What do I do with unused Credit Card accounts?
We have a few unused Credit Card accounts that will remain unused because of high interest rates. If we cancel them it will mess up our credit score. whay shoulds we do , just sit on them?
The Answer : If you aren't paying any fees (annual or monthly) keep them and let them continue to help your scores.Just because they have a high rate of interest does not mean that you cannot use them.
As long as you pay in full when you get the statement, the interest will not affect you.Use them for something minor that you would normally pay cash for (like - gas, a hamburger, etc) and set the cash aside until you get the statement.
Sunday, September 30, 2007
Juniper Visa ..What credit bureaugdo they use to see if I qualify for the card?
Juniper Visa ..What credit bureaugdo they use to see if I qualify for the card?
The Answer : Juniper likes to pull Trans Union the most.Occasionally, but rarely, they will pull Experian and Equifax is a distant third
The Answer : Juniper likes to pull Trans Union the most.Occasionally, but rarely, they will pull Experian and Equifax is a distant third
Can anyone recommend a bank or credit union in indiana that doesn't verify through Chexsystems?
Can anyone recommend a bank or credit union in indiana that doesn't verify through Chexsystems?
I need to open an account for direct deposit and an ATM card but don't need checks. I got into some trouble with my checking account a couple of years ago when I was in the hospital and off work for 2 months and now I can't seem to get an account.
The Answer : You might go to www.chexvictims.com It's a free discussion board for those who are on Chex.They have a great database of banks and credit unions that do not use Chex. They do a wonderful job in keeping the database updated and it is also free to use.
I need to open an account for direct deposit and an ATM card but don't need checks. I got into some trouble with my checking account a couple of years ago when I was in the hospital and off work for 2 months and now I can't seem to get an account.
The Answer : You might go to www.chexvictims.com It's a free discussion board for those who are on Chex.They have a great database of banks and credit unions that do not use Chex. They do a wonderful job in keeping the database updated and it is also free to use.
How do I get a "Free Credit Report" without going to the 3 sites on the web?
How do I get a "Free Credit Report" without going to the 3 sites on the web?
They aren't free and require sign-up or enrollment. What do people do without a computer and do these companies have a monopoly on credit reports?
The Answer :
http://www.annualcreditreport.com
This is the government mandated website where you can get 1 free credit report from the 3 credit bureaus for FREE. It will not ask for your credit card.
They aren't free and require sign-up or enrollment. What do people do without a computer and do these companies have a monopoly on credit reports?
The Answer :
http://www.annualcreditreport.com
This is the government mandated website where you can get 1 free credit report from the 3 credit bureaus for FREE. It will not ask for your credit card.
How does domain hosting work for sites that later become exceptionally popular?
How does domain hosting work for sites that later become exceptionally popular?
Say popular sites that we all visit, Google, Yahoo, popular messageboards, other search engines. When these sites initially start out do they use some average hosting site like Go Daddy, etc?
The Answer : You can start small and use shared hosting. If traffic becomes big, then you move to a dedicated server where only your site is in that box.
Or you can buy your own box and host your site yourself if you are capable Most of the big companies, in anticipation of traffic and the fact that they have investors and venture capital funds to back them up, buy and maintain their own servers.
They will use some third party services such as Akamai for load balancing, but most of the sites you mentioned are tech oriented sites so they already have techies on board who can maintain and create their own servers and not use services such as Go Daddy
Say popular sites that we all visit, Google, Yahoo, popular messageboards, other search engines. When these sites initially start out do they use some average hosting site like Go Daddy, etc?
The Answer : You can start small and use shared hosting. If traffic becomes big, then you move to a dedicated server where only your site is in that box.
Or you can buy your own box and host your site yourself if you are capable Most of the big companies, in anticipation of traffic and the fact that they have investors and venture capital funds to back them up, buy and maintain their own servers.
They will use some third party services such as Akamai for load balancing, but most of the sites you mentioned are tech oriented sites so they already have techies on board who can maintain and create their own servers and not use services such as Go Daddy
Paying off a loan?
