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Where is proof credit card debt cannot be collected after 6 years? ORC has 15 or 6. PROOF needed for Judge.? 2007-10-09 08:20:00 Where is proof credit
card debt cannot be collected
after 6 years? ORC has 15 or 6. PROOF needed for Judge
.?Credit card debt has not been collected or paid in more than 6 years. (House foreclosed, car repo-ed, earning less than $19,000 year with 4 dependants. Get the idea.) Collection Atty. and Judge want PROOF credit card statute of limitations for debt collection is 6 years. Where specifically does Ohio Revised Code say credit cards are different from ORC 2305.06 for written contracts. I found ORC 2305.07, but it does not provide detail for credit cards being included in this category. Does ORC 1335.02 define it or refer to something else? I cannot find an attorney who knows this to be a law. I cannot afford one to "research it and get back to" me. The Collection Atty. and Judge said "Suze Orman is NOT an Attorney" and can not take her word on this matter. I would appreciate ALL info and suggestions to resolve this.The Answer : Did you ACTUALLY talk to a District Court Judge?I see wh
How Do You Obtain Your Equifax Free Credit Report? 2007-10-08 15:57:00 How Do You Obtain Your Equifax Free Credit Report?Equifax, Experian, and TransUnion are the 3 major credit bureaus and are required by law (Fair Credit Reporting Act - FCRA) to provide you with a free annual credit report at your request. Once every 12 months you can request a free copy of your credit report. Your credit report includes information on where you live, how you pay your bills, whether you've been sued, arrested, or whether you have filed for bankruptcy.The 3 major credit bureaus sell the information in your report to your creditors, your insurers, employers, and other businesses. Those businesses use your report to assess and evaluate your applications for credit, insurance, employment, or even renting a home...You are also entitled to one Experian, TransUnion or Equifax Free Credit Report during any 12-month period no matter where you live, if: You are unemployed and intend to apply for a job in the next 60 days.You are on public welfare assistance.You believe your cred
At what age could you obtain a credit card? 2007-10-08 09:48:00 At what age could you obtain a credit
card? at what legal age in New York could you use a credit card The Answer : You must be 18 years old to get a credit card, unless you have someone co-sign it.Since one of the major parts of your credit score involves how long you have had credit, many parents are starting to get very young children credit cards. They will occasionally put a charge on it, then pay it off. By the time the kid is old enough to get a car, they have a decent credit rating.Sounds funny, but when I bought my first car they almost turned me down because I had no credit history! I had a very good job at the time, but was still living with my parents. Then I went to get a home, same problem. The mortgage officer decided to just let me have it based on my income. I had no credit history to work off of! So get your new-born signed up!
My credit is horrible? 2007-10-08 03:15:00 My credit
is horrible?For a period of about ten years I had excellent credit. I had many friends that needed help establishing their credit and since someone had helped me establish mine, i tried to help them by allowing them to get any number of household utilities in my name and even co-signing for a car for one. I don't use my credit a lot so I thought everything was great and that all the bills had been paid. When i went to get a car loan a couple of years ago i was nearly laughed out of the bank. Turns out that NONE of my so-called "friends" had ever even made any payments on the things I allowed them to get with my name. I never even knew it, it was like being slapped in the face. I have worked very hard and have paid off all of the outstanding balances, but i still have horrible credit because it went unpaid for so long. How can i begin to rebuild my credit?The Answer : This is a classic example of how collection companyes screw you!Even after you have paid off the debt, they c
Free Credit Report No Credit Card Required 2007-10-07 21:16:00 Free Credit Report No Credit Card
