I have a cc that was charged off by the original company but sold to a broker. do I still owe the debt?
Answers: yes you do still owe
Yes you do. Unfortunately the original company sold the debt to the current collector for a fraction of what you owe, and now you owe that company. The only way to get out from under debt is to pay it or to declare bankruptcy.
Sorry!
It depends.
Can they validate the debt?
Follow the advice in this link. Make them prove they can legally collect on this debt. Note I am not affiliated with this site in any way.
http://www.creditinfocenter.com/rebuild/...
Hi,
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It's legitimate.I came across this company on NBC News.Check it out here:
http://doiop.com/creditsolution2
How long does it pilfer earlier a desperate financial management, that hurt your rating, be removed from your account?
It's been roughly speaking 6 or 7 years since I had some problems beside Sears, will it ever go away?Answers: how long? you can refer to this adjectives resource
http://www.newhorizon.org/Info/credit-im...
its case to suitcase basis
adjectives d best!
Actually is 180 days PLUS 7 years that it will remain on your credit report.
What are credit unions?
Answers: They are alot like banks. However the big difference is that fact banks want your buisness to make money because banks are a buisness. Credit Unions however are not in it to make money. Usually credit unions are sponsored by large companies. Also credit unions are run by the members, the members vote for who they want to sit on the board and run it. The only downside to a credit union is if you like to travel a lot it might be hard to find ATM machines where you wouldn't have to pay a fee to use. However I know my credit union is in partnership with another major bank so i can use there ATM's for free. But all credit unions work slightly different. But I think it is work looking into as an excellent alternative to a bank.
similiar to banks but most have memberships to certain members because of their affiliation with the employer
ex: i was in the Navy and we have Navy Federal Credit Union
my former employer also had a credit union linked to them and you become a member if you worked at that job
a benefit of a credit union is that they offer better interest rates; credit cards etc
Credit Unions operate much the same as banks, but their account holders are called "members" some times you will find that they have much better rates for their members in auto loans and some of them on home loans too. Some Credit unions are non-for-profit organizations to serve their members.