Whatcanidoifacreditorwontexcept my settlementandsuesme
Nothing of any consequece happens at all except that you now insured by a different company.
Yes, any time you fail to make payments or settle a debt, it will affect your credit. You will also have to pay taxes on the amount written off! Yes it will effect your score. It is usually easy to get creditors to except a settlement amount but that can be looked upon badly with new creditors in the future.
No settlement ( except conditional settlement ) ,deed can be revoked by an court whatsoever as long as the settlement was done as per law in force at the time of settlement.
Yes, Mozy is considered a safe company to supply information to. They do not share information with third parties except in the case of credit card orders. In these cases the credit card companies must adhere to Safe Harbor Privacy Principles.
Nothing , except if you try that, you may be charged with fraud if that's not true.
Credit customer means that this customer has a credit term with the company. Credit term means that the customer can pay at a later date. Illustrations: Alice is your credit customer, she has credit term of 60 days. Alice bought stuff from you on 1st Jan, she can then pay you on 60 days after 1st Jan, which is 28th February.
It really depends on the company that you are dealing with. Some companies will not except a settlement but will over to set you up on a payment plan for so many months until the bill is paid off.
If your credit is good enough you can apply for a signature loan or "consolidation" loan at your bank to pay off the credit card and just make the loan payment. That is what I did with all my credit cards. If your crfedit is not in that good of shape then you can try a debtr consolidation company like Consumer Credit Counseling or you can try a Debt Negotiating company. The difference between the two are that with a consolidation company, you send them so much money and they split it between the creditors. With debt negotiation...you put money in a savings account and when you accumulate so much money the company will negotiate with your creditors to get them to except less than what you really owe.
What sort of question is this? Are they going to hold a gun to your head if you don't? No business in America can force you to do anything, well except maybe the credit card companies...
You may want to try and sue the party first, if you except what the insurance company offers you then that is an admission of satisfaction on your part. NO! Once you accept payment from YOUR insurance company (technically, once you cash the check), you surrender any right to persue the matter against the responsible party any further. Your acceptance of the insurnce company's pay out legally assigns your right to recover further back to the insurance company. If the settlement is large enough, many insurance companies will go after the responsible party to recover what they paid out to you (in insurance lingo, this is called "subrogation"). Make sure you are happy with what the insurance company is offering before finalizing things.
It is a check drawn on your credit card just like any other check you write, except that it is considered a cash advance by your credit company, and interest begins to acrue immediately. You cannot write more convenience checks than the amount of credit you have left on your card. It is a really bad way of using your credit card. Expensive and dangerous. The credit card company sends them out with each statement. I had my mail stolen once, and the thief wrote convenience checks all over town on my card. I did not have to pay for the stolen credit, but it was no easy task to get the paperwork completed. It is in the best interests of the credit card company to have you use them, because the interest starts immediately, and at the highest possible rate. It is not in YOUR best interests, however, and therefore cannot be called convenient by any stretch of the imagination!
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