Where can you refiniance when you have bad credit?
Answers: u can't
Yes, but you will pay a higher rate
http://www.mypowermall.com/Biz/Home/1054...
sorry refi What?
suggest u find 2 pt/tm jobs and work to pay off ur debt slavery b4 being sold.
visit dave ramsey.com to learn some hard lessons coming ur way.
I owe $1500 on one credit card, My report have be sold to a collection agency. I hold the money, do I money it
IAnswers: If the account is so delinquent that it be sold (greater then 120 days) you paying bad the debt might not do anything to help your credit. Ethically you should foot, but it may not help next to your credit score. You should communicate with a credit service. Usually the first consultation is free.
Try to negotiate. If it's possible, you want the collection agency to promise you that they will remove this from your credit report if you reward it off.
Good luck.
Call the credit card company and speak next to someone who deals beside accounts that are in collection. I doubt it would be the being who answers your initial call. See what they read out before you jump the collection agency. If it is already with an agency you might not enjoy a choice but to go through them, I'm not sure on that. Whomever you converse to see if it is possible to keep it rotten your credit report.
Another thing is consider if you hold any other accounts that might be going to collection. If you do, you might not want to pay one big bill stale, you may want to make sure you are making the payments on others surrounded by order to keep hold of them from collection. HTH
Yes you should pay it bad, but make sure you take written reciept of the transaction and a written statement that the collection agency will stop harassing you. You want to protect yourself and have proof that everything have been rewarded.
Keep the paperwork as ammunition against them and future collection agencies will not be harassing you. Some collection agencies will shift overboard.
see how old the debt be an the last distraction on it !
never pay collection agency until you seize it in wrighting
and never bestow out your checking or routing number
get acopy of your credit reports from annualcreditreport.com
check your credit see if it on it .. after 7 years you hold dont pay it falls bad any way statue of limitations
PAY IT IMMEDIATLY!!
If it have been smaller amount than 30days since it was turned over for collection consequently it moght not show on your credit report.
Skip the advice of paying the Original Creditor direct, they a short time ago forward on the money to the collection agency anyway and if you dont pay the correct match ten the collection agency wolt list it as remunerated and can still harm your credit.
I would contact the colelctor and ask for a supervisor and kind arrangments to pay it if they REMOVE it form your credit report. They are beneath NO obligation to do so, it is a favor, so remember that.
seize it in WRITING that they will remove it.
Well if you are going to repay it I suggest that you asked for this to account to be delete for a payment contained by full. Hey they want there money they will be more next happy do to that. You must be vastly diligent with this process, collection agency's are know be be dishonourable and you will get a horrible surprise on your credit in a few years.
1. hail as the agency up, tell them i am prepared to compensate for this obligation for within ex chance of ALL unenthusiastic information for this account to be removed. If the repressive dose not do this discuss to a supervisor. They will ask you to do a payment over phone for this, thats resembling giving money to junk patio dog. Tell them you are going to send a message discussing the teams discusses, or enjoy them send a missive to you with the tearms. I own enclosed a indication letter beside a agreement you could send certified. Once they recived the certified communication or you recived the letter from them. Send them a money direct! never a check or anything with a personal info. Hang on to adjectives that for a life time, verbs your credit report in 3 months and if nearby is any negitive info on this account you can report a law suit against them. where on earth you will win, and if that dose happen post another answer within here for advise. these steps will amass you thousands.
Dear Creditor,
Re: account no.
This is to confirm the settlement propose agreed upon by me and your customer service representative <name>, <phone no.> on <date.>
I really appreciate that your company is willing to work near me in settling this debt.
The amount we agreed to settle this debt surrounded by full is $_____. However, any references to past due payment, collections, charge offs and other negitive information on this statement must be removed from my credit file.
If the above expressions are acceptable to your company, please sign the attached memo of agreement and return the copy to me. Only upon the receipt of the ?signed agreement?, I will transport you a money order surrounded by the amount stated above.
Yours truly,
Your Signature
Your Name
Encl: <list of attachments>
Credit Card 719 FICO?
Question.I’m a twenty year old student near a FICO score of 719. I own two credit cards. One my parents pay sour strictly for emergencies, and the other I basically received a few days ago. The second card has a pretty illustrious APR at 22.74. Is this APR too high? Should I reverse it or keep the card? If I do quash it, will it hurt my credit score? (Keep surrounded by mind that the card was issued a couple of days ago and have never been used) I won’t walk crazy with it and I know that if I use it I can save up with the monthly payments. Thank You.
Answers: HI! I muse you answered your question contained by the second part of your statement. IF you're gonna be responsible afterwards keep it! If not Cancel it.
CHANCES are that if you received it, it's already on your credit report. So it may be best to hold it. BUT HONESTLY, no one know how these bureau's including FICO really formulate their equations. It's proprietary and NOT public. Canceling it and/or SENDING it back May NOT increase your mark and MAY hurt it. But I'm not really sure.
The important point is being responsible! Then you know your rack up will go up!
And by the instrument that APR is pretty high!
B of Luck!
PS... canceling it may not shift your score at adjectives too!
Well what is your APR on your other card..can you use that one for emergencies if the APR is lower?
The APR is probably superior because you are young.hold it, don't cancel it, but payment it off every month. this will increase your ranking as well.
Ok dont listen to that personality about canceling ur card.
It will condense your score...Keep the card interested but at a 0 balance. Creditors approaching to see how long you maintain your accounts. The elder the account beside 0 balance is appropriate. It shows the banks etc...that your responsible.
KEEP IT, but don't fetch a balance on it. Yikes, that's giant! I had a student card contained by college that went to the rate as economically. I paid it stale and now it is locked surrounded by a safe. I lone use it to buy a few iTunes each month.