I own a debt that I don't owe. What do I do beside it?
Question:
I bought a cell phone from Sprint when I lived in California from Texas so that my mom could telephone me locally instead of spending a lot of money on long distance. Well I didn't grasp any reception; so I mailed it wager on to her to take it fund and cancel it. She took it rear legs, and I paid my later bill. They sent me some money back saw that I paid too much, and that is to say my only proof that I turned it subsidise in. About a year after that I got a phone telephone from a collections agency saying that I owe 500 some strange dollars for six months of not paying for my phone. I gave them the proof that I have, and they said that it is not good adequate. So not only do I enjoy to pay 500 some peculiar dollars, but if I pay it is lastingly a bad piece for 3 years on my credit. Any suggestions?
Answer:
First of all, if you plan to struggle it (and of course you should), don't payment any part of what they're trying to collect. If you clear even a dollar of it, that becomes an declaration of guilt of the debt being yours, and it go on your records.
Second, achieve all documentation you own together, and perhaps a notarized sworn statement from the creature who returned it, and the clerk at the store who received it, saying that it be in certainty returned.
Third, send the collections agency copies of adjectives this, along with a cease-and-desist memo, telling them that the debt is not yours as you be not billed for it. CC Sprint's Customer Relations head AND their VP contained by charge of PR on this, making sure the CC's are listed on the bottom of the note, so they all know who's reading it. Also inform them that you will a) be suing them for harrassment if they continue, and b) be involving the police, as clearly if the phone "go missing" after your mother returned it, then it must own been stolen by someone contained by the employ of Sprint's retail location.
In the unlikely baggage none of this works, you should consult a lawyer. Heck, if you can find a cheap consultation, do that first. (Keep surrounded by mind what I have told you does not constitute trial advice!)
p.s.: It's probably more close to 7 years, not 3.
Credit report sound out?
Question:
I got a card at Macys and chock-full out the form correctly but the idot woman sent it to the wrong address because she used my address on my license. So it took like 4 months for them to find ahold of me and get my definite address. They said they took of the late fees but will this hurt my credit report?
Answer:
Get a copy of your credit report and check it out.
If it shows on in that, call Macy's credit department and ask them to enjoy the information removed.
Definately get the credit report, you can also grasp a copy of the credit application from macy's that will help you prove that you occupied out the application correctly. Also if you explain the situation to macy's and let them know your credit be affected they can back you get it taken stale your credit make sure you receive it removed from all three bureau's
Not unless they reported it to the credit bureaus. You inevitability to get a copy of adjectives three bureaus and check. If they did, you will need a copy of your application so you can prove that this be not your fault and next Macy's should remove the late pays from your bureaus.
Where's the best place you could receive financing for a sports car if you hold unpromising credit?
Question:
Answer:
Try the below company
I would try a local credit union.
The seller will find you financing as long as you have a career and a few hundred bucks. The rates and terms will suck, but that's the treaty when you have doomed to failure credit.
try and go to www.prosper,com it is a cool site. it is class of like ebay but individuals bid on funding your loan you request funding type surrounded by what you want and what it is for and what interest rate you are willing to wage and people invest from $50 to $1000 toward your loan. prosper.com info you loan and you pay them your monthly expenditure and they split it up between the people who bought your loan it is a really cool site check it out
Go to a used coup¨¦ dealer that finances his own sale. This way you can label timely payments & build up your credit. . . Start with an elder car that you know you can afford & fashion the payments & move up in a few years to a newer model. . .
Maybe you can try below website to get hold of the information. It's about doomed to failure credit car loans articles for your second view
Through the dealer. They are so keen to move cars off the lot, they will nouns practically anyone.
When you make a motor purchase or I guess I should say when you inquire almost financing the dealership pulls your credit report and will tell you a round something like financing rate *depending on credit*. Once you've accepted the vocabulary they send your request to financing at several bank that may approve you. If you are looking to get your own financing I would suggest CreditAcceptance.com or your local/personal dune.
The best dealership/car companies for bad credit that I own found are:
GM
FORD
They will pretty much finance anyone. Toyota is difficult and will require money down.
desperate credit financing http://www.wesayes.com
Speaking as a nationally prearranged credit score and lend expert (book, radio shows, newspaper columns, etc.):
The credit league answer is not a bad one.
Other answers include Capital One online or going to a well-establish local used coup¨¦ dealer. I enjoy seen "bleak credit" borrowers get immensely low (under 7%) rate because they had great AUTO LOAN credit, but vastly poor other types of credit. You have a tough go through ahead of you. Of course the solution is to take better comfort of your credit from now on.
anyone ever hear of tribute financial group?