Paying off a loan?
So my question is, if you want to pay off a loan early, is there a certain amount of time you have to maintain a loan until it affects your credit rating, score. If you pay it off in one month or after 2 years, does it matter?
The Answer : You need to have a payment history of 6 months. That will establish your credit line for that loan. Then pay it off.By doing this regularly, you quickly establish sever credit lines and the beginning of a credit history.
I've recommended people take out a small loan (appliance, tv, whatever), make payments for 6 months, then pay it off. It will do wonders for your score.
So my question is, if you want to pay off a loan early, is there a certain amount of time you have to maintain a loan until it affects your credit rating, score. If you pay it off in one month or after 2 years, does it matter?
The Answer : You need to have a payment history of 6 months. That will establish your credit line for that loan. Then pay it off.By doing this regularly, you quickly establish sever credit lines and the beginning of a credit history.
I've recommended people take out a small loan (appliance, tv, whatever), make payments for 6 months, then pay it off. It will do wonders for your score.
Saturday, September 29, 2007
Who do i contact to get financial advice?
Who do i contact to get financial advice?
I have to get my financial situation in order in 1 and 1/2 years. i have really bad credit and i need to pay it off and be able to buy a home. who do i call to help me figure out exactly what i need to do to reach my short term goals?
The Answer : It never fails to amaze me how folks can have the god given smarts to earn money but do not have the same smarts to manage it
== ok to begin with i hope you income is greater than you our flow
-- turn off the computer cause i am an old fart and i believe in knowing my banker by his first name and how many kids dogs etc
--- list every one you owe money to including monthly expenses and utilities
-- next on the list goes the monthly amount you should be budgeted for taxes insurance and other bills come out quarterly or ever six months
-- once you have that in place you are ready to prepare a budget -- hopefully there will be something left over for food and transportation
(if you have a car payment it is a separate item -this is for gas and parking fees ok total every thing up and bingo that is what you have left
== if it is more than your monthly income you have to sat down and get a glass of wine and look around say good bye cable or cell phone or internet service or any thing else until you are back in the black!!!
i know this is long and maybe confusing but i have been living very high on the hog for over 40 years and i swear if folks would try it for six months they would either be out of debt of see the light at the end of tunnel
== check out my profile and email me if you think i can help in any way!!!
I have to get my financial situation in order in 1 and 1/2 years. i have really bad credit and i need to pay it off and be able to buy a home. who do i call to help me figure out exactly what i need to do to reach my short term goals?
The Answer : It never fails to amaze me how folks can have the god given smarts to earn money but do not have the same smarts to manage it
== ok to begin with i hope you income is greater than you our flow
-- turn off the computer cause i am an old fart and i believe in knowing my banker by his first name and how many kids dogs etc
--- list every one you owe money to including monthly expenses and utilities
-- next on the list goes the monthly amount you should be budgeted for taxes insurance and other bills come out quarterly or ever six months
-- once you have that in place you are ready to prepare a budget -- hopefully there will be something left over for food and transportation
(if you have a car payment it is a separate item -this is for gas and parking fees ok total every thing up and bingo that is what you have left
== if it is more than your monthly income you have to sat down and get a glass of wine and look around say good bye cable or cell phone or internet service or any thing else until you are back in the black!!!
i know this is long and maybe confusing but i have been living very high on the hog for over 40 years and i swear if folks would try it for six months they would either be out of debt of see the light at the end of tunnel
== check out my profile and email me if you think i can help in any way!!!
Friday, September 28, 2007
How long does it take a creditor to start a wage garnishment?
How long does it take a creditor to start a wage garnishment?
My brother had a car loan ($10,000) that he couldnt pay on anymore and had it repo'd. After trying to work with them, they decided to cut it off and take further actions. He hasnt received any letters but the last call was a wage garnishment threat. I know they have to take him to court and get a judgement first. He wants to know since in CA they can take up to 25% of his wages - can he fight that lower??? and HOW LONG does it take from the start of the last phone call to actually going to court???
