Can you apply for a credit card if your under 18 yrs of age?
Answers: you may apply if say your mom was to co sign one for you. you may also obtain what they call a secured card through your bank where you put $200 into a account and use it as colladeral. being under 18 will be hard to get any type of credit without a co-signer
Sure -- you can APPLY for anything, anytime.
Help beside a collection dispatch?
I received a collection letter from Asset Acceptance on an antediluvian telephone justification. Years ago I owed money to SBC in Wisconsin (where I used to live). Because I be negligent, SBC splashed my credit report with a denial inquiry. As of last year, my commentary with SBC have been removed sour my TransUnion credit report.I now hold a letter from Asset Acceptance stating that I owe SBC Illinois (not Wisconsin). I do presently live in Illinois. However, I never have a phone line within Illinois with SBC. This communiqué states that I owe Asset Acceptance $352.92, but they are willing to settle "my debt" for singular $105.88. In other words, Asset Acceptance followed my information from Wisconsin to Illinois.
I am asking of your help!! I do not know how to fiddle with this letter. I ask if I should cold-shoulder this letter. If I do, will this budge onto my credit report? Please advise. I would greatly appreciate it!
Answers: I agree near Sgt Big Red, Asset is one of the worst. That is one reason why you should not take no notice of them, but send them the validation note and followed by a SOL letter if it have been longer than 4 years from your end payment to SBC.
Phone bills "generally" dribble under the UCC (for produce & services) with a 4 year collecting SOL.
As for the reporting length, if it has be longer than 7 years then SBC's followed the FCRA by removing the explanation from your credit reports and Asset cannot legally place it posterior on.
If the letter you received is the first contact you have received from Asset and you are still within the first 30 days from unloading it, then Asset "must" call a halt all collections until they provide validation - if you distribute the letter inwardly the first 30 days.
You might click on my profile and click on the last intertwine listed to the free credit discussion board. You will know how to find free sample message templates for both validation and SOL junk mail.
Go to the following link to research these folks.
Asset Acceptance Corp has earn the distinction of one of "AMERICA'S WORST COLLECTION AGENCY'S". They lie, steal, cheat, misrepresent, directory bogus claims, create phony documents and commit perjury in the court system JUST to increase their bottom procession.
http://www.budhibbs.com/debtcollectorpag...
They are the type to re-date the debt just to bring it back on your credit report by altering the date of final activity. This is off the record under 15USC1681s-2] § 623
I invite you to combine the following Yahoo group "DontGetRippedOff" dedicated to helping those within financial trouble, Here you will find information to help you near debt collection agencies.
http://finance.groups.yahoo.com/group/do...
Don't get hung up (so to speak) on the SBC Illinois/Wisconsin entity -- both are just divisions of AT&T immediately, so sounds like you do owe an ripened debt to AT&T.
Even if this debt is within the permissible statute of limitations, I sort of doubt anyone's going to sue you for 350 bucks.
Your first step is to research the debt statute of limitations that apply to phone bills in Illinois, and possibly within Wisconsin.
On credit card what is difference between intial credit line and partial line amount?
Answers: There are typically three lines of credit on your credit card. The total credit on the card, the available credit which is the credit you have left, and the credit available for cash advances which is normally about half of your available credit.