Question:
i was offered a loan from them i hold to buy a insurance policy they will give me loan papers up to that time i pay and will filch part gift and will take rest when i take loan i applied to them they did not hunt me down has anyone ever gotten loan from them they already checked my credit and its not a wage before i'm approved i am approved even beside my bad credit they want my w2's and employment information can i trust them
Answer:
Take a minute and look them up on ripoffreport.com I love that site it is the doomed to failure business's bureau!
Kd
Who can you complain to more or less a credit card company?
Question:
federal trade commision?
Answer:
Federal Trade Commission and your State Attorney General's office, department of consumer affairs.
About what? That they give yu too much credit than yu deserve.? Any one who have a credit card requirement to know that the companies are there to fashion money and it is their business. If they are charging yu outrages rates and fees, then yu can complain. Info should be at the vertebrae of the statement or the papers yu received from them when yu signed up for the card.
Contact the bank and ask to see a disclosure. The guard has to let somebody know you who to file a complaint near. It is different for every bank.
If you believe that your credit card company have broken the law (violated expressions and conditions, local, state, or federal law), you can contact the Office of the Comptroller of the Currency, or the Office of Thrift Supervision, depending on the type of credit card. The oversight agency should be in your vocabulary and conditions, or you should be able to obtain it from the issuing bank.
Remember, though, these agencies singular handle regulatory issues...they don't trouble about desperate cusomter service or the like. For those types of complaints you can try the Better Business Bureau contained by your city or state, or post your complain on a site like epinions.
The best point to do, first and foremost, though, is the try escalating your issue through the bank. Always maintain documentation, names of nation that you've spoken to, what they've committed to (and by when), and you feel your wishes aren't being met. Go up the tie up. If you write a letter to the CEO of a card company directly, you'll be surprised how recurrently you can get a reply...if you've shown that writing to the CEO is truly the final resort. Don't overreact...work the chain.
How long after a debt have be created can a creditor report to the credit bureau?
Question:
I had some medical bills from 4/10/01 that I didnt not pay envelope in full. I be harassed for awhile by collections and consequently left alone. This debt be never reported on my credit record and have never showed up. Today on 2/14/2007 (6 years later) I receive a letter from a collections agency relating me to pay up or be reported to the credit agency. I am afraid to call upon because I heard making contact near them could cause the statutes of cutting to start up again. My question is, If I rebuff them, can they really report this to the credit bureaus since the debt was from 6 years ago? Is this a moment ago a scare tactic at this point- save in mind I havent hear from them in 5 years until immediately all of the sudden.
Answer:
Most collection agencies are not reporting member of the credit bureaus because they are not issuers of credit. They just buy frail debt for pennies on the dollar and make an attempt to collect it. If they are not a reporting accomplice, they cannot add anything to your credit transcription. So most of them are bluffing when they say they will report it on your credit transcription.
It has to come sour seven years from date of first delinquency (last payment or date of service if no grant was made) so even if they put it on your report it can't stay near long.
They have 7 yrs. They sold the reason in most liklihood and the exotic owners are trying to get anything they can. you must desire if you want it reported or if you have the money to pay packet them at least a portion to attain rid of them? I would do this and I did do this. Write them a certified letter, typed and state that you own received no information on these bills and have nil showing the debt. Since you aren't aware of it you have spoken to your attorney and he told you to ask for the original itemized bill for the debt beforehand you pay it. Now, most promising they don't have it and the hospital or Dr. have written it off yrs. ago and did not hold on to records. if they can't come up next to proof then they may hand over it up. If they do it's a different story. They have the subsequent yr. until the seven yrs. to report it and then it will own to be removed, by law. It's a tough telephone call. If you have no plans to buy anything big surrounded by the next two yrs. ride it out if you are buying a home it may lead to you problems. you can always settle for a fourth of the debt if they start up again after the memorandum. Also put at the botton cc: and a lawyer's name to form it look good, and report and copy it. Mail it and do not call unless you own decided to discharge less than the full amount to hold on to it off your story. I would ride it out unless I were really buying something and greatly of times car dealerships don't look too much at prehistoric medical bills, just depends.
have anyone have a righteous experience next to these credit repair companies?
Question:
i mean wats the treaty? can they really clear my file and if so can anyone recommend a angelic one? basically do they really work and how do you enlighten a legitimate one apart from adjectives the scams out near..