He is not running from it, but wants to let his employer know ahead of time so they are not suprised and he also wants to lower his withholdings since he has other bills as well and needs to survive.
The Answer : I'm not sure of the exact procedure in California...but in many states it goes like this:1) Plaintiff files lawsuit.
You must be served and the court date is set. This can take 1-2 months depending on how efficient your court is. You can stall it another month by requesting another court date due to scheduling problems.2) The judgment is issued, and you have a certain amount of time to pay.
Generally this is 20-30 days.3) If not paid, plaintiff returns to court for order to garnish wages. This must be served on the employer, and you then have a time period to appeal it to the court (2-3 weeks).It is my understanding that garnishment schedules are pretty much set and you can't get them lowered.
You can, however, file a request for installment payments with the court. If approved, you will pay this amount outside of garnishment, and while you are making payments the plaintiff is prevented from garnishing your wages. In most states they can not go after bank accounts for file liens. But as soon as you miss a payment, the judge will grant a garnishment and you will not get it overturned.When you request installment payments, be prepared to have proof of your income and expenses.
My brother had a car loan ($10,000) that he couldnt pay on anymore and had it repo'd. After trying to work with them, they decided to cut it off and take further actions. He hasnt received any letters but the last call was a wage garnishment threat. I know they have to take him to court and get a judgement first. He wants to know since in CA they can take up to 25% of his wages - can he fight that lower??? and HOW LONG does it take from the start of the last phone call to actually going to court???
He is not running from it, but wants to let his employer know ahead of time so they are not suprised and he also wants to lower his withholdings since he has other bills as well and needs to survive.
The Answer : I'm not sure of the exact procedure in California...but in many states it goes like this:1) Plaintiff files lawsuit.
You must be served and the court date is set. This can take 1-2 months depending on how efficient your court is. You can stall it another month by requesting another court date due to scheduling problems.2) The judgment is issued, and you have a certain amount of time to pay.
Generally this is 20-30 days.3) If not paid, plaintiff returns to court for order to garnish wages. This must be served on the employer, and you then have a time period to appeal it to the court (2-3 weeks).It is my understanding that garnishment schedules are pretty much set and you can't get them lowered.
You can, however, file a request for installment payments with the court. If approved, you will pay this amount outside of garnishment, and while you are making payments the plaintiff is prevented from garnishing your wages. In most states they can not go after bank accounts for file liens. But as soon as you miss a payment, the judge will grant a garnishment and you will not get it overturned.When you request installment payments, be prepared to have proof of your income and expenses.
Paying the next months bills?
Paying the next months bills?
Hello, since I won't be home for the next month, I am going to pay more for my bills all in one check (for this month and the next month). And I was wondering if I need to call every single company and let them know that I am paying more. Your help would be much appreciated.
The Answer : It depends on what type of bill you are talking about.I agree 100% with imthepretty1's advice on credit cards. You are expected to make monthly payments if you have any balance on the card. Any money paid is simply applied to the current balance, but they will generate a new bill the next month.
Fail to pay it and you are in all sorts of trouble.Car and/or mortgage payments are usually applied to the principal...but you can call and tell them to place it toward the next month's bill. Utilities are billed as they amount is occur, so by paying in advance you generate a credit balance. That will cover your future bills.
Hello, since I won't be home for the next month, I am going to pay more for my bills all in one check (for this month and the next month). And I was wondering if I need to call every single company and let them know that I am paying more. Your help would be much appreciated.
The Answer : It depends on what type of bill you are talking about.I agree 100% with imthepretty1's advice on credit cards. You are expected to make monthly payments if you have any balance on the card. Any money paid is simply applied to the current balance, but they will generate a new bill the next month.
Fail to pay it and you are in all sorts of trouble.Car and/or mortgage payments are usually applied to the principal...but you can call and tell them to place it toward the next month's bill. Utilities are billed as they amount is occur, so by paying in advance you generate a credit balance. That will cover your future bills.
Paying off a loan?
Paying off a loan?
So my question is, if you want to pay off a loan early, is there a certain amount of time you have to maintain a loan until it affects your credit rating, score.
