~~~Can a Collection Agency do something with the sole purpose near my name-------?
Question:
Hi, I got a call from collection agency saying that used my credit card to buy something for $700. It be a credit card that I lost many months ago. Somebody used it. They speak that this credit card didn't go thru the subsequent day, but they released the product to the individual when he used my credit card.
They call me and say that I am responsible of this debt, they influence that the signature in their folder signature it is mine and I bought it.. This is Wrong, I don't know what they talking going on for.
They have threatened me that they will do something against me.
Can they do SOMething to my credit or hurt my credit with the sole purpose with my signature? They only own my name. I am within Socal California.
What should I do? What are my rights??
Answer:
Contact the credit card company and dispute the charges, you may only be responsible for a small portion of the unauthorized charges. In decree to dispute unauthorized charges, you only enjoy a short period of time, you should read your credit card agreement. You may want to folder a police report also, that would help you to dispute the charge.
When you lost the credit card, did you notify your credit card company...or did you do nil? When was this purchase made, and did you receive a statement (or more than one) next to the purchase on there?
So long as you reported the credit card as lost or stolen, you should not be responsible for any charges made on it.
Credit Cards payments please relieve?
Question:
Hi could someone help me. I hold a few credit cards and on each of them i enjoy purchase interest and balance verbs interest. When making payments do you clear purhcase interest first, then the match trasnfer and then change interest? how does it work?
Answer:
Unfortunately you cannot specify how you want your payments applied if you do not pay the picture in full. Most credit card companies will apply your pocket money to the portion with the lowest interest rate first.
what is the difference between 'credit card' and 'debit card'?
Question:
how I am gonna be charged for those?
Answer:
A credit card is backed by a dune that vouches for you and charges you interest on the items you buy. Every month a percentage is added to your bill and adds up. When you spawn the minimum payment on that card, you are necessarily just paying the interest on it, and you closing up paying an extra 10-18% on what you buy...Each month. A debit card is tied to your bank information, and withdrawals the funds out of you depiction on the spot. Your line of credit is one and only as good as the amount of money surrounded by your checking account.
credit card is you borrowing money from the credit card company
debit card is when it comes right from your checking sketch
charges depend on the banks/credit unions involved
In a debit card you must own an account and respectively time you use it they disccount you the money from that account.
In a credit card you enjoy a credit limit (or conceivably ilimited if you have biddable references) and each time you use it it's approaching if you borrowed money from someone. Monthly you have to foot your credit card with an exact ammount!
A credit card allows you to spend more money than you hold. If you have earnt lb1000 and you put it surrounded by a bank rationalization, but you have a lb1000 credit rein in then you can spend lb2000 near your credit card. If you had a debit card and like lb1000 (and no overdraft) you could only spend that lb1000.
Credit cards charge you to use your credit (because it's their money), the longer you hold it outstanding the more they will charge you. You are not charged to withdraw money that is to say yours though - so you shouldn't ever be charged to use a debit card.
With a debit card, as soon as you use it the money is taken from your account.
With a credit card, you usually hold up to 30 days to pay the amount charged or you'll enjoy to start paying interest.
A debit card takes money directly out of your checking report. If the money's not in your side, your purchase won't go through.
A credit card literally give you credit, and you have to compensate it later, regardless of how much money you hold at the time. It's only fixed by your credit limit.
Debit is your money credit is the credit cards money you owe them and you settle interest when you use them.
debit card- automatically withdraws from existing checking or hoard account from money you already enjoy, bank may charge annual charge
credit card- your money comes from the company that they are basically loaning to you for the month and it isnt associated to checking or savings- higher interest if you dont income the balance, deferred fees, some have annual fees
debit card take money from your own checking account. Careful of overdrafts, as this is how bank rape the public with outrageous fees.
credit card is essentially borrowing money from a dune at a high rate IF you don'r pay envelope the balance.