Answer:
I used to work for one and they can help relatively a bit. They are able to work next to your creditors to help consolidate your bills into a low monthly reward. They show you based on your income how much you can spend respectively month and the remaining money they invest for you. Once the invested amount reaches a superior plateau they are able to do away with a large chunk except all of your outstanding debt.
Kelly, I found this site from a friend...and it regulation my credit score and report resembling magic! Please review the site, if you want to see if they can oblige you, fill out the form for a FREE evaluation. Hope this help.
I had a flawless experience with one years ago previously I learned how to fix my credit on my own.
I ordered a "free credit report" from Experian, afterwards found a collection account on it. I know it wasn't mine, so I used their dispute tool found within their website, which be included in their "free credit report" and it be removed from my credit report in 30 days.
The downside is that the "free credit report" turns into a monthly payment after 30 days, and sure enough, it took only over 30 days for the collection to be removed.
I wouldn't say I would use a service approaching that again unless I knew nearby was a MISTAKE on my credit report. These services can't erase lates and collections that are your failure. They can simply erase errors, which was the valise with me.
In the final few years, I've come to rely on my own skills to raise my credit mark. Check out some of my info, it'll help.
Learn more at http://www.thetruthaboutmortgage.com...
and http://www.thetruthaboutcreditcards.com...
Maybe you can try below website to carry the information. It's about credit repair articles from the expert that you can do it yourself
i hear bad things in the order of them, the only article that will fix your credit rating is paying bills on time, it take 12 months of on time payments to net your rating better.
I have hear bad things roughly speaking them. I read that they cannot do anything more than waht you can do. You can obtain a copy of your credit record from experian and equifax and if there are things on within that are wrong then you write rear to them and they try and osrt it out for you. The only path that you can get flawless credit is to pay your bills in good time and this will help your credit rating. Go to www.moneysavingexpert.co.uk and on here is forums something like people that hold used credit repair agencys and also the guy who runs the website has put information roughly them on theire. Good Luck.
A legitimate one will be a non-profit company and also proffer a money back guarantee.
If i settle up $20,000 towards an existing mortgage will my pay-out stir down or will i only just reimburse it sour untimely?
Question:
My goal is for the pay-out to go down . beside 2 more deployments overseas i'll be able to money the loan off just about 20 to 25 years early...but surrounded by the mean time i'd close to to have a lower monthly costs so i can have more spending change
Answer:
Invest the 20K in mutual funds or some type of investment - you'll earn more return on your 20k than trying to take-home pay off your mortgage.
Your costs will only be in motion down if you refinance. Paying a lump sum will only trademark your term shorter.
You're not going to lower your monthly grant by paying extra on it. You only do that by refinancing it for a longer occupancy. If you pay that much on it, you'll be shaving a few years stale of the back wrap up of the loan so you're paying it off sooner.
you will jmost likely of late apply more to the interest and pay it past its sell-by date early...but closely earlier . $20,000 is a significant amount to apply to this.
If you do not want to budge through the hassles of refinancing, why dont you basically put the $20000 in a funds account and do your extra dosh spending from there?
Or you could "Reduce" the stipend by $100 a month by taking $100 from that saving article.
Its the same pie, u can slice and dice anything way you want.
What are CCJs?
Question:
Answer:
CCJs are made when a creditor takes you to court to try and find back the money that's owed to them. If the CCJ is granted, it will show up on your credit folder, meaning seriously of people will not want to lend you any money (for credit cards, mortgages, loans etc). The easy target will stay on your credit file for 6 years, even if you payment off the debt surrounded by this time.
If you have a CCJ against you and you still backfire to pay posterior the money, the creditor may ask a court to enforce the judgement. If the judgement is enforced, you may find bailiffs on your doorstep, or your house may be repossessed in writ to cover the debts. Your bank description can also be frozen too.
The link below have some more in-depth information on the subject
Curly carl johnsons or county court judgments.. im not sure.. run with your gut!
county court judgment
yeah, county court judgements
they mean u cant catch credit for 5 years
In England and Wales (Scotland has its own legally recognized system), County Court Judgments (CCJs) are legal decision handed down by County Courts. Judgments for monetary sums are enter on the Register of County Court Judgments, which is checked by credit reference agencies to assess the credit-worthiness of individuals.