RequiredLooking for a free credit report no credit card required? Credit agencies have to give free annual credit reports if asked to do so. You can learn more about getting your free annual credit reports no credit card required, and by yourself learn to target your ideal score. Keeping a track of your credit score will help you measure what the lending companies are willing to loan you. I have yet to come across somewhere where you get free credit reports, and also get your credit score. Most free credit reports don’t give your score along with the report.Getting your free credit report is major when you have knowledge and control over your financial information. While obtaining your free credit report you should have no obligation to commitment to anything. If you are trying to obtain your free credit report online, do not use a public computer to access this information. Using public computers to access your free credit report may cause you perso
Can the amount of a debt be negotiated once it reaches a collection agency? 2007-10-07 20:49:00 Can the amount of a debt be negotiated once it reaches a collectionagency
?The Answer : Remember that collection agents are leaches. They don't care about you or your family situation. All they want is your money.First, do NOT even mess with a collection agency unless they actually purchased your debt. Contact the original debtor.Second, the reason you are negotiating is because you do not want this debt to appear on your credit reports. Therefore, demand that if you pay them anything they must agree to remove any record of this debt off of your reports. If they refuse, let them sue you. The damage to your credit report will be the same, and you can get better terms for payment from the judge. I've supplied a sample letter in the link below to use as a template.When talking to the original debtor, remember that they are paying at least 1/3 of the debt amount to the collection agency, so start there with your negotiating. For example, if you owe then $1000, offer $500. They may accept
What non profit org would u recommend for credit card debt? 2007-10-07 20:46:00 What non profit
org would u recommend for credit
card debt? The Answer : Before wasting any of your money on a credit repair agency, read the links below. Much of the work you can handle yourself.Non-profits will still charge you a fee, they are just not as high. In my opinion they are still not worth the money.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...
Are credit improving agencies legal, is it legal to have an agency deal with a persons credit? 2007-10-06 20:30:00 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...
Why can't I access the Annual Credit Report Website??? 2007-10-06 07:48:00 Why can't I access the Annual
Credit Report Website???Everytime I attempt to access the AnnualCreditReport.com Website at http://www.annualcreditreport.com... I receive this message: The page cannot be found & The page you are looking for might have been removed, had its name changed, or is temporarily unavailable.I am stationed overseas with the military and I am starting to think that we are being blocked by somebody??? The website is inacessible onbase on home computer, but I was able to access the website at work, so it can be accessed overseas. It is a safe website. Many military members overseas are having the same problem. I would think somebody out there would know the answer to this question???The Answer : Whe annual credit report site was set up to be extremely secure. I think it's safe to go there. When you do, you will have easier access to all three agencies.I have not had any problems accessing the site.
Just got my bankrupcy discharge paper and need to know what I can do now..? 2007-10-06 07:43:00 Just got my bankrupcy discharge paper
and need to know what I can do now..?Though I just got my discharge I want to know how soon will it be before I can look at getting a very small loan (about $5000)from a bank to get a used car and rebuild my credit quickly. With that small amount I could pay it back in no time. Or are there any other way without the high interest rates? The Answer : I came across this article doing some research. It might help. http://credit.about.com/gi/dynamic/offsi...