A credit card is simply a loan from the issuing bank. They extend the dash of credit to you based on your credit history, and you craft monthly payments based on how much of that queue you advance. A debit card is mostly linked to your edge account, and allows you the freedom of making purchases next to funds directly taken out of your account...devise of it as a "paperless check." As far as being "charged" for them...I am not sure what you are asking. A credit card sometimes have an annual fee, and within is always an interest charge if you don't salary the balance within full at the end of the month. Some bank charge a monthly fee for a debit card, some don't.
Difference? hmmm. borrowed money and your money.
What is a Debit Card?
The card you use at the ATM is certain as a debit card. When debit cards first appeared it was unforced to tell them apart from credit cards. Debit cards didn’t enjoy a credit card company logo on them; instead, they usually just have your bank nickname, your account number and your christen.
Today debit cards look exactly like credit cards even carrying impossible to tell apart logos. Both types of cards can be swiped at the checkout counter , used to make purchases on the internet, or to repay for the fill-up at the gas pump.
When you use your debit card to make a purchase, it’s purely like using brass. The account specifically attached to your debit card, in most cases your checking explanation, is automatically debited when you use your debit card. The cost of your purchase is deduct from the funds you have contained by that account.
What is a Credit Card?
On the other mitt, when you use your credit card to make a purchase you are using someone’s else’s money, specifically the issuer of the credit card, usually a bank institution.
In effect, you agree to pay them rear the money you borrowed to make your purchase. In addendum you will also pay interest on the money “loaned” to you at the rate which you agreed to when you applied for their credit card. This is set as the annual percentage rate (APR).
While the two cards might act and look alike, the level of consumer protection that each type of card provides can vary.
A debit card is accepted for fee only if you own money in the mound to cover the amount,or an authorised overdraft.
You get charged interest next to a credit card after an agreed interest free period.
where on earth can i use my horizon gold ingots card at?
Question:
Answer:
only at their website thehorizonoutlet.com. They don't own any thing that I similar to. They are reporting on my Transunion report.
rate up time?
Question:
how can i contact if i have rewarded for something and found out it was a scam.
Answer:
If you compensated with a credit card, and report this to the credit card company, and record the neccessary paperwork, you probably won't be liable for the purchase, but that depends on a number of factor. I'd get on that right away if I be you as you usually have time limitations contained by which to file such paperwork.
Well you will hold luck if you get contained by contact with the company, but shift to the website where you bought it(if not already closed) and look for a contact us button close to the bottom of the page or on the side. Sorry you got scammed and correct luck getting your money back.But dont achieve your hopes up because you probably have a 1% of getting your money stern
Sucker!
it was a scam, righteous luck.
best the luck
How do you digit out the monthly payments for Credit Cards?
Question:
I'm transfering 3 Credit Cards to just one next to 0% for 6 months.
After talking to a useless customer service rep, I enjoy yet to numeral out how to calulate my new monthly payments beforehand I transfer.
I be always told to divide the set off by 48 months.
Anyone know for sure?
Answer:
Every card is different.
Look at the terms of service for the different card. It should have the minimum monthly payments programmed. It is usually something like "Minimum due is 6% of set off OR $25 monthly, whichever is greater."
since it's 0% for 6 months only embezzle your total and divide it by 6 that will give you a gift amount that will pay past its sell-by date during the 0% period . . the minimum allowance is usually based on a percentage of what you owe . . you'll obligation to ask your creditor what rate they use. , always clear more than the minimum payment .
best bet: discharge 1/6 of the balance respectively month, so you don't pay any interest
minimum payments are usually 2% of the balance--but those keep hold of you paying for 20-30 years
Usually minimum payments on credit cards are between 1% and 4% of the total outstanding balance, next to a minimum payment one between $10 and $25. The exact numbers are in every card's jargon & conditions. Dividing by 48 works if the minimum payment is 2% of the match (1/48 is approximately 2%). The exact way is to multiply by the percentage.
If this is a Citibank card, you'll be better past its sell-by date paying more than the minimum payment if you want to apply for more cards from them within the near adjectives (because their proprietary internal scoring system keeps track of your payments). Don't know if other companies salary as much attention to this as Citi.
What if one skips banruptcy and only stops paying credit card bills?
