 What can we do about debt? |
| We have alot of debt...around $6 or $7000 dollars worth...We want to eliminate some of that debt but how? what can we do? My husband is military and was wondering if we could get like a VA loan or ... |
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 Ebay purchase and paypal payment? |
| I purchased an item on ebay on friday evening through paypal and i received confirmation to my email, on my paypal account it reads TRANSACTION COMPLETE & PAYMENT STATUS complete. Another e-mail ... |
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 Understanding my first credit card?!?!? |
| I currently have my first credit card,and i'm still a bit confused. I have 1,000 of available credit.After i pay my first months payment,or minimum payment does my credit get renewed and go back ... |
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 Bill Collectors Stop!? |
ok i just want to know how do i stop bill collectors from calling my job??
Additional Details
umm i know that much people this was actually an apartment that i broke my lease cause the ... |
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 Help repairing credit, what do I do now? |
| I am 23-yrs. old and I am desperately trying to repair my credit. I have paid down all my collection accounts except for two medical bills totaling $1800.00. These two accounts are 4-years old. H... |
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| What is the best way to build up my credit? |
| I'm 20 and of course I pay my phone bill and rent as well as electric and other utilities. But these obviously aren't helping my credit enough to even be able to consider buying a home. I ... |
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 Does anyone know if it negatively affects your credit score to apply to too many companies for credit? |
| I have once applied to several different companies in a short period of time but I do not do that consistantly. I have heard though that it CAN affect it because of this reason. What do you think? I ... |
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 Life Debt and living with it as a 21 year old? |
| I attended a online college (westwood college online) and relized it wasnt for me. Well...I am paying for my mistake 25,000 in debt. The school keeps on calling and calling and one of my loans has ... |
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 Why don't the Banks just print more money to cover the "Credit Crunch? |
Oh, they already did that, Ok then, why dont we just photocopy Banknotes to pay off our Credit Card bills, surely that would help, all pull together, kind of thing?
Additional Details
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 Can i get a loan? |
| My credit score is 546 (very poor) but i have a great opportunity to buy a very profitable business with an investor who will put down half of the money. Is it possible, with a co-signer, for the ... |
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 What credit score do you need to get a credit card? |
| I have around a 650, does anyone have any good suggestions on a card for that score?... |
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 I got a motor bike on higher purchase a week back, can they take it off me? |
i purchased a new motor bike on higher purchase, i gave them a couple of wrong details while submiting the application cause i was pissed.
nothing major just that i told them that i worked at my ... |
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aqua | What will happen to a person when he will not pay his credit card debt amounting to 1,700 US dollar? |
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Net Advisor
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you get harassed by collections. just pay. that amount is not worth filing BK over or being subject to collections. collection accounts are a negative on your credit report, and can make getting credit harder in the future. |
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rjizzle4shizzle
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it'll go to a collection agency and if you still don't pay it'll go on your credit score (you don't want that) |
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Nikklus
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They keep sending you bills and summons until they take you to court. Most of the time they dont even care and leave you alone. |
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Anjell
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Well this person will end up with very poor credit for the next 7 years. His credit card priviledges will be lost . In addition to collection agencies harrassing him non stop by phone and mail, he's likely to get a summons to appear in court for non payment also known as being sued by the creditor.
So you need to pay your credit card bill. If it's already in collections, call and make arrangements with them. |
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Joli
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In the long term, you will be unable to qualify for good loans for cars, homes, etc. because your credit will be ruined. Many lenders will be simply refuse you with ANY collections. |
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dave
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aqua,
Your best bet would be to try and pay off the debt, if at all possible.
There's a good article at eHow on steps to take to begin tackling your debt. Take a look at it:
http://www.ehow.com/how_2326032_avoid-escalating-debt.html
How to Stop Escalating Debt
You can also look here for tips on earning some extra cash online:
http://www.ehow.com/how_2254361_money-internet.html
How to make money on the internet, scam-free
Lastly, here's an interesting alternative to conventional lending...getting a "social networking" loan from Virgin Money (from the same folks who run Virgin Airlines):
http://www.ehow.com/how_2310995_student-loan-through-virgin-money.html
Social Loans from Virgin Money
Hope these help. |
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Jeffrey
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Well, you will certainly have terrible credit from it for two years, then just merely bad credit for the remaining five years. Beyond that, you could face a charge off AND a collection account. You could face a summons, judgment, and wage garnishment. Or they could just ignore it and never bother collecting on it. |
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wife of marine
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If it is sent to collections, it will ruin your credit for the next 10 years. The 7 year drop off is a myth. They'll sell your account to a collection agency who will charge a fee to you for their service. 2 or 3 years down the line, they'll sell it to someone else for another fee to you and 2 or 3 years down the road they will sell it again. Each one will be another collection agency on your credit report and that charged off account will sit there haunting you long after the 7 years are up.
Eventually, they can garnish your wages to get the debt paid. They can go to court and in the settlement against you they can have a debit hold placed on your personal checking & savings account.
It's so much better for you if you just try to work something out with the credit card company. |
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Gred D
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bill piles up.ppl call and harass about credit.Bank may be forced to take ur belongings to pay off debt. |
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Masters B*tch
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Nothing of significance, especially if he has no income other than govt. benefits (DSS, SSD, SSI etc.) Collections will call, but they can be fun to f*ck with lol. They MAY obtain a judgement against you, but if you don't own much, it means jack. It'll screw up your credit, but sometimes that just isn't important in life... it'll go away in 7 years anyway. |
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Eric D
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haaaaaaaaaaaa u uuuu screwed |
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ashley
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if you dont pay on it the amount will increase and then it will get sent to a debt collector and it will go on you credit record witch will make it hard in the long run if you want to buy a car or a house |
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WhoDey320
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First off, why would anybody get themselves into that much debt? Maybe they will learn a lesson. Second, you could get your stuff repossessed and the credit card people will keep harassing you. Eventually the person would stop answering their phone and the credit card people would start calling neighbors and annoying them about talking to you about it and your neighbors will get mad at you because now they're being harassed. I think there are companies that can help you get on a plan to paying it off, but seriously, this person shouldn't have gotten themselves in this bad in the first place. |
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