Owner: Only Best Deals URL:http://OnlyBestDeals.blogspot.com Join Date: Sun, 30 Sep 2007 18:51:40 -0500 Rating:0 Site Description: Only Best Deals talks about Answers for Credit Cards , Mortgages and Loans , Show You Step By Step How to do , How to Solve Plus The Most Frequently Asked Questions and their Answers too . Site statistics:Click here
Sell house or continue to pay off credit cards? 2007-10-03 02:46:00 Sell house or continue to pay off credit
cards?My credit rating is not all that good due to a lot of late payments. I am also in debt. I could sell my house and pay everything off, but I don't know if I could get a apartment because of my credit. I could start a payment schedule and fix my credit rating over time. Which is better getting out of debt or fixing my credit rating? And what is the best way to check a credit rating?Answer : I would definately not sell your home. Especially if you already have a lot of equity in it.I wish I had more info.OK, lets assume you have a some equity in your home, and you have a decent job. You ran up a lot of money in credit cards. By the time you finish paying your utility bills and other expenses you don't have enough for payments on your cards. I bet you have been making minimum payments too, right?I would not refinance your home unless the interest rate is high. I'd suggest getting a home equity loan. That way you roll all your payments into
How can I contact experian to correct errors on my credit report? 2007-10-02 20:35:00 How can I contact
experian to correct errors on my creditreport
?Answer : Read the links below. There are sample letters to show you how to write these people, and advice on what to do when they don't follow the laws.http://www.ftc.gov/bcp/conline/pubs/cred...http://www.ftc.gov/credit/http://www.ftc.gov/bcp/conline/pubs/aler...http://www.loanatlas.com/library/credit_...
I have a summons for court on a credit card dept. what do i need to know and do? 2007-10-02 20:31:00 I have a summons
for court on a credit
card dept. what do i need to know and do?Answer : First of all, don't panic about this yet.How much is the debt? What state? Did the file in Small Claims or District Court.Is the summons even even legit? Some collection agencies like tosend out prepared copies of the summons to scare you. You can verify it by simply calling the court and giving the case number that should appear on the summons. Was the summons legally served? Was it mailed to you by certified mail/return receipt? An improper service can get the case tossed out of court.Generally you will need to bring any paperwork related to the debt. Credit Card statements, related bills, etc.Since I don't know what state you are in let me explain how Michigan works. Most should be similar.If the judge finds that you owe the debt you will have 20 days to pay the debtor. At that time, the judge will issue a discovery order requiring you to list all of your assets, income, and bank account infor
Are credit improving agencies legal, is it legal to have an agency deal with a persons credit? 2007-10-02 16:15:00 Are credit
improving agencieslegal
, is it legal to have an agency
deal with a persons credit?Answer : They are legal, and people who do credit counseling make a lot of money. They will charge you several hundred dollars to do exactly the same thing you can do yourself. What a wonderfull country!Improving your credit score only requires that you spend a little time learning the law. The rest involves making phone calls, writing letters, keeping logs, and being agressive. My battle cry....you are about to go to war! Don't go to battle unarmed. Knowledge is your only weapon. Read the links below and good luck.http://www.comresinc.org/Forms/Credit/CL...http://www.ftc.gov/bcp/conline/pubs/cred...http://www.ftc.gov/bcp/conline/pubs/cred...
When doing a settlement with a credit card company will I get a 1099 for the remining balance? 2007-10-02 08:19:00 When doing
a settlement with a credit
card company
will I get a 1099 for the remining balance? The Answer : I researched this a little bit. If the creditor decides to write off your debt, he can report it on his taxes as a "bad debt". They are also required to fill out a 1099C. Normally a copy goes to bot the IRS and the consumer. But many times the collector "neglects" to send you a copy.Now what? You file your taxes, the government sends you a bill for the unpaid tax and/or any penalties.Worse...it could trigger an audit.Do the credit card companies send in 1099's regularly? Don't know, still searching for data on it.
