Debt is validated, now what ...
Wed Jun 18, 2008 04:06PM
Q: I requested debt validation a month ago and just received a photocopy of the original signed agreement from the original creditor as well as copies of all statements showing late payments, statements with over-the-limit evidence and even bounced payments...They cut out their credit cards, while I am getting more
Wed Jun 18, 2008 04:06PM
After reading the stories with over dramatized titles like They cut out their credit cards or Life without plastic, I can only say one thing - credit cards like alcohol. You must spend and drink in moderation. And moderation levels...When transferring money on 0 percent interest credit cards
Thu May 29, 2008 01:05PM
you have to realize that you must pay them off before that 0 percent period expires. At the very least you must drastically reduce unpaid balance, or manage to get another credit card to transfer the unpaid balance. The...MAD collection agency drives me mad
Mon May 19, 2008 03:05PM
Q: I have recently discovered a collection record on my credit report with MAD collection agency which originally goes back 12 or 13 years ago. I sent a debt validation letter 7 weeks ago exactly, haven't heard anything back. The...Repossession and/or foreclosure after bankruptcy
Mon May 19, 2008 01:05PM
With economy slowing, utility bills and gas prices on the steep rise, many recently bankrupt consumers facing repossessions or foreclosures or both....No validation provided by collection agency
Wed May 7, 2008 12:05PM
Q: I received a letter 3.5 months ago from a law firm stating that it got an account with $1,800 balance for collection from a credit card issuer. I wrote back to them by certified mail with signature confirmation and...Sleepless in Seattle because of Wells Fargo installment loan and potential wage garnishment
Fri Apr 25, 2008 10:04AM
Q: I had an installment loan with Wells Fargo, I live in Seattle. I lost job when Boeing moved to Chicago. My car was repossessed and according to Wells Fargo sold for $13,400. The $2,800 difference is what Wells...Medical bill goes unpaid
Fri Apr 18, 2008 01:04PM
Q: I went to a hospital 7 months ago for a few tests and procedures, I gave my insurance information, paid my $30 copay get everything done and forgot about. Then about 2 months ago, I got the bill...Hard money mortgage lenders will
Mon Mar 10, 2008 11:03AM
overlook your previous credit problems including foreclosures, bankruptcies and judgments. Some will not even run your credit report, nor check your employment and assets. Except your home equity as this is the thing they are after. This and what...Hardship program with Chase MasterCard
Wed Feb 20, 2008 10:02PM
Q: I have been under hardship program arrangement with Chase MasterCard for 15 months and have another 9 months to go. Couple days ago someone called me from Aargon Collection, asking me to settle $3,500 left with Chase for...Statute of limitation on judgment collection in Texas
Sat Feb 16, 2008 02:02PM
Q: How long is statute of limitation on judgment collection. I live in Texas. A: The Texas statute of limitation on judgments is 10 years. The worst of it, this statute can be renewed within 2 years after expiration....Debt consolidation program doesn't affect credit scores as bad as a bankruptcy
Wed Jan 23, 2008 11:01PM
Q: I've been informed that a debt consolidation program will ruin my credit report the same as a bankruptcy. Is this true? A: No, the effect of bankruptcy, Chapter 7 in particular is much worse than that of debt...Chapter 7 bankruptcy since 2005 bankruptcy law revision
Sat Dec 29, 2007 03:12PM
Since the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) went into effect, Chapter 7 has not been an option for many consumers. The reason for the reform was to end the abuse and fraud, which had been practised...I got a collection letter for the bill that I have never received ..
Sat Oct 20, 2007 12:10AM
The problem is that you can never prove that the bill was never sent and not lost, or thrown out. So however valid that might be, it is not likely to help you....Outstanding limits and judgements
Sat Oct 13, 2007 03:10PM
Q: How can I find out if there are any outstanding liens and judgements against me? A: If you want to see if there are any liens against your property, check with your county Recorder of Deeds office. Many...Five credit cards, student loans, credit score of 568, three jobs, college degree, lives with parents, 22 years old
Sun Jul 1, 2007 06:07PM
She just called looking for some debt relief from the pile of debt. Lives in her parents home, 5 credit cards plus school loans have her in $13,000 debt. Add to this $500 monthly payment for Pontiac G6, and...Zero percent interest Discover credit card pays for high interest mortgage
Wed Jun 6, 2007 07:06AM
Zero interest Discover credit card pays for high interest mortgage - I thought which category should this go in, Mortgage or Personal Finance, only realizing it goes under Debt Relief, dummy. Before I get to the mortgage situation ... I...Withdraw from 401k to pay off the credit cards
Sat Apr 7, 2007 06:04PM
Q: I am $30,000 in credit card debt with $52,000 in my 401k and currently unemployed. I need to get out of debt. The job market in Michigan right now is very bad, and paying off the credit cards...Does the date of the last payment reset the statute of limitations on debt?
Tue Nov 7, 2006 01:11PM
This is one question where we wouldn't recommend anything other than talking to a professional with the knowledge of local laws. DOLA is the date of the last activity, SOL is the statute of limitations. Q: I have an...Become debt free using 401k
Sun Sep 24, 2006 10:09PM
You can become debt free by borrowing from your 401k if your plan allows this. This debt relief path have to be thought thoroughly but you can't simply listen to those who flatly tell you that this is a...Debt help by tapping into your house - why we disagree with Suze Orman?
