Got Bad Credit?? Need It Fixed??

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 5 years ago '10        #441
rek0nize 66 heat pts66
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 gangtsa said:
A lil confusd here but what do you mean by "falls off". You said something to the effect of not paying is a better option and that either sue or it falls off?

Right now i have a 1000 debt that unfortunately went to collections. Im just not making enough money to make the payments that this collection agency wants. They call everyday asking for an 800 payment or RBC will take it to court.

By "falls off" I mean your negative credit will fall off your credit report after 7 years and good credit falls off after 10 years.


So lets say you owe 1,000 to a 4.5 year old debt. You can just wait 2.5 years and it will come off your credit report. Some people will pay these debts after those 4.5 years and its STILL a negative on your credit report even though its still paid and on top of that, it will start the 7 years back over because you paid it.


They will always threaten court. How old is your 1,000 debt that went to collection?
 5 years ago '10        #442
rek0nize 66 heat pts66
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 whouthinkitis said:
My credit isn't necessarily bad but I still have a debt that I owe on that I've been trying to pay since 2009. When I tried to make arrangements to pay it I called to collector that I thought still had the account but they claimed they didn't have it anymore. When I asked them for contact information so I could make the arrangements that told me they didn't have any.

Now a yr & half goes by and I didn't receive any letters about this (but I knew that I still owe) then I get a letter from another company but I told them I was getting ready to move. Last year I moved and before I could even get settled in they start calling me again. I told them I would have it by the fall but I had some other issues that came up.

Another company started sending me letters about the same debt at the end of last year but I ain't called them yet b/c now I'm a have to move pretty soon and I just ain't have the money yet so I can call to see if I can make a one-time settlement. I just don't want to end up going to court and I want to make arrangements ASAP but my money is all tied up right now. I really don't know what to do.
How old is the debt. Sounds like you may be close to being passed the Statue Of Limitations and you wont be able to be sued.
 5 years ago '10        #443
rek0nize 66 heat pts66
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 gangtsa said:
About half a year now...the debt got to 1000 around 2 months ago and sent to collections at the end of april.
So, its still pretty new then.

If you want to pay it instead of waiting 7 years and not paying it you can offer them a "Pay-For-Delete" which you agree to pay in full in return for deleting it off your credit report.

They could sue you between now and up until your states Statue Of Limitations kicks in, but I doubt it for 1,000 bucks, but you never know either. If you get sued by them at that moment you can just call them up and start making payments to avoid all that.
 5 years ago '11        #444
whouthinkitis 17 heat pts17
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 rek0nize said:
How old is the debt. Sounds like you may be close to being passed the Statue Of Limitations and you wont be able to be sued.
I know in my state the statue of limitation is 6 yrs on credit card debt. I opened the account in late '04-early 05 but they didn't put the sh*t into collections until '08. What I want to know is creditors wait that long to put it in collections? I just want to settle the account before the yr is over with.

What pisses me off about this is that 3 yrs ago I tried to make arrangements to finally settle the account and I think the creditor was trying to be an as*hole instead of giving me the info I need of the other people so I could settle the account.
 5 years ago '10        #445
rek0nize 66 heat pts66
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 whouthinkitis said:
I know in my state the statue of limitation is 6 yrs on credit card debt. I opened the account in late '04-early 05 but they didn't put the sh*t into collections until '08. What I want to know is creditors wait that long to put it in collections? I just want to settle the account before the yr is over with.

What pisses me off about this is that 3 yrs ago I tried to make arrangements to finally settle the account and I think the creditor was trying to be an as*hole instead of giving me the info I need of the other people so I could settle the account.

Well the good thing is, the 7 years and your states 6 year Statue Of Limitations start from the moment you're delinquent on your account with no payment. Which would either be 90 or 180 days. You can report that as Obsolete to the 3 major credit bureaus and get that off if not right now, VERY soon.

When they sell off your account to collection agencies they still have to go by all the original dates of debt and everything that happened before they purchased it. Statue Of Limitations don't start over at that point.

Just remember either 90 or 180 days of no payment = Delinquency. That is the exact moment your Statue Of Limitations will start and your 7 year fall off date.
 5 years ago '07        #446
stargod 
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Great thread thanks for all the info rekonize
 5 years ago '07        #447
stargod 
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 antweaks said:


706-623-0580 x7011

No1 onlinje credit management in the country, Point deduction technology, score simulator, easy online access 24/7, credit specialist a.ssingned to your account.

went from 550 to 740 in 6 mos
Did u have much debt?for 6mos that's around $600.

I was thinking to sign just to see if I can get the same results but I don't have much debt
 5 years ago '10        #448
Mindfulness 797 heat pts797
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at this thread
 5 years ago '09        #449
tymaxwell 
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 Shizz said:
OK the FirsT Rule i Learned is "Dispute EVERYTHING NEGEITIVE"
65% of the time the Creditors will not be able to keep up with your stuff and it will drop off in 30 days after they receive notice.. Law goverened

Here are some Pre-Written Letters
















* I DIDN't Write these but you can use them as template just fill in the correct information and/or adjust it to fit your situtation

none of the lins working my friend.. can you repost them?
 5 years ago '04        #450
bigmike123456 2 heat pts
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for inquirys if i send a letter request for documentation is there a chance they will take it off even if its valid.
 5 years ago '10        #451
rek0nize 66 heat pts66
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 bigmike123456 said:
for inquirys if i send a letter request for documentation is there a chance they will take it off even if its valid.
Yes, happens all the time.

