 Does this sound like a scam? |
(from craigslist)
I am satisfied with the conditions and price as stated. I will like to make payment to you through Money Order... The check will be drawn from my company account...The ... |
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 HELP......just found judgement on credit file!? |
| I had a loan with a credit union and paid it off (so I thought) back in Nov. 1007. The balance was around $14,000.00. Seems there was still a balance of $979.00 left. The loan was taken out in CA and ... |
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| I have many credit cards: two are from major financial institutions (chase and citi),others are from different stores (express,banana republic, vs)I have about 15 credit cards, is that bad? Should I ... |
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 PROBLEMS REPAYING C/C DEBTS- can we approach the companies and arrange a settlement figure? |
| We are massively struggling to pay off our debts as my partner lost his job...another victim of the credit crunch...we have been taking any work we can get but it's not enough and now we simply ... |
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 I can no longer afford to make payments on my Flat Screen TV. What should I do? |
| I financed it for 3 years about 2 years ago and I owe about $1,600. What If I just just stop making payments and wait for them to come pick it up... Will doing that affect my credit?... |
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 How can I bump up my credit score? |
I have a 560 something and is fair.
I hate buying things on credit so I always buy everything in cash.
Additional Details
I don't have any credit cards.... |
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 I have 3 credit cards (1 is dept. store) but i only use one which is visa, should i close the unused visa? |
| The credit cards that I do use are my department store card, and my primary visa card which i have had for over a year and a half (1,500 limit) the other card i do not use is an amazon visa card ... |
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 Someone I know did something very bad to me? |
| Infact she messed up my credit score when I was trying to help her. I know her social security number but I don't know her drivers license number, how can I get her back and make her pay for ... |
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 Is credit card debt, destroying the life of people.? |
Some people owe staggering amounts.
When you owe over 3K on a credit card and only pay the minimum payment it would take 10 years to pay it off if you mever used it again.
I believe they ... |
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| i have a bad credit rating and would like a store card for one of the major electrical stores or to be able to finance ££250... |
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 Need some advise with dealing with a debt collector? |
| A friend told me to try yahoo answers to get some advise on this. I just recently got a call from a debt collector inregards of a capital 1 bill i had in 2000, he told me i owe 9k, where it was 32... |
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 Need help getting a loan to pay off debt!!!!? |
| I am in a bind. I have poor credit and need to start fresh. I have been denied by every bank out there . I just want to get a consolidation loan and payoff all my debt and make one loan payment and ... |
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| If you take the percentage payoff how does that affect your credit in the long run?... |
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| I went over my credit limit by 11 dollars? |
| My credit card limit is 300 dollars a month, and i used 280, but they charge me my annual fee, and it went over to 311, but i paid off the whole credit card, will my credit score go down?... |
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Princess | Should I file Bankruptcy or Not? |
I have a total of $10,000-$13,000 unpaid, charged off, bad debt in total. This amount is for Bally's fitness, Phone bills, small credit cards, small medical bills, unpaid rent, department store credit, a lot of little things that added up to this amount. Should I continue to establish the few good credit accounts that I have, even still with these excessive bad debts or just flat out file bankruptcy and forget everything. I hear when you file bankruptcy your credit life is TOTALLY over. No one will never give you anything ever. I have a couple of good accounts but 90% bad accounts. Bankruptcy????
Additional Details
I AM 27 YEARS OLD, IF THIS WILL HELP YOUR SUGGESTIONS? |
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alexa dion
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7 most important things about bankruptcy will help you get an answer.
1. Bankruptcy is process adopted by federal court process catering to individuals and businesses repay their debts or clear their debts under the protection of bankruptcy court. Also known as "reorganizations " or "liquidations", bankruptcy is often the last recourse to get out of any debt.
2. When the property of the debtor is sold to recover and pay off the debt it is called Chapter 7 bankruptcy. Contrary to popular belief, all the property owned by a debtor is not sold, some part of it is left with him to allow him to start afresh.
3. When there is no sale of property but the debt are reorganized so as the debtors, are able to repay them over a long period it is called Chapter 13 bankruptcy.
4. Both these types of bankruptcy have a large number of rules, and exceptions, suited to different kind of debts, individuals and other concerns.
