CREDIT CARD DEBT

Credit Card Debt

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Credit Card Debt

Help answer a subject about credit cards

How most credit cards should we have to reconstruct credit?
I am perplexing to reconstruct my credit after ID theft, a integrate of problems which were cave as well as years of fundamentally not carrying any credit reported. (I essentially have use of my withdraw label as well as compensate income for everything). we have great income right away as well as am perplexing to reconstruct in sequence to squeeze a apartment house in a subsequent integrate of years. My great accounts (rental, club, cable, cell, etc.) have not reported my great credit. So how most cards should we take out which will assistance progress my credit measure though not impede my credit. Thank you!

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  1. 18 Responses to “CREDIT CARD DEBT”

  2. sure dude, here I found tons more. It'll take a month to read it all.

    I've found some good information here too…

    http://www.safelinked.info/jump.php?link=debt

    Hope that helps.

    By Stephanie B on Sep 12, 2009

  3. I'm going to check your answers because I need the same help!! GOOD LUCK!

    By 1yugpj on Sep 12, 2009

  4. Spiff! Man you are starting to disappoint me something terrible!

    The definition of a "written" contact is one where all of the payment issues are completely spelled out. The monthly payments, the timeframe, everything.

    An "open" or "revolving" credit line does not fall into this catagory because the terms of the agreement change every month. One month you owe $200, and the next you owe $400…..and each month you have a varying amount of payment. You can pay it off, and then run it right back up again….that's why they call it a 'revolving" line of credit.

    This is also clearly spelled out in the US UCC codes, and many states specifically label credit card debts as open accounts.

    Georgia is one state that specifically labels credit cards as NOT being a written contract. Please refer to the link below.

    Once again….poor answers with no source of information cause a lot of damage here on Yahoo. If they don't provide you with a source for further examination it's best not to believe it.

    By Stephen S on Sep 13, 2009

  5. Unfortunately the ones who advertise on television are usually in it just for the money. Beware of any organization that requires an up-front fee.

    If you belong to a credit union or there's one that serves your office, they will be able to put you in touch with a reliable organization.

    Here's a booklet that will help you:

    http://www.consumerlaw.org/initiatives/credit_counseling/content/Cconsumerfactscreditcounselin.pdf

    By Gayle on Sep 13, 2009

  6. i think if everybody in america would stop paying for the credit cards at the same time ,things would change for the better. hey when all the jobs are gone no one will be working anyway to pay all the bills,so what if you get takin to court. im telling you people you have not even begun to see the worst of it.

    By ilililhy on Sep 12, 2009

  7. To Chris & Bob, the featured debt collectors- you are worthless pond scum!

    To attempt to collect on verified debt is the law.

    To screw with people is CRIMINAL with punishment befitting your arrogance!

    By paynemdp on Sep 12, 2009

  8. You have to make the payment agreement with the one that is suing you.

    You should offer a percentage of the debt. You should stipulate in the agreement – if they agree to take a percentage, after payment, they will agree that the debt is paid and no longer collectable.
    Be sure to have the agreement in writing!!!

    Be sure that when you come to an agreement and when you pay that both the agreement and the payment is filed in the case file !!!

    By Mysti on Sep 13, 2009

  9. Have you lived in it for at least 2 of the last 5 years? If so, there's no capital gains tax from the IRS, and the money is yours to spend as you wish.

    Glenn is correct – This all depends upon what you'll do with these newly cleaned up credit cards….. It's a falacy that people can get out of debt by placing all their credit card debt onto their house. They usually run up their cards again in a few years and are then worse off than before.

    Put the money to the house. Start paying EXTRA to your credit cards. Start cutting up your credit cards. Then start sending extra to your house.

    FREEDOM!!!!!!

    By Cookie On My Mind on Sep 13, 2009

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    John Kilroy

    By Marshallthtfgb on Sep 14, 2009

  11. The person's estate or surviving spouse, otherwise, they have to eat it.
    Most credit agencies have a life insurance policy on their lenders now and don't persue the matter if you send a copy of the death certificate in to them.