If they cant provide the original documentation or do it in the the given time frame, it can come off.

Your debt can be sold over and over between people and over time they don't even have the proper documentation anymore.


It's worth doing a lot of times even if you KNOW it's a valid debt. Make them prove it.
 5 years ago '04        #452
bigmike123456 2 heat pts
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do any of the credit repair companys help ? or are the all a waste of time
 5 years ago '06        #453
Manny05 1 heat pts
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So my credit is hovering around 700 and last month I missed a payment on my credit card.
I fu*ked up because the due date was on a Sunday but for some reason in my head I was like well its a Sunday so it won't get collected until Monday so I made the payment Monday not realizing that it would count as a late payment. So i called my credit card company (household bank). And they waived the late payment fee since I been a customer for over 2 years and have never missed a payment. Now I am wondering if there's someone I can call to make sure it doesn't show up on my record so it doesn't hurt my credit....

Or am I all set?

Edit: i called them again and told me I have nothing to worry about its not even gonna go on my credit report


Last edited by Manny05; 11-03-2012 at 10:16 AM..
 5 years ago '04        #454
Shizz|M  OP
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 Manny05 said:
So my credit is hovering around 700 and last month I missed a payment on my credit card.
I fu*ked up because the due date was on a Sunday but for some reason in my head I was like well its a Sunday so it won't get collected until Monday so I made the payment Monday not realizing that it would count as a late payment. So i called my credit card company (household bank). And they waived the late payment fee since I been a customer for over 2 years and have never missed a payment. Now I am wondering if there's someone I can call to make sure it doesn't show up on my record so it doesn't hurt my credit....

Or am I all set?

Edit: i called them again and told me I have nothing to worry about its not even gonna go on my credit report
It take about a week for them to put it through and for it process as a late payment.. most payments will not go in late unless it 30 days past due anyway.
 5 years ago '04        #455
BlueGray 
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Is there anything you can do if a collection agency takes the debt you owe to court and they plan to start garnishing your wages??
 5 years ago '10        #456
rek0nize 66 heat pts66
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 BlueGray said:
Is there anything you can do if a collection agency takes the debt you owe to court and they plan to start garnishing your wages??
Call them and work out a payment plan before it goes all the way to the court.

How old is the debt you owe?? If its passed your states statue of limitations they won't win in court.
 5 years ago '04        #457
BlueGray 
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Some of it's already went to court. So I'm a.ssuming there's nothing I can do about that, correct?

Also, like 4 years ago I signed up for a Best Buy credit card and purchased a laptop for a friend with that card because he said he would pay me back. At that time, he was the reason why I had the great paying job that I had and he had the same exact job too so I knew he would have the money to pay me back.

Long story short, I moved back to my original home state and he ended up going to prison and this card was never paid off. When he got out of prison, I was receiving non-stop calls from a collector that they finally called me one time while he was around me and I told them the story and gave him the phone and listened in while he explained to them how he would take over the debt in his name and to take it off my name and not bother me anymore about it. I never received another phone call or letter or anything from them again until earlier this year when I got a court letter saying I was being sued by them. I went to the courthouse and wrote a letter explaining the situation (because I guess that's the process you have to do if you want to dispute the case). Didn't hear another thing from it again until like 2 weeks ago saying basically that my claim has no substantial premise to their ruling and that I now owe basically twice as much as the laptop was originally worth with the interest that has accrued with it.

Is there anything I could do now about this or am I fu*ked because I was stupid and trusted a piece of sh*t friend when I shouldn't have?
 5 years ago '07        #458
DaForce13 27 heat pts27
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 tymaxwell said:
none of the lins working my friend.. can you repost them?
word... this needs to get reported ASAP
 12-01-2012, 09:47 AM         #459
HULK2184 
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I started a debt relief program about 2 years ago and I had 3 CC that i was not able to pay. So i did the sh+tty program and i have paid all the collectors off. Now about 6 months ago i check my credit report and had bad marks. So i disputed them and now they say
Date ---------- 5/16/2012 ---------- 10/16/2012
Condition:-----------Derogatory---------- Paid
Balance:------------$8,034 ------------ $0 (-$8,034)
Type: ---------- Credit Card ---------- Credit Card
Pay Status:---------Collection/Chargeoff---------- Current
Past Due: ----------$8,034 ------------ $0


AND AT THE BOTTOM SAYS

Remarks: (BEFOR)Charged off as bad debt Canceled by credit grantor
(NOW IT SAYS)Settled - less than full
balance

Any thoughts on this? Is this still bad even no it says PAID and $0 balance? And what about the Remarks? What should i do now? im stuck. my other two accounts look about the same besides one remark has "Purchased by another lender". Plz help me with your inputs

THANKS PROPS


Last edited by HULK2184; 12-01-2012 at 09:52 AM..
 12-15-2012, 09:15 PM         #460
THNKS 
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 smurfdoran said:
Business Credit
Athlete Credit
Off-shore Banking
Personal Credit

Manage Correct and improve Credit







to inquire contact Alicia Clark

at
GTFO!!!

anyway...propz to shizz for starting the thread...propz to rekonize for continuing it...and everyone in between for their input...classic thread!!!
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