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Financial planning for individuals and families including budgeting, credit management and investing
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How do you answer 'Why do you want to work here' in a job interview?
Answering "Why do you want to work at this company?" You have to ask yourself that prior to the interview. Investigate the...
Popularity: 1187 • Tools: Recategorize
Is a judgement against you through the court more damaging to your report than a collection?
Yes, it is.
Popularity: 192 • Tools: Recategorize
Where would you get a 'fill-in-the-blank' form to give to your creditors so they can send reports to the CRAs?
The forms you need are forms that i have or you can get them on each credit bureau's website. the thing about it you would have...
Popularity: 188 • Tools: Recategorize
If an account was charged off can they report a late payment a year later?
NO! When reporting accounts the creditor/collections company, by law, must report it from the date of last activity. If no...
Popularity: 168 • Tools: Recategorize
Will a person be notified before his wages are garnished or his bank accounts are frozen?
In order for anyone to get a judgment against you the proper procedures would have to be followed. If however, like some do (and...
Popularity: 168 • Tools: Recategorize
When an original creditor sells a charged off account to another company does this start the 7 year clock ticking all over again?
No. When an original creditor sells a charged off accounts to another company. I asked the Credit bureau to investgate....
Popularity: 167 • Tools: Recategorize
Can a collection agency put a lien on your car or home when you returned the rental property over 3 years ago?
A collection agency doesn't have the power to do anything other that aggravate you. They can with the agreement of the original...
Popularity: 166 • Tools: Recategorize
Can agencies revise resettlement payments after you've already finished paying off on a verbally agreed sum?
Verbally is NEVER a good idea. Hopefully you have written proof. If so, you can alway submit it to the Credit Bureau. At the very...
Popularity: 160 • Tools: Recategorize
Can a collection agency add monthly interest on an unpaid balance?
Absolutely. And they will, along with other penalties such as late fees. Answer : I had a collection account with a 'posted'...
Popularity: 158 • Tools: Recategorize
What are some good plans that could be considered when you repay debts for your business?
I don't understand what you are asking.. What do you mean?
Popularity: 154 • Tools: Recategorize
What would happen if your bank reports you to the collection agency for being overdrawn by 2800 dollars for 45 days?
The collection agency will attempt to collect the debt through phone calls to you, letters requesting payment, and possibly...
Popularity: 146 • Tools: Recategorize
What should you do if your ex-wife uses your Social Security Number without your consent and it results in a judgment being entered against you?
I agree with the answer below but would like to add my 2cents. If you two were still married but not living together and she had...
Popularity: 141 • Tools: Recategorize
Can someone refuse payments made by monthly checks by allowing the checks to void out after 90 days and then claim you still owe them the payments in a lump sum?
That is a highly unusual tactic. Unless you were notified in advance that they would only accept a lump sum payment. You need...
Popularity: 141 • Tools: Recategorize
Can your account be sent to a collection agency if you have been sending less than minimum due each month?
Not that I know of, but you're probably causing more harm to your credit than good. If you are sending them less than the amount...
Popularity: 136 • Tools: Recategorize
How long should you withhold a payment if you are disputing a charge on your account and the dispute is not settled?
You should continue to make min. payments on your account. If you don't, it will effect your credit rating and it is much harder...
Popularity: 135 • Tools: Recategorize
How long does a creditor have to collect after a car has been repossessed?
You will need to find out what the SOL is in your state. Most are six years. SOL's are regulated by the state you reside in.
Popularity: 135 • Tools: Recategorize
Is it possible to a place lien on someone's home with their consent as collateral for a personal loan?
Yes. It is a relative simple and inexpensive legal process that can be done without an attorney.
Popularity: 124 • Tools: Recategorize
If someone is ill and has had lots of medical treatment and has no insurance when that person dies who is legally responsible for the bills?
A parent of a minor child is responsible for the child's medical bills. In many states, a spouse is responsible for the other...
Popularity: 122 • Tools: Recategorize
Can a collection agency refuse to accept rolled coins as part of a payment?
Yes. Oddly-enough, there is NO U.S. Federal law that mandates a person, organization or merchant (which would include a...