Question:
Credit cards are unsecured debt, so what can they do if someone simply stops paying them instead of going through bankruptcy?
Answer:
Have fun within jail :)
Some of them will transport your debts to collection agencies, and some might sue you in court
Once they sue you, they can remove money from your mound accounts, garnish your working wages, or take assets. You don't want to come to that point. Pay the debts or make arrangements to settle for smaller amount than the amounts owed. If you can't do that, then contend chapter 7 bankrupcty if you have small income, or chapter 13 if you engineer a lot, and catch it over with.
honest luck with that they are going to sue you anyway, I don`t know
Courts, attorneys, judges, and lawsuits!!
trimmings your wages, trust me it's happend to me.
First they will completely ruin any credit you might have not here. They will add huge fees and penalty. You can thank Dubya for making the next section very graceful (which used to be quite hard) for them... Next, they will tug you into court and obtain a judgement against you. With the judgement, they can literally embezzle money out of your bank accounts, and force your employer to rate part of your wages directly to them. And higher than all that, they will incorporate on HUGE legal fees, which you also enjoy to pay. Pay 'em or record for bankruptcy or you risk a living hell through the courts and collection agencies. It's your phone call.
u will be charged late fees every month..consequently over the limit excise every month (when it hits that point)..your interest will then shoot sky glorious because it's in dafault... they will ring up you daily, transport you nasty post, and eventaully take you to court..garnishing wages, get your income taxes, etc.. It's much cheaper to wallet bankruptcy..any way, it's going to ruin your credit but better to ruin your credit and NOT enjoy to pay than ruin it and still own to pay what will next be more than twice what you owed to begin near...
Pls distribute my sss contribution and bal of my loan?
Question:
Answer:
Check out www.sss.gov and fill out further information.
I reflect on you're in the wrong place; or we obligation a lot more info.
Credit Counseling or Going on your Own?
Question:
I am trying to pay rotten my credit card debt and get my finances fund on track. I am leaning towards going next to a credit counseling service but really would like to verbs myself out of the hole myself if at all possible. My give somebody the third degree is does anyone know if your credit card companies would be willing to work near you on lowering your interest if your credit score is not awfully good? If you relay them you are thinking of counseling would they work with you? I hold a long history with my two cards and in good time payments. I hate the thought of ruining that history if here is any way I can verbs myself out on my own. Any advice would be appreciated.
Answer:
Do not ever bring up to date a CC co you are looking at credit counseling. They effing FREAK thinking you are going to stop paying and they are going to get the shaft.
SO MANY of these credit counseling co.'s are a rip sour. They tell you they are getting you a agreement, and then after they draft your justification and screwed up your payment cycle by not paying your ccards, they report to you the deal did not progress through, or the terms are not what they said.
I get totally screwed doing this and jeopardized a good relationship beside a creditor because the counseling service did not pay them on the dot and I lost my preferred interest rate status. Up till then I have paid in good time.
I did get my $356 duty back from Debt Set, the company who be supposedly finding me a deal through a "negotiator" that fell through. But I be one of the lucky ones and still had to dance back and verbs up the mess with my cc relatives.
If you have a obedient pymt history, you are better off conversation to them yourself to see if you can get a better interest if you freeze, or even verbs a balance and afterwards freeze. MAKE SURE YOU GET, READ, AND UNDERSTAND ALL TERMS BEFORE YOU SIGN ANYTHING! OR LET THEM DRAFT MONEY FROM YOUR ACCOUNT.
It's much better to try to pay the bills bad yourself than going to credit counseling. Very little of the payments to the credit counseling people go to the credit card companies. Also, when you negotiate payments with a credit counseling company they show as "negotiated" on your credit report, not as "remunerated." - which shows as negative on the credit report.
It's much better simply to try to pay your credit card bills yourself - as long as you rate on time respectively month and pay more than the minimum (and preserve lowering the balances respectively month), your credit score will be in motion up. You can ask the credit companies to lower your interest rate, but considering your low credit score you probably won't take it. Just cut up the cards so you can't use them anymore and continuing paying.
