I have a debt on my credit report marked settled. I am still getting collection calls for this debt. They claim that the company they are collecting from can change this item from settled to something else. Is this true?
I have a lot of write offs on my credit report due to losing a job etc. After filing chapter 7 am I gonna be able to rebuild my credit wisely and start over… or am i screwed I need hope.
peace
the bankruptcy is over? even when they did not respond to the bankruptcy lawyer.
I,m concerned with not only having a bankrupcy on credit report, but now a forclosure also?
Two months ago I maxed out all my credit cards and opened an unsecured personal loan because I needed cash for family emergency. Now I have approximately ,000 debts from credit card companies and bank (all unsecured). After one month, I couldn’t afford to make the payments. For my situation, I don’t think I am able to payoff all the debt. What are my options now? When would the credit card company sue me? Can they garnish my salary? If the debt transfer to collection company, how much can I bargain off for a lump sum payment? Should I settle the payment myself or go to debt consolidation company? How many years the bad record would stay on my credit report?
I live in California. I’m working full time with ,000 annual salary. The only property I own is a free-and-clear car (2007). I might able to borrower ,000 from my girlfriend if a lump sum payment is offered.
Please answer as much as you can. Your help is much appreciated. Sincerely thanks.
About 13 years ago I incurred a debt with a university. I need to take care of it so they’ll release my transcriptions. The only information they have about the debt is the amount and the agency who originally held the debt. This agency is now defunct. What do I do if it’s no longer on my credit report?
I receive a couple collection letters and wanted to know if I should pay the settle or pay the total amount—>>>(on a budget) how would it look on my credit report? any information will help… thanks
Not credit card bills: they are medical, old cable, cell phones…
*credit card up to date and my car note too…
If you settle a debt for a lower amount than you owe, is that still looked at as bad??Im trying to repair my credit and although im told that paying off old debts does not really improve your score im trying to pay them off because im looking into trying to purchase my first home in a few years.Someone told me if i settle that it still does not look good because i did not pay back in full. Ill appreciate any feedback espically if you work in the industry where you have to look at peoples credit report to determine whether they qualify. Thanks alot
I’m 23 years old. Last year I was in a car accident and now I owe thousand something to the insurance company. I missed my payment last month and now they want to file a lawsuit. Meanwhile I’m paying 0 a month for a car I don’t even have anymore. The biggest thing on my credit report is a 0 medical bill. Just seems like there isn’t enough money coming in to pay everything every month. Should I file for bankruptcy? I really really don’t want to do this.
Hi every one, hope you all having nice weekend!
I have recently done my credit check for some thing, and i found out how bad my credit score is. I mean when i was teen and few cards were stolen back in 2005, my credit got bad:/ and i didn’t make payments on time. Plus i have one medical bill from 2003 and Fitness center bill.
*So all together my total collection balance on my credit report is ,030.
Which i should pay, and even with bad economy and having less money and more bill, i can try to add this bill to my paycheck too. But i need some help from ya all. If i can get any toll free # to collection dept. Or how do i contact them. I have no record of previous bills or statements. All i have is Credit report from TransUnion.
Any help will be greatly appreciated.
Any website or any help will be great!!
Thank you much in advance.
I did report the cards, that were stolen. They got stolen at Theme park, i was young and frighten cause that never happen to me or someone i knew. The security at the theme park helped looked but nothing. :/ i did called c-card companies the next working day and canceled the cards. There were few purchases made. I paid for couple, i was student at that time, not enough $$ plus i procrastinate too. But now i want to pay it all off to fix my credit.
I am in the process of trying to buy a home and recently reviewed my credit report. I noticed that one account was still reported as opened with a balance.
About 4 years ago, I had a credit card account with Conseco Greentree Financial services. The balance was sold off to another company when Conseco went bankrupt. I’ve since paid off the balance. I called the company that serviced the loan and they said there’s nothing they can do since they don’t appear anywhere on my credit report.
