http://www.askmehelpdesk.com en Sat, 21 Nov 2009 01:15:56 GMT vBulletin 60 http://www.askmehelpdesk.com/amhd_imgs/misc/rss.jpg http://www.askmehelpdesk.com http://www.askmehelpdesk.com/credit/old-debt-417537.html Thu, 19 Nov 2009 19:14:56 GMT If I acknowledge an old debt from 8 years ago and start repaying on an agreed amount and default does the collection agency have any recourse on me? The original debt has been removed from my credit bureau and I have paid more than the original amount owing to the lender I borrowed from? I live in... If I acknowledge an old debt from 8 years ago and start repaying on an agreed amount and default does the collection agency have any recourse on me? The original debt has been removed from my credit bureau and I have paid more than the original amount owing to the lender I borrowed from? I live in Vancouver British Columbia and want to know if the statute of limitations starts from the date I agreed to repay the loan or from the original date I borrowed the money and it was sent to the collection agency.

Original loan in 2001
repayment started in 2007 till present ]]> Credit golfguybc http://www.askmehelpdesk.com/credit/old-debt-417537.html http://www.askmehelpdesk.com/credit/old-debt-417529.html Thu, 19 Nov 2009 18:52:09 GMT I had an old wells fargo debt from 2001 and a collection agency finally caught up with me in 2007. i live in Vancouver bc. The amount last reported on my credit bureau was $6217.00 and the original amount at the last time I made a payment was only$2741.00, meaning there was alot of interest tacked... I had an old wells fargo debt from 2001 and a collection agency finally caught up with me in 2007. i live in Vancouver bc. The amount last reported on my credit bureau was $6217.00 and the original amount at the last time I made a payment was only$2741.00, meaning there was alot of interest tacked on. The collection agency sent me a letter stating I owed $16000.00 so I negotiated it down to $8000.00. I have repaid about $4000.00 of that and feel that enough is enough, my credit bureau doesn't show the debt anymore and since then I have rebuilt my credit. My question is do I have anything to worry about if I stop paying or do they have recourse to come after me seen as how I have acknowledged the debt and repaid and substancial amount of it back? Basically I feel I have paid enough and more than the amount reported on my credit bureau. Please advise me of my options

Thanks ]]> Credit golfguybc http://www.askmehelpdesk.com/credit/old-debt-417529.html http://www.askmehelpdesk.com/credit/loan-pdc-417405.html Thu, 19 Nov 2009 11:23:58 GMT i am a grad.engineer employed in a govt organisation as well as running a school and a iti college on own land on my spose`s name,availed mortgage loan from the bank from where i draw my salary.Now can i get an additional loan based on my PDC. i am a grad.engineer employed in a govt organisation as well as running a school and a iti college on own land on my spose`s name,availed mortgage loan from the bank from where i draw my salary.Now can i get an additional loan based on my PDC. ]]> Credit ea8532246837 http://www.askmehelpdesk.com/credit/loan-pdc-417405.html http://www.askmehelpdesk.com/credit/credit-card-debt-forgiveness-1099c-form-417006.html Wed, 18 Nov 2009 04:49:38 GMT We have talked with our credit card company and have offered a forgiveness 35% payback. This will give us approx $11,000 write off by us paying $6000 over the next 3 months to make the account $0. My husband earns roughly 75000/yr and myself $50000/yr with 4 children. What can I expect for tax... We have talked with our credit card company and have offered a forgiveness 35% payback. This will give us approx $11,000 write off by us paying $6000 over the next 3 months to make the account $0. My husband earns roughly 75000/yr and myself $50000/yr with 4 children. What can I expect for tax time using the 1099c form? Will I jump to a new tax bracket or what to expect in how much I can plan on owing to IRS? Can I qualify for a insolvency and file a IRS form 982 due to debt>assets at this time d/t 2 mortgages, dec in salary, increase in health benefits and mandatory furloughs? Any advise would be appreciated. Thanks ]]> Credit blncmn2004 http://www.askmehelpdesk.com/credit/credit-card-debt-forgiveness-1099c-form-417006.html