 Can they hold you legally responsible for the debt if you are an authorized user on a credit card? |
Additional Details
the credit card is not mine, i was just added as an authorized user. isn't the holder of the account responsible.... |
|
 My parents paid off my credit card for me and now I'm recieving all these offers for credit cards in the mail |
| can someone explain how I can keep these from coming? Because I don't need any more credit cards and this is just a waste of paper for them and I'm a little uncomfortable about my personal ... |
|
 I need help my brother need wants to join but he hasnt got a credit card yet he 18 but he does now want one? |
I need help my brother need wants to join but he hasnt got a credit card yet he 18 but he does now want one so what sould he do reply thanks
Additional Details
sorry i spelt loades of ... |
|
 What is the difference between a bank and a credit union? |
| which one is more likely to aproove me for a personal loan?... |
|
 Is this a good offer for a credit card? |
| Its a Mastercard from Capital One, the credit line is $300, 0% APR on purchases until May 2008 - 9.9% after that and a $59 annual fee. I have 1 other credit card, Visa from WaMu with a $500 credit ... |
|
 Why should I care about the credit crunch? |
| If I didn't watch the news, I wouldn't even know about the 'credit crunch' or 'recession' - we even bought our first home this year! The only thing I've noticed ... |
|
 I am unable to pay the personal loans that i have taken from banks? |
| what to do it is impossible for me to pay the bank loans which i have taken from diffrent banks .I have no property right now,but i want to pay the loans but i will be not able to pay the intrests is ... |
|
 How in the world do you actually get a FREE credit report with out a credit card? I never had one.? |
So why cant i get approved for any thing? Not even a credit card they said that my credit is to bad. I havent even done anything to my credit to be bad.
Additional Details
Thank you all. ... |
|
 What are some of the best credit cards for someone to start a credit history? |
| This person is a student and will graduate soon and wants a card so he can establish credit. Any ideas on a good one for someone who has never had credit?... |
|
 My sister opened a credit card in her name and my mom's, ran up a lot of debt. Is my mom legally responsible? |
| One of my sister's opened a credit card account in her name and my mom's and ran-up a lot of debt, all without telling my mom. The account is now delinquent and in collections and the ... |
|
 I received a letter stating that my account had been placed with a National Collection Agency? |
| This is a medical bill apparently. The first sencence says Your account has been placed witha NATIONAL COLLECTION AGENCY. Our client has not yet received full payment from lab work your physician ... |
|
 Credit cards /No credit history? |
I would like to establish some credit history since i have none.
Is there a credit card that will except me with no prior credit history?
Additional Details
i see a limited credit ... |
|
 Collection Agency Claims They Have a Warrant...? |
| I just got a phone call/message on my cell phone and my voice mail at work from a company called Delanor Kemper & Associates. They claim that a creditor that I dealt with almost 2 years ago is ... |
|
 Money Question ? Help !!? |
| So i really need money but i cant get a big amount of money all the time i spend around $106 every month, do you think i should get an allowance for around $132 every month instead? but im such a ... |
|
 Mother messed up my credit....? |
| I got my credit report and now I know why I haven't been able to get any credit. I'm 24 now and living on my own. When I was 18 my mother took out a phone and cable account in my name.M... |
|
 Can a debt collector take a vehicle that has a lien on it? |
| I owe a small debt from a medical bill that's been turned over to collections, they are threatening to take my vehicle which is financed, it has a lien on it. Can they take it.... |
|
|  |
mprush12 | Why can't student loans be taken off in a chapter 7 bankruptcy? |
If someone is declaring bankruptcy, they have no money to pay their bills. So how does the system expect the person to payback a massive student loan (ie. $53,000.00) |
 |
 
feanor
|
That's because a bunch of students in the 80's pulled that scam and so they shut that loophole down.
They graduate with a bunch of student loans, declare bankruptcy and then the various lenders including the Federal government was left holding the bag. |
|
Robert D
|
Bankruptcy isn't a free-ride! So many people think that.
It isn't a way to scam your way out of debts!!!
You can pay the loans back later, it doesn't matter that you don't have the money now. You will someday.
You took the money, now you have to pay it back! |
|
John M
 |
get a job and work to pay it off. Nobody would give student loans out if they could be erased by bankruptcy.
$53,000 is not massive. They give you a long time to pay them off, and at a subsidized interest rate. I know, I had them when I was younger and I paid them all off on time. They were a great deal and I hope people like you don't screw it up for the next generation by trying to get something for nothing. |
|
acermill
 |
I would like to think that $53,000 managed to pay for some sort of degree which could be used to get a decent job with which to pay off the $53,000 loan. Just how MUCH of a free ride do you expect here ? |
|
heathr1424
|
Would you want everyone else to be able to write off money borrowed from the Federal Government? When federal government money is lost, borrowed, or earned it affects everyone. It is the citizens money. You would be scamming the general population out of that money,not just a credit card company. |
|
HEATHER
|
Because they are backed by the government and they are not going to take a loss on it. Same thing with IRS debt, that doesn't go into bankruptcy either. Or child support. |
|
Dewey K
|
Because you borrowed the money from the Feds. It's the same with certain taxes. |
|
Christie
|
Student loans are never charged off in bankruptcy. This was clearly detailed in the note that you signed at the time you got the loan.
If you're ridding yourself of all other bills, surely you can afford to make good on ONE debt, can't you? |
|
Incognito
|
Because they are government and government loans cannot be included in bankruptcy. That's just the way it is... |
|
Rick
|
Years ago, someone wrote a book on just how to do what you are asking. I remember also, the Government closing that loop hole, after it reached epidemic proportions. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 16 minutes(s) ago
| | | |
13 | 49 minutes(s) ago
| | | |
14 | 2 hour(s) ago
| | | |
14 | 6 hour(s) ago
| | | |
14 | 11 hour(s) ago
| | | |
14 | 1 day(s) ago
| | | |
14 | 4 day(s) ago
| | | |
3 | 1 week(s) ago
| | | |
14 | 2 week(s) ago
| | | |
14 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