If you pay it off in one month or after 2 years, does it matter?
The Answer : You need to have a payment history of 6 months. That will establish your credit line for that loan. Then pay it off.By doing this regularly, you quickly establish sever credit lines and the beginning of a credit history.
I've recommended people take out a small loan (appliance, tv, whatever), make payments for 6 months, then pay it off. It will do wonders for your score.
So my question is, if you want to pay off a loan early, is there a certain amount of time you have to maintain a loan until it affects your credit rating, score.
If you pay it off in one month or after 2 years, does it matter?
The Answer : You need to have a payment history of 6 months. That will establish your credit line for that loan. Then pay it off.By doing this regularly, you quickly establish sever credit lines and the beginning of a credit history.
I've recommended people take out a small loan (appliance, tv, whatever), make payments for 6 months, then pay it off. It will do wonders for your score.
Debt Advice?
Debt Advice?
My boyfriend has bad debt, and cannot deal with the collection agencys abuse so we contacted American Credit Foundation http://www.debtguru.com/ which is a non profit credit counciling foundation that has agreed to make a payment plan so he can pay back the 2 creditors he owed. I figured this would give him a chance to build his credit back up. Will this hurt him?
I ask because we received a call from Omni Credit Services today and they said that is equivalent to bankcrupty. His dad is telling him that if he claims bankruptcy he would still be able to purchase a house within a few years. Whos right, whats his best options.
The Answer : Lots of poor, uneducated answers here!For starters, working with credit counseling is NOT the same as a consolidation loan. Credit counseling will hurt your credit, but not nearly as much as a bankruptcy.True, you could file for bankruptcy and qualify for a house in two years.....but that assumes that you are filing for a Chapter 7.
If you are a wage earner making more the the state allowance, you will not qualify for a Chapter 7, but instead be placed into a 13. You will be put on a 3-5 year payment plan to pay off a portion of the debts, and during that time you will not be allowed to incur further debts (like a mortgage).
I don't know your boyfriends situation...but stick with your payment plan for now. The advice about dishonest credit counselors is correct.
My boyfriend has bad debt, and cannot deal with the collection agencys abuse so we contacted American Credit Foundation http://www.debtguru.com/ which is a non profit credit counciling foundation that has agreed to make a payment plan so he can pay back the 2 creditors he owed. I figured this would give him a chance to build his credit back up. Will this hurt him?
I ask because we received a call from Omni Credit Services today and they said that is equivalent to bankcrupty. His dad is telling him that if he claims bankruptcy he would still be able to purchase a house within a few years. Whos right, whats his best options.
The Answer : Lots of poor, uneducated answers here!For starters, working with credit counseling is NOT the same as a consolidation loan. Credit counseling will hurt your credit, but not nearly as much as a bankruptcy.True, you could file for bankruptcy and qualify for a house in two years.....but that assumes that you are filing for a Chapter 7.
If you are a wage earner making more the the state allowance, you will not qualify for a Chapter 7, but instead be placed into a 13. You will be put on a 3-5 year payment plan to pay off a portion of the debts, and during that time you will not be allowed to incur further debts (like a mortgage).
I don't know your boyfriends situation...but stick with your payment plan for now. The advice about dishonest credit counselors is correct.
Identity theft issues - where to get financial advice?
Identity theft issues - where to get financial advice?
Where do you go to get financial advice when you have a bad credit score as a result of identity theft? I plan to get a new car as well as a new house/condo in the next year or so, but creditors are quick to reject a bad score,
even though I pay my bills on time and I make good money (single, no dependants)The theft issue is in the process of resolution with appropriate institutions, but creditors don't know that. Do you communicate to creditors themselves or do you get a lawyer? a financial advisor? Not sure what the next steps are!
The Answer : I've been down this road myself, and help people with these questions. Drop me an email if you still need questions answered.I'm confused by your question. when you want to communicate "to creditors themselves" do you mean you want the lenders who turned you down to know your credit was repaired?Or are these the creditors listing bad information on your credit history?Identity theft is a major problem now. But the government has set up very specific procedures that you follow in order to repair your credit history.
