How long after you purchase a home do you have to wait to refinance?
Answers: there is no limit as such and you may not want to do it for atleast around 5 years assuming the economic factors would change to make the refinancing rewarding unless of course
the economy becomes so bad that the interest rates go down
to almsot 0% chances for which are much less.
you must also be aware of the costs involved in refinancing
which can run upto 3(a) of the refinanced value.
You can refi at any time. Since the bill for the stimulus of the economy was signed today and the interest rates are definitely coming down, check an see if the rates come down sufficiently in order to make it worth your while to do a refi. If you are in a high cost of living area, your jumbo loan may be considered to be conventional for Fannie Mae or Ginnie Mae. But you need to refi before the end of the year.
A collection agency is demanding clearance for a credit card I never have!?
Federal Pacific Credit Company of Utah is demanding payment for a credit card I never have. I wrote to them and asked for verification directly from the "supposed" creditor and they sent me a bogus affidavit signed from the president of their own collection agency NOT from the actual creditor! Is this valid? I considered necessary actual proof from the creditor and they failed but presented an affidavit. To me, to be precise not proof. Anyone can write an affidavit. What are my rights? What can I do?Answers: You can spend all your time writing and going posterior and forth but the easiest way is to stockpile all paperwork and fail to acknowledge them.
Don't speak to them, they are junk debt collectors and usually try to collect a time excluded debt. They have no trial recourse except to harass you. If it be a legal debt, they would hold taken you to court by now.
If they show up on your credit report, merely send copies of your request for endorsement to the credit reporting agency and copies of what they sent you. This will get the item removed from your report. Make sure they don't try to re-date the debt any, that too is illegal CITE: 15USC1681s-2
if you are confident that you never have this card then notify them that you are going to report the matter to the state attorney general's organization.
that should make them run away.
but please take home sure to obtain your credit report from one of the 3 agencies who by ruling are supossed to give you one free
of cost once a year
your credit report will show if you have this card or not
Send them a certified, return receipt communiqué requesting VALIDATION (not verification). Indicate that you never had the credit card and the debt is not yours. Request they include copies of the contract or any other document that proves the debt is yours. If they cannot provide this type of proof that the debt is yours, they should cease and desist contacting you going on for this debt. Give them 30 days to respond.
Chances are you'll never hear from them again. But check your credit report to make sure they haven't put it on your report. Dispute the item beside the credit bureau, that it's not yours and the creditor failed to support. Attach a copy of your validation request.
I had this once. DENY, DENY, DENY it! Dispute it hoarding DONT GIVE UP!
YOUR NAME
ADRESS
DATE
PUT COMPANY ADDRESS HERE
Dear ____________________________,
I am writing regarding a debt you are trying to collect.
According to the Fair Debt Collection Practices Act(FDCPA), [15 USC 1692c] Section 805(c): CEASING COMMUNICATION: You must discontinue all communication near me after being notify in writing that I no longer yearning to communicate with you. Therefore, I constraint that you stop calling me at home, at work, on my cell phone or at any other location! In accordance with the federal FDCPA, in a minute that you have received this "stop calling" epistle, you may only contact me to inform me that you:
o are terminate further collection efforts;
o invoking specified remedies which are ordinarily invoked by you or your company; or
o intend to invoke a specified remedy.
Be advise that I am well aware of my rights. For instance, I know that any adjectives contact by you or your company violates the FDCPA and that since you already enjoy my location information, calls made by you or your company to any 3rd gathering concerning me violates article 805(b)2 of the FDCPA.
Be advised that I am keeping accurate archives of all correspondence from you and your company, including cartridge recording adjectives phone calls. If you verbs calling me I will pursue all available allowed actions to stop you from contacting me and my nearest and dearest.
Signature here: _____________________________________ Date:________________________
YOUR NAME
I had indistinguishable problem. They gave me the baptize of the creditor, I called them up and they verified I wasn't the idiot that they be trying to collect from.
They must give you the label of the company that they are trying to collect on. You can also have them verify the SS number, or previous address. I'll bet they just did a given name search surrounded by the phone book and there you be. Since the SS numbers won't match, recount them to take you to court near the SS number of the person who they are trying to collect on, and later see who is the idiot.
Additionally, I would check on your credit report to see whether this is a case of indentity breaking and entering.
Is there a limit on the amex black card?
Answers: You have to spend at least $60K a year on the card to have one. There is not credit limit. Only the rich can have these.
There isn't a limit but you have to be invited to get one.
I know a few people that have them. The annual fee is not cheap either.