Bad Credit & Car Loan ?!!! 2007-10-21 01:02:00 Bad Credit Car Loan
Help ?!!!My FICO is 580-610, depending on the bureau. I am in the process of repairing my credit (I have paid down my debt by over 2k in the past few months), but am in need of a new car now because the one I drive has become unreliable.Here is some info about my situation:- I do have some recent delinquencies on credit cards, but have never been late on a car payment.-I have been at my current job and residence for 2.5 years. I make 50k/year.-My credit card payments total $475 each month.-After my trade-in, I will have somewhere between a $4000-$5000 down payment.-I would like to purchase a car that is between 15-20k, so I will need a loan for 10-16k. Even with the astronomical interest rates I will likely receive, this should be a $300-$350/month car payment (I can afford this on my income).Here are my questions:-Will it be difficult for me to get a loan for this amount? I do not have a cosigner.-Any suggestions for where I should look? Any banks or dealerships? I Read more:Bad Credit
Home Mortgage Loan !!! 2007-10-20 19:08:00 Getting a Low Home Mortgage
Loan Quote !!!For most people, a mortgage is the biggest amount of money they will ever borrow. It makes sense, in light of that fact, to get the best rates for your mortgage. Getting a home loan mortgage rate quote before you sign on the dotted line is the best way to get a mortgage that is right for you and your wallet.Getting a quote is simple, but learning to evaluate quotes is a whole other ball game. You need to know the following tips in order to understand what you're looking at and prepare yourself to get the best rate.The first thing to know is that you shouldn't just go for the first quote that you get. If this is the first time you're shopping for a mortgage, then you may not know a good deal from a bad deal. Shop around and compare the first rate you get to other quotes. You may find something better. Even if you don't and end up going with your first quote, you'll have the piece of mind knowing that you shopped around.Watch out for low ini
Home Loan , Credit Card Dept 2007-10-20 11:06:00 I Have $60k in Credit Card
Dept @ 8.99 % ave apr , Should I Refi or Home Loan to Get Out of Dept Faster ?!!!We pay about 1500/month toward 6 cards but only pay a little above minimum for each. some cards have 3.99% or less intro rates. getting conflicting answers from brokers and family. amortization tables show payoffs within 4-5 yrs for either home loans or paying $1500/month to cc. any suggestions which is better option? home loan with bank fees but tax break or no tax break with cards but no other start up fees.The Answer : Let Me Guess ?!!!Over the past years you have been getting credit cards and rolling the balances over to them. Then you run up the other cards, get another card and roll over.....Am I close?Now you are looking at a home equity loan or a complete refinance. I'm not preaching to you. I've heard this story over and over. Let me jump to the ending of this story.....you will be filing bankruptcy in another year.I know this because in the past 5 years this very thin
Improve Your Credit Score 2007-10-19 10:53:00 3 Tips to Improve
Your Credit Score
!!!Ever wanted to improve your credit score? Don't fall for the false internet claims of "raising your score overnight!" I've got 3 tips that cost nothing and will help you raise your credit score over time. 1 - Make Sure Your Credit Report Accurate Are you sure the information on your credit report is up to date? Small errors on your credit report may affect your credit score. Here's an easy way to improve your credit score: With the Fair Credit Reporting Act in place, you are entitled to make any changes of errors that appear on your credit report. By identifying the error and submitting proof to any of the 3 credit bureaus (TransUnion, Experian, and Equifax), you can get inaccurate items deleted from your credit report! This can help raise that FICO score!2 - Maintain Balance on Credit Cards Accounts at 30 % of Your LimitCredit bureaus do not like seeing your credit card accounts maxed out. It shows financial irresponsibilty. A safe percentage Read more:Credit Score
Fix Your Credit !!! 2007-10-18 15:51:00 I want to Fix My Credit & Bring it to a Perfect Credit ?!!!I got my credit report and i came up with the estimate that i owe $6,900. I am going to start paying that but in small payments cause my income is very low. I am asking that anyone in here that can tell me step by step on how to fix my credit and what to do and what not to do so it can bring up my credit score. Anything helps. Thank YouThe Answer : Fixing your credit is going to be a two part battle. You must first get rid of all the negative information, then start adding positive info.Note that just paying off your debt does not remove the negative information from your credit report. All they are required to do is show "paid" on your report, but all of that negative information will remain, and that will keep your scores low.Also, you don't want to be paying a debt loaded with a bunch of illegal collection fees. So fixing this is a long process..I'll try to give you the highlights.1) Dispute every item on your report t
Repair Your Credit By Making Monthly Payments !!! 2007-10-18 10:44:00 How Do I Repair
My Credit By Making Monthly
