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It depends upon the creditor/plaintiff, but most are more than willing to negotiate a settlement or terms of repayment outside of litigation. A judge will sometimes request that the plaintiff and defendant(s) meet outside the courtroom (with or without a mediator) to try and resolve the issue before the case is heard.
What else can I help you with?
If a parent cosigned for a credit card do you still earn credit im 17?
no. you aren't a human being until you're 18 in the eyes of contracts/credit.
What Are The Things That Determine A Line Of Credit?
When it comes to line of credits, lenders look at elements like cash flow, credit records and companies’ assets. In case you are still worried about a personal bad credit score can hurt, there are still alternative options.
Do you still have growing interest when you close a credit card account to pay it off?
If there is A ballance still owed on it then the interest is still being billed to the ballance, If you have not closed the card account,,,,,,,,,,,,,,,,,,,,,,,,,,,,DO NOT CLOSE IT UNTILL ITS PAID IN FULL. That is terrible for credit score.
Is a VISA Credit Card being used as 'Debit' if you use a pin?
No - its still a credit transaction. The PIN is simply used to verify you are the registered owner of the card.
What does it mean when an accout on your credit report says closed but there is still a balance?
One of two things. First, you still owe the money. but you can not use that credit account anymore. or Second, you have paid off the account and the creditor has not notified the credit bureaus that you have paid this account in full. If it is paid in full, I suggest you notify the credit agencies.
Can a business offer credit cards without being a bank, credit union or a financial institution?
You could open a credit card business but you would still need to use a bank. It would be just like having multiple credit cards. You manage all the accounts but you still need the bank to do so.
After 8 years of having a discharged bankruptcy can you still be denied credit?
Your bankruptcy is on your credit report 10 years. The fact of having a bankruptcy can influence whether someone gives you credit or not, as can just about anything else. obviously, your more recent credit history, job, general stability and financial actions will begin to have more of an influence than the older ones.And of course, even without BK, you still can be denied credit...it is always the option of the one providing it to decide if they want to extend any credit to you at all, ever.I think one of the things it is hoped one learns from the whole going bankrupt experience is that you do NOT have any "right" to credit.
If a credit card is not activated does it still reflect on your credit report?
Yes. If they extend the line of credit to you, and you do not activate it, it will still show up on your credit report.
Why do you still have education?
i think that we still have education so we can learn new things and that every one has the right to learn.
How long does it take to re-build credit rating?
It will take about two years of on-time bill paying to recover. Of course, if your event was bankruptcy, that will remain on your record for seven years. Still, you can be well on the road to recovery within a few years. "When you are doing the right thing, the right things happen."
If you don't have any money on your prepaid credit card can you still make a transaction?
Picture a prepaid credit card like a wallet. Can you still buy things when there is no money in your wallet? No you can't. A prepaid credit card is not really a credit card in the sense of the word credit. Credit means that you can purchase something now and pay for it later. A prepaid card has a limit on it and once that limit has been used, like your empty wallet it is no longer useful.
How do credit entries appear on your credit report after a chapter 7 is discharged and do they disappear from the report or show as 0 balance and indicate their inclusion in a bankruptcy?
The still stay on your credit report the normal length of time for negative credit entries (7 years). After the discharge, they might still show a balance but should also make not of being included in the bankruptcy.
