 I keep getting harrassed by this credit agency. I spoke to them and told them that my debit was b/c of them... |
| they were suppose to take money from a bank and the took it out from an old one and i told them to fix it the day it was supposed to be due and they said okay and they took it from the account that i ... |
|
 Which would have the biggest impact on my credit? |
| I will be getting a lump sum pretty soon and am trying to determine which would best help my credit--pay off 1 or 2 of the larger loans then pay monthly on the smaller ones or pay off several of the ... |
|
 Credit Repair? |
| Can anyone recommend a reputable credit repair company in the Arlington, Tx area?... |
|
 Credit Score? |
| I just ran my credit score through freecreditreport.com and it shows my credit score a 9002? Is this correct? I am ... |
|
 I have really bad credit but my husband has excellent credit, a few creditors called? |
| and said that they would put a lean on my husbands house (its only in his name) would it be best for me to bankrupt $20,000?... |
|
 Debt: Is it ok to show-up to the financing firm after 9 months of non-payment? |
| I had a loan to this certain financing firm but was out of the country for almost 9 months now. Now that I am back, I was thinking of showing-up but I am scared of the consequences since they have ... |
|
 Credit report? |
| Does anyone know how I can see me credit report without paying or having to use my credit card? If you go on free credit report.com you can't continue without giving them your cc #. Any ... |
|
 Help with credit card debt? I have a situation.? |
| I have about 25,000 in credit card debt,all of them under my business name. The business is no longer exist. The business is partnership. I can not pay for my credit cards anymore. i have been paying ... |
|
 Credit Card for Student With Bad Credit? |
| What is the best credit card for a student with bad credit to get and why?... |
|
 What do you need to make a visa card ?? |
Additional Details
well..sorry i didnt know that saying 'make a visa card' is wrong ...yes i mean how to apply for ... |
|
 A $50 medical bill from my old insurnce co. in 2005 went into collections. my credit is 819, will they sue? |
-I got a Collections letter today for $50!? It's an overpayment from a past insurance company. Date of service was 11-6-2005 for a medicine prescription.
----------------------------... |
|
| Recieved a summons from a credit card. I am being sued for the sum of $11,364.24 with intrest rate of 11.990%. |
| First of all I did not charge this amount. My credit card limit was no where near that amount. I had used the card about 3 times cause about the 4th time when i was going to use it i couldnt find it. ... |
|
| Is it bad to keep transfering your credit card balance, just to keep that 0.00% APR? |
Additional Details
You know......when there are promotions they state something like "0.00% APR for 1 year." After that promotional period has ended, does it look bad to ... |
|
 What is the right way of fixing your credit/paying off your debt, without outside assistance? |
| My husband and I want to sell our house, but have made the really difficult decision not to at this time, since our debt seems to be really high. We've got about five student loans, two ... |
|
 Credit counseling or debt consolidation? so confused!!!? |
| my husband and i are in credit card debt 35,000.. medical bills around 1,800 and school loan about 5,600... we are paying them all the minimum and killing ourselves doing so. we both work and hard to ... |
|
 What's the best way to improve your credit score? |
| Hi. I'm a 22 year old college student and I've had my fair share financial struggles topped with poor responsibility, but now I'm wanting to build for my future. I've torn my ... |
|
 What is the difference between good debt and bad debt? And could you give me expample of each.? |
| I just read somewhere where you can make money off your good debt. I just wanted examples of this.... |
|
|  |
o c | Should I pay a collection account that is over 7yrs old and is not showing on my credit report? |
|
 |
 
SPIFIMAN1
 |
My first response is NO.
I posted a link so you can check out the statute of limitations in your State, as long as this date has passed, do not pay anything do not even talk to them.
http://www.bcsalliance.com/index.html |
|
Sheila
 |
No, from watching Suze Orman every state (some differ in years) have a limit to them coming back on you. Surely 7 years is too long. If you do make any type of contact, payment agreement/inquiry, you have started that statute of years over, so then they could start hounding you again and attempt to collect. |
|
Dr. Deth
 |
are they still calling you about it? If yes, tell them it's more than 7 yrs old and they're not getting paid on it |
|
eddy t
 |
No The statue of limitations has run out on that debt... You no longer owe the creditor... there have been a lot of collection companies trying to collect on debts that are not collectible.
ie. debts that have gone through bankruptcy, or 7 years old etc.. this is illegal but because its a 4 billion dollar a year business people are taking the chance that they will not get caught. Do not pay .. and if you are being harassed tell them that you are going to turn them in for harassment. |
|
bryan l
|
free_b
response is a classic example what a debt collector would say
What kind of debt is it--if it is a credit card open ended most states has a SOL of 4 years from the last payment. Now if it is a signed contract those SOL are typically longer. search in yahoo "SOL debt" you will get a sheet where you can match your state and what type of debt it is.
Collectors still can sue you if that debt is out of the SOL "like what happened to free_b" counting on people not knowing there rights. If that happens go to court and tell the judge this debt is past the SOL, then the case will be dismissed. |
|
imamom
 |
if they had a judgment against you within those 7 yrs. they can come at you at any time and you will have to pay and it will go on your credit. If they didn't have judgment against you I wouldn't worry about it. |
|
$m¤¤v¥ £¤¢¤
|
I agree with the general consensus, especially my good bud SpifiMan1. I'll not just tell you no, but H*LL NO! There's a statute of limitations for collecting debt, which I would double check by clicking on the link Spifi sent you. Believe it or not, there are some states that have statutes lasting as long as 10 years (i.e. Louisiana), so it's important to make sure that you're clear first. But aside from that, I wouldn't even sweat that debt. (Hey, that rhymed! LOL) |
|
Duane
|
NO! If the Statute Of Limitations has passed in your home state and this is not on your credit reports, don't even contact them! If you do, then they can legally replace the debt back on your credit reports if you agree you owe it!
If you willing to pay it, then you agree to own it! I would let it go and move forward from here and just use your credit wisely and you should be fine! Pull a current copy of your credit report for free and look it over. this is a good habit to get into anyway! |
|
free_2_bsweet
|
Yes I think you should pay it...this is why.
My husband owed $189.52 and 9 years had past and he thought it was okay because it wasn't on his credit report...well to his surprise 9 years later he gets a letter in the mail saying he's being sued for the money...here's the joke because 9 years had passed they said interest had accumulated over the 9 years they told him he owed $9000.00 at this point and if he didn't pay they would garnish his wages.
Sometimes things don't show up on your credit report because the place where you owe the money too have their own collections department within there business so a regular credit agency may not see what you owe for that very reason ..however the place you owe the money too have it in their records.
So if you can arrange monthly payments to pay off your balance before you get a notice that your being sued.
Good Luck!! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 37 minutes(s) ago
| | | |
9 | 44 minutes(s) ago
| | | |
9 | 45 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 3 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
4 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