What's better a credit repair service or trying to clean it up yourself??? 2007-10-02 04:40:00 What's better
a credit
repair service or trying to clean it up yourself???I need to clean up somethings on my credit report. Would it be better and faster to higher someone to do it for me or to call these places myself? I need to clear it up kind of quick so I can close on my house. would it be faster to hire someone to clean up my credit for me or to contact them myself? I need to get letters immediately saying I've either settled the debt or made payment arrangements. Which is the better route to go because I'm trying to close on my house ASAP.The Answer : Normally I recommend that you do not mess with credit repair services if you can help it. Many are a scam. They charge you hundred of dollars to do stuff that you can do yourself.Your case appears to be a little more complex. You need instant relief (which I seriously doubt you will get). Not only do you need to work with your current creditors, you would want to work with the mortgage company. They seem to be very unreasonable
Are credit improving agencies legal, is it legal to have an agency deal with a persons credit? 2007-10-02 01:19:00 Are credit
improving agencieslegal
, is it legal to have an agency
deal with a persons credit?The Answer : They are legal, and people who do credit counseling make a lot of money. They will charge you several hundred dollars to do exactly the same thing you can do yourself. What a wonderfull country!Improving your credit score only requires that you spend a little time learning the law. The rest involves making phone calls, writing letters, keeping logs, and being agressive. My battle cry....you are about to go to war! Don't go to battle unarmed. Knowledge is your only weapon. Read the links below and good luck. http://www.comresinc.org/forms/credit/cl...http://www.ftc.gov/bcp/conline/pubs/cred...http://www.ftc.gov/bcp/conline/pubs/cred...
How do u keep debt collectors from calling? When it's not ur bill.? 2007-10-01 19:22:00 How do u keep debt collectors
from calling? When it's not ur bill.?The Answer : I love the easy questions....All you have to do is send the debt collector a letter requesting that he "validate" the debt. That means he has to PROVE that you actually owe the debt by supplying copies of contracts, receipts, bills, and/or any records that pertain to how the debt was created and calculated. In many cases I have counseled, this will usually stop everything immediately, and you may even get a letter affirming you do not owe a debt.Where many people make their mistake is asking the collector to "verify" the debt. All they need to do in this case is contact the original debtor and ask if it's a legitimate debt. If they say yes, it's now "verified". That does you no good at all. That is all that's required of credit bureaus too, which makes it hard to get reports taken off your records.OK, now my battle cry...You are about to go to war. Do not fight these guys unarmed. Your only weapon is kn
Can i file bankruptcy and still get a top secret clearance? 2007-10-01 19:16:00 Can i file bankruptcy
and still get a top secret clearance? The Answer : I could tell you, but then I'd have to kill you.When you are investigated for top clearance, everything about you is reported to the agency requesting it, so they will see your bankruptcy and everything else about your finances.Source(s):Been there, done that. Needed clearance to work on government communication lines.
I have a summons for court on a credit card dept. what do i need to know and do? 2007-10-01 13:24:00 I have a summons
for court on a credit
card dept. what do i need to know and do?The Answer : First of all, don't panic about this yet.How much is the debt? What state? Did the file in Small Claims or District Court.Is the summons even even legit? Some collection agencies like tosend out prepared copies of the summons to scare you. You can verify it by simply calling the court and giving the case number that should appear on the summons. Was the summons legally served? Was it mailed to you by certified mail/return receipt? An improper service can get the case tossed out of court.Generally you will need to bring any paperwork related to the debt. Credit Card statements, related bills, etc.Since I don't know what state you are in let me explain how Michigan works. Most should be similar.If the judge finds that you owe the debt you will have 20 days to pay the debtor. At that time, the judge will issue a discovery order requiring you to list all of your assets, income, and bank account i
How can you get a copy of your tenant credit report if you are the tenant? 2007-10-01 07:16:00 How can you get a copy of your tenant creditreport
if you are the tenant?The Answer : What is a Tenant Credit Report?All I can think of is reports issued by organizations who share information about tenants. Those are closed groups not regulated by the FTC. Information they share is very specific (unlike the credit reporting agencies).Only members of that close group can place/receive tenant information.
