What can you do if you have more than 10000 in credit card debt?
i will buy the clothes, shoes just as nike air max, nike air force one, nike dunk, nike air shox, watch etc... anything i want. But i want the shoes most cause i like collecting shoes, especially nike.I always go to www.haishoe.com to choose what i like. you can ,too
What do Credit report tell creditors?
Credit reports generally tell creditors about your current and past credit history. They include things like the amounts of credit extended, the highest balance that you held, current balances, how long the accounts have been active, if and when you were late on a payment,how late the payment was, etc. They can then use this information to determine the risks associated with lending you money.
If your parents are deceased the Power of Attorney expired when they died. It is no longer in effect. If your sister used their credit card after their death then she committed a criminal act and could be prosecuted. Her use of the crdit card has nothing to do with their estate. She is responsible for her actions. If she charged on the account after your parents death, the credit card company can't attach the real estate you inherited. They would need to bring charges against your sister. You should cooperate by providing them with any information you have that would help in their investigation, where they can find your sister and the circumstances that enabled her to use your parents credit card (her being the executor of their estates).
How do you pull other individual's credit reports?
You need the written permission of the person whose credit you wish to examine or an order from the court.
How do you deal with credit card debt?
It depends how much debt , and how much disposable income (spending money) that you have. If you are able to make higher than the minimum payment, then do so. this will decrease the principle balance.
On the other hand, if you are making minimum payments, or you are struggling to do so, then you may need to enroll in a debt management or debt elimination program.
Carrying an excessive amount of credit card debt is like digging yourself in a hole. In many cases, the balances increase-not decrease. Due to the financial crises, there are many programs available to help people get out of debt.
When is a debt no longer valid?
The answer depends on what state you live in. See the link below for a web site which shows the time period when debts expire, by state:
''Doing a payment'' is to express completing a payment. '' payment is done '' means it has been completed.
What happens if a creditor sues you and you cannot pay because you do not have a job?
this site will answer your queries on credit problems www.failuretopaycreditcard.blogpsot.com
What does the term hold for collection mean when you deposit a check?
A check can only bounce twice before a bank will no longer accept it. As such, when collection agencies cash a check from a debtor and it bounces, they don't want to take the risk of trying to cash it and just hoping funds are available only to see it bounce again. If they did, then they would end up having to collect the delinquent funds all over again.
As such, they will often use this tactic of asking the bank to 'hold a check for collection', which means that the bank will keep the check on file for up to 30 days and check every day if there are funds available. As soon as funds become available they will immediately cash it.
A pre-foreclosure property has a delinquent loan and the owner is in imminent danger of losing his home due to foreclosure. His property has been listed as delinquent and will soon be taken into the custody of the lender. Buyers may be able to obtain a pre-foreclosure for 40 percent less than the home's market value, and the deal would close quicker than would a foreclosure.
How do you qualify for a hud home?
It depends on income and what the poverty level is in your state. HUD has a page for determining your eligibility. See Sources and Related Links for more information.
While the estate has primary responsibility in Louisiana, in most cases they will be held responsible. They are deemed to have benefited from to goods and services.
Can you get receipts for payments made to a collection agency?
yes and an accounting too. To be certain, make all payments in person at their office. You may request a reconciled statement showing all payments as well.
The judgment would of come through the court system. You would need to contact the court to know who to pay.
You can dispute the listing to the credit bureaus, but that doesn't mean it will be removed. They have 30 days to verify the listing and if it isn't verified it must be removed.
What happens to a collection account After 7 years to a collection account?
Typically, after 7 years, the debt becomes time barred. It would come off of your credit report. If you have had any contact with the creditor or collector within that past seven years, you could have re-affirmed your debt. This means the debt could start all over from that date, if you made any statements to the effect of being responsible for the debt in question. If it's been over 7 years, they can still attempt to collect from you, however you couldn't be sued.
What happens when Spouse dies with credit card debt in his name only and has no assets?
1)His creditors will destroy his urn of ashes and make sure he does not rest in peace...(Not very sure... Don't blame me if it is wrong... I saw it from a show...)
2)His creditors will look for his family members and force them to pay up. They might even come after them the loan shark way(You know... splashing paint on your home door... Or maybe even hang a pig's head outside the family's door... Not very sure... Don't blame me of it is wrong... I saw it from a show...)
What does an accountant do in a bank?
He has to count everybodys money in the bank and keep an record on how much they spend.
Because they can no longer pay their creditors...AKA company is not worth the money they borrowed.
Can you be arrested for oweing money to a friend?
Owing money to a friend is a civil matter that has nothing to do with the police. You would not be arrested but your friend can sue you in court to obtain a legal judgment against you if they have proof of the loan.
The only way a debt older than seven years can be collected on is if that debt is covered under a judgment. In that case, the creditor has ten years from the last payment made to recover the debt. Keep in mind that the clock on limitations does not begin until the time of last payment. For instance, if you took out a car loan and made only the first payment on January 1, 2000, and the creditor was unable to recover the principle or repo the car and you made no other payments and no judgment was ordered, no further collection action could take place after January 2, 2007. If you made any other payments during that time, the clock begins from the time of that payment. If you are receiving calls from a third party agency, get their mailing address and the name of the account collector. Draft a letter explaining that the account is no longer valid per the "Federal Fair Debt Collection Practices Act" and that further contact by their agency will constitute unfair and illegal practices. Suggest that they refer back to their client for justification of the debt, and request that all reconcilations supporting the legality of the debt be forwarded to you within thrity days. Send the letter registered, restricted delivery, return receipt, and keep a copy for your records. If you attempt to do the above by telephone only, the agency is not legally obligated to follow. By letter, however, they have no option but to comply as requested.