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  1. Kenmore Series 90 doesn't work after burning smell

    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...
  2. Answers
    11
    Views
    1,452

    Carl, Sec. 623 (a)(5) deals with the re-aging...

    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...
  3. Answers
    11
    Views
    1,452

    Carl, Sec. 624 deals with affiliate sharing,...

    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...
  4. Answers
    11
    Views
    1,452

    In 2007 I was contacted by a collection agency to...

    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.
    ...
  5. Answers
    11
    Views
    1,452

    The clock starts ticking on the date of last...

    The clock starts ticking on the date of last activity. In your case, it sounds like 2007.

    Sorry...

    LG
  6. Question: Bank Levy

    by Loan_Guy
    Answers
    9
    Views
    1,322

    Are you thinking about allowing your house to go...

    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...
  7. Question: Lend America

    by Loan_Guy
    Answers
    2
    Views
    1,676

    They can promise you anything they want (or they...

    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...
  8. Answers
    10
    Views
    1,127

    George, I don't know a lot about Dave Ramsey,...

    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...
  9. Answers
    10
    Views
    1,127

    Kat, My last post sounded kind of rough after...

    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. ...
  10. Answers
    10
    Views
    1,127

    You're right! A credit score of 0 is the best...

    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...
  11. Answers
    3
    Views
    1,175

    Josh and Mandy, First question is the same as...

    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...
  12. Answers
    3
    Views
    699

    I agree with the above answer that neither one is...

    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...
  13. Answers
    5
    Views
    1,249

    I wouldn't be concerned about it. If it truly is...

    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...
  14. Answers
    9
    Views
    1,265

    npq, As I am not an attorney, I am only going...

    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,...
  15. Answers
    2
    Views
    650

    Chris, The best advice? Turn the channel when...

    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...
  16. Although I'll bet you have already done this,...

    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...
  17. Answers
    3
    Views
    845

    I would also like to extend my condolences. I...

    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...
  18. Answers
    7
    Views
    3,236

    OK, one thing at a time... First, it is...

    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...
  19. Answers
    5
    Views
    1,062

    You are very welcome. Glad I could help. LG

    You are very welcome. Glad I could help.

    LG
  20. Question: Credit Debt.

    by Loan_Guy
    Answers
    2
    Views
    498

    Since you are an AU on the account, the bureaus...

    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...
  21. Answers
    2
    Views
    467

    Did they call you or send you something in...

    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,...
  22. Answers
    10
    Views
    1,127

    Kimberly, You said you filed 6 months ago. A...

    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...
  23. Answers
    3
    Views
    552

    Generally, negative items CAN be removed 7 years...

    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....
  24. Answers
    2
    Views
    2,069

    AdyM, If you do a deed-in-lieu, make sure you...

    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...
  25. Depending on where you live, this may or may not...

    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...
  26. If a short sale is negotiated correctly, you may...

    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....
  27. Question: Owner Finance

    by Loan_Guy
    Answers
    8
    Views
    924

    Is it safe to assume that you just registered...

    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...
  28. Question: Deed rights

    by Loan_Guy
    Answers
    3
    Views
    679

    Taya, First, I'm not an attorney. By you...

    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...
  29. Answers
    3
    Views
    975

    Why is it that you can't find anywhere, exactly...

    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...
  30. Answers
    5
    Views
    1,062

    NPQ, When you have a few minutes, read this.. ...

    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,...
  31. Answers
    7
    Views
    931

    Zipfel and others... I completely agree with...

    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...
  32. Answers
    2
    Views
    497

    OK, I don't want to sound rude, so please do not...

    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...
  33. Since no one has answered so far, I'll take a...

    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...
  34. AMBAY, You may not like what you see, but here...

    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.
    ...
  35. Answers
    5
    Views
    1,514

    I agree with ScottGem on this. I am also going to...

    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 /...
  36. Answers
    2
    Views
    753

    OK, here's my take on this. I am not going to...

    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...
  37. Robert, I'm not sure I understand why you...

    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...
  38. Answers
    3
    Views
    525

    reeser, I hate to be the bearer of bad news,...

    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...
  39. Answers
    6
    Views
    990

    That's wrong the same account can not be listed...

    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...
  40. Answers
    1
    Views
    653

    Pull copies of your credit reports from either...

    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...
  41. Question: Credit report

    by Loan_Guy
    Answers
    1
    Views
    571

    You cannot. Your credit report is generated...

    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
  42. Answers
    6
    Views
    685

    Scott, Pretty easy to do. You have posted a...

    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
  43. Answers
    6
    Views
    685

    Scott, You are correct in the fact that...

    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...
  44. Answers
    6
    Views
    685

    First of all, the CAs should have sent you a...

    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.
    ...
  45. Answers
    2
    Views
    2,019

    You don't say what part of the country you are...

    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...
  46. Answers
    4
    Views
    1,370

    Chris, They are trying to scare you. I would...

    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...
  47. Question: Judgement

    by Loan_Guy
    Answers
    1
    Views
    611

    Before I paid anything to the attorneys, I would...

    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...
  48. Question: Credit Judgement

    by Loan_Guy
    Answers
    6
    Views
    830

    Scott, Thanks for pointing that out. I guess...

    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...
  49. Answers
    3
    Views
    883

    i am very confused about collection laws and it...

    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...
  50. Answers
    5
    Views
    1,156

    JTerry, A Chapter 7 CAN stay on your credit...

    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,...
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