 Should i go out tonight?? |
| i get paid tomorrow but i owe my mum £500 and counless amounts to credit card companys and the like, and i only get paid £500 (poor student) my mate said he would lend me some cash?... |
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 My dad got a check and is giving it to me to use to pay for my car. How do I put his check in my account? |
Dads check + _________ = $ in my account
Additional Details
It is a check he got for a job he did. so it is from them to him.... |
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A friend of mine was sent to a collection agency because of breaking a lease for an apartment... so her credit sucks.
She's asking me to possibly cosign for her to get a new Cell Phone plan.... |
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| I am a single mother of two. I currently am living with my boyfriend and I am not happy. I want to break up but I am afraid I will not be able to find a job fast enough to be able to support myself ... |
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| I need to start over and need help! I need steps to to do so thnx!... |
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| I want to build by credit so that when i graduate college in a year i can get a nice car or apartment. I can not seem to get approved no matter what. i have no credit history and i need help.... |
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| I am having a fair credit score. I need some credit asap and so am trying to improve my score. So shall I need to pull out my credit score on a regular basis? Say once in every 1 month, 3 months, 6 ... |
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 What should I try to pay off 1st? |
| I have a repo on my credit which I owe 6000,I have 4 credit cards 1. is 345, 800, 1004, and 800. Plus I owe a gym 600 Should I try and put all my money towards the repo or should i pay off the same ... |
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| I have really good credit. My fiance made some really bad decisions in the past and has terrible credit. (credit cards, overdrawn bank account car loan .....) We are buying a home . We are planning ... |
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look for owner?
keep it?
spend it on what? urslef? someone homeless?... |
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 Help...PLZ!!!? |
| My dad bought me a Jacket last week from Wal-Mart store by ( not sure Cedit/Dept Card), and i found it too big, I can't wear it and now my dad is in another country for a business. If i return ... |
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 OMG I can't pay this.? |
| I just got my Visa bill and it is over 800.00, I bought some stuff recently and it bumped up my minimum monthy payment wayyyyy toooo much, Oh my god-I cannot pay them 800 a month. Do I call them? W... |
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 Credit card question? |
| Ok,i bought my game console with my credit card.The thing is,that console is now doesn't work as it should and i'm thinking of getting a replacement from the shop where i bought it...my ... |
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 I have 2g which debts should I pay off first? |
| Okay, I'm going to get my financial aid in a few weeks. (2 grand) I'm planning on using all that money to pay off some of my debts, but I'm not sure which is a smarter thing to do. S... |
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 I'm being sued by a creditor for close to $4000. What should I do??? HELP!!!!? |
| I work but, don't have that much money to pay it off. Can I do a payment plan or something? I don't have any assets except for my car and I've heard of creditors being able to seize ... |
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 Can you cash a check that's not made out to you? |
| i'm doing a fundraiser by selling cookies for my school. I realized after i got the check that i wasn't aloud to receive checks. so i need to know if i can cash this check which is made out ... |
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Susan M | What happens if I let my credit card go to Default? |
I can't afford to make the repayments at the moment. |
 |
 
ascoile
|
The credit card company will use a debt collection agency/court/baillifs.
You don't want to go down that road.
Better to discuss with them and come to an arrangement as to how much you pay off and when.
. |
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Lisa
|
it will affect your credit score
Why not speak to your credit card company and ask if you can make a smaller payment as your having some difficulty at the minute. They are usually quite understanding and willing to help if you are having problems |
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luciousgreeneyedlady
|
Your account will eventually be charged off and sent to a collection agency. |
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Fermat
|
Your interest rate will go to the highest stated rate, usually around 28% and you credit will be seriously damaged. It is best to call the company and work out a payment arrangement. A credit card company looks bad when it has a large number of defaults. They will be happy to try and work something out. Anything is better than default. |
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mammon
 |
1 Get in contact with your credit card company. They Can And Will arrange a repayment scheme for you. This is by law in the UK.
2 Failing this, a debt recovery business will contact you, which will contact you and charge you further.
3 You will be made bankrupt, by the courts,and, Bailiffs will be sent. |
|
Citizen DeCat
 |
With this, you can't bury your head in the sand. The problem will only get worse.