Sun Sep 24, 2006 07:09PM
After recent debt help and debt relief related posts in which we advocate using home equity to pay off an unsecured high interest debt, several readers questioned our sanity. This one is the most expressive on the debt relief...Debt reduction pyramid strategy
Sun Sep 24, 2006 07:09PM
Debt reduction is difficult when you have several credit cards and carry balances over from one month to the next. Or you have several personal loans or even installment loans like a car loan. Whenever you are paying high...Option ARM as debt consolidation mortgage continued
Fri May 19, 2006 12:05PM
This Option ARM - debt consolidation loan piece is the conclusion of recent debt consolidation mortgage article. Option ARM comes in 2 flavors - with 1 or 3 month introductory period with start rate of about 1.375% and 2% respectively....Option ARM as debt consolidation mortgage
Tue May 9, 2006 10:05AM
Debt consolidation mortgage has become main business for the mortgage industry. Higher interest rates, real estate market over saturation and stiff competition made mortgage professionals seek money elsewhere. So they became the Good Samaritans promising to get you out of...50-year mortgage in California means more bad debt
Mon May 1, 2006 12:05PM
Supposedly, 50-year mortgage is an alternative to the interest-only home loans. It is designed to help homeowners to get lower monthly payments. To some it is the only way to buy an expensive home in California. 25% of new mortgages...No debt problem? Interest-only loan can fund retirement
Thu Apr 27, 2006 11:04AM
Q: We had a huge debt problem and very bad credits few years ago - my wife scores were 563, 577, 592, and mine were 596, 604 and 612 - will remember those numbers forever. We had to do...Get out of debt with Citi Simplicity credit card - carefully
Tue Apr 11, 2006 01:04PM
City Simplicity can help you to get out of debt, or at least reduce it. Citi Simplicity is Citibank credit card that we wrote about in our Bad Credit Repair online magazine back in October when Citibank just announced this...Lower debt with American Express Blue credit card
Tue Apr 11, 2006 11:04AM
American Express Blue credit card is offered right now on the very best terms. Of course as with any credit card you must be careful. We wrote on using great credit card offers to lower debt with credit card swapping....Interest only loan - freeing cash to pay off school debt
Sat Apr 8, 2006 07:04AM
Note - we have been getting lately many emails about interest only loans. Great seeing borrowers getting more educated about interest only mortgages as there are very few benefits these mortgage products provide and they have to be used...Debt elimination program gets busted
Thu Mar 23, 2006 03:03PM
Debt elimination program solicited by Debt Solutions Inc. is under fire from FTC and Washington State Attorney General as it "offers a false promise of substantially reduced interest rates and thousands of dollars in savings." The debt elimination program was...Debt collection and statute of limitations for debts
Mon Mar 20, 2006 11:03PM
Q: My wife and I have a few accounts that we continue to get collections notices on. We live in California. Because of medical issues, we ran into severe financial woes years ago and had some store credit cards...Bad credit mortgage for the price of 'Bad' mortgage insurance in Canada?
Thu Mar 9, 2006 12:03PM
Mainstream lenders will be offering bad credit mortgages or sub-prime mortgages in Canada. The new sub prime mortgage products will be backed by mortgage insurance from Genworth Financial Canada. Lenders will be offering lower rates to the self-employed and to...Debt help with mortgage refinancing
Tue Feb 14, 2006 01:02PM
Debt help question from the consumer who accumulated $36,000 !!! on 7 credit cards. Amazingly high FICO score to go with that. Q: I need pay off my credit cards, at least most of the $36,000 in debt I...Debt relief for the consumers as Cross Country Bank must pay $9 Million
Fri Jan 27, 2006 09:01AM
Debt relief is late but very welcomed as the Cross Country Bank, one of the nation's biggest sub prime credit card lenders, is ordered to pay $9 millions for its engagement in fraudulent and illegal business practices, according to...Statute of limitations on credit card debt in Alabama
Wed Jan 25, 2006 11:01AM
Q: Where can I find the statute of limitations on credit card debt? I live in the state of Alabama? A: Credit card debt is the Open-ended Account type in Alabama, so the statute of limitations is 3 years...Debt relief using your home equity
Wed Jan 18, 2006 03:01PM
This lady is screaming "debt relief", and she is right, but her husband needs some encouragement. Q: I and my husband have good credits and make $175,000 a year. We own a gorgeous house that is worth around $325,000....Helpful Links
Recent Entries
- Debt is validated, now what ...
- They cut out their credit cards, while I am getting more
- When transferring money on 0 percent interest credit cards
- MAD collection agency drives me mad
- Repossession and/or foreclosure after bankruptcy
- No validation provided by collection agency
- Sleepless in Seattle because of Wells Fargo installment loan and potential wage garnishment
- Medical bill goes unpaid
- Hard money mortgage lenders will
- Hardship program with Chase MasterCard
Recommended
Archives
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
Syndicate
RSS