Search:
Type: Posts; User: Loan_Guy
Search:
Search took 0.00 seconds; generated 6 minute(s) ago.
-
Hi there,
I have a Kenmore Series 90 washer that stopped working at the end of the spin cycle. The clothes were spun out and the dial was on "off". There was a very heavy electrical type smell in...
-
Carl,
Sec. 623 (a)(5) deals with the re-aging of an account as far as I can tell. That is to protect a consumer from having a CA buy an account and re-age it so that it stays on the CR for several...
-
Carl,
Sec. 624 deals with affiliate sharing, which is not what this is.
Sec. 605 is more of the "what and when" it can be reported. I don't see a reference to an update to the file.
I'm not...
-
In 2007 I was contacted by a collection agency to pay the outstanding debt. Since i did co-sign I went ahead and paid.
If the account was paid on in 2007, the clock starts ticking AGAIN.
...
-
The clock starts ticking on the date of last activity. In your case, it sounds like 2007.
Sorry...
LG
-
Are you thinking about allowing your house to go into foreclosure? If so, do you have other options?
Not only may you have to pay the difference between the sale of the home and the outstanding...
-
They can promise you anything they want (or they think you want to hear). The truth is, until you actually sit down and sign the closing paperwork, they can just about do anything they want.
If...
-
George,
I don't know a lot about Dave Ramsey, but I am familiar with him. He and others such as Suze Orman are not very aggressive when it comes to investing. While I may not personally agree with...
-
Kat,
My last post sounded kind of rough after I read it again. Sorry if I offended you!
The point that I was trying to make is that in this day and age, you have to have established credit. ...
-
You're right! A credit score of 0 is the best score you can have. IF YOU PLAN TO LIVE WITH MOMMY YOUR WHOLE LIFE.
Of course, if you plan to rent or buy a home, you will need to have a satisfactory...
-
Josh and Mandy,
First question is the same as above. Do you have poor credit or ZERO credit? That does make a difference.
If you have ZERO credit, you could always look for owner financing or...
-
I agree with the above answer that neither one is a good option.
Is it a financial hardship that is causing problems making the payments?
Have you tried to sell it? If so, is it currently on...
-
I wouldn't be concerned about it. If it truly is a charge-off, it's probably better it is not on there.
One other option. Have you looked at all three of your reports? It's possible they only...
-
npq,
As I am not an attorney, I am only going to tell you what I would do if I was in your position.
On the first item, deal directly with the credit card company. If you are going to settle,...
-
Chris,
The best advice? Turn the channel when you see the infomercial where the "guest" says "I bought this beautiful house worth $200,000 for just $279.82". If the owner had it paid off, do you...
-
Although I'll bet you have already done this, make sure you check with your state to see what assistance is available for you and your child. Make sure that they have health insurance and are well...
-
I would also like to extend my condolences.
I agree with Scott 100%. I would hope that they would make an exception in this situation, but I probably wouldn't spend a lot of time worrying about...
-
OK, one thing at a time...
First, it is possible that the credit report does not show the repo, but a check of the buyer by the title company can turn up the lien. If it could attach itself to...
-
You are very welcome. Glad I could help.
LG
-
Since you are an AU on the account, the bureaus can report the info. If grandma passed (sorry!), you will need to let them know that.
If it were me, I would write a letter to each cc company...
-
Did they call you or send you something in writing. If they called, tell them to put it on paper. When you have something written from them, post some of the details. Although the SOL may not be up,...
-
Kimberly,
You said you filed 6 months ago. A couple important questions.
1. Was it a Ch. 7 or Ch. 13?
2. If it was a Ch. 7, was it discharged or dismissed? There is a difference.
3. If it...
-
Generally, negative items CAN be removed 7 years from the date of last activity. Although the account may have been open 7 years, if you made a payment or generated any activity, that could renew it....
-
AdyM,
If you do a deed-in-lieu, make sure you negotiate with the lender to have your credit report cleared of negative information. Many people sign their home over to find out that the late...
-
Depending on where you live, this may or may not be applicable...
Where I am, when you awarded a judgment, you get the opportunity to collect for what the court has awarded you. To enforce it, I...