Credit Counseling : Go for itYou are not a Pro Financial Advisor
If you are caught in the debt trap, you necessitate the services of credit counseling agencies. These agencies assist people who are burdened by debt. They are staffed by experts who own a thorough knowledge of financial nouns
How i attain a credit card near bleak credit?
Question:
Answer:
You have several option if you have desperate credit...
First, you can try an 'secured' credit card (which requires a security deposit). These credit cards are the easiest to acquire because your credit line is 'backed-up' by your deposit. Normally, your credit delineate is equal to the money you put down-- and if you default, it will cover your debt. You can find a complete schedule here:
http://www.asapcreditcard.com/secured-of...
'Unsecured' credit cards are also a choice for people near poor / no credit. They DO NOT require a security deposit, but may own a higher APR and some new fees when compared to 'standard' credit cards. Since you'll pay extra for a secured or unsecured card, I would recommend trying an unsecured donate here (since you'll avoid a security deposit):
http://www.asapcreditcard.com/unsecured-...
Both types of cards will give a hand you rebuild your credit and boost your credit score. Eventually, next to regular on-time payments-- you'll be able to apply for better offer with lower APR's and smaller number fees.
Hope this helps. GOOD LUCK!
Are you looking for one? I'll transport you mine.
Just apply for one of the many solicitations sent to you within the mail, or through your ridge. You may have an extremely giant finance rate, though
Yes now-a-days you can get hold of one. But you have to try by innards forms of different organisations. you can fiond some in your locality through yahoo or G00GLE force out.
To know more you can visit
http://creditcardbiz.blogspot.com...
and
http://geteasyloans.blogspot.com...
You don't. There is nought a credit card can do for yo that a debit card can't, except put you into debt. Needing a credit score or credit history is a myth: you don't obligation either. Pay bread for what you want and you can buy anything.
If you have a Bank Account...they should be capable of give you a secured-credit card ( almost close to a debit card). This should start building or adding to your credit history.
Good Luck...and work on shooting up your credit.its too hard to re-build but you can do it..
http://www.OrchardBank.com
Yes. You can acquire Bad Credit Credit Cards. These are same as normal credit cards.
Its a policy voilation of yahoo if i post any join here.
Just mail me at solidoffer11@yahoo.com beside subjet- Bad Credit credit cards . I will send a association of best website where you can find right offers, tips and resources.
Best wishes
Try First Premiere Bank Mastercard.They'll start you beside a low amount at first.But it will help boost your credit gain.
There are plenty of providers who do this. Look under my profile for credit. You can even be guaranteed a card in our day. You just call for to know where to look.
For a free consumer chronicle of credit card companies that issue credit to people beside bad to no credit history call round http://www.bad-credit-credit-card-for-pe...
Major credit card issuers like Discover, American Express and Chase contribute a credit card for bad credit holders. A 'shopping' card offer you an unsecured line of credit from specific seller. Use these cards to increase your credit rating, since the credit bureaus will be informed about your timely payments.
When choosing a credit card for fruitless credit holders take caution to see that the lender does not levy exorbitant charges. Unscrupulous issuers can charge a program fee, an article set up fee, and an annual card allowance etc. Authentic companies ask only for an annual duty and very little.
While probing online for an instant approval credit card for bad credit holders, you may mistakenly apply for an unsecured card specifically really a 'shopping' card. This card is similar to a normal credit card, but you are allowed to buy singular from select sellers, online shops or catalogues. Though it is a worthy idea if your credit register is bad, you cannot use it for shopping at local retail stores, restaurants, or to book airline or motel reservations.
Does co-signing on an auto loan majorly bar your probability to win another auto loan 2-3 months then?
Question:
- My co-signer has worthy credit. A 10+ year record, probably flawless.
- Carries a mortgage.
- No other coup or child support or any other recurring debt.
What do you guys estimate? My mother is afraid to co-sign for me because she is not sure if she will be able to attain another car contained by 2-3 months for the family within case we want it, is this a necessary verbs?
Answer:
Your mother has EVERY right to be concerned.
However, she is concerned for the wrong object.
She should be MORE concerned of your ability to repay that loan vertebrae MORE than her ability to qualify for a up to date loan.