Popularity: 99 • Tools: Recategorize
If a company is no longer operating what will happen if you dispute a charge off that is with a collection agency?
Whether the company is opertaing or not, does not make any difference. Proof of your account is still there.
Popularity: 93 • Tools: Recategorize
Can the debtor drop the interest on a judgement or does it have to be paid?
You can negotiate with them, however the decision is theirs and you should get it in writing if they agree to drop it. Do not...
Popularity: 93 • Tools: Recategorize
If you have already made an agreement with collection agency can you later renegotiate a lower payment amount due to income changes?
You can try, however if they agree then this will change the date on your credit report. Meaning: It will stay on your credit...
Popularity: 90 • Tools: Recategorize
Can a 14-year-old be taken to collections for a set of books delivered to him after purchasing one book?
No! 14 year olds, are not able to enter into any sort of contractual agreement, for anything. If you misrepresented yourself by...
Popularity: 90 • Tools: Recategorize
Can a collection agency sue you for charge offs?
Sadly, yes they can. What happens is the original creditor will sell your debt to a collector for a fraction ot the cost, then...
Popularity: 89 • Tools: Recategorize
Is a judgement enforceable across state lines?
Absolutely! If by your query you mean can a creditor in Delaware sue and get a judgment from someone in Alabama. If you mean...
Popularity: 86 • Tools: Recategorize
How do you find out where to send collection payments?
By ordering the Suze Orman Fico Kit. You can find it at: MYFICO.com
Popularity: 86 • Tools: Recategorize
How do you get off the Chex System?
Answers: There is no guarantee for removal but since chexsystems is a CRA, everyone has the right to dispute their report with...
Popularity: 84 • Tools: Recategorize
What are your rights against bill collector callers who do not identify themselves hang up and threaten to sue?
Collection agencies are governed by federal and state laws. Debtors are given protection under the Federal FDCPA. A collection...
Popularity: 82 • Tools: Recategorize
Where or how can you find a private lender willing to lend to individuals?
Popularity: 82 • Tools: Recategorize • Needs Answer
Is there a program available online that will compute monthly finance charges based on average daily balance?
You would need to do a very specific search. I have never heard of one, no.
Popularity: 81 • Tools: Recategorize
If you want to send a letter to a collection agency asking them to stop calling you at home and work how do you get their mailing address?
The easiest way to do it is to get a copy of your cedit report. all creditors (and collection agencies) that you carry an...
Popularity: 79 • Tools: Recategorize
What is the statute of limitations on having to pay a hospital bill in Arizona?
In Arizona, hospital charges are generally considered closed end contracts. The SoL would be six years from time of default.
Popularity: 79 • Tools: Recategorize
How can you earn quick money?
Chores. Mow the lawn. Ask neighbors if they need any help. Sell stuff. Get a job. look for a want ads in the paper or look for...
Popularity: 79 • Tools: Recategorize
What is the difference between a Public Record Judgement and a Public Record Collection?
The judgment part indicates that the creditor has won the lawsuit and been awarded a judgment. The collection may indicate that...
Popularity: 77 • Tools: Recategorize
Can you be billed for your medical bills if you were on a parent's insurance?
Being billed for medical services has nothing to do with insurance coverage, your parents or your own. Whether it is legal and...
Popularity: 71 • Tools: Recategorize
What is a levy?
A levy in financial terms, is one way in which a writ of judgment can be enforced to collect a debt. Sometimes wage garnishment...
Popularity: 70 • Tools: Recategorize
Is it possible to add a co-borrower or co-signer when refinancing a mortgage loan?
Yes. Refinance is a new loan. It is super simple to add a co-borrower on a refi.
Popularity: 70 • Tools: Recategorize
What is a beacon score?
BEACON is the trademarked name of a scoring software program. It uses the information displayed in an Equifax credit file. ...
Popularity: 68 • Tools: Recategorize
Can a property owner lock up a business renter's belongings if the renter is behind on the rent?
only after eviction notice served
Popularity: 68 • Tools: Recategorize
How can you realistically become a multimillionaire almost instantaneously without buying a lottery ticket?