Payments ?!!!I want to repair my credit. I was told I can combine all my bills and send it somewhere and they would allow me to make one monthly payment. I'd like a place that non-profit. Can anyone help?The Answer : Lets start by clarifying things...Debt consolidation is when you take out a loan to pay off all your other debts, then you pay one loan off at a reduced amount.Debt SETTLEMENT is when you hire a company to contact your creditors and negotiate a reduced balance, lower interest or late fees. You then pay this company to act as a "trustee" and pay off your creditors. Debt SETTLEMENT kills your credit scores. But getting a consolidation loan does not! You will still have the same debt, but now it's only to one person.Debt consolidation is a great way to fix your money problems...but it has great dangers also. Over the past few years the banks have been enticing people to take out these loans. People get them and pay off their credi
Cedit Score Under 500 2007-10-17 20:08:00 Credit Score
Under 500How can I get a loan with a credit score under 500. Having a credit score under 500 means that you will not qualify for a conventional mortgage refinance, however you may qualify for a hard equity loan, so called because it is based on the equity remaining in your home instead of your personal credit. If you do require a mortgage loan with a credit score under 500, more than likely you will probably be seeking an equity based lender.Since loan companies assume that customers with sub-500 credit scores have more difficulty in paying back their loans, the ratio of the monthly payments to monthly income is another factor in play.Your credit score determines whether you will be, approved, declined, required to place a large down payment, or have to obtain good or very unfavorable terms for not only mortgages, home loans and cars, but for a variety of other things as well. Lender banks consider mortgage payment "lates" much more severe than credit card late payments, a
Bankruptcy & Personal Loan !!! 2007-10-17 12:35:00 I Claimed Bankruptcy 10 Years Ago , Can I Get A Personal
Loan ? I haven't gotten a credit card either. When I go for the personal loan, do I still need to say Yes, I claimed bankruptcy? Even though it has been 10 years?The Answer : For starters.....when recovering from a bankruptcy you need to start immediately in rebuilding your credit. If you haven't done anything in 10 years, your credit is still gonna look terrible! Go over to this site. Http://www.lifeafterbankrutpcy.comThis isn't spam...but this site does have stuff they are selling. but they also have a ton of free information, and newsletters. Their last 3-4 newsletters gave step-by-step info on rebuilding your credit after a bankruptcy. Other past issues give info on how to properly go about seeking a loan. No, you do not have to tell them you have a past bankruptcy. If you do, that will most likely kill your loan. Many loan officers are very narrow minded, and if they see a BK they will rubber stamp your application immedi
NCO Credit Agency !!! 2007-10-16 20:08:00 NCO Credit Agency !!!I owe a debt that was turned over to NCO financial group to collect a debt. I contacted them in June and said I could pay in two weeks and they said to call back in July because they couldn't set up payment arrangements for the following month. Since talking to them I have done some research and found a lot of bad things on them. Now I'm concerned. I know once its turned over to a collector you have to pay them but I wonder if there is anything else I could to avoid going through them?The Answer : Let Me Make This Point Clear : You have NO legal obligation to even talk to a collection agent. Your debt is with the original creditor. Therefore, you have every right to contact them and try to negotiate some sort of settlement.Whether they will work with you is another matter. Some will, and avoid the collection fees. Others simply don't want to mess with it, that's why they sent it to collections.If that's the case, follow OC's advice. 1) Remember, collection a
Errors in My Credit Report !!! 2007-10-16 16:08:00 is there any legal action i can take against Credit Agencys that refuse to correct errors in My Credit Report
? i had filed for bankcruptcy 3 years ago. Two years ago I refinanced my house with a adjustable rate mortgage which is due to reset this October. When I did the refinance I rolled an existing second mortgage into my new loan. Since my bankcruptcy I have had a perfect payment history and have paid off several new loans to help improve my credit. Unfortunately the credit agencys are reporting the previous house loan and the second mortgage as included in the bankruptcy which they were not. Both loans were paid off with the refinance. I have contacted all three credit agencies numerous times, sent them the bankruptcy paperwork which showed the house as being excluded from the bankruptcy as well as the new loan which shows both loans being paid off. They still refuse to update my credit report. Since these show up in my credit as foreclosures/bankruptcy, I cannot refinance without Read more:Errors
Good Interest Rate On Car !!! 2007-10-25 08:45:00 Whas A Good Interest
Rate On A Car ? is A 19 % Interest Rate Bad ?!!!The Answer : Auto finance is what I do for a living and it depends on your credit.For a lot of people 19% sounds high, but there are just as many that would be glad to have 19% because they are either paying a lot more or can not get approved at all.Remember, no one pays the full term of their loan, these loans are a way for people to re-establish their credit, after about 18-24 months of good payments you can trade and get a lot better rate.