The creditors made you get a co-signer for a judgment. Based on your credit history -- YOU ARE NOT RELIABLE!
So they made you find a patsy who will be foolish enough to put her polite name and credit on the column to vouch for you in bag you create a "hot mess".
Why do I see the writing on the wall??
Co-signing loans are rarely a win-win proposition.
Yes. It change the debt-to-income ratio. She is right to be concerned.
Even a credit check can adversely effect your ability to carry a car loan. Your mother is unquestionably correct in worrying that she may not be capable of get another loan, especially within such a short period of time. I would suggest that you don't put her contained by the position and instead buy a car that YOU can afford on YOUR credit alone. This is a secured loan (the easiest description of loan possible...even my college kid was competent to get one), so if you are inept to swing it on your own, then you inevitability to get a cheaper motor. If you DO have plenty of money and STILL can't bring the loan you want---wait a few months and save up the loan pay-out. A bigger down payment will be adjectives you need to catch the loan on your own. The finance company solely cares that they NOT lose money. If they can repossess the coup and still come out ahead, you will get the credit dash. You just requirement to make a big satisfactory downpayment to make that practical and if you delay your purchase for a few months, you can mount up a MUCH healthier down costs. Additionally, you will find out if you are actually competent to make the monthly payments smoothly. Live within your technique and good luck.
she is still responsible for that loan even if she co signs and it will show on her credit rating
of late according to her salary she still may be capable of borrow more money though as auto loans have a secured collateral
If I own a credit mark of 550 how can I return with it highly developed?
Question:
Answer:
In order for you to do this okay, you have to think through how the credit scoring system works:
http://financialbasics.blogspot.com/2006...
http://financialbasics.blogspot.com/2006...
Hope this helps
pay packet your debt down and keep it down for 6 months.
retribution stuff off and dont overt any more accounts ANYWHERE!
Pick a credit card and pay it down so that the set off is very low. Do this, one card at a time, and within six months your score will rise. The greater your balances are, the lower your score--even if you repay every month. Also, do not apply for more credit because each time you apply your gain declines.
pay envelope your bills on time dont be behind schedule pay your debt
seriously, give somebody a lift out small loans at the bank. DON'T SPEND IT!! Use impossible to tell apart money to pay stale the loan quickly approaching in 2 or three payments, and do this habitually. it will build your credit. Also remember any time your late paying anything at adjectives that goes against your credit.
How did your credit become so low? First of adjectives you need to stop doing anything caused it to be in motion this low. But what's done is done. So, make sure adjectives of you credit cards have balance of less than partially of the credit limit, first.
Pay ontime, at all times in good time. If the due date is on 28th, do not send settlement on 26th. Send it on 15th. Do not open any up to date credit, don't bother with store credit card for a 15% bad a purchase. You probably won't get the topical card anyway (because of the score), but inquiry will further lower your score. After 6-12 months of moral behavior, your credit score will start on the increase. It is a slow painful process, but take only 1-2 belated payments to screw it up.
There are lots of ways to accomplish what you want but only 1 best course. If you have lots of time and firmness, you can take a stab at it yourself. I believe, however, that your credit is at most minuscule on the same smooth of importance as taxes (which most those have professionally completed). We partner next to a non-profit company that does all the leg work for you and hopes to modernize your score 90 points surrounded by 90 days. Check out the credit repair link at www.totaldebtsolutionsllc.com
Keep your credit cards compensated on time and hold on to low balances on them. If you hold any debts that are in collection run a look at your credit report to make sure the info is accurate and not over the statute of limitations for them to request pocket money from you. MSN had an article titled "Zombie Debt", it explains greatly about matured debt what to pay and what not to clear and what your rights are as a consumer. Also check the www.ftc.gov. It is the website for the federal trade commision. They have info on the subject as economically as a list of states and their time delineate for statute of limitations on debt collections. If your score is low due to liquidation your score will increase once the collapse drops off your credit report. One final information. Beware of companies offering to repair your credit. These places scam you out of money by offering payment plans to compensate off debt. You pay cheque them to set up a payment calendar...you can call the credit card companies and other debtors and do that yourself and its free. Good Luck
diminish the amount you owe to creditors, lower limits on credit cards other pay them rotten at the end of the month don't get balance from one month to the subsequent , always settle more than the amount due and always rate before the due date on loans or mortagages. Close accounts you no longer use. Always reimburse your debts do not default on them.