What is the best way to challenge items on your credit report? 2007-10-01 02:00:00 What is the best way to challenge items on your creditreport
?Should you do it your self or hire a company to do it for you? If you do it yourself, how? Is there a right way and wrong way? The Answer : Do not mess with those "credit repair" companies. In most cases you can handle it yourself. Below are some links that will help you out. Also you will find some sample letters that you can send to these people.Final advice....keep avery accurate log of who you send letters to, who you talk to on the phone, and keep copies of everything. Good luck,Life Experience 101 http://www.comresinc.org/forms/credit/cl...http://www.ftc.gov/bcp/conline/pubs/cred...http://www.ftc.gov/bcp/conline/pubs/cred...http://www.cardreport.com/laws/statute-o...
Very Fast Way to Boosting Your Credit Score !!! 2007-10-16 00:27:00 Very Fast Way to Boosting Your Credit Score
!!!Now I want you to pay attention very closely because I know the credit card companies do not want you to hear this!Skip asking the credit card companies for a lower rate. As greedy as they are, most probably wont go below 15% and that is if they choose to be nice. Go straight to your bank! Yes I did it, I went to my credit union, and basically told them my sad sob story, well over the phone.They knew I was making $200/month in payment from my bank account to my credit cards, and after I told them about my alarming Bank of America rate of 23%, I think they felt sorry for me Actually they verified employment—none, they asked for any income, I said yup whatever I get from financial aid. They placed me on hold, and I started praying (seriously ), which is why what followed was truly a blessing! They agreed to give me the money to pay off my credit cards, $4000!My loan was for a period of 36months, which made my monthly payments $135, Read more:Credit Score
2007-10-15 15:08:00 What is the Bankruptcy court admissibility of a Loan Application if there is no date on the application ?I may have to file Ch7/13 and my loan application has an overstatement of assets. There was no fraud intended. However, there is no date on the application. Can it be thrown out in bankruptcy court?The Answer : This is an application. Was the loan approved and did you get the money? If you don't have a loan with them, it will never even come up in BK court. If you did get the loan, they will have records when you got the loan. The application would not be important at all. The only important thing is when you had the property, when you got rid of it, and how everything is being reported. If you liquidated a lot of property within 90 days (I think that's the timeframe) of filing your BK you could have an issue. Your Attorney will be better able to answer this once you fill in the details. Good luck.
2007-10-15 04:29:00 How do I buy Bad Dept and Try to Collect on it ?The Answer : For starters, you need to do a ton of research. In many states you must be licensed to collect debts. You need to know not only the federal collection laws, but also understand that each state has their own laws. Hopefully, before you even consider this, you will have had some experience working for a collection agency. Now, back to earth....why? Wouldn't you rather try a more honorable profession....like a lawyer or used car salesman?
