Credit
How do you know which debt settlement or debt consolidation program to choose, when theirs 1000’s out there?
Shared by Ophelia: How do you know which program is good and which one is right for you. I heard their is a way to check there beruo report or something, not sure what its called. How can you see the results and reputation of the debt settlement program or debt consolidation program.
How do you settle debt with credit card companies?
Shared by Narcisa: I’ve got some debt that’s currently in collections. And I got to talking to one of the debt collectors and he revealed that the average company is willing to settle for about 75% of the debt owed.
But since they’re basically screwing you with outragous interest that never allows you to really [...]
How many times can the same debt be placed on your credit report?
Shared by Drema: I have had the same “debt” put on my credit report by the original lender, a collection agency over 2 years ago and now a brand new collection agency. I questioned the original debt on my report and they removed it, and now, it has obviously been sold to another collection [...]
Is credit card debt considered an open account or a written contract?
Shared by Stacey: I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a [...]
How can I get debt consolidation with hospital bills and non credit card debt?
Shared by Patrina: I have a bunch of hospital bills that really cost me in credit scores. I really want to try to consolidate it but I can’t find anyone who does debt consolidation without credit card debt. Any suggestions?
Can Asset Acceptance LLC resubmit a debt to the credit agencies after statute of limitations?
Shared by Becki: Asset Acceptance is holding two small utility debts of mine. The statute of limitations has run out but they resubmitted the debt to the credit agencies as if they are new. Can they continue to resubmit a debt after the statute of limitations has run out? How do I fix this?
How do you consolidate credit card debt if you do not own a home?
Shared by Mechelle: I owe about $12,000 in credit card debt and I wanted to make that my year’s goal to pay it off, but a lot of the websites I find require that you own a home, or charge a huge interest for someone to “negotiate” with your creditors to bring down interest. Does [...]
How long does debt stay on a credit report?
Shared by Mertie: I am helping my best friend clear up her finances and she has many, many old collection notices on her credit report that are helping to drag her rating down. They are probably 4-7 years old. Do these ever fall off? Or get written off? It seems like they just keep transferring [...]
How do I know when the debt was incurred?
Shared by Winnie: I have a collection from a finance company. That collection is listed as sold on my credit file. When the company sells a debt, does that date of the statute of limitation restart when the buying company recieves, or is it the original date. Basically, will it be on my file for [...]
What does debt relief companies do for you?
Shared by Chanel: How do they proper? Is what they do legal and does it really stop collection calls? What if a person is already in a payment program where they have access to your checking account and you turn your debts over to a debt relief company? What is the procedures. [...]