 Pay or Not to Pay Collection Agency? |
| While back in college, I left a cable bill unpaid. It went to a collection agency. It is for a minimal amount of $122.62. It has now been 4 years since it showed up on my credit report. After ... |
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 I've never had credit cards before, but i need one to build credit. 21.08 APR is their offer, is that bad? |
| I don't understand credit cards, but i might be getting a protected one soon. What is the APR, and is it that relevant?... |
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 Debt consolidation? |
Hi,
My partner owes around 20k to misc creditors as unsecured debt with some overdue etc. He has a steady job and has his budget under control now since his family situation changed and ... |
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 I am 17 but I keep getting mail from lots of credit card place and other companies to suggest that I have....? |
| some type of credit. How do I check to see if someone is committing identity theft? I would like to resolve this before I turn 18 so that my credit won't be scarred for life.... |
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 Is this to good to be true? |
| Ok many people say if its too good to be true it probably is. Well my roommate gets a call today from Visa (his credit card company) saying tha because he spent a certain amount fo money on his card ... |
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 Is 17 too young to have a credit card? |
| Our son has had a savings account since he was 10 years old. He began working and has since opened a checking account and also received his 1st credit card. His father & I think it's okay ... |
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 Does any one knows if this is a possible scam? |
Dear Prospective Partner,
My name is Andrew Wang, I trained and work as an external auditor for the
Dah Sing Bank (DSB), working as part of a bigger team that covers the
entire Asian ... |
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 Who can i get an unsecured loan from if i got bad credit rating ? ( uk answers only please )? |
| i have a very poor credit rating and i need a loan . i rent my house so its got to be unsecured and im not interested in those companys where you have to pay a fee up front cos they r a rip off. it ... |
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 I have $12,000 debt and i'm only 21? |
I dont know what to do.. I also have $25,000 in student loans as well (failed school actually, so it was all for nothing)
I was born to lose. i need $1500 a month ($600 of which is for ... |
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 Why citybank at nigeria asking to transfer more money to this bank.? |
| i had make the first money tranfer and now this bank ask for one money transfer in order to credit me the money.... |
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 Wondering, Can I get arrested for this? Or is this a Civil Matter? |
kjj
i just wanna make sure the cops dont knock on my door.
I already did this, just want to double check.
To Make a long story short.
I have 2 accounts at a bank.
... |
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 I've been denied my mortgage because of bad credit, but don't know where it's from. Advice please? |
| My boyfriend and I have just been turned down for a mortgage because of my bad credit. When I was a part time student (at aged 20) I incurred a debt of £800 in outstanding council tax which I then ... |
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 If my wife and I.? |
To put it bluntly if my wife and I pop our clogs,which we dont plan to do in the near future.Do my son and daughter have to pay off any unpaid debts we may have had.
Additional Details
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lu_consulting1993 | What is the statute of limitations for credit card debts? |
I need to know which state's law apply. I incurred many debts when I was living in Illinois. Now, I live in Ohio. |
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Waine
 |
hi, not sure if this will cover it but there's tons of stuff:
http://credit-cards.ebookorama.com
and here http://finance.ebookorama.com
good luck |
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KingMarc
|
Shakira Isabel Mebarak Ripoll (Shakira) best known as a musical performer who performed hits such as, whenever,wherever, la tortura and most recently hips dont lie, was pronounced dead early thursday morning july 20th 2006.the reason for her death is said to be alchohol poisoning.
Shakira was supposed to be performing in a concert to support the Arabs some time in the near future.
Shakira will always be remembered for her truth telling hips and breasts that cannot be confused for mountains.
She leaves behind her mother Nidia Ripoll Torrado,brother Jekon Mebarak Chadid and other family memebers and friends not to mention all of her fans.
Please repost this and show your love for this much talented pop icon.
R.I.P |
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echo
 |
Credit card debts are considered open accounts.
Ohio - 4 years
Illinois - 5 years
If you are sued, the SOL that you would go by is the state that you are sued in.