How cn I get this fixed? I can get Conseco to fix this since they are no longer in existence! HELP!!
Is a creditor required to send me notification or a legal form showing the income (like an employer is required to send a W-2)?
I previously settled some debts, received no such form, and the IRS came calling for the back taxes a couple years later. I have other debts that, after inability to pay, consideration of credit report limits, and statute of limitations for claim suit, I have decided not to pay. How will I know when this is considered income by the IRS?
I wanted to know what my options are in terms of settling old credit card debt. The debt was charged off in september of 2009 and now they are looking to seriously collect as I recieved an official "summons" with no court date. I called the lawyers office who are repesenting the creditors and they said I can still mediate the account by writing a letter stating how much I can settle for or how much can I pay monthly on the account and they will report to the court the agreement and cease legal action. Is this really the case? or do i automatically have a judgement/lien against me being the fact that they took the step to start action with a summons. Called this morning and he said it is just the initial step. How do I approach this?
Should I write a letter to settle the account? For how much?
Should I pay monthly and then settle later on or pay in full over time?
I cannot afford to pay in full up front. Just graduated in 2008 but just started working full time.It is an old debt and credit cord from my college years coming back to haunt me. I use to make regular minimum payment without missing a beat until mid last year and then they charged it off.
Now it is at a collection company who is now being represented by a collections attorney company.
I am interested in pay for delete off my credit report but do understand that it would remove my oldest credit account on my report which would negatively affect me. How should I apporach this and what should I state in my general repsponse letter to them?
the account is about ,000 from student credit card from bank of america. It is now with cavalry portfolio after going through FIA CArd services.
I just could not afford the payments at the time
Does the summons and/or me sending a settlement letter to them after the fact show up on my credit report as a consent judgement or just a charged off account being paid on?
It’s been about 3 years since I had to break a year apartment lease to move for work. I tried to talk to them to work something out and they said sorry you have to pay for the last 3 months of the lease. I didn’t have that kind of money to fork over so I had to just leave. Now they have ruined my credit score saying I owe them ,600. My rent was 0/month. I can’t get a house because of this so my question is what do I need to do to get this off my credit report ASAP? Credit lawyer? If they started renting the apartment I was in say the next month, are they allowed to collect from the new tenants and me at the same time? Is that some kind of double payment? Thank you in advance for any advise you guys & girls have!!!
-I hate the US credit system! Help!
I have ,000 in credit card debt from 5 years ago. I am currently in school full time and simply cant pay anything on it. The collection agency wants me to get a student loan and settle at the origional debt of ,000. He is sending me in writting now that the debt will show paid in full on my credit report. Is it wise for me to do this or would I be a fool?
My bankruptcy was discharged and closed in March of 2008. A couple months ago I found out I had a creditor still requesting money that I didn’t know about, and was not present on my credit report when I first filed. I was wondering if I could reopen my chapter 7 that was discharged and closed (in Illinois)and put this creditor in it. I filed myself without an attorney, so I didn’t know if this was possible.
I owe money to a hospital that recently filed for Chapter 7 bankruptcy. Will my debt with them taken off my credit report? Or does it stay?
Same goes for a bank. If they go into Chapter 11 or Chapter 7?
Im thinking of terminating my agreement with them, I had already mailed them my credit report.. is there any way they can "steal my identity" or do anything mean for "payback" after terminating my agreement with them?
I am just curious, I have some bad debts on my credit report and am curious if it affects my cedit more if I pay a settlement price or pay the full payment
I have a number of accounts (credit cards) that I let default due to a bad period in my life. I’m trying to pay them off but how can I go about it? That is, how much can I offer to settle and would they remove it from credit report as part of an agreement? thanks
I spoke to a collection agency. They are saying that I can settle my debt for less than what I owe. It still has not hit my credit report. If I settle will it eventually show? The agent said it wont, but I know they just want to get paid.
Any personal experience w/this?
