems at: http://www.credit-card-forums.com/forum/ |
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Lisa S
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i'm sure if you explain your financial situation, you should be able to come up with an agreement that you can a pay a small sum each month. I have two debt colectors after me but i have made agreements with them, i make i sure i never miss a payment. I'm sure they will be helpful, just to say to them that by law they have to accept what you offer or otherwise its going to cost them a lot more for them taking you to court. hope this helps..just ring them and explain |
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stopccdebt
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You should first find out if the debt is even collectible. Every state has a statute of limitations on written contracts. The newest trend in debt collection is the aggressive pursuit of debts that you no longer are liable for. Collectors buy these accounts for a few cents per hundred dollars, so anything they collect is profit for them.
If the statute of limitations has already passed on your debt, then you owe them nothing and can request that they cease and desist all contact with you regarding that debt.
If the statute of limitations has not passed, they have until that date to pursue a judgment. |
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LV
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Most companies are willing to settle with you meaning that they will allow you to pay a percentage of what you owe. If you don't have the funds available to you, contact the company and request that they form a settlement with you. Remember, these companies use scare tactics to try to get money from you so don't be easily swayed by their threats.
If you end up writing a check to them for the settlement amount, make sure to include an endorsement in the back saying that you are paying in full and they will close the account after the payment. When they cash the check, they agree to the endorsement and cannot seek the rest of the payment.
They do have the option of sending the check back if they do not agree with the endorsement, but at this point I'm sure that they just want their money.
Make sure to keep a better hold of your credit from now on, every major purchase in your life will be based off of that number and it is extremely important that you have control of it.
Hope this helps! |
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-Bibee-
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First of all, screen your calls, creditors will hound you to pay debt regardless of what you tell them. It is illegal to threaten you so if you do speak with them record it if you can. Get in touch with a debt consolidator. Sometimes they will give you free advice on what to do and what other options you may have. If they aren't willing to budge with a payment plan of some kind, then a consolidator can definitely help you on your behalf. Expect fees though. |
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Jay
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I'm surprised that the account didn't close out. This lawyer sounds suspicious to me. If it was from years ago, they wouldn't contact you now demanding money. Plus, after that time has past, they cannot legally charge 9% intrest each day.
FYI, they cannot threaten you to pay in full, it is against the law. I suggest you pay it, but if all you can afford is $5 a month, then that is all they will get and will have to deal with it.
Attempt to pay, is an attempt to pay. If they bring you to court for not paying the full amount, thats when you tell the judge that you are making attempts as best as you can.
They are just threatening you, pay what you can. I suggest seeking legal advise from a free legal service. Like www.freelegaltree.com
Good luck to you |
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Baby
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pay it off win you can as quick as you can |
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Studly
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Something is wrong here.
For starters, the court does not send you demand letters. At best you would receive a copy of a judgment. That means that a judge has ruled against you and given a default judgment to the collector.
That in hand, why on earth would they still be harrassing you? They would just start garnishing your wages or freezing bank accounts. And they do NOT charge interest on a daily rate.
So my first impression is that you have a collection agent lying through their teeth and trying to scare you. Just from what you stated in your question (if it's all true), the collection agent is in violation of 3 laws already, and could be sued under the Fair Debt Collections Act.
Email me if you need further help with this. I'm not a lawyer or credit counselor, just someone who actually does their research and understands the law! |
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Whatcha Doin???
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Listen, I was in the same boat and I work for attorneys that told me to write to each of the creditors that I owe money to and state that I am going to pay ____.00 a month and and that to please stop harrassing you. You have made an aggreement to pay and if they take you to court make sure you have copies of the letters so that you can prove that you are indded wholeheartedly attempting to pay them every month. They can't come after you. You are paying them back even if its 5.00 a month!! The bottom line is they are recieving a payment from you! It worked for me and I recently settlled 2 of 4 credit cards!!!
Good Luck let me know how it goes, They won't deny payment, they want some kind of money, because they would rather get something rather than you applying for bankruptcy and them not getting anything at all!!! |
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Zebra4
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Contact a local credit counselor or bankruptcy lawyer, find out what your rights are, and stand up for them. But really, 9% isn't that bad considering what the IRS does! |
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GrnEyedBandita
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I would do a search on this so called "law firm" some of these places claiming to be lawyers are really just collection companies in disgusie. You would have to have a pretty large Credit Card debt for them to bother taking you to court to garnish your wages. They wont do it just for a couple of thousand dollars |
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roxiecat4200
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They may take you to court and the court will order payment which may come from garnishing your wages. Call the lawyers and make sure they are a law firm not a collection company and request a payment schedule with terms that you can afford.
I can't imagine that they could charge you 9% a day...that's outragous! |
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john t
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pay it |
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