FREE CREDIT REPORT COM !!! 2007-10-14 19:41:00 Your Free Credit Report As A Negotiation Tool !!!Not everybody knows that your credit report, can be used as a negotiation tool once you have a good credit.When dealing with creditors, information is essential, though they may have information about you, they might not want to share it if it is beneficial for you. But if you can show proof of impeccable credit behavior, your arguments will have a higher weight. When negotiating with creditors it is not only important to know where you stand it is also essential to be able to prove it. Obtaining a Free Credit Report Each credit bureau provides credit reports for a fee to third parties but you can request your own credit report for free if you want to. According to the regulations, credit bureaus are obliged to provide you with a free copy of your credit report at least once a year. Therefore, if you want to know what your credit score is and what entries appear on your credit history you just need to contact each bureau and request your
FREE CREDIT REPORT COM !!! 2007-10-14 15:13:00 What can be or Should be Done about Unauthorized hard inqueries on Credit Report ?Yesterday I went to a new car dealer. I brought my credit report with me so i could keep the inquires down. I never filled out a credit app. nor did I ecer give them my premission. infact told them atleast 5 times not to run it .I checked my report this morning and noticed an alert from their Unauthorized hard inquirietHE aNSWER : When you specifically go to a creditor and specifically tell them they do NOT have permission to access your credit report...and they do it anyway...... Well, if it happens to me I will be $1000 richer. You did everything right...you did your homework and you know that when you shop for a loan every single lender is going to want to pull your score. And every inquiry you get lowers your score! I'm curious how they got your information to be able to pull your report though.....you didn't fill out an application? Go to the dealer and show them a copy of your credit report, with
FREE CREDIT REPORT 2007-10-14 03:40:00 What is the bankruptcy court admissibility of a loan application if there is no date on the application?I may have to file Ch7/13 and my loan application has an overstatement of assets. There was no fraud intended. However, there is no date on the application. Can it be thrown out in bankruptcy court?The Answer : I agree with JD....this is an application. Was the loan approved and did you get the money? If you don't have a loan with them, it will never even come up in BK court. If you did get the loan, they will have records when you got the loan. The application would not be important at all. The only important thing is when you had the property, when you got rid of it, and how everything is being reported. If you liquidated a lot of property within 90 days (I think that's the timeframe) of filing your BK you could have an issue. Your Attorney will be better able to answer this once you fill in the details. Good luck.
FREE CREDIT REPORT 2007-10-13 21:28:00 Free Credit Repair Report - How To Find A Free Credit Report Online?Your credit report could provide you with all useful information about your past year’s credit. One great news is that now it is also possible to receive a copy of your free credit repair report online free. Isn’t it amazing?In order to keep your private policies protected, it is of paramount importance to monitor your credit report at least annually. In this case you can keep a good track of your credit information. There are various ways to order for your free credit repair report. One such method is making use of Annual Credit Report website which provides the facility for the customers to view their free credit repair report online. Now if you do not have access to internet you can fill up a form that is available in the office of FTC and mail to Annual Credit Report’s office and receive your free credit repair report. For more explicit details you could place a call to their office’s toll free number.There
FREE CREDIT REPORT 2007-10-13 12:29:00 How can I remove a charge off from my credit?Is there any thing i can do about my charged off account? I have a charged off account on my credit report that I paid in full, Is there anything i can do to get it removed besides wait the 7 years I have paid the amount in full to the United Collection Bureau and it has not been removed, changed to paid in full, payed as agreed, or paid charge off, what should i doThe Answer : By law, the collection agent is only required to show the account as "paid" or "settled for lesser amount". But note that all other negative information, like charge off's, late payments, and collections will still be there, and it's still a negative report. You fell into the trap that I have been trying to warn people about for many months.....never pay off a charge-off debt unless they agree IN WRITING to DELETE the item completely. Now you have a battle. It's very easy to get them to show that the account is paid off.....send the credit bureau a dispute letter.