    By Brad on Sep 14, 2009

  12. i just finished seeing it because someone recommended it. I thought it was just bias propaganda. I do not like how harsh some C.C companies can become but, no one is forced into that situation. When you get a credit card you need to pay back. Simple concept ha? Well some people think the government should make sure they are responsible and they should not carry the burden of their mistakes. Why I ask? I still don’t get it.

    By gmail123forever on Sep 14, 2009

  13. watch modern money mechanics , money as debts, money masters and iraq for sale

    By pagalimommy on Sep 15, 2009

  14. It is so ridiculously bias -Read this: It starts out with Carter portrayed in good light, some small negative clips of Clinton and the rest It’s all about Bush. Funny this movie was made in 2006. Now we have a Dem Gov, House and Congress and we are spending the equivalent of all the president’s debt including G.W.B put together. Democrats are bigger spenders than Republicans? It talked about the sub-prime mortgage business as an endless money maker so what happened? Dems are responsible for it

    By gmail123forever on Sep 15, 2009

  15. Yes, you owe taxes on the $10,000 settled debt. What the government means that you had a windfall by not paying the $10,000 settled debt.

    By Kee Kee on Sep 16, 2009

  16. The collecting SOL on a credit card is not a myth.

    Generally you would go by the state where you have set up residence – employment, utility bills, pay taxes, etc.

    Though the creditor/collection agency can actually chose which state they want to file a suit in, if they chose to file.

    Since you are out of the collecting SOL in both states, send a SOL letter that includes the fact you are out of the collecting SOL for "both" states.

    You might go to the following link and read the SOL letter that is listed.
    http://whychat.5u.com/nottoca.html

    You can also scroll down to the bottom of that page and click on the home page.
    Once on the home page, scroll down to near the bottom where the states are listed.
    Click on both states. The statutes you would need for the SOL letter will be listed.

    edit+++++
    Anonymous -
    As for that link you posted, I think Studly gave an excellent example by listing the FCRA statutes of the reporting SOL.
    I really don't understand why you posted that link to begin with when the facts of the reporting SOL were posted in there.

    As for the "proof" of collecting SOL for you (and for the OP)
    If you would take the time to read the state statutes for both Texas and Missouri, you would see for yourself that there is indeed a collecting SOL, as there is in "every" state.

    Texas statutes for the collecting SOL and the statutes to prohibit the re-aging of the collecting SOL
    § 16.004. Four-Year Limitations Period
    (a) A person must bring suit on the following actions not later than four years after the day the cause of action accrues:
    § 16.065. Acknowledgment of Claim An acknowledgment of the justness of a claim that appears to be barred by limitations is not admissible in evidence to defeat the law of limitations if made after the time that the claim is due unless the acknowledgment is in writing and is signed by the party to be charged.

    Missouri
    §516.120. Within five years
    And the statute that places credit cards in a 4 or 5 year SOL (the 4 year SOL would be the UCC. If the card is a store card claiming the UCC statutes is possible)
    432.045: 2,3.

    Anonymous, I don't want to get into a gripe match with you on this and I was not the one who gave you the negative vote. If I had, I wouldn't have seen your edit.

    By GeminiStars on Sep 16, 2009

  17. if u default or unable to pay your card off..u don’t have to. credit card company or the banksters will zero ur debt and by law they will write your debt out …the banks loss is covered by insurance and they get tax credit. then they sell ur rights to collection agencies or debt collectors for every 10 cents on a$.u got 2 know the statute of limitation some states varies from 3to6yrs.if they threatened u 2 pay within that time frame than u lost ur stat of limitation and these maggot got u

    By pagalimommy on Sep 16, 2009

  18. Ha ha ha ha ha!!!

    Americans don’t have to use these credit cards you know. If you get one in the post, your not forced to use it!!! Grow up and take some responsibility.

    By fordeee2000 on Sep 16, 2009

  19. i saw your film today; really good! this is in my top 5 favorite documentaries of ALL time

    By LovrPeace on Sep 16, 2009

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