Inheritance Sell something that is worth multimillions Move to another country with a bad exchange rate. Zimbabwe has just...
Popularity: 66 • Tools: Recategorize
Why is it called 'Standing Instruction'?
Standing instruction has element of permanance in it. It remains in force for all time to come till repealed. A Standing...
Popularity: 65 • Tools: Recategorize
What is the difference between a lien and a judgment?
A judgment for the most part, is a monetary award. It can be collected in various ways, garnishment of wages and/or bank...
Popularity: 64 • Tools: Recategorize
Can past creditors call and harass you about an account that's been charged off for nearly ten years?
Not knowing what type of account you are referring to, it is difficult to say. If it is a judgment, that would depend on what...
Popularity: 64 • Tools: Recategorize
Can a creditor sue you for a doctor bill if you weren't the policy holder on the insurance?
Yes. If you were the person who received the services and signed for them, you are responsible for the debt. Unless you are a...
Popularity: 64 • Tools: Recategorize
Can creditors in the state of South Carolina garnish your wages or take your house?
S.C. does not have a code that directly forbids garnishment of wages. However, the law is applied in such a way that it makes...
Popularity: 64 • Tools: Recategorize
How can you compare the cost of living between two cities?
"Use the bankrate.com calculator to compare the cost of living between U.S. cities. Select the city you're in and the city you're...
Popularity: 63 • Tools: Recategorize
Does telephone service get reported as a utility bill and does it roll off in seven years?
The credit bureaus do not care about utilities. I have never known a utility bill to appear on a credit report from the big...
Popularity: 62 • Tools: Recategorize
If you have had a foreclosure can you purchase other property later?
Yes you can purchase property. The problem is finding another lender willing to give you a loan that is affordable.
Popularity: 62 • Tools: Recategorize
What is the best way to negotiate a 'settled but satisfied' collection account that cannot be paid off in full?
Definately in writing. Get a written confirmation of the accepted amount from the creditor before handing over the settlement....
Popularity: 62 • Tools: Recategorize
Can an authorized user of a credit card obtain any private information on the primary user such as Social Security number or loan balances?
No .
Popularity: 61 • Tools: Recategorize
Is it true that paying a collection account resulting in a 'paid collection' entry will lower your score 5 points?
If you are paying off an old collection, yes, this will lower your FICO score, and possibly by much more than 5 points, depening...
Popularity: 60 • Tools: Recategorize
Why is it important to examine management from different perspectives?
Any management activity needs a situational approach. This is because of the fact that different managers react differently to...
Popularity: 60 • Tools: Recategorize
Is it true that in some minor cases collection agencies will sometimes remove a collection from your record?
No. If it is a valid debt it will only be removed if paid in full or the SOL expires. Credit reporting is a totatlly voluntary...
Popularity: 59 • Tools: Recategorize
Can you sue an out-of-state collection agency for harassment?
I do not know if you can sue them. But I also am being harrassed by a collection agency in florida called OSI/Gulf State. I...
Popularity: 58 • Tools: Recategorize
What is the Statute of Limitations on a government issued student loan from 1989?
Quoting from a footnote to the Fair Credit Reporting Act...(located in Subsection 605, regarding statute of limitations) "The...
Popularity: 58 • Tools: Recategorize
Can you get your money back if you purchased an item on Overstock.com and they didn't deliver?
It's possible, but if you can prove you didn't receive the item the first step would be to have it sent again. You have to give...
Popularity: 58 • Tools: Recategorize
What date determines how long charge off and collection accounts will stay on your CR?
The date that begins the reporting period for derogatory information is the "date of last activity". For accounts that...
Popularity: 57 • Tools: Recategorize
How can you remove a medical collection that is no longer listed with the collection agency but has been returned to the original creditor?
I assume this means removing it from the CR. In which case you can't. It may eventually be updated to show the original creditor...
Popularity: 57 • Tools: Recategorize
What is Austrian Economics?
http://www.google.com/search?hl=en&q=define%3A+Austrian+Economics
Popularity: 57 • Tools: Recategorize
How can leverage be used to increase a firm's profitability?
