 Can a debt collector place a lein on property AFTER running it on your credit for seven years? |
| My Husband had a truck and never paid for it. The debt collector wouldn't never come get the truck becasue they went bankrucpty. They ran it on his credit for seven years. NOW they have put a ... |
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 I think I overdrew money on my DEBIT CARD...advice please...? |
| OOOH SHOOOT man it was an emergency! i had to use about 20 bucks and so i was checking to day and i went over 18 dollars! i'm so scared i don't know what to do. i usually manage my money ... |
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 Can I finance a new car with a credit score of 551 and a cosigner that has a credit score of 680? |
| im 19 years old and i want to finance a new car for 14000 with a credit score of 551 but I will have a cosigner. i have two jobs. any information regarding this matter please ... |
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 Does Cosigning a student loan lower your credit score? |
| My sister needs me to cosign her loan. I have just graduted from college and worked myself up to a 700 FICO score (I know it's not perfect). I wonder if cosigning a $10K loan for four years in a ... |
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 I have a credit score of 753. Is that good? What's the highest possible? |
Additional Details
I haven't been working at my credit, I'm just responsible. My personal banker told me it was good, just wanted an unbiased opinion ZinaRae.... |
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 What are some things I can do to establish credit? |
| I am attempting to establish credit but I don't really have any idea of how to go about it. Credit card companies send me offers every week. But I know that most of those are no good. I read all ... |
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| I have been screwed around by these bogus credit repair agencies I would just rather contact a "legit" debt consolidation company so I can start repaying my debt and bills o I can re-... |
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 I lost my debit card!!!!!? |
| My debit card was stolen a couple of days ago (4-5 days) and used to make purchases worth more then 2000 dollars. I have contacted the police after my bank have notified me of the overcharges the ... |
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 Personal Loan Question...? |
| Is there a way to obtain a personal loan with the promise that you'd pay back in full using your tax returns? We'd make payments on it until then, but we'd pay it off in full come F... |
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 Debt Help!!!!!!!!!!!!!? |
| I am in a little debt I owe one credit card company 1700.00 ad another 350.00 how do I establish this debt without having to pay in full...I really want this off my credit the 350.00 credit card ... |
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 Maxing out credit cards and moving abroad???!!!? |
| I have two friends who are in the process of doing this right now as they are in New Zealand. It's not just credit cards either - there's a couple of loans as well. When I was living in A... |
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 I have HUUUUUGE debt I can't pay. What do I do? |
| Everythings in collections, I just moved to a new city and I can't find a job. I can't afford the payments and havent been able to in a long time. Whats the best thing I can do? Can I get ... |
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| I just inherited about $30K. I've got $21K in credit card debt that I really want to pay off (since it's costing about $500 a month in minimum payments that aren't reducing what I owe).... |
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 Which of these credit cards is better? |
a card with an apr of 14.9% but a $19 annual membership fee
OR
a card with an apr of 19.24% but has no annual fee.
Additional Details
thanks martin,
i am ... |
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combratable | Spouse cosigned for bro. said no more than $500 now debt is over $5000. what can we do? bro wont pay? |
we did not know brother had gone over limit we verbally agreed to. we have tried being nice. he wont pay. husbands credit is going down fast. can we sue? what do we do? |
 |
 
Gregory B
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Contact all credit companies NOW. Tell them you Will not guarantee any additional purchases and you want the account closed. Follow up with a written letter. Keep a log of everyone you call with time and date. Request a copy of his loan balance and the agreement you signed. You need to establish a "cut off" point so if the credit companies continue to extend credit it will be at their own risk not yours.
Next ask the "dead beat" if he has anything to sell you to pay off his debt. (Get anything you can. Something is better than nothing.) make a list of what you get and how much it is worth. Send that amount into the credit companies directly. Don't give the money to the "dead beat". Ask for a lien on his car. Tell him that will help you get a loan if needed to pay off his debt.
Now it's 10 days later. Ask the "dead beat" how much he can pay each month towards the debt. Don't put him into a situation he can't live with it will just be a bigger problem. Now call the credit companies ask ask for a reduction in interest rate and a payment schedule that you can afford.
Now comes the time to KICK yourself in the butt for doing a "verbal" agreement and letting it go this far. |
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echo
 |
I agree totally with what Gregory B had to say.
Unfortunately since everything you have agreed to with the brother was verbal, you don't have much of a legal leg to stand on.
"Immediately" contact the creditor and tell them to allow no further charges to that account, follow it up by letter.
Then do the rest of what Gregory B mentioned. He gave some good advice. |
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robert c
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stop verbally and pick up a pen and put it on paper from now on
what will you show the court? your verbal agreement?
see if you can trick the bro to sign a new agreement that you can use in court |
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KL
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By co-signing for your brother, your husband took responsibility for the debt in case your brother can not pay it back...that's why banks require co-signers in some cases.
Sorry, you are financially liable for that debt. |
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DaMan
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If you co-sign for someone else's debt, you must understand that you are, in effect, agreeing to pay the debt IN ITS ENTIRETY in case the FICO-poor person you are co-signing for, can not pay.
And just remember, there is a GOOD reason why the creditor requires a co-signer.
Generally, it is because the primary signator's creditworthiness is horrible, shady, and undependable -- to say the very least.
You can sue your brother in civil court, but guess what -- he ain't got no liquid assets worth acquiring after you incur significant legal costs.
Co-signing is RARELY a win-win situation.
You are liable when you put your John Hancock on it. |
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Mama Pastafarian
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Your husband agreed to cosign, and without a written agreement with brother, your husband is just as liable for the debt. |
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inaccord18
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If you cosigned (guaranteed) that debt, it's yours. I'd start paying on the line, then try to collect from the brother. |
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Humberto M
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It is better to have sex with a homeless person than it is to cosign for anyone. Yes, you can sue his lazy and evil behind if you want to and try to collect that way. You should also close any accounts that may have been opened with your help. The credit damage, however, has been done and you will pay the price regardless. I would also advise that you put up for sale any items that have been purchased as a result of this cosignage--the car, t.v., boat, whatever it may have been that you cosigned for. By the way, your husband's debt is also yours since it has taken during your marriage to him. Whose "bro" is this, anyway?
Mr. M on bro...cosign. |
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INURFACE
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cry. |
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