 How can a $3,000 credit card become a $13,000 law suit? |
| My boss had a credit card 4 years ago for $3,000 he didn't pay. Now he has a civil suit against him for $13,554.37- is it legal to do this? Isn't there some cap on how much interest they ... |
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 Death and debt? |
| My mother passed away and left behind a 16,000 credit card debt. Who is responsible for paying this debt? Does it die as well. My mother was a house wife...my father works out of the country and ... |
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 What bank in the United States allows a 16 year-old to get a visa check card or similar? |
| I want to get a Visa check card, but all of the banks I have called have said "Come back when your 18". This is extremely frustrating. Do you know of any banks that let you have one while ... |
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 Can a collection agency or law firm attempting to collect a debt harrass family members? |
| A collection agency and a law firm continually contact my parents (with whom I havent lived for over 20 years). Their phone number is unlisted. My father has even been cursed at. Is this legal?... |
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 What does Cash on demand mean? |
| I have a credit card and it says that it has cash on demand. What does that mean?! Thank you in advance........ |
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 Should I pay debt collection or ignore? |
| I had a cell phone a couple years back that ended up going WAY over my plan minutes due to work use. Work agreed to pay their share, then bailed. The cell company cut off the phone and wanted the ... |
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 Will this affect my credit? |
| My dentist thinks I owe him $100. I disagree. If he reports to a collection agency, will that severely harm my credit even though I don't think it's my fault?... |
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| I've been subpoenaed for $2000 credit card debt, what's the recourse if I don't go? |
| About 12 years ago, I had 10 credit cards. Through various debt consolidation agencies and extra cash, I paid off most of them. 3 of them I left flapping in the wind because those particular ... |
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 Capital one taking legal action? |
I owe capital one 3000 and somehow now its 4000
a bill collector called me and said that i need to pay that amount or their going to sew me. I told him I cant pay all that amount but that Im ... |
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 Whay would you do if you were fired for reporting bank fraud?move on? persue wrongfull termination??????????? |
| worked as gsm at a car dealer in fl. i am also on probation till my sentecing wich is going to be a dropped felony.it had to due with a bad addiction wich i am getting thru .i also diclosed this to ... |
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 Does filing bankruptcy or having your house foreclosed on affect your current credit cards that u have? |
| If I file bankruptcy or let my home be foreclosed will that affect my current credit card interest rates? Im in great standing with my credit cards. After the foreclosure happens can the credit card ... |
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 If i get approve for a credit card will that bring down my credit score? |
| I been thinking of getting a credit card but i wanna know if i get approve for a credit card will that still bring down my credit score.... |
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 Ok here's my situation..just looking for opinions.I am over $9,000 in debt with credit cards...? |
| i also pay a gas bill,electric bill,internet and cable bill and cell phone bill.I am wayyy overdue on doctor and hospital bills also.I have a 7 month old and cannot afford a baby sitter so I only ... |
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 Can my daughter ruin my credit? She is 20.? |
My daughter just did a very, very stupid thing. She cosigned for a loan with her boyfriend. A 10,000 dollar loan, for a car, no less. (She drives a $500 Camry)
I pay for her insurance, ... |
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 What does "charged off" mean? |
| I am in debt (past due) and many of my accounts are marked "charged off" on my credit report? What does this mean? Also, what if I am incapable of paying off the debt financially, but can ... |
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millenium_ryan | Shouldn't a debt that I haven't been able to pay be showing up on my credit report? |
Several months ago, I hit some major financial troubles causing me to fall behind in paying an unsecured debt. They refuse to work with a credit counseling service and demand the balance in full and I have not been able to pay it back yet and havent been able to make payments in several months...however whenever I check my credit report...the debt isn't even listed...what's up? If Im several months late, wouldn't it be reported?
Additional Details
Yeah I pay when I can and have breathed a sigh of relief when I dont get a credit alert on there. Ive been contemplating bankruptcy because of this debt but wonder if I should if it doesnt even appear on the report. |
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fire4511
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Not all finance sources will report to the credit reporting agencies. The agencies charge the finance company for each account they report, and require that each account be updated monthly (again at a cost).
It is the choice of the creditor as to report or not. If they sell the debt to a collection agency, or file suit and get a judgment, it will be reported!!!
Pay them something every month, to prevent the loan from falling int a total default. As long as you are paying, it is doubtful they will file suit!! |
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Voice_Of_Reason
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It is the creditor's choice to report it. I've had that happen to me as well. The creditor may not feel it's worth the effort.
I woudn't call them to remind them or anthing, just handle your business and carry on. |
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CHRIS
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Did you check all three major credit reporting agencies - not all creditors list on all three. |
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luciousgreeneyedlady
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did you ever give your social security # when this bill was created? i had credit with a catalog service and never gave them my social security #. I stopped paying and they tried collecting the money but with a social security # they could not report me to the credit bureaus. |
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Steve M
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There are a lot of company's that don't report to a credit agency |
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I'm Gonna Tell You
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They have to spend more money to report it and then adjust it to an outside collections agency, which costs money too. If they can get you to pay them directly, they get all their money, without minusing the money they have to pay to the collection agency and credit reporting agency. |
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Valley R
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some companies don't report .. but those are few and far between. What they will do is sell the debt to a collection agency which will report collection activity on your credit report. This will damage your report even more than the a creditor. and even after you pay it the collection activity will be on your report for 7 years. Do yourself a favor and start making small payments... Trust me ... experience speaking.
P.S. You indicate that you've considered bankruptcy because of this debt .. this tells me that it is a large debt. Given that info, just know that if it is a large debt, it WILL appear on your report at one time or another .... they will not let this go. |
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scott
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It will only be listed on your credit report if they report it. Also, there are 3 credit reporting agencies in the US, so it might be on the ones you aren't looking at.
Be wary about working with credit counseling services, unless they are a member of CCCS. Most of the ones that advertise on the radio are scams according to the FTC. |
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tastoller
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It all depends; If the company you are dealing with does not report to the credit bureau, then it will not show up. Another possibility could be that it takes a lil bit of time for it to appear. If on the event that the company you are dealing with, ever turns it over to a collection agency, then the possibility of something hitting your credit report will go up. In the mean time, do not sweat it, if something negatively does not show up on your credit report |
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Ron B
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If they are not reporting it, It will not show on your credit. They were also not reporting before you were late, so you did not recieve credit for paying on time. |
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Michael G
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That is good news!! If it doesn't show on your credit report, It doesn't matter!! Try to work out a payment plan with your debtor.
PS. Quit checking your credit report!! It WILL screw up your credit. For every 14 days you check your credit, it goes down 3 points. |
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