Leverage utilizes other people's money in the form of loans, to make the firm's existing money do more. Say a firm (or an...
Popularity: 57 • Tools: Recategorize
Can you be denied to leave your previous home country at the airport if debts are not paid off in this country?
it won't happen if the country you owe money to is the U.S.A. Other countries have different laws and could do something wierd...
Popularity: 57 • Tools: Recategorize
How long does a lien stay on a residential property?
Until the debt is paid in full, or if the creditor decides not to renew. A lien in some states can last for 20 years before it...
Popularity: 56 • Tools: Recategorize
How many months is a person required to pay installments on a product?
It depends on what the agreement between the merchant and customer agreed upon. Always avoid payments. Set $ aside in the bank...
Popularity: 56 • Tools: Recategorize
How can you contact Robert J Ulrich Trget's CEO?
Dear Mr Ulrich sorry to bother with such a little matter but it is us little people that help build your target co. my...
Popularity: 56 • Tools: Recategorize
What are a consumer's rights when his financial information has been given to others who are not authorized to receive that information?
There are state and federal laws that govern who your personal(including financial) information can be given to. Given that...
Popularity: 55 • Tools: Recategorize
How much will your fico score increase if you pay off a recent collection account that amounts to 3000 dollars?
Credit scores are calculated based on ALL the information contained in your permanent credit file. So all the data would have to...
Popularity: 55 • Tools: Recategorize
What if activity is reported and date changed to a previous date?
Write the creditor or reporter of the information and request verification of the debt, including the date of last activity. Ask...
Popularity: 53 • Tools: Recategorize
With three accounts in collections can you raise your FICO score quicker by paying them off in full one by one or by making payments on all of them?
Paying off collection accounts in no way improves your credit and may, under certain circumstances, HARM it by lowering your...
Popularity: 53 • Tools: Recategorize
What is a purchase money loan?
A home-financing technique in which buyer borrows from the seller instead of, or in addition to, a bank. Sometimes done when a...
Popularity: 53 • Tools: Recategorize
Why do finance companies ask for a down payment?
A down payment is cash in hand. It reduces the risk of bad debt to that extent. It also improves the cash flow to the extent of...
Popularity: 53 • Tools: Recategorize
Where can you find a letter of hardship to a mortgage company?
Just explain your situation to them and ask them if you can make intrest only payments until things get better. They're usually...
Popularity: 53 • Tools: Recategorize
Who is the richest person in the world?
At the end of 2008, the American investor and philanthropist Warren Buffet was worth an estimated $62 billion, up $10 billion...
Popularity: 53 • Tools: Recategorize
When does the '7-year' reporting begin and end is it when the account was opened closed or some other time?
The 7 year reporting period is measured from the "date of last activity." However, if the account is in good standing, it is...
Popularity: 52 • Tools: Recategorize
Could a CC inquiry cause your Equi beacon to drop 87 points in 12 days?
Absolutly Not.
Popularity: 52 • Tools: Recategorize
How can you dispute items without taking the normal route of writing dispute letters?
The only sure way is to write a letter containing all the necessary information. You can contact the creditor's customer service...
Popularity: 52 • Tools: Recategorize
The value of a 1893 fifty cent piece?
As of 2006, there are four prevalent coin grading services, which in addition to PCGS, include NGC (Numismatic Guaranty...
Popularity: 52 • Tools: Recategorize
Are title insurance costs necessary from a lender for refinancing?
Your lender may well require title insurance. It protects you too, and it's not usually too expensive in the scheme of...
Popularity: 52 • Tools: Recategorize
What are the various forms of wages?
Ask someone at the reference desk of your local public library for the Occupational Outlook Handbook. It lists all kinds of...
Popularity: 52 • Tools: Recategorize
Is there a way to pay a collection agency a current bill without it being applied to a bill over 10 years old first?
Yes. Simply pay the bill using the current account number. If their is a previous account that is over 10 years old, they...
Popularity: 51 • Tools: Recategorize
Can a person get a loan using bank statements as proof of income?
I have received mortgage loans based on my bank statements as proof of income since my sole source of income is Federal benefits...