2007-10-12 18:50:00
2007-10-12 18:31:00 BK question ,and how to clean up credit.?I probably have a stupid question here, but i'm going to ask anyways. Now i looked at my credit, and my score is 500, and i have 3 things that are affecting me badly. 2 are paid, and one is still open. I have 2 things that have not reached my report, but in fear they might with in the next few months because they are not happy with the payments i'm able to make them. I have added up ALL my debt, and it's 25,000$. Is that a good amount to file BK on? And if i don't choose to do the BK how long, and how can i get my credit score back up to a amount that would be good enough to buy a home with?The Answer : Do you currently own a home and/or car? Do you make over $40k a year? In either case you may end up filing for Chapter 13. That will solve some of your credit problems, but your score will still suck for the next few years. But what other options do you have? With 5 charge off's on your credit, and most likely a judgment or two, your credit
FREE CREDIT REPORT COM 2007-10-12 11:03:00 Free Credit Report - Be Careful Of Paying For Extra ServicesYou type in "free credit report" into a search engine and you get thousands of result, hundreds of thousands, which one do I choose? what is the best one?There are a few things you need to consider when looking for a free credit report and a few things that you need to be aware of so you can choose the one that is right for you.The thing you have to be aware of is that some free credit report sites will try to see additional services, so you have to consider if you want these or not, these services can be useful and may offer benefits, but you have to know if you need them or not or it's money down the drain. Some offer a 30 day trial service - this includes a free credit report and you can cancel at any time.The service will scan your report each day to you get any updates and changes to your report sent straight to you, this is good if you think you might be getting some bad reporting done on your file - maybe you are late
FREE CREDIT REPORT 2007-10-11 20:38:00 Best Credit Report - How To Choose"Ok, cut the bull" you say - you type in "best credit report" into google and you get back a million results! you just wont to know what the best credit report is and how to get one. Well to do this you just need to know exactly what you want - the best credit report for you may be one with a few additional services that give you a better picture of your report - there are services that include your credit score with your report, and other identity theft that come with your credit report, to get the full picture on what is the best credit report read on.You may of heard of the website annualcreditreport.com from this website you can get your report from all 3 reporting agencies which will give you different score so you should get all three reports. Out of the 3 credit reporting agencies, Equifax is the only one that uses the a FICO score. Or you could get your FICO score directly form their website for around $8.Some may advertise that you can get you
Free Credit Report !!! 2007-10-11 07:29:00 How do you have collection actions removed from your credit Report?they were all place in bankruptcy prior to the collection maybe the creditor did not receive notice????not sure but I cant seem to work them out of the reportThe Answer : Just because a debt is listed on your bankruptcy does not mean you are confirming you owe the debt. You are listing them as a creditor in order to include them on your bankruptcy. The debt can still be disputed. I am currently involved in helping someone with an identical issue, and it's probably going to end up in court.To answer this question, just because the debt was not included on your report prior to bankruptcy does not prevent them from reporting it. The automatic "stay" placed by the court prevents them from attempting to collect the debt from you, but does not include reporting. However, they are requried to list this as "included in bankruptcy" and it must show a zero balance. Anything else is a violation.This report will remain on your rep
FREE CREDIT REPORT 2007-10-10 20:46:00 How to Get a Free Credit History CheckThere has been a lot of talk lately about credit reports and credit scores, and how important they are. It seems like you can't turn on the TV without hearing something about how important it is to keep tabs on your financial standing. Your credit score is a list of your financial history, showing lenders and banks whether you've been a good borrower, or a not so good one. This financial track record can be the deciding factor when you apply for a loan, car lease, credit card, or mortgage. It pays to know what is on your credit report, quite literally, as a good credit score can save you thousands of dollars.There are three major credit reporting agencies in the United States: TransUnion, Experian and Equifax. Each of these companies keep a separate record of your financial activities. It is common for each of the three agencies to report a slightly different credit score for the same person. This is due to slightly different record keeping pract
Understanding The Importance Of Your Credit Score 2007-10-10 09:38:00 Understanding The Importance Of Your Credit Score
As recent as a few years back, the term "Credit Score" was not very commonly used in our society. While there were who understood the term and its purpose, the mass majority, although realizing that there was a system out there that their credit, they did not have a term to stick to it.Today, however, due to a number of factors such as increase Identity Theft and mass media marketing campaigns there are very few who are not aware of the term Credit Score. The goal of this article is to add understanding on the personal to the recognition of that term.A Credit Score is a number between 300 and 850 based on a statistical analysis of an individual's credit activity. It is used to represent the credit worthiness of an individual. How likely that the individual will pay his or her debts. A credit score is based on their credit report information which is typically sourced from credit bureaus and credit reference agencies, typically from th Read more:Understanding
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