5. The "ticket in" is counseling session that everyone who wishes to file a bankruptcy must attend. This session must be attended at least six months prior to filing for bankruptcy. This term was adopted in the new bankruptcy law. Read more about it at: http://www.credit-card-gallery.com/article/226,7_most_important_things_about_bankruptcy |
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lady01love
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It might be in your best interest to file bankruptcy. If you do, your credit life is NOT totally over. It will take a couple of years to get your credit back but the bankruptcy will be on your credit report for 7 years from the time it is discharged. You do not have to claim everything in your bankruptcy. You can have your lawyer state which creditors you wish to include in your bankruptcy and which creditors you wish to "reaffirm" or continue to pay.
As a loan originator I have seen people who have filed bankruptcy with scores over 650 two years after filing. The reason that happens is because they have started to rebuild their credit by getting new credit or paying off the credit they kept prior to filing. I've even seen people buy houses 2 years after filing. You won't get credit as easily for at least 3-4 years after filing and you may have to prove yourself, but you can still get credit.
Filing might even help your credit if you already have bad credit or a horrible score anyway. |
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Studly
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I could use just a bit more info before recommending anything.
Do you own a home/car?
Do you currently have a job/income?
If you read my past answers, you will notice I do not shy away from recommending bankruptcy to people. But I also hate to see people with a small amount of debt do it.
If you have a job or income, you will not qualify for a Chapter 7. If you own a car/home it will also make it harder. But if you rent and have low income this may be a good option. But remember, Chapter 7 costs you more, and with the required credit counseling can cost you well over $1000. I'm working with someone how trying to scrape up $2000 for their BK.
The best test as to whether you should file BK is this. If you were to sit down and right out a VERY strict budget....cancel your cable TV, no more dining out or entertainment, etc....how much "disposable income" will you have left to pay toward your debts? With $13,000 in debt, to pay this off in 3 years you will need $360 a month.
Next, you need to contact every creditor and make a proposal. If all of these creditors will agree to work with your 3 year budget, PLUS agree to delete any negative credit items on your report, then this would be your best way to go.
Another thought...since most of these debts are not very big, it's not likely they will be suing you for them. Few creditors sue for debts of $500 or less. Only when they approach $2000 do you need to begin worrying. So if your credit score is not that big an issue, there are other courses of action you can take.
If you need more advice feel free to drop me a line. Sometimes just having an outsider look your situation over, you can come up with a solution. I just don't like seeing people file BK for under $20k in debt. |
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Ryan S
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Your life isn't over... it just shows up on your bureau for at least 7 years. If it's discharged, it shouldn't be a problem.
Maybe consider credit counseling first before filing bankruptcy. They might be able to reduce or eliminate interest and stop collection calls...
Only problem with both of these is that you can't pick and choose what accounts are negotiated. it's all or nothing. |
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~miss mississippi~
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I know someone who's filed for bankruptcy and still able to get car loans, although @ higher interest rates. If you do chapter 7 bankruptcy, it's like a clean slate so you can start to rebuild your credit. Go to your state bar association's website and look up bankruptcy info before you go that route. I wouldn't recommend it if you have a decent job and your debt isn't huge like over $20,000.
You're entitled to a free credit report every 12 months from each of the 3 agencies per federal law. Just go to this site... |
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heybulldog
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how much do you make a year?
do you own a home? |
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The Real Estate Guy
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You should not in my opinion!
Your balance is low.
You should contact the "Collection" companies and settle for 50 cents on the Dollar. This is if you can pay for at least half of your balance.
Ask for a Deletion letter before you pay and make sure you get the letter first so you can send it to Credit Bureaus.
If you still decide to file for BK, after a couple of years, you should not have any problems, if maintain a good record.
Make sure you leave at least a couple of accounts open so you can keep building your credit back up.
Speak to an attorney.
Good luck. |
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aj485
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The above posters who said BK will remain on your credit history for 7 years are incorrect - BKs remain on your credit history for 10 years.
At 27, BK is a very drastic step to take over only $13k in debt, especially if you make more than about $20k a year.
It can completely change your life - you will find it difficult to rent a place to live, so you will be stuck in your current rental for several years; you may be declined for jobs; if you own a car, your insurance rates may increase; etc.
If you want to declare BK, you are now required to go through credit counseling first. To find a credit counselor, go to www.nfcc.org It is the website for the National Foundation for Credit Counselors, an agency that accredits credit counseling agencies. This way you can find an agency that has been certified that they do not rip off customers.
The credit counseling agency can give you advice based on your specific income and debts. |
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enoriverbend
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Don't file for bankruptcy. You're not in that bad a shape. Find a local nonprofit credit counselor to help you figure out how to gradually put a dent in the debt. |
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Ashu
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i think u should.......... |
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