Start by visiting the link below and follow the steps. It will involve getting a police report, filing an identity theft report with the credit bureaus, and then sending out dispute letters to everyone who is posting bad info to your history. In some cases they may not cooperate with you. In those cases, you file a small claims lawsuit against them, and if you have followed the correct procedures you will easily win $1000 in damages.It happened to me a few years back, and I had to sue them. Got $1200 for my troubles.
Where do you go to get financial advice when you have a bad credit score as a result of identity theft? I plan to get a new car as well as a new house/condo in the next year or so, but creditors are quick to reject a bad score,
even though I pay my bills on time and I make good money (single, no dependants)The theft issue is in the process of resolution with appropriate institutions, but creditors don't know that. Do you communicate to creditors themselves or do you get a lawyer? a financial advisor? Not sure what the next steps are!
The Answer : I've been down this road myself, and help people with these questions. Drop me an email if you still need questions answered.I'm confused by your question. when you want to communicate "to creditors themselves" do you mean you want the lenders who turned you down to know your credit was repaired?Or are these the creditors listing bad information on your credit history?Identity theft is a major problem now. But the government has set up very specific procedures that you follow in order to repair your credit history.
Start by visiting the link below and follow the steps. It will involve getting a police report, filing an identity theft report with the credit bureaus, and then sending out dispute letters to everyone who is posting bad info to your history. In some cases they may not cooperate with you. In those cases, you file a small claims lawsuit against them, and if you have followed the correct procedures you will easily win $1000 in damages.It happened to me a few years back, and I had to sue them. Got $1200 for my troubles.
Friday, September 21, 2007
Do you need a real estate license to manage property in California?
Do you need a real estate license to manage property in California?
If yes, please cite the law or code. Thanks!
The Answer : Well, you can manage a property without a license, but you if you want to get paid for doing it, you need a license.California Business & Professions Code 10130
http://www.dre.ca.gov/relaw_pdf/Relaw.pd...
If yes, please cite the law or code. Thanks!
The Answer : Well, you can manage a property without a license, but you if you want to get paid for doing it, you need a license.California Business & Professions Code 10130
http://www.dre.ca.gov/relaw_pdf/Relaw.pd...
Can bank reposses the house even if name on mortgage is different from the name on a deed?
Can bank reposses the house even if name on mortgage is different from the name on a deed?
I've Transffered a deed to my friend. But mortgage is still on my name. Friend making payments to my loan. What if he stops making payments. Is Bank has a right to reposses a house even if I don't own it?
The Answer : Absolutely. If the mortgage wasn't paid off when you transferred title to your friend, then your friend got title subject to that mortgage, and the lender can absolutely foreclose if it's defaulted on. In fact, most mortgages have a "due on sale" clause to prohibit people from assuming their loans, so your lender could likely call the mortgage due and/or foreclose whether or not your friend makes the payments.
From the perspective of a borrower, it's not such a good idea to do what you did. Your credit can be tarnished by the late payments of your friend, because you're still liable for the mortgage!
I've Transffered a deed to my friend. But mortgage is still on my name. Friend making payments to my loan. What if he stops making payments. Is Bank has a right to reposses a house even if I don't own it?
The Answer : Absolutely. If the mortgage wasn't paid off when you transferred title to your friend, then your friend got title subject to that mortgage, and the lender can absolutely foreclose if it's defaulted on. In fact, most mortgages have a "due on sale" clause to prohibit people from assuming their loans, so your lender could likely call the mortgage due and/or foreclose whether or not your friend makes the payments.
From the perspective of a borrower, it's not such a good idea to do what you did. Your credit can be tarnished by the late payments of your friend, because you're still liable for the mortgage!
How can a person get negative items removed from his or her credit report?
How can a person get negative items removed from his or her credit report?
The Answer : There are only two ways to get negative items removed from your credit report.
1) The creditor must remove them
2) The creditor fails to respond to a dispute investigation from the credit bureauSo see the link below, file a dispute, and hope that the creditor ignores it.
