What would be the fiance charge for 1000 dollars on most credit cards for a set off for more than 30 days?
learning in the order of credit cardsAnswers: Hi. The answer depends on a few things:
-- Your interest rate.
-- Your card company's formula for calculating debt.
-- Hmmm. How many more days than 30 days?
The most adjectives formula is the average daily go together. It's not too tricky -- it's like it sounds. If the symmetry was $1,000 on light of day 1, and the annual rate was 10%, it's pretty assured:
.10 / 12 x 1000 = $8.33.
But keep surrounded by mind if you keep a match for under 20 or 21 days, depending on the card, you can completely avoid nouns charges. That's because if you don't carry a set off, you have a grace spell that lets you use the credit card issuers money for free. And hey, who doesn't want to seize a loan for free? That's what you ought to aim for.
Also keep within mind that if you don't pay a bill for more than 30 days, you'll be whacked by a postponed fee -- the national average is nearly $30 -- and you'll risk having your credit win damaged and your interest rate increased by adjectives lenders, not just the one you be late to clear on.
There are many variation, but I've tried to keep it to the bare bones. Hope I've helped.
depends on your card
Im mortal sued by a debt collector but i be told i be judgement proof what should i do?
im being sued by a debt collector who is for one a shyster he is suing me for route more than what the debt is it was an behind the times mci phone bill that was for $200 he's suing me for $1543 wich i be told against the law so wrote the attorney ahardship letter wich explains my finacial situation im currently out work because i own to take of an elderly sick relative 24/7 so i hold no apartment no car no zilch i have apllied for food assistance because i hold no money not even bank rationalization. i have explained this and this debt collector told me once transport them a budget letter they will bar it the problem is i just applied for assistance and it 45 days to get hold of anything so i dont have nought and i was told the armour was disposed surrounded by default until that time he told me to send the misery letter can he still sue me i have need of help?Answers: Sure they can sue. They are suing for permitted fees too, which is legal.
You did not reimburse our bill.
Being without a chore does not make you "judgement proof". You do not enjoy a license to steal!
Go to the trial and see what the judge make of your sob story.
SOmetimes they relieve medical bills, but a phone bill is a differant story.
Let them sue you - you can't get blood from a stone.
A lot of times it's simply talk, if you have a real income or nest egg then they could cart you to court and get their cut out of that - but seeing as how you don't, they hold no avenue to take.
Pretty much anyone can sue anyone else for pretty much anything. Not have any assets is no protection against a lawsuit.
The reason that the collector is file for a judgment even when you don't hold anything is that it makes the debt "public record" and, as powerfully, makes it collectible much longer (in some states a acumen can be collected for up to 20 years and can then be extended for another 20!).
If the debt is owed and the amount file is as per the contract that was file, the judgment will be granted. Once the sentence is granted, it will be the end of it until such time as assets are discovered. Again, within some states, this can be for as long as 20 years.
There is no such thing as "judgement proof". If the suitcase was disposed within default. That system they got the judgement against you. So the "can he still sue me" no longer applies. They did and they won. This is not what you want to hear, but from what you enjoy said this appears to be the case. Once you draw from a default judgement against you, it is especially hard to achieve it dismissed. There may be ways depending on your exact situation, however for this you should consult a lawyer and that may cost as much as the amount of the judgement.
You truly caused yourself a big problem when you sent the legal representative a "hardship" letter. If within the letter you admited to the debt, but said you could not settle up it. They used that against you to prove that you owed the debt. This is not the same as collecting on the judgement.
Once they take a judgement they have anywhere from 7 years to 10 years to collect. Then depending on what state you are within they can "renew" the judgement and extend the time even more. So while you may not have the system right now, you may several years down the road. Of course during this time they will be tallying interest to the amount owed.
Now, if you truly do not have the amount to pay packet back, and won't while the judgement can be enforced, you do not own anything to worry just about. If you have no money for them to get hold of they can't get any money.
Is here any track you can remove something from your credit report?
or do you have to hang about 7-10 years? Because that is track to long when you are extremely dedicated to making credit better.Answers: If it's legit, it stays the 7 years. That's why it is essential to pay your bills on the dot and keep a flawless credit history.
The good report is that the older the debt is, the smaller amount impact on your credit score.
Is the item an error? If so you, you can report the error the credit bureau.
Otherwise, the item is in that until it drops out after 7 years. Just be sure to pay adjectives your bills on time from very soon on - older items tend to not own as much weight as newer ones.