Popularity: 51 • Tools: Recategorize
How much does Bill Gates earn a year?
Bill makes $300 a second, But this varys depending on Microsoft shares. As of 2006, his salary with bonus was about $1 million. ...
Popularity: 51 • Tools: Recategorize
Can a lender report that your payment was 30 days late when you paid 276 dollars on time but you should have paid 276 dollars and 60 cents?
Technically, yes. But there would have to be contributing factors, before they would go to the trouble of doing so.
Popularity: 50 • Tools: Recategorize
What does 'chargeoff' mean?
It is a term used by credit card companies to indicate they are ending attempts to collect the debt. Then they list it as a bad...
Popularity: 50 • Tools: Recategorize
What is the best way to respond to a summons from a collection agency who has filed a claim against you in court?
When the summons was received you should have been given instruction on how to answer. It is VERY important when being sued,...
Popularity: 50 • Tools: Recategorize
What is the average interest rate on a car loan after a chapter 7 has been discharged?
It all depends on your score.....12 months after discharge, i bought a brand new car....$32000.00 at 9% interest rate.... DO NOT...
Popularity: 50 • Tools: Recategorize
Is it legal for an original creditor and a collection agency to have a listing each on the same account?
It is legal for this to occur, just as long as the origional creditor updates their tradeline showing the account has been...
Popularity: 49 • Tools: Recategorize
Will a judgement stay on after 10 years if you never paid and if not does it come off automatically?
The majority of judgments can be renewed, indefinitely. Some, such as liens on real property are good for twenty years and can...
Popularity: 49 • Tools: Recategorize
Can you recover money stolen from your bank account due to identity theft?
Made payments on july but they get a letter explaining (id theft) some1 took my money from my bank , Can I recover $$ I already...
Popularity: 49 • Tools: Recategorize
Can a collection agency do an asset investigation?
No, a collection agency has no legal power to demand disclosure of a person's financial status. If a lawsuit is initiated, the...
Popularity: 49 • Tools: Recategorize
Are indirect or direct costs easier to allocate?
If you're referring to income taxes, direct costs are easier to allocate.
Popularity: 49 • Tools: Recategorize
What was the net worth of Meyer Lansky?
Rediculous estimates of - million are quoted but it doesn't make sense. I think he died a modest man
Popularity: 49 • Tools: Recategorize
If you are buying a home paying off collections will only hurt you instead of helping you?
The answer to this type of question depends on SO many factors. Paying off collection accounts will not necessarily raise your...
Popularity: 48 • Tools: Recategorize
When a creditor reports account information to a finance company and they report it as late does this imply that you were 30 days late?
Your credit report will show if an account was 30/60/90 days late. After 90 days, the account could show as a 'charge-off' or...
Popularity: 48 • Tools: Recategorize
Whatever happened to the five cent candy bar?
Inflation. It's now $.25 Or more likely it is on sale for $1.29 in a slightly smaller version of course.
Popularity: 48 • Tools: Recategorize
How do you cancel your membership and get the fastest possible refund if charges were made?
Contact their corporate office?
Popularity: 48 • Tools: Recategorize
Can a collection agency freeze your bank account if you get Social Security Disability checks in the state of ar?
No one can seize a bank account without due process. SSD benefits by Federal Law are 100% exempt from creditor attachment. You...
Popularity: 47 • Tools: Recategorize
What is the definition of last activity?
You can see the actual wording of the code at this site. It boils down to 7 years from the first day the account was placed...
Popularity: 47 • Tools: Recategorize
What is the SOL on vehicle loan purchased at a buy-here-pay-dealer in Indiana?
10 years
Popularity: 47 • Tools: Recategorize
If you are in NJ and have been awarded a judgement in SC how can you collect?
In most cases, you have to officially register the judgment in the state where the assets are located. Once you the judgment has...
Popularity: 47 • Tools: Recategorize
Do you think that there is a treasure that the fathers hid that you don't know about?
If you walk 30 steps north of the oak tree and dig a three-foot hole, you'll find the treasure.
Popularity: 47 • Tools: Recategorize