The Answer : There are only two ways to get negative items removed from your credit report.
1) The creditor must remove them
2) The creditor fails to respond to a dispute investigation from the credit bureauSo see the link below, file a dispute, and hope that the creditor ignores it.
I have $60k in credit card debt @ 8.99% ave apr, should i refi or home loan to get out of debt faster?
I have $60k in credit card debt @ 8.99% ave apr, should i refi or home loan to get out of debt faster?
we pay about 1500/month toward 6 cards but only pay a little above minimum for each. some cards have 3.99% or less intro rates. getting conflicting answers from brokers and family. any suggestions?
we pay about 1500/month toward 6 cards but only pay a little above minimum for each. some cards have 3.99% or less intro rates. getting conflicting answers from brokers and family. amortization tables show payoffs within 4-5 yrs for either home loans or paying $1500/month to cc. any suggestions which is better option? home loan with bank fees but tax break or no tax break with cards but no other start up fees.
The Answer : Let me guess....Over the past years you have been getting credit cards and rolling the balances over to them. Then you run up the other cards, get another card and roll over.....Am I close?Now you are looking at a home equity loan or a complete refinance. I'm not preaching to you. I've heard this story over and over. Let me jump to the ending of this story.....you will be filing bankruptcy in another year.
I know this because in the past 5 years this very thing has happened to thousands of other people. I've seen it. I've tried to help many people out of this.The only difference with you is your credit card rates are great! Assuming they all average about 9% as you say. Most people in your spot are paying over 20%.In your case, I don't really think refinancing is going to benefit you that much. Contact a mortgage broker, or a company that does these loans like Countrywide.
But I think you will find the numbers are not going to work.Right now, your choice is either a 10 year drastic budget, paying off as much as this as you can. If you file bankruptcy I suspect you won't qualify for a chapter 7, so you will still be forced on to a serious budget....but only for 3-5 years. Your credit will be shot, but you will at least be out of debt.I simply don't have enough details to comment further...good luck to you.
we pay about 1500/month toward 6 cards but only pay a little above minimum for each. some cards have 3.99% or less intro rates. getting conflicting answers from brokers and family. any suggestions?
we pay about 1500/month toward 6 cards but only pay a little above minimum for each. some cards have 3.99% or less intro rates. getting conflicting answers from brokers and family. amortization tables show payoffs within 4-5 yrs for either home loans or paying $1500/month to cc. any suggestions which is better option? home loan with bank fees but tax break or no tax break with cards but no other start up fees.
The Answer : Let me guess....Over the past years you have been getting credit cards and rolling the balances over to them. Then you run up the other cards, get another card and roll over.....Am I close?Now you are looking at a home equity loan or a complete refinance. I'm not preaching to you. I've heard this story over and over. Let me jump to the ending of this story.....you will be filing bankruptcy in another year.
I know this because in the past 5 years this very thing has happened to thousands of other people. I've seen it. I've tried to help many people out of this.The only difference with you is your credit card rates are great! Assuming they all average about 9% as you say. Most people in your spot are paying over 20%.In your case, I don't really think refinancing is going to benefit you that much. Contact a mortgage broker, or a company that does these loans like Countrywide.
But I think you will find the numbers are not going to work.Right now, your choice is either a 10 year drastic budget, paying off as much as this as you can. If you file bankruptcy I suspect you won't qualify for a chapter 7, so you will still be forced on to a serious budget....but only for 3-5 years. Your credit will be shot, but you will at least be out of debt.I simply don't have enough details to comment further...good luck to you.
Thursday, September 20, 2007
How long does it take for charged off accounts and credit card debts to be taken off of a credit report? in?
How long does it take for charged off accounts and credit card debts to be taken off of a credit report? in?
WASHINGTON STATE.i really need to to finish school , but in order to do that i need to take out a private loan, because federal loans aren't enough, but my bad credit doesn't allow it...please help!
