I’ve got 00 in visa credit card debt. It’s not past due and I’m no risk. I want to know if I can settle this account, and possibly for how much. I don’t want to go delinquent to settle this. What effect will this have on my credit report, this is very important. I have heard of people settling for 50%, but they were all past due. I’m going to call visa about this but I would like to know a little bit about how settling works. (a number to visa would be nice).

Technorati Tags: credit card debt, credit report, little bit, risk, visa credit card

I recently gotten a debt collection notice for 00 on an account I have no distinct memory of, from over 6 years ago. The debt collector stated they bought the debt from citibank, citibank says they bought it from "verizon credit card", but cant give me a number to call "verizon credit card" to try and figure out what is going on. Now, from 1999-2001 I cleared and settled all my credit card accounts one by one, and I saved all my correspondence on these issues, but all of that was lost because they were stored in New Orleans at my father’s house. So basically I have these people trying to collect a debt I have no record of, whose latest action is from 2001, and they have suddenly listed this on my credit report, as if it was a new debt, from 2007 – which I am fairly certain is illegal. Anyone know the details on this sort of stuff?
After trying to work with this collection agency, now that I am sure that this is a junk debt, I am convinced these people are scam artists and know it. I called them and explained that I wanted to work with them to track back the company that initially owned the debt, and they said they didn’t care, that I owed them money, and that since they bought the debt this month, it IS a new debt, and that they could report it as so., because I "took action on the debt simply by calling them" I told them that legal counsel has advised me otherwise, and that in the state of Texas last monetary action on the date of the debt is what matters, not phone contact, which is true, and they hung up on me. My lawyer, who isn’t in this sort of law, is sending them the certified letter, following OCT1999′s recommendations. Thanks SO much! I was about to shell out the 2500 because this has dropped my credit rating from 750 to 590, and my job is at risk b/c of it, but now I am going to fight it.

Technorati Tags: 6 years, citibank, correspondence, credit card, credit rating, credit report, debt collection, debt collector, job, lawyer, legal counsel, memory, money, new orleans, risk, scam artists, state of texas, verizon, verizon credit

i have a steady job for 3+ years and been living in apartment for same do i run any risk of losing the job or apartment if i file bankruptcy?

Technorati Tags: 3 years, apartment, bankruptcy, risk, steady job

I’ve got 00 in visa credit card debt. It’s not past due and I’m no risk. I want to know if I can settle this account, and possibly for how much. I don’t want to go delinquent to settle this. What effect will this have on my credit report, this is very important. I have heard of people settling for 50%, but they were all past due. I’m going to call visa about this but I would like to know a little bit about how settling works. (a number to visa would be nice).

Technorati Tags: credit card debt, credit report, little bit, risk, visa credit card

I have outstanding credit card debt of roughly ,000 or so and it’s been 2 years since they have been in collections. One of the 2 CC companies is now suing me for ,000. I have a part-time job making /hr and my yearly income is roughly ,000/yr, so I’m already quite limited financially. The only significant asset I own is a 1999 Mercury Sable (paid for), as I rent. It seems my biggest concern should be wage garnishment, I think. Is that a big risk making only k/year? Or maybe I should just file bankruptcy? I live in Ohio, if that helps.
EDIT: Also, I have an initial consultation with a bankruptcy lawyer tommorrow, is there anything I should ask him about?

Technorati Tags: 1999 mercury sable, bankruptcy lawyer, collections, credit card debt, initial consultation, mercury, mercury sable, part time job, risk, tommorrow, wage garnishment, yearly income

Ugh, so embarrassing, but here goes …

Consumer Credit Counseling says I can consolidate my 00 in credit card debts into one monthly payment of 7, providing the creditors accept this arrangement. But as of today I have .55 to my name and for the first time am about to go on food stamps to help me during this rough time.

Additionally I owe about 00 on my beloved car that I’ve had for one year. But now I’m behind almost two payments and am at risk for losing my car. This is the extent of my debt. I’m college educated and doing what I can to find work, but so far nothing, and it’s been seven dry months. Last year everything was coming together beautifully, and I was so proud of myself and my hard work, and then I lost my job.

Ten years ago I filed for bankruptcy in another state. This would be my second, although the first has been removed from my record since enough time has passed. I never in a million years thought I’d be in a position of having to consider bankruptcy again and am feeling incredibly sad and ashamed of myself.

I would really welcome input. I’m in California if that helps. At this point I don’t care about my credit rating. I just want freedom from this chapter in my life and another fresh start. Berate me if you must, but I’m really need solid feedback on what I should do. There won’t be an attorney. I would be representing myself.