If the collectors are currently sending you notices to your current address in the state you live in now, the suit "must" be filed and served at your current address in that state.
If they are sending notices, file suit, obtain a default judgment against you in Illinois, they can't enforce it against you in your current state. You could have it vacated on the grounds of improper service. You would have to do that within 1 year.
P.S. Get a life eaglesonaperch. Or if you can't, at least learn how to spell. Failing that, learn how to use spell check. |
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Tisa
 |
"IMAGINE WORLD" I have a question. You said for the state of TX you say it's 4 years. Is the 4 years during the period of the 7 years it stays on your credit?? Or is it 4 years after the 7 years pass?? I'm sorry I didn't understand. Please email me with the answer. Thanks!! |
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Diamond Freak :)
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10 years |
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splath63
 |
10 years |
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-*
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another deadbeat speaks up.....congrats!
now you can wait 7 years, get new credit and skrew the people in Ohio. |
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Dave C
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Ohio, unfortunately, has one of the longest statutes. I think it's 14 years, but I'm not positive. |
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WhyAskWhy
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That entirely depends on where and when the contract was signed. You'd have to do an internet search to learn such information. |
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brattach
|
7 years... it is the amount of time that you are expected to keep records such as proof of payments. |
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tryinthis2
 |
I believe there are no statute of limitations...they can not report a debt on your credit if it's older than 7 yrs unless they have a judgment against you, however, if you pay $.01 to the debt the 7 yrs begins again. they can try to collect the debt forever...it's your debt. but you just get a po box and if they reach you say that someone stole your identity and then play it off. only reason you should pay it is if they are suing you....or if you are buying a house and they make you pay it to fund your loan! |
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Studly
|
So many terrible answers again! Doesn't anyone research their responses any more??????
The state statute can be either where the debtor lives or where the contract was entered into. The creditor does have the right to choose the state with the longer statute but the creditors or collectors location is moot. This is covered in Section 811 of the FDCPA and in Consumer Credit Protection Sec. 1692i.
Here is the rule;
CONSUMER CREDIT PROTECTION Sec. 1692i.
--2) in the case of an action not described in paragraph (1), bring such action only in the judicial district or similar legal entity -
(A) in which such consumer signed the contract sued upon; or
(B) in which such consumer resides at the commencement of the action
NOTE: Actions involving Real Property securing your obligation --the venue is different. The rule is: Any debt collector who brings any legal action on a debt against any consumer shall -
(1) in the case of an action to enforce an interest in real property securing the consumer's obligation, bring such action only in a judicial district or similar legal entity in which such real property is located.
Ohio SOL is 6 years
Illiniois SOL is 5 years.
Note, however, that Ohio's laws regarding credit card "revolving accounts" is a grey area and not well addressed. Differant judges appear to be ruling differantly with them, and may consider them a "written" contract with a SOL of 15 years. I'm still trying to research this one. |
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nelson_devon
 |
Just pay it, and quit trying to cheat your neighbors. |
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imagineworldwide
 |
Usually a bad debt (any bad debt) stays on your credit report for somewhere between 7 to 10 years. In Texas, the statute of limitations in trying to collect a debt is four years. |
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single mom
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ten years and I think its off your credit report completely. Go to www.freecreditreport.com and check1 |
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dutchfam7
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if you own the debt then you should pay it. Have some integrety! But legally it stays on for 7 years after your last contact; 10 years for bankruptcy. It doesn't matter that you moved. It goes off of your social security number and that follows you everywhere! Rarely will they sue you for it. They mostly just threaten. But you should pay it. It shows good character. |
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Mrs. Mad Maddy
 |
It is exactly 10 years from the date your account was charged off. They can sue you if you do not file bankruptcy, as this is going to negatively effect your credit for such a long time I reccomend doing this. |
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tony
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The law is from the state in which the credit card company is chartered. Most of them are in Delaware because of the lack of interest rate caps.
If you default on a credit card loan, depending upon the dollar amount and the company, don't be surprised if you are taken to court. |
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