Archive for December, 2009

Written by on December 30th, 2009
catchthissound asked: Mijn echtgenoot en ik werd onlangs verteld door een lenend bedrijf dat als wij elk van onze schulden op betalingsplannen, zetten en een creditcard ertoe brachten om ons krediet te beginnen, zij een lening zouden geven. Zou het gemakkelijk elk van onze schulden moeten consolideren, welke don' t ...
Written by on December 30th, 2009
MeGaStar asked: Related posts:Is there a website or service that offers a debt stimulus package for credit card debt? Jeff asked: We? been much talk in the news...
Written by on December 30th, 2009
catchthissound asked: Related posts:Ok… So I got a credit card in 2007 from Wells Fargo. It is unsecured and the amount was for a $6,000 limit. My Husband and I purchased a 22′ long trailer and Xmas gifts that year. Financially, we hit hard times and I never paid a single ...
Written by on December 29th, 2009
Robyn asked: Related posts:Ok, so I have about $20k in credit card debt. I have been faithfully paying down the balances for over a year and have not been late on any card once, nor have I used the cards. Several of these cards have resulted in decisions that have ...
Written by on December 29th, 2009
srs5225 asked: I owe the IRS about $13000. I have been paying on it for quite some time. The original debt was much larger. I bought a house this year, so my expected tax rebate is about $10000. I would like to try to settle my ...
Written by on December 29th, 2009
Happy asked: Related posts:Math Problem: how do I solve for TIME in a question like this? Christina asked: James Taylor has $1500 in credit card...I need assistance with a financial debt calculation, this is beyond my math skills LOL? fyrechick asked: We are looking to become debt free....
Written by on December 29th, 2009
Falafel & Loofah Aficionado asked: Related BlogsRelated Blogs on DemocratsRelated Blogs on GraphRelated Blogs on National DebtSquall Lines » Blog Archive » The national debt as astronomical ... Related posts:Which are you more concerned about: national debt or taxes? Falafel & Loofah Aficionado asked: I personally don’t care all...Please stay non-partisan…It ...
Written by on December 29th, 2009
shygirl asked: Related posts:Council tax………………………… i owe council tax arrears am unemployed having lost job due to company closing down. i have been actively seeking work since new year but no luck. council bailiffs took my car 2 weeks ago as i couldnt raise funds to release it and pay a lumpsum ...
Written by on December 29th, 2009
srs5225 asked: Related posts:Can I settle my tax debt through some sort of program? srs5225 asked: I owe the IRS about $13000. I have...My partner and I have credit card debts and personal loan debts of around $40,000… We would like to consolidate these debts into one sinple pay option. ...

Ok… So I got a credit card in 2007 from Wells Fargo. It is unsecured and the amount was for a $6,000 limit. My Husband and I purchased a 22′ long trailer and Xmas gifts that year. Financially, we hit hard times and I never paid a single payment on it. So, it went over limit up to like $7,000+. After we got back on our feet, I contacted the bank right before it went into collections and made an agreement for them to automtically draft $140.00 out of my account per month. At this rate, we now owe like $5,000 on the debt. The “credit card” aspect is gone, so it is just debt. We will have it paid off in like 3 years. It is showing up on my credit report as in collections. They said that they will accept a lesser amount. Any Suggestions? Please help. I know nothing about credit and what looks good/bad on credit reports, but I know that it being in collections is BAD. They said it’ll say “collections” until it is paid off completely- that’s 3 years. I know that after 7 years, if I paid nothing, I’d be $5,000 richer and it would disappear off my credit. Due to the fact that we also have 2 personal loans, one for my car and the other for our (HUD) house that we took out in 2006 with Wells Fargo, I wonder if I call and offer them like 1/3 or even 1/4 of the debt, if they’d accept if I threatened that I’d file bankruptcy and they’d get nothing for all 3 loans. The other two were $10,000 and we still owe $7,000 and the other was a $15,000 and we owe like $11,000. The 2 were both 5 year notes. Please help. I know it’s alot to take in. We are financially set now and I DO want to pay off debt, but I want to do it so that it makes my credit look better as well. Thanks in advance :) I am not really going to file Bankruptcy. I was told that mentioning Bankruptcy increases your chances of them coming down on the amount they will accept. I just called and they said I owed $7,055.97 and now it is down to $4,955.97. She said that if I pay it all office it will say Charge-off, paid in full, zero balance. The settlement amount offered right now is $3,469.17 but I would have to pay the IRS unearned income tax on anything over $600.00. Right now, the debt is simply debt. There is no interest being added AT ALL. So I am tempted to keep paying $140.00 per month. But, if there is a lesser and shorter way out. I am all Ears :) ALSO, If I do decide to settle, does the 7 years start from today or does it start from the date it was “charged off” which was 1 year ago?

Written by on December 28th, 2009
Whitney asked: Related BlogsRelated Blogs on Credit ReportsClean Credit Report – Easily Raise Your Credit Score 100 Points ...Self Credit Repair – How You Can Fix Your Credit Report | Welcome ...Car Insurance | Auto Insurance And Credit Report Question ...Self Credit Repair – Repair Your Credit In 4 Easy ...
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