-
If a short sale is negotiated correctly, you may have little to no negative impact on your credit. A lot of it depends on the mortgage company and the person/company doing the short sale negotiation....
-
Is it safe to assume that you just registered with a For Sale by Owner service? If so, here are a couple thoughts...
1. Be realistic. Many list with these services thinking they can make more...
-
Taya,
First, I'm not an attorney. By you asking this question in this way, I get the feeling that something is brewing... Maybe you should speak with a real estate attorney in your state, as the...
-
Why is it that you can't find anywhere, exactly how the Credit Bureaus compute the credit scores?
This is an industry trade secret and is constantly changing. It's like a moving target.
I know...
-
NPQ,
When you have a few minutes, read this..
Ripoff Report Search Results: Frederick J. Hanna & Associates
It will give you an idea about the type of people you are dealing with.
Next,...
-
Zipfel and others...
I completely agree with the issue of debt ratios being a factor here. If your payment goes down, that's a plus, but...
What is the credit score that you are approved for...
-
OK, I don't want to sound rude, so please do not take it that way.
If you are going to invest in real estate, you need an exit strategy first and foremost. If you don't think you can rent it or...
-
Since no one has answered so far, I'll take a shot at it.
To answer your question: it depends!
If you used the MH as collateral on the loan, then they can foreclose, if it is financed with a...
-
AMBAY,
You may not like what you see, but here goes...
Obviously having credit cards in your name and no job is an issue, but I'm sure you have a good reason. I am not here to judge you.
...
-
I agree with ScottGem on this. I am also going to assume you are in the US.
#1. DO NOT, under any circumstances agree to make any type of payment and never, ever give a collection agency /...
-
OK, here's my take on this. I am not going to discuss any moral or ethical obligations that you may have...
Millions of dollars are paid needlessly to attorneys and collection agencies that have...
-
Robert,
I'm not sure I understand why you would have a financial liability for the house, but not have a equitable interest in the asset. As far as I can tell, the scale is tipped greatly, but not...
-
reeser,
I hate to be the bearer of bad news, but your middle score needs to be much, much higher before you will qualify for a mortgage. Even if you could get to the high 500's, you would also...
-
That's wrong the same account can not be listed twice that is call duplicated listing and can be disputed with the CRA.
It is possible for the OC and the CA to both be on the report. Here is one...
-
Pull copies of your credit reports from either www.annualcreditreport.com or through the three bureaus directly (Trans Union, Experian or Equifax).
Look in the "Public Records" section for the...
-
You cannot.
Your credit report is generated at the exact moment that you request it. Think of it as a snapshot of your file.
Sorry...
LG
-
Scott,
Pretty easy to do.
You have posted a lot of great answers on this forum. Let's keep educating those that the CAs and other creditors try to take advantage of...
LG
-
Scott,
You are correct in the fact that consumers are protected from inappropriate collection activities, but it is under the Fair Debt Collection Practices Act. You are also very correct that...
-
First of all, the CAs should have sent you a letter stating that they are attempting to collect a debt. You have 30 days to respond before they can report it to the credit bureaus as a collection.
...
-
You don't say what part of the country you are in, but I would assume (I know.. ) that there are too many houses and not enough buyers. Add that to the fact that your mortgage balance may be more...
-
Chris,
They are trying to scare you. I would send them a letter back asking for VALIDATION of the debt. You should be able to find a sample letter online. Make them jump through the hoops to prove...
-
Before I paid anything to the attorneys, I would ask them what court the judgment was secured in and then contact the court.
Although we know that debt collectors would never fib while trying to...
-
Scott,
Thanks for pointing that out. I guess my eyesight is going. There was something else not working, but I forget what it is... ;)
You are 100% correct... that does not make him judgment...
-
i am very confused about collection laws and it seems like the more research i do, the more confused i become.
My husband unfortunately has a number of old debts that are now owned by collection...
-
JTerry,
A Chapter 7 CAN stay on your credit report for 10 years post discharge and a Ch. 13 for 7.
If it has been longer than that, write a letter to the credit reporting agencies (Trans Union,...
|