I had a repossession in May 2011, I currently have an outstanding balance of $6100 to the bank. I am trying to repair my credit and I contacted the collection agency to request a settlement of $3000 which was accepted with it being reported as a 'paid in full' status. Once I have paid the $3000 will the bank or the CA down the road try to come back for the remaining balance or will I be free and clear?
They never tried to collect until now 6 years later. The interest I'd twice the amour of bill can that do this. The garnish is 25% I'm a single mom and very little income.
I live in New York. I have Payday loans. Its getting to be too much and I have already paid way more than the actual loan with all these finance fees. I am thinking about closing down my bank account and opening a new one. I know that pdl's are illegal in New York but these were done over the internet and not a storefront. Can I get into serious trouble for closing my bank account? I would send these companies letters that i found on this site. I am just nervous with how much legal trouble i will be in for closing the account. Any advice would be great! Thanks!
Hi I have gotten a few loans from these groups (basically I pay it off and have to take another shortly after? Do these lenders have a license in pa? I have paid over interest of what I still owe on payday max if you add my 3 loans this year from them. And fleet marketing I have 1000 still open but have paid 940 in interest this year. Are they legal? It was online. Need advice.
I have 2 charge-off accounts on my credit history. But each one of them has got reported several times: first by the original creditor, and by the collection agencies. I'm confused. Who should I send PFD letter to- the collection agency or the original creditor?
Usually, the debt collectors have to validate the debt within 5 days of initial communication. What happens if the debt collection agency doesn’t validate the debt? What step should be taken in such a situation?
I would like to negotiate to repay a pdl. I borrowed $1800 and so far have paid them over $1400 and they are saying I owe them $2278. Shouldn’t the principal have decreased after having paid them that much?
first off thanks for all the advice in these forums. I have been reading for days.. overwhelming abundance of info.
I can't seem to get any credit anywhere, even Capitol One turned me down for a secured card.
My credit report is as follows:
Scores: Trans 543, Exp 559 Equi 597
Total Accounts 5/8/8
Open Accts 5/0/1
closed accts 0/8/7
derogatory 4/8/7
balances 778/868/1213
payments 13/0/13
all of my bad accounts are medical.
I have paid and paid and paid, but still owe several hundred dollars to 2 different PDL companies. I live in NC. They are established outside of NC. I stopped the payments and am not getting threatening emails and calls. What can I do?
I have been avoiding calls from a debt collection agency. I can’t pay off the debt. What will I possibly say to the collection agency? Now the CA has called my mother and told her everything. My mother is panicking after hearing everything. Can the CA do this? I am very upset.