As others have said, your credit rating will nosedive, which could affect you in the future, and the credit card company could take legal action an send round bailiffs to take your stuff.
The best course of action is to talk to the company, and explain things. They should try to come to an arrangement regarding payments.
If your money problems are short term (like just a difficult month because of car insurance or something), you could ask your bank for an overdraft facility, just to tide you over.
Other than that, I can only suggest you sell some of your possesions. |
|
Health Freak
|
your credit rating will be affected,
you will incur a charge,
the worse case scenario is the account going to a collection company and they add more fees on the account.
Contact the credit card company and discuss your problems with them. |
|
beanie
 |
Don't do that. You will get a bad credit rating and it will create problems if you apply for a mortgage or credit card as you may be refused. Why don't you just pay the minimum charge which is usually around £5 depending on your balance. |
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roritr2005
|
They will send it to collections as well as report it to all the bureaus and ruin your credit. Have you talked to them at all? A lot of companies will work with you so it doesn't go into default. Give them a call and see what they might be willing to do for you before you just stop paying. If you just don't pay it over a period of time, they will take you to court and get a judgment and even garnish your wages. Hope this helps!! |
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harish
|
Small steps like paying your bills on time and using only part of the credit available to you. Also use your credit cards for making small payments regularly, so that it is reflected in your credit record. More tips available at http://www.acreditlibrary.com/buildcredit.html |
|
DMsView
 |
You get a bad credit rating and those late payment charges will start adding up.
Your choices are two really.
First is to contact the credit card company and explain the situation to them. They'll probably be understanding if they know you intend to pay but they will still charge you something.
Other option is to get a new card (with a lower interest rate), transfer the whole balance to it and that should buy you a month-6 weeks to get some money together when they come calling. Most cards do now charge a fee for a balance transfer so you just need to weigh up which will be cheaper for you in the long run.
Don't ignore it. Your credit rating is important and you'll need it to buy a house down the line. |
|
pseudonym45
 |
I would speak with your credit card company and explain the situation to them . If you offer to pay them a smaller amount of money for a short period of time, this might be acceptable to them, as receiving some money from you rather than no money is still in their best interest. I did this for my mother, and they even stopped the interest on her card for a six month period. They may even send out a budget plan for you to fill in, so that way you can show them the situation of your finances, and they can make an informed decision. If you are having serious problems with debt, why not contact the Citizens Advice Bureau, or the Consumer Credit Counselling Service, both of which will provide debt advice free of charge. I'm assuming you're in the UK. Good luck with it, and try not to worry. |
|
Bell
|
Why don't you go in the bank and have a chat with someone to talk about your situation? They are very understanding and can help you, after all they'd rather have their money back even if does take years! Please go and talk one of the advisors, that is what they're there for anyway. Don't let your card go to waste and ruin your credit history. Talk to someone, it's better =) Tell them how worried you are and they can come to an agreement with you on LOW monthly payments. Good luck to you and be strong!!! Please don't stress out the bank can help OK. |
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Ed F
|
Firstly the credit card company will pass it on to a debt collection agency who will get a Statutory Demand issued. The debt collection agency will atempt to serve this demand on you at any of the addresses you supplied the credit card company with. They can post this through your letterbox if they beleive that you will receive it.
If you do not pay the sum detailed on the demand in full, or have the Statutory Demand set aside, the solicitors working on behalf of the credit card company will get a Bankruptcy hearing date and a Petition issued.
Again a debt collection agency/process serving company will attempt to serve you with the document and if they either do serve you personally with it or are unable to meet with you but feel that enough evidence has been obtained to prove that you live at or receive mail at an address, they will crave leave to the court for substituted service by means of publishing your name in the local papers etc.
You really should contact the credit card company and explain your situation to them. Ultimately, they would rather receive something than nothing. Plus bad credit hangs over your head for a long time, it can take up to 10 years for some companies to go anywhere near you after a default.
However, a friend of mine had £10k credit card debt and the debt collection agencies haven't caught up with him yet, although as soon as you apply for credit or register on the electoral roll at an address, you will be quite easy to locate.
Good luck. |
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