How much are payday loan companies usually willing to loan, based on your income, e.i., 20%, 30%??
Answers: I believe that the amount may vary by state (Not sure)..But the major problem with the loan is the interest rate and the consequences for late payment.You may wind up paying several hundreds of dollars in interest, late fees, refinancing fees, etc.Would not choose this option except under extreme emergency or unusual circumstance, and then make sure you repay on time.....
A site I've recommended in the past would be...
http://www.safelinked.info/go.php?link=l...
Hope that helps.
i'm sure it all depends on credit or what have you, but most of the places i've gone to were willing to offer me about $300, after taxes my meager in come usually comes to about $1200/mo. so i guess... 25%?
Can this walk on forever?
A negative handling on my credit report is supposed to fall stale in 3 years according to what I see here. Can the collection agency renew my status as moving or sell it to another agency to collect beside the possiblility of it remaining on my report for many more years than originally stated?Answers: No. They can with the sole purpose report you to the credit reporting agencies for 7 years and 180 days. They can sell your portrayal to a collection agency, who can report you. But the agencies can only report you for the 7 years 180 days from the first time you come delinquent and not brought current.
They can, and do. My report has a bill from 1996. It be from AT&T, I moved from the house, cancelled the phone, and my roomates cancelled the cancelation, and rung up over $400. I contacted AT&T and told them it wasn't me, they said to show proof, I did, in the form of license from another state, as very well as proof I was employed contained by another state at time, yet they still keep hold of trying to get the money.
With me, it's not so much the money, as it is that it's in that fault, so I hold no intention of paying for it. Most credit companies don't care, I enjoy credit cards, two car loans and a house mortgage, so it didn't really effect me.
So if my response is wrong, and desrves the 4 thumbs down I currently hold, can you "smart" people who come across to think they can't, explain to me why I still own it listed on my report? It's nearby multiple times, same thing, renewed every two years or so, and adjectives state same info, acct# bill amount, ect...It says right on it, from '96, even my mortgage broker didn't take in it, but it's there.
Unless it is a court judgement, legitimately, it can not be on your credit report past the statute of limitations - which are different, depending on what state you live within.
Say you live in Indiana, and you hold an unpaid medical bill, services done in 2000. The statute of limitations for medical bills surrounded by Indiana is 6 years. So, the negative item would enjoy fallen bad of your credit report in 2006, UNLESS 1. the collection agency took you to court over it, and obtain a judgement, or 2. you made a payment sometime between 2000 and 2006 (that will reset the statute of limitations for another 6 years - from the date of the payment).
If you hold a judgement against you, in Indiana, it can remain on your credit report forever.
And, once it is bygone the statute of limitations, they can only ask you to income the debt. They CAN NOT take you to court for it.
So frequent answers..or should I say so several incorrect answers. The only one that be correct is hasdad.
Per the Fair Credit Reporting Act(FCRA) a negative item such as a Charge-off can single remain on your credit report for 7 years from the date of the charge-off, which actually works out to something like 7.5 years from the date of the first delinquency.
Under no circumstances can a creditor re-age this date, even if you happen to repay it off today. If they do they are surrounded by violation of the FCRA and can be sued. It does not event if they sell the vindication 100 times, the listing still must come bad from the date of the first delinquency.
Now, there is one exception to this. That is if they database a suit and get a judgement against you. In this valise the judgement can then remain on your credit report for 7 years or the Statute of Limitations for the judgement within your state, which ever is longer. This date starts from the date of the judgement and not the date of the original delinquency.
No they cannot, this is not permitted
RE-DATING OF THE DEBT IN VIOLATION OF
[CITE: 15USC1681s-2] ยง 623. Responsibilities of furnishers of information to consumer reporting agencies
a) Duty of furnishers of information to provide accurate information (1) Prohibition (A) Reporting information with actual knowhow of errors A person shall not furnish any information relating to a consumer to any consumer reporting agency if the character knows or have reasonable rationale to believe that the information is inaccurate. (B) Reporting information after identify and confirmation of errors A person shall not furnish information relating to a consumer to any consumer reporting agency if-- (i) the personality has be notified by the consumer, at the address specified by the personality for such notices, that specific information is incorrect; and (ii) the information is, in reality, inaccurate.
YES! GIVE THEM THE MONEY!
Washington state-law put somebody through the mill?
Does anyone know washingtons law contained by regard to items on an individuals credit report that own been file bankruptsy under?Is within a 7 yr limit, 10 yr impede, or can they leave the gloomy on your report indefinately?
Answers: Credit reporting is govern by the FCRA (federal). Derogatory trade lines have to be removed 7 years after the reason last become delinquent.
Bankruptcies remain on your credit report for 10 years.