I asked for it in writting. She said they don’t have a letter format for this.
I would like to settle a few closed credit accounts that have been charged off and bought out by debt collectors. The collection agency is offering me a discounted rate to pay off this account. If I choose this option, will my credit report eventually show this account closed and paid off, as stated by the agency?
I just reviewed my credit report and noticed that there are two medical bills on my report. The agency that currently has my account has offered me a settlement and is sending me a statement in the mail. I am in the process of trying to straighten out my credit score and before this medical debt showed up things were greatly improving. I would like to know if I was to settle the medical debt, would that be worse for my credit report and credit score.
Thanks in advance for your response.
I know this may be rather irresponsible of me but I have backed myself into a corner and I see no escapes other than declaring chapter 7. If I never would have financed my car (at age 19 now 22), then I would not be here asking about it. I still have 3 years left of payments on my car and insurance on top of that plus living expenses. I DO NOT wish to work full-time like I have been for the past 3 years because I want to just focus on school and not worry about bills. I only work part-time now and my income does not meet my needs. I figured why not since I won’t be buying a house anytime soon. I plan on saving up for a cheap car (about 2 grand) to have until way after graduate school and an established career. I was very naive and ill-advised a few years back and would rather suffer with a bad credit report now than deal with the bills and be forced into full-time work again. Please, I need some honest, sensible opinions. Thanks!
What kind of phone techniqes should I use, how much (what %) should I first offer to pay? How do I get them to "be nice" on my credit report?
what will it show on my credit report
My husband is 21, unfortunately he has made some horrible decisions in his life regarding money. He is now considered ‘high risk’ by EVERY loan company you can think of, including the NO CREDIT BAD CREDIT NO PROBLEM people, lol. Now his (not mine, my name is not on it, and please remember, I just recently became his wife!) car is up for repossession. He leaves for basic in January, and that will solve many of our money problems. However, we NEED this car, myself and my daughter, while he is in basic and up until that time. How long will it take them to come get it? And the real question I am asking is–with his credit being this horrible, and owing all this money that’s so terribly behind, should he just file bankruptcy?? I know it will freeze the repo and we can at least keep the car. He is only 21, I know that is young, but his credit report is four pages long–of crap he still owes. Would it be better to start over even with a bankruptcy? (my credit is good.)
That is–keep the car for an undetermined amount of time. His mother (imagine that, the apple doesn’t fall far from the tree) filed bankruptcy earlier this year and drove her truck for free for over six months.
I have recently received notices to settle two separate debts for about half of what I originally owe, but it is to some random debt collection company. Two questions
1. how do i know that the company is ligit and is holding my real debt
2. how do i get the debts removed from my credit report if i am to pay the reduced amount?
I would like to settle a few closed credit accounts that have been charged off and bought out by debt collectors. The collection agency is offering me a discounted rate to pay off this account. If I choose this option, will my credit report eventually show this account closed and paid off, as stated by the agency?
I recently closed a small business and left my home state of FL. Well, I finally got around to having my mail forwarded form my PO Box and received a letter from AT&T that I have a past due balance of .27. I called AT&T today (1/12/08) & tried to pay the bill but received a message that the debt has been sent to a collections agency (American Recovery Services) (The letter was dated 12/7/07). I don’t think I owe the money, (I thought the last bill was paid in full), but I’m willing to pay.
1. What is the best way to contact the collections agency to settle (by phone, mail)?
2. Is this debt already on my credit report as of today?
3. Should I get anything in writing before I pay, if I pay over the phone?
I’ve never had anything go into collections before, and I’m really worried about my credit score. Thanks
My husband and I have gotten in over our heads in debt. We are selling our house to rent a smaller one. By we have 70k in CC debt. We have been making the payments by the skin of our teeth and can’t do it anymore. My question is, do we have to go into default to settle?? Or can we call them to settle even though we are making our minimums? Also, how bad does it look on a credit report to settle debt??