If the debtor continues to non-attendance on a CCJ the creditor may apply for a charging order which would in safe hands the debt on a property. Creditors can also apply for an attachment of earnings which would oblige the debtor's employer to discount monies from their salary and transport them to the court. A Third Party Debt order would oblige a third delegation who holds money belonging to the debtor (for example a bank) to pay the debt. It is also possible to own the court appoint a Bailiff to collect the debt. A Bailiff is an official of court and have the power to seize stuff and sell them at auction to settle a debt.
i put
explain:CCJ
into G00GLE and got this :
http://www.G00GLE.co.uk/search?hl=en&saf...
which seem helpful :)
i notice your YahooID seems german. Use babel fish on altavista to translate if the systematic terms are too strong.
It means that you hold been taken to court for not paying a amount you owe and are held on folder for 6 years
How wounding is a voluntary repo on someones credit?
Question:
We are way overspending respectively month. Need to downsize. Trying to build credit but wonder if just letting it turn would be to our benefit. We owe to much to trade in
Answer:
Get yourselves to a credit counselor. They can arrange for your creditors to hold less than the stated contribution, each month and current the interest. This is better than a repo and much better than going bankrupt.
A creature got a $1,000 a month expense reduced to $300 by going to a Certified credit counselor. It's always sagacious to start here.
It will destroy your credit. Not as doomed to failure as foreclosure or bankruptcy, but it is devastating. Try and find another solution.
Best of luck.
material bad
voluntary or not its still a repo! Try to cut final other ways. Park your car by a tree to be exact about primed to fall!! :)
Good luck
A repo is a repo on your credit report. There is no distinguishment of whether you drove it put money on to them or they chased you all over the country for it. If your gonna hand over it back anyway a moment ago drive it till they come and get it. Hint: don't move anything inside the car, they'll keep hold of it. And they're not going to knock on the door and tell you, they lately take it.
Voluntary or not it still kick the hell out of your credit.
A repo is a repo, voluntary or not! several factors influence credit rating and rack up. With the major three reporting agencies your credit score/rating can move from 25-100 or more it depends mostly on your credit history, income, debt percentage, break open accounts, lateness in paying,judgment, etc...don't let anyone fool you a repo is a repo and most financial institutions will mostly sell the vehicle highly cheap to avoid the hassle in trying to take what it maybe worth, and following contact you about paying the difference on the loan(which is not right), some will even pursue court judgments(depending on amount due on loan). Contact your loan provider, perchance you can sell the vehicle privately and money the difference on the balance due. Just hold on to an eye on your credit rating for the next few months if near is some form of repo(vol./invol.) You have to prefer if it is beneficial to continue to sort payments , consider what you will payout in the long-run, what you will pick up if you rid yourselves of the burden, can you stand one bad rating? But one trunk factor to keep contained by mind "DOES Keeping The Vehicle Interfere With The Financial Well Being Of The Family" ? I went through it and I survived.
What do the following different vocabulary denote? viz., Bank Credit, Net Bank Credit, Food Credit, Gross Bank Credit
Question:
The above terms - one of my friends, who is a sponsor, used to say. But I could not grasp a clear meaning / explanation for the above expressions. Kindly help me by giving aim / explanation for the above terms viz., Bank Credit, Gross Bank Credit, Net Bank Credit, Food Credit, Non food credit. As I am a commerce student, I decision to know about these. Please backing me. Thank you very much.
Answer:
Gross Bank Credit (GBC)
- is the total of Loans & Advances portfolio of a Bank smaller amount its advances to own group concerns. Ideally, Bank credit and GBC are one and equal.
Net Bank Credit -
is the GBC minus exempted deposits like FCNR, NRNR, deposits.
This is the spring on which achievement of Priority Sector lend tragets is calculated.
Food Credit -
It is the credit or loan given by the nationalised banks to the Food Corp. of India. (FCI)
Non-Food Credit
is the credit or laons & advance given by bank, to adjectives other customers, except the FCI.
Bank credit:
When a big group opens a small company, it take Bank credit of few crores Rs. without depositing any money surrounded by the bank. By the edge credit the small company runs smoothly. Bank charges interest.
I have found a button on the source. It lead to a site that does not turn anyone down for a credit card and no credit checks. The site is great for other resources.
Bank credit is the loan given by the bank.
Please call on www.rbi.org.in for more information
How tons credit cards do you hold and which cards do you enjoy (Visa, American Express, Mastercard, etc)?
Question:
Answer:
Why would I tell you?
none because not a soul wants to distribute me one. I have no credit rating :(
Just the one, its a mastercard
Mind your own business.
I enjoy 1 MasterCard and 1 store credit card from Macys
i have a visa card . i applied online at: http://www.card-city.com/index.html... and get instance approval.
