Negotiate credit card settlement, how to settle credit card debt on your own and for less than you owe
Tue Feb 9, 2010 08:02AM
Reader experience update: I tried to negotiate what I thought was a fair credit card settlement with Discover. I have been a card holder for more than 6 year. I lost my manager position in the bank closed by Fed...Expired SOL letter sample
Tue Nov 24, 2009 11:11AM
This is the letter you sent to a creditor or a bill collector if the Statute of Limitations on debt has expired. Expired SOL letter should be short and to the point. Always check your SOL before offering to settle...Letter to revoke ACH debit authorization from Internet payday lenders
Mon Nov 2, 2009 12:11PM
ACH stands for automated clearing house, a network that electronically processes money and is the way payday loans debit the money from your account. All payday loan lender need to know is your bank routing number and your account number....Internet payday loan lenders in Minnesota must be licensed
Fri Oct 30, 2009 07:10PM
Q: Are Internet payday loans legal in Minnesota? I have three payday loans, and am struggling to pay. I am told that non licensed payday lenders are illegal, can not make loans here, and all I have to pay...How to eliminate credit card debt legally, fast
Wed Sep 23, 2009 01:09AM
I received this email from a reader who shows the simple and straightforward way how to eliminate credit card debt and do it legally and fast. It did take extra effort and few sacrifices, but he will be debt free...Paid in full letter sample - debt, loan
Sun Sep 20, 2009 12:09AM
Such a paid in full letter should be sent to a debt collection agency after you pay the amount you agreed upon. A differently worded letter is used to inform other collectors that are still collecting on the debt that...Delinquent medical bills affect credit score and mortgage
Fri Aug 21, 2009 11:08PM
There are several misconceptions about medical bills in general and delinquent medical bills in particular, with respect to your credit report, credit score and mortgage. With the summer housing market getting more active, low interest rates and all the recent...Payday Loan Consolidation Help
Sat Aug 15, 2009 07:08PM
Why to Consider Payday Loan Consolidation? If you deal with several payday loan shops and need help in paying them off, a payday loan consolidation program is certainly worth looking at. With different payday stores having different rules, due...Debt settlement is successful but Discover keeps status on credit report
Tue Aug 4, 2009 12:08AM
Q: I successfully settled $17,000 in credit card debt with Bank of America and Discover. I owed $7,300 to BoA - settled for $3,150, and $9,700 to Discover - settled for $4,000. While getting these debt settlement deals feels nice,...Best way to pay off credit card debt
Sat Jul 25, 2009 12:07AM
I am often asked this question, what is the best way to pay off credit card debt. My answer has always been - give me some details. Like how many credit cards you want to pay off, what are the...Negotiate credit card debt - how to renegotiate credit card debt yourself
Thu Jul 9, 2009 03:07PM
Credit card debt is quite a burden, isn't it? For individual like yourself but also for economy. Since our economy has been stagnating at the very least and is based mostly on your spending, you should negotiate credit card...Statutes of limitation on debt and judgment in California
Sun Jul 5, 2009 11:07PM
Q: Quick question, what are the statutes of limitation on debt in California? And while you are at that, what the judgment statute? I have had some debt and hope I am out of trouble. A: Here are the...Debt relief options and solutions from BCA
Wed Jun 10, 2009 03:06PM
By popular demand, here is the number of posts and pages related to debt and debt only, with short descriptions. Some offer advise and solutions to be used at your own risk, other are sample debt letters, yet other are...Tennessee statute of limitations on debt and judgment
Fri May 8, 2009 04:05PM
Q: I live in Tennessee. I have three questions: First, how long is the statute of limitations on debt in Tennessee? Second, how long is the statute of limitations on judgement? Third, what the difference between the two? A:...Ohio statute of limitations on debt - Written Contract category
Fri Apr 10, 2009 12:04PM
Q: I had my Audi repossessed by National City some 6 years ago. Yesterday I got a call from PNC collection department that I still owe $952, which was a a deficiency amount after National City sold it. First...Paying off debt fast - how to pay off credit card debt quickly
Mon Mar 23, 2009 03:03PM
Everyone wants to pay off debt fast. I would suggest to try paying of your credit card debt in sizable chunks, instead of doing it gradually. Generally, when it comes to debt elimination plans and strategies, virtually everyone advocates paying...Debt elimination plan, strategies and experts - do they know
Fri Mar 13, 2009 01:03PM
what are they talking about? If you listen to any debt elimination commercial, you think that the idea to eliminate debt should be on every one's mind. His plan works, her program works better, and so on. People like John...Statute of limitations on debt and judgment in West Virginia
Thu Jan 15, 2009 12:01AM
Q: What are the statutes of limitations on both credit card debt and judgment in West Virginia? A: Statute of limitations on judgment in West Virginia is 10 years, maximum interest rate is 10%. Statute of limitations on credit...Statute of limitations on debt - New York State
Tue Dec 23, 2008 09:12PM
Q: I am told that New York has 10 year statute of limitations on debt. Is that correct? I owe some major, at least for me, money to Capital One Visa and Macy's credit card from August 2003 and...Medical hardship letter sample
Mon Dec 8, 2008 12:12AM
If you have medical bills you can't afford to pay, you should write hardship letter to the hospital and/or your medical provider, and do it before you are sent to collection agency. Trying to explain the situation shows your good...Medical collections, unpaid medical bills, HIPAA laws
Wed Dec 3, 2008 02:12PM