my sister be told that after so many years debts drop bad your credit report so she decided she would dawdle and see what happen very well they dropped off the report but her credit win didn't change because she didn't wages. She used the CCCS to pay backbone her old debts and presently her score is rising. (you can negotiate near your creditors your self if you have the time but for her it be easier to have someone else do it)
The best passageway to a rising score is compensate back what you owe.
you borrow,rate it off contained by time-repeat
Website for roll of lost of stolen credit cards?
Question:
Where can I get an up to date document of stolen and lost credit cards to prevent being ripped bad?
Answer:
If you accept credit cards as wage for services, any cards reported lost of stolen will be declined when you run them for approval. Since you are supposed to do this during the transaction, you don't have need of a list. Even if it be legal to post such a catalogue, which is seriously doubt, there would be no sense to do so and plenty of reasons not to.
I took out a payday loan from M1Y direct, does anyone know the website for them?
Question:
I need to know the website.
Answer:
I doubt they own a website, you may want to send them a certified memo. Looks like they are no longer incorporated surrounded by Nevada, they may have gone out of business and a collection agency bought their accounts.
M1Y Direct
P.O. BOX 881574
LOS ANGELES, CA 90009
877-619-6584
https://esos.state.nv.us/sosservices/ano...
M1Y Direct have a cease and desist charge keeping them from doing business. Check it out at http://www.corp.ca.gov/enf/info/dr/06pdf...
Does anyone know what a Loan to Value is on a sports car loan?
Question:
I'm doing a homework assignment and trying to research vehicle loan payments. But one of the criteria that the bank uses is what is call a "loan to value" some say 100% others vote 90%. What does the 90% on a loan to value connote?
Answer:
Loan to value finances what percent of the value you may borrow. If you buy a $10,000 vehicle and the loan to value is 90% you borrow $9,000 and discharge a $1,000 down payment.
From the lender's perspective the sophisticated the loan to value the riskier the loan because (1) the borrower have nothing to lose by not paying and (2) the probability that the merit of the collateral will depreciate faster than the outstanding balance on the loan is gretaer. If that happen and the lender must repossess the collateral the lender still might not be able to pick yourself up the amount he is owed.
Loan to Value (LTV) basically resources the percentage of the loan amount to the value of the vehicle. Many institutions will use a lofty retail value, not the private group resale value. Each institution will change in their lend guidelines--often times, this will depend upon the borrower's credit situation, as well.
The amount borrowed compared to what the vehicle is worth.
A ratio that relates the maximum loan amount to the importance of the car. If the have a 90% rule, they would loan up to 90% of the cost of the car to a qualified borrower. That method you would need 10% down, or equity within the car. It also describes a demanding loan. If you paid 50% down, the loan to significance would be 50%, and the high equity would credible earn you a better interest rate.
I work for a finance company. For saloon loans our loan to value is 80%. That finances the amount of money we will loan you for a vehicle is 80% of the bluebook value. For example: You found a sports car to buy that has a bluebook expediency of 15,000.00. 80% of that is $12,000.00. Our loan to you would be $12,000.00.
simply put loan to meaning is the amount they will loan you compared to the value of the sports car. you said 90% ltv look at it this was a 100 dollar coup with a 90% loan to value(ltv) be set to they would loan you 90 dollars on the car
If you buy a saloon for 10,000 and put down 1,000 you would have a 90% loan to pro, the car is worth $10,000 and you owe 90% or 9,000.
90% loan to merit means they will loan up to 90% of the convenience of the item. The definition is the same for cars, houses, or anything else. If you buy from a broker the promises to 'payoff your trade no matter how much you owe', you could twirl up with a 150% loan to meaning. This is generally a outrageous idea.