Credit Cards , Authorized User , Credit Report !!! 2007-10-25 01:05:00 How Can I Have Credit Cards
That I Am An Authorized User On Only Removed From My Credit Report
?!!!When my ex-husband and i got married he listed me as an authorized user on several of his credit cards in an effort to help build my credit history. although the trade does apperar on my report and i get some credit for the payment history,i'm not responsible for repayment of the cards, from what i understand. however, if he were to default, the negitative information would reflect on my report as well....since we're splitting up i want to have myseft removed as a user on the card just to protect myself. he has called and requested that i be removed as an authorized user, but the cards are still showing up on my report (this is bringing my score down as well). shoudn't the trades be completly removed? does anyone know anything i can do to make sure this happens?The Answer : The history will continue to show for 7 years even after you have been removed, the accounts should show as close Read more:Credit Cards
Best Credit Card to Apply with Bad Credit !!! 2007-10-24 23:11:00 Which is The Best Credit Card to Apply for with Little or Bad Credit
?!!!I have limited credit and I am in need of a credit card. I have applied to a view credit cards and have been denied. Which is the best credit card to apply to when you are in a limited credit situation that has a good approval chance?The answer : Try Capital One, H.S.B.C., Orchard bank and First Premier.
$ 25,000 Car Loan with BadCredit 2007-10-24 20:00:00 Can I Get a $ 25,000 Car Loan
with Bad Credit ( Score 570ish ) ?!!!I have bad credit issues due to past mistakes and now that my finances are in good standing, I still have the mistakes in my credit history.Can I get a $25,000 auto loan by myself? I have a great job and can afford the payments? Also I have a co-signer? Would I be able to get the loan with the co-signer?The Answer : finance is what I do for a living and without looking at your credit no one here can answer your question.I can tell you the factors that car deals are based on;1. LTV (loan to value). 2. Term of loan. 3. Age of vehicle.4. Miles on vehicle.5. Down payment.6. Time on job.7. Time at residence.8. Monthly income before taxes.9. Credit score/profile.10. Total debt to income ratio.As long as the above factors are within the lenders guidelines there is no reason that you can not borrow $25,000.00 with a 570 score.
Reposession On Your Credit Report 2007-10-24 14:25:00 is There a Difference in Voluntary Reposession & Involuntary Reposession on Your Credit Report ?!!!is there a difference, if so, what is it, and which would look better on your credit report? Any help/advice is greatly appreciated.Thanks!The Answer : Auto finance is what I do for a living and all of the other posters are correct.Credit wise there is no difference.The bad thing about repossessions without a bankruptcy to explain it is they will ruin your credit for several years and make it very hard to get any other types of loans without making massive down payments, paying huge fees and State maximum interest rates.After the car goes back the lender will sell it at auction for far less then it's worth and come after you for the difference plus all fees for towing, storage, reconditioning, interest, lawyers and anything else they can think of. This will amount to several thousand dollars and if you do not pay they can take you to court, get a judgment and attach bank accounts, ga
Info Taken Off Credit report !!! 2007-10-24 08:11:00 Can I Get Info . Taken
off My Credit Report !!!I have been looking around the web about credit report
s and found info. saying that even if I don't pay what I owe in 7 years it will still get taken off and even if I do pay it that it still takes 7 years? I also heard about "reaging" say, I have an account in collection since 2004, then I contact the creditor to pay off the balance, in 2007. I heard the clock starts all over again from the last time they posted something on my credit? Help....The Answer : What you heard is true.Derogatory accounts drop off your report 7-years from the date of first delinquency. It is not legal to re-age accounts, so nothing should stop this from happening.However the other time line is the statute of limitations, this is the time that you can be held responsible for your debts.This varies from State to State and by types of debt.Every time you pay on a delinquent account it starts this time line over. In some State's even talking to the creditors and a