Medical collections have always been treated somewhat differently than other collection categories. Almost everyone I know, and that includes yours truly, gets aggravated when some balance is due after a medical procedure. I personally know several debtors with unpaid...Writ of garnishment explanation
Tue Dec 2, 2008 10:12PM
Q: What does 'writ of garnishment' means? I heard that term few times on TV. A: Basically it is a process which is used to seize the defendant property that is in the possession or control of a third...Illinois statute of limitations on debt
Fri Nov 28, 2008 12:11AM
Q: Can you please spell out Illinois statute of limitations on debt? What is the statute, the times and what is what. A: I will try ... if I got the question correct, you want also the types of...Medical dispute letter for credit reporting agencies
Mon Nov 24, 2008 02:11PM
Independent health care providers and hospital billing departments often make mistakes, especially if your name is rather common. In case if your credit report shows a medical account or two, that you want to dispute, here is the medical dispute...Frozen bank account and debt collection
Mon Nov 10, 2008 10:11PM
Your bank account can be frozen by debt collectors, as soon as collection agency obtains a judgment. Your funds can be seized outright or bank accounts get frozen. The law, in general, permits collectors to go after anyone who holds...Collection agency requesting post dated checks
Mon Nov 10, 2008 12:11PM
Q: I am in process of settling with debt collection agency for $2,100 payment on what used to be a $6,900 plus credit card debt. The collection agency wants me to send 7 post dated checks for $300 each...Statute of limitations on medical debt, bills
Thu Nov 6, 2008 02:11PM
Medical debt is classified as closed-ended credit contract with a definite pay off time limit. Unless you have a separate agreement with your provider, medical debts are usually payable at the time services are rendered or, in some cases within...Virginia statute of limitations on medical debt and bill collection
Mon Nov 3, 2008 07:11AM
Q: What would be the statute of limitations on unpaid medical bill. I owe $350 to a local hospital from December 2002, and started getting collection calls anew. I live in Virginia. Also, is there a separate statute on...Previously settled debt letter for bill collectors
Thu Oct 30, 2008 12:10PM
If you settled a debt with the creditor or a bill collector but still are getting debt collection calls, this is the letter to send. With hundreds of thousands of noncollectable debt sold to junk debt buyers, you almost certain...Texas statute of limitations on debt and judgements
Wed Oct 8, 2008 07:10PM
Q: What are the statutes of limitations in Texas on both, debt and judgements? And what is the maximum interest rate? A: Last checked, Texas statute of limitations on debt is 4 years across all types, including Oral Agreement,...Debt validation - your best shot against collection agency
Thu Sep 18, 2008 03:09PM
Debt validation also called debt verification is often your only weapon against all those pesky collectors. Under the United States Federal Fair Debt Collection Practices Act or FDCPA, you have a right to challenge a debt and receive written verification...Debt validation letter and few facts
Thu Sep 18, 2008 02:09PM
The letter to validate debt should be written in short and clear sentences with some legal terms sprinkled around, so debt collection agency understands, that, at the very least you did your homework. Again, send it by certified mail with...Statute of limitations on debt and judgements in Alaska
Fri Sep 12, 2008 04:09PM
Q: Can someone tell me what are the statutes of limitations in Alaska on both debt and judgement? I get all sort of conflicting ideas. I used to live in Alaska and moved away two and half years ago,...Arizona Statute of Limitations on debt collection
Mon Sep 8, 2008 01:09PM
Q: What is Arizona Statute of Limitations on debt? I am about $4,000 in debt and need to know when it expires. A: You should have specified the type of debt you are in, e.g. car loan, credit card....$20,000 in credit card debt, but debt relief isn't coming fast enough
Wed Jul 30, 2008 12:07PM
Q: I have $20,000 in combined credit card debt and has paid on time. I lost my job 2 months ago and am about to miss few payments. I worked as programmer for 3 years after graduating, and my...Debt relief question on credit card debt
Fri Jul 11, 2008 03:07PM
Q: We need some debt relief and we need it now. Have about $36,000 in credit card debt, besides mortgage, cars and small school loan. We are still current on credit cards but I feel we are about to...Two collection agency try to collect the same debt
Thu Jul 10, 2008 11:07AM
If you receive collection letters from two or even more collection agencies on the same debt, don't be too surprised. It happens all the time, and is getting worse these days as economic situation is not improving, to put it...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...Wage garnishment in Washington State - sleepless in Seattle because of Wells Fargo installment loan
Fri Apr 25, 2008 10:04AM
Q: I had an installment loan with Wells Fargo, I live in Washington State, Seattle burbs to be more precise. Lost job when Boeing moved to Chicago. My car was repossessed and according to Wells Fargo sold for $13,400....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 in California
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
- Negotiate credit card settlement, how to settle credit card debt on your own and for less than you owe
- Expired SOL letter sample
- Letter to revoke ACH debit authorization from Internet payday lenders
- Internet payday loan lenders in Minnesota must be licensed
- How to eliminate credit card debt legally, fast
- Paid in full letter sample - debt, loan
- Delinquent medical bills affect credit score and mortgage
- Payday Loan Consolidation Help
- Debt settlement is successful but Discover keeps status on credit report
- Best way to pay off credit card debt
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