I have 3 credit cards:
American Express Blue Cash
Discover Gas Card
Chase Business Rebate Visa for my business purchases
But I know that average American have 8 credit cards. To my mind it is too many. If you similar to you can read article on how many credit cards to own: http://www.requestcredit.com/credit-card...
And this article http://www.articlealley.com/article_1269... describes reasons to enjoy more credit cards, and reasons to own fewer cards.
visa
please update me how to boost my credit win.the comfortable method. i want a brand new sports car.?
Question:
Answer:
The first thing you enjoy to know is where are you starting from. I anticipate you have to know what your credit rack up is in the first place. You can carry it for free (not some trial, really free) from http://www.annualcreditreport.com... (you can get 1 report per yer per bureau)
Then if you want to lift up your score, you hold to know how the system works. 35% of your score is determined by your bill-paying history, 30% by how much you owe, 15% by how long you've held credit, 10% by mix of credit, and 10% by pursuit of different credit.
With that information in appendage, here's what you should do:
1. Keep paying your bills on time
2. Keep usage of credit low (but not zero)
3. DON'T close matured accounts
4. Get different types of credit (consumer, auto...)
5. Don't apply for debt compulsively
For a detailed explanation, visit http://financialbasics.blogspot.com/2006...
Good luck
pinch out small loans, don't do anything with the money next pay it right put a bet on a month later. achieve a credit card but don't use it.
It's quite simple. You borrow money -- e.g. on a credit card, from a sandbank, mortgage company, etc. -- and you make adjectives your payments on time. That's not going to start over night, though. Auto loan companies are particularly easy to treaty with because a) it's a lucrative loan and b) the loan is in part secured by the car. Even if you hold fairly discouraging credit, you can get an auto loan from someone (the rate might not be as favorable as near good credit history)
Wow, I don't hold a clue what you mean by "the straightforward way"? The only "WAY" I can reflect of would be to pay stale every single solitary debt you've got. Clean sweep. I'll bet that would sure look sparkling.
But, ya know how it is with these rapid, simple-sounding solutions. You'd probably have to rob a sandbank to do it, and then you'd downfall up for a loooong time in a place where on earth you wouldn't even need a vehicle.
if you want a new vehicle why are you letting your credit score receive in the process
http://www.wesayes.com
Well, to boost your credit scores you obligation to know your FICO scores (http://www.myfico.com/12/home.asp,... it comes beside credit reports from all three primary credit bureau). These scores detail you how the creditor and lender see you and at what risk you are at.
Pay all your bills on the dot (1-2 weeks before the due date). Pay down your elevated credit card bill. Don't close any old commentary ( this will hurt your credit scores). Avoid applying for any new loan or credit card, this will bring your credit win down. If there's inaccurate information or errors on your credit reports, transport a dispute letter to own it remove.
Since you already your FICO scores. You can also ask the coup¨¦ dealer which credit bureau they use to do credit check. This will avoid an unnecessary credit check.
Again, earnings your bills on time...
Good luck
If you don't find your best answer, try the site below. This company is non-profit. Review the site and see if this okay help you.
Maybe you can try below website to gain the information. It's about credit chalk up articles from the expert about how you can raise the score
The easiest instrument is to leave it to the professionals and tolerate them do all the legwork. Check out the credit repair contact at:
www.totaldebtsolutionsllc.com
Interest on unpaid pay-out?
Question:
im a contractor and have have people drag out paying me when the contract states donation upon completion. I'm gonna add an interest cost for non-payment on my contracts, what is the max percentage?
Answer:
It vary by state. See link below to find the maximum within your state. Keep in mind, you cannot charge matching rate of interest banks are allowed to charge. Banks and credit cards own their own set of rules.
You'd need to check the usury law of your state, but I wouldn't suggest more than 10% (compounded monthly), though.
Who is responsible for identy embezzlement, n debt of it?
Question:
Answer:
Every place has their own rules...for example, your mound and your credit card companies might hold you liable for different amounts. I think that credit cards will hold you liable for lone the first $50 charged after it's stolen. You should conact each place and find out their policies.
Make sure you report the robbery as soon as it happens. That is push button! You will also need some compassionate of proof that it was stolen. So swarm out a police report.
kiko
If your credit card has be stolen, you are not liable for any charges. Gosh, I sound approaching a commercial.
VERY IMPORTANT: Report the loss rightaway.
me in a nut shell i stole it adjectives
The theif is responsible.
You're only responsible for the debts that you approve beside your signature. Creditors have the burden of proof that you've authorized them to charge on your description.
You have to check near your bank or credit card company. You may be held responsible.