My motor on my credit report is charged sour and closed, How is that going to effect my chalk up and report?
when it is payed off contained by full..Answers: If its charged off and closed, it be never paid, or at most minuscule its not reporting paid.
Seems close to it was any...
1. out for repo, and they never found it.
2. you were within an accident, it be totalled, and the insurance company didnt cover the whole balance(you didnt enjoy GAP ins.)
3. you left a small stability on the end of the loan and never compensated it, but they still sent you the title.
If you paid the go together...if should report "paid, chargeoff"
this will effect your credit evaluation tremendously, in a cynical way, for at tiniest 7-10 years from your last clearance, depending on what Credit reporting agency it is (experian, transunion, equifax)
call the lender right away, their phone number should be on the bottom of your credit report.
If it be paid bad n full then it would memo show up as closed and charged off. the information might be incorrect. if it be not paid n full, it will own a negative impact on your credit rack up and if it was salaried in full,it will own a great impact on your credit score. Banks love to see big loans paid stale.My advice to you is to phone call up the bank that the saloon was finianced from and see if everything is up to date or if you own anything past due.
How do I stop bill collectors from calling my work?
Answers: Send them a cease and desist letter.
just tell them you have no intention on paying...
they aren't calling to harrass although it may feel that way... they make money on you paying... (a percentage of what you pay goes to the collection agency)... if you tell them you are not collecting b/c you have NO MONEY or NO INTENTION on paying then they will turn it over to another department but they will stop calling...
easy, you inform them that they are not allowed to call your place of work, period! Any further phone calls will be a violation of the Fair Credit Collection Act and would be subject to civil penalties and a criminal complaint of harrassment that will be prosecuted to the fullest extent of the law.
You have the right for them not to call your place of employment, but they don't want you to know you have that right.
Don't take the calls. Hang up on them. Send a certified letter to them that you cannot speak with them at work. Never talk to creditors on the phone. Only communicate in writing.
Good luck.
Yeah, by paying the bill.
I had that happen long ago, and it was so embarrassing to have bill collectors calling me at work.
All good now years later!
I own a risk managements firm (aka collections agency) and I can tell you...
The FDCPA prohibits a collector from contacting you at your place of employment... #805.C. If the collector fails to comply with your request, you may contact the FTC and file a complaint.
Below is a link to the FDCPA guidelines (PDF Format) and a link to the FTC (Federal Trade Commission).
pay the bills
Cosigning woes?
Has anyone ever been stuck near a loan they cosigned for another person? I know I will be screwed but is nearby a way out if you can see the debt coming? I believe I will be stuck beside someone else's debt soon and wonder if there is any means of access to avoid this.Answers: Without giving you a lecture, the just way out is any to refinance the loan without your dub or bankruptcy.
The solely way to avoid individual stuck with someone else's debt is to not cosign surrounded by the first place.
Co-sign = "I know my friend is a bum who can't get a loan on his own, but I promise that if he can't repay it, afterwards I will."
You need to realise that "I promise... I will" money exactly that. You give your word to repay, and if you don't, after your word is no good, i.e., you very soon have a lousy credit rack up.
If the banks, who net a living giving loans to as many population as they can, have arranged that your 'friend' isn't worth the risk, then what would product you think the bank are wrong, and cosign so that he could get the loan anyway?
Unfortunately, there's not really anything you can do. Once the creditor realize they're not going to get repaid by the human being who took out the loan, they go right after the co-signer. If you know the being very in good health (the one you co-signed with), maybe you could try to address to them and get them to repay YOU for a time of the money. Basically, though, yeah, you're screwed. Sorry.