Thank you.
P.S. It’s my understanding that if my car gets repossessed, they’ll try selling it at a car auction. I’m responsible for paying the difference in what I owe versus what they sell it for. Does this sound right? The car loan company is reluctant to discuss this, since they understandably want me to resume payments. Also, can a car be written off on a bankruptcy? That seems like I’m asking for too much.

Technorati Tags: bankruptcy, beloved car, car auction, car loan, consumer credit counseling, credit card debts, credit rating, creditors, extent, food stamps, freedom, fresh start, job, loan company, million years, risk, rough time

In the last 6 months the following great things have happened
1. I lost my company
2. I went bankrupt
3. I had to surrender my luxury car
4. I lost my job
5. I had a motorcycle accident and damaged my knee
6. My grandmother died
7. My mother disowned my for attending my fathers wedding
8. My pet rat died
9. My knee surgery from the bike accident went wrong so now I have very limited movement in my knee and constant pain
10. I think I have turned into an alcoholic
11. My partner doesn’t seem to like me anymore, not surprised.
12. Thanks to surgery complications, I cannot ride my bike anymore and now need a car
13. I am a bankrupt unemployed looser that cannot afford to buy a car

So why go on? I don’t know how much more of this I can take.
Please don’t get me wrong, I am not complaining that I have lost my money. My problem here is that I have lost everything. My health, my independence, my self respect, my mobility, my confidence. What else do I have?
The paralysis side effect was a 1 in 1000 issue that I was made aware of and agreed to the risk of. I should have known better considering my recent track record. There is no one to sue as I knew the risks and agreed to them.

Technorati Tags: bike accident, confidence, grandmother, health, job, knee surgery, luxury car, money, motorcycle accident, paralysis, pet rat, risk, self respect, surgery complications

Before I was married I filed both ch 13 and 7 bankruptcies. The 13 was dismissed in 2004 and I later filed ch 7, which was discharged in 2005. I am now married and don’t know if my husband and I can file ch 13. He has never filed bankruptcy. Or can he file individually, even though we are married? We’ve suffered a traumatic loss of income and are at risk of losing our home. Thanks for your help.

Technorati Tags: bankruptcies, bankruptcy, ch 7, home thanks, risk, thanks for your help, traumatic loss

Now that I saw on the news that 2 major banks went bankrupt today on CNN I’m wondering what to do. I’m with pcfinancial which is a branch of CIBC in Canada. Do you think that I maybe in risk of bankrupt? Should I start converting my currency into gold? How protected is CIBC

Technorati Tags: banks, canada, cibc, cnn, currency, gold, pcfinancial, risk

Can he sign a lease agreement with me?
Will the lease be valid after he declairs bankruptcy?
What dangers are involved with leasing to a guy that just filed bankruptcy – as long as I think he has the ability to pay his rent?
How much would an attorney cost me to ask him/her this question?
I really want to rent my house – I’m willing to take some risk, but I don’t wan’t to be stupid.

Technorati Tags: bankruptcy, lease agreement, leasing, risk

A friend of mine who drew K in credit card debt is debating on filing bankruptcy. He is fully able to repay his debts to his creditors, and fear that he may be putting his future at risk. As many people know bankruptcy and going through with it takes a lot of careful thinking. My buddy is hardheaded and thinks the bankruptcy courts will be open to discharge 100% of everything. Not a bad idea if he owed 0K and in over his head…K is workable in my book since he has no real living expenses. Any ideas?

Technorati Tags: bad idea, bankruptcy courts, credit card debt, creditors, debts, fear, filing bankruptcy, living expenses, risk

With the situation that is growing among financial institutions, how can one find out if our bank is going to be the next one to go bankrupt? What is a good website to rate the health of individual financial institutions? I’m very concerned not just of the saving and checking aspect of the banks (FDIC insured aspects) but also of the loan, investment and retirement aspects (2 of which may not be insured by any program).

It’s a huge hassle for most people to switch bank accounts especially when you have very diversified portfolios but if you can save yourself much heartache by knowing if your money MAY be at risk then everyone should have access to these tools/website.

Technorati Tags: bank accounts, banks, diversified portfolios, fdic, financial institutions, hassle, health, loan investment, money, retirement, risk

My mom is in risk of losing her home due to credit cards raising interest rates and their not being able to keep up with payments. Her wages are going to be garnished and is worried about not being able to make mortgage payments. She refinanced once. Can she file bankruptcy if she refinanced?

Technorati Tags: bankruptcy, credit cards, interest rates, mom, mortgage payments, risk, wages

Filing chapter 7 – going to need a car for a new job. Anyone have any experience? I’ve heard that some lenders see you as a good risk since:
1) You don’t have any other debts to pay
2) You can’t discharge your debt to them for 10 years by which time they would milk it out of you…

Anyone know?
Thanks!

Technorati Tags: 10 years, debts, filing chapter 7, lenders, new job, risk