Personal Loan , Home Loan , Car Loan !!! 2007-10-24 04:20:00 Get Personal
Loan , Home Loan , Car Loan
After Bankruptcy at Low Rate of Interest !Do you feel your chances of getting approved for a loan after filing bankruptcy is bleak. Wait for a while, bankruptcy loan can help you even after filing for bankruptcy, getting approved for funds after a bankruptcy is not that daunting as you think.RE-establishing your credits is quite important. You can avail of personal loan, home loan, car loan after bankruptcy at low rate of interest and simultaneously work towards replenishing your credit scores.Provided, you make some good down payments on your bankruptcy loan you don’t get low interest rate, as a home loan after bankruptcy lender will foresee risk in lending loans to a bankrupt. A good size down payment will give him an assurance that his loan payments will be made on time.Get Personal Loan, Home Loan, Car Loan after Bankruptcy at low interest rate!Save some extra cash for a Down Payment:Save money for a down payment. Your down payments ease d
First Credit Card !!! 2007-10-23 19:33:00 First Credit Card ?!!!Just got my first cc ever trying to build my credit since i have none.But iam in need of some advice how exactly does this work? Tips/advicewhat is the cash advance limit?Lets say I used $250 when it came time to pay the bill what amount will i be paying if i pay on time?Just a lil confused dont wanna screw anything up heres the ino on the card i got-Capital One® No Hassle Cash(SM) Rewards - Limited Credit OK • 25% annual bonus on the cash you earn during the year • 1% cash back on all purchases* • No limit on cash back and rewards won't expire for the life of your account • 0% APR on purchases until February 2008. After that, variable APR, currently 16.4% • $29 annual fee • For people with limited credit history or credit that needs some improvementThe Answer : not use a credit card for a cash advance, interest is to high.Use it for every day things be careful never to exceed 30% of your credit limit in any given month and pay in full before the due Read more:First
Mortgage Loan Approval !!! 2007-10-23 05:19:00 Eligibility Criteria For A Mortgage
Loan Approval
!!!Several types of mortgage loans are being floated in the market by multiple financial institutions. However, it is advisable to have information regarding various criteria that are taken into consideration by mortgage lending firms while determining the eligibility of a borrower for a mortgage home loan. As these criteria determine the interest rate on the loan, knowledge about them is even more vital.The most important criterion that lenders usually go for is about the repayment capability of the borrower. Credit history and FICO scores of the borrower provide ample information regarding financial status and the repayment history of the borrower. Lenders usually give prime importance to borrowers having a reasonable credit history with credit scores of more than 600. Credit reports of the borrower can be obtained from any of the three leading credit bureaus in the U.S.. Credit reports contain details such as the income of the borrow Read more:Mortgage Loan
Student Loan !!! 2007-10-23 03:10:00 Student Loan Dept Consolidation !!!If you are or have been a student and borrowed money to pay for college, you obviously need to repay any outstanding loans. It doesn't matter how long ago the loan was taken out; finishing college doesn't let any of us off the hook.Many people find that when seeking the purchase of a home or establishment of a family, their student loans come back to haunt them. These college debts should be repaid as quickly as possible to help in moving on with your life.There is one way around this; you can consolidate your student loans and make one payment each month.By doing this, you actually reduce the amount of time and money used in paying off your various student loans. You can breathe a bit easier knowing that the one payment you make is going toward all those debts, and that they are being paid on time. And if your interest is at a fixed rate, you won't need to be concerned about it rising over time.There are four broad types of student loans:Ï Standa Read more:Student
, Student Loan
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