The Answer : Once again, everybody gets this answer wrong (except for Spiff, of course).Just one of the problems here with Yahoo.....people can't take two minutes to research their answers. What really makes it sad....I've only posted this answer dozens of times. Go on...take a look at my answers! Amazing, isn't it? OK, once again...everybody open your books to the Fair Credit Reporting Act (see below). The reporting time for negative information on your credit report is 7 years, starting from the date of the delinquency.It makes no difference if it's paid off. If it's on longer then that, it's because the collection agency illegally re-aged the debt by reporting a fake delinquency date. The delinquency date is defined as the day you owed the payment, but didn't pay. Example, if you owed a debt on Jan 1, 2000 and missed that payment, THAT is the starting date. On Jan 1, 2007 the item must be deleted from your report.
WASHINGTON STATE.i really need to to finish school , but in order to do that i need to take out a private loan, because federal loans aren't enough, but my bad credit doesn't allow it...please help!
The Answer : Once again, everybody gets this answer wrong (except for Spiff, of course).Just one of the problems here with Yahoo.....people can't take two minutes to research their answers. What really makes it sad....I've only posted this answer dozens of times. Go on...take a look at my answers! Amazing, isn't it? OK, once again...everybody open your books to the Fair Credit Reporting Act (see below). The reporting time for negative information on your credit report is 7 years, starting from the date of the delinquency.It makes no difference if it's paid off. If it's on longer then that, it's because the collection agency illegally re-aged the debt by reporting a fake delinquency date. The delinquency date is defined as the day you owed the payment, but didn't pay. Example, if you owed a debt on Jan 1, 2000 and missed that payment, THAT is the starting date. On Jan 1, 2007 the item must be deleted from your report.
Debt Validation?
Debt Validation?
Long story short, I lost everything and moved to another state, including most of my paperwork. I'm getting back on my feet now, and trying to repair my credit.I would like to request validation from my debtors, but haven't been in contact with them for over a year, I had to pull their address from my credit report...can I just randomly send them a request for validation? Or do they have to contact me first?My real concern is that I rec'd a letter from one debtor saying I have 30 days to dispute or it is legally validated. What if my other debtor sent me the same letter? They are saying I owe 5k more than I really owe. Are they just BSing about it being legally valid if I didn't dispute? and I have been reading the FDCPA...I am just having a hard time finding what the debtors rights are.
The Answer : Okey , you read the FDCA so that will help in answering your questions.That 30 day letter is a formality that they must send by law. If you do not respond, it is NOT an admission that you owe the debt. The FDCA states "The failure of a consumer to dispute the validity of a debt under this section may not be construed by any court as an admission of liability by the consumer."You have the right at any time to demand validation. You actually want to do this to make sure they collection agency is not taking on tons if illegal fees, as it sounds they are doing to you now. It also makes no difference if they contact you first or not....you said that you moved. They probably don't know where you are. But they sure will once you request validation information...so be prepared for collection calls.Be sure the send the letter by certified mail/return receipt.
Long story short, I lost everything and moved to another state, including most of my paperwork. I'm getting back on my feet now, and trying to repair my credit.I would like to request validation from my debtors, but haven't been in contact with them for over a year, I had to pull their address from my credit report...can I just randomly send them a request for validation? Or do they have to contact me first?My real concern is that I rec'd a letter from one debtor saying I have 30 days to dispute or it is legally validated. What if my other debtor sent me the same letter? They are saying I owe 5k more than I really owe. Are they just BSing about it being legally valid if I didn't dispute? and I have been reading the FDCPA...I am just having a hard time finding what the debtors rights are.
The Answer : Okey , you read the FDCA so that will help in answering your questions.That 30 day letter is a formality that they must send by law. If you do not respond, it is NOT an admission that you owe the debt. The FDCA states "The failure of a consumer to dispute the validity of a debt under this section may not be construed by any court as an admission of liability by the consumer."You have the right at any time to demand validation. You actually want to do this to make sure they collection agency is not taking on tons if illegal fees, as it sounds they are doing to you now. It also makes no difference if they contact you first or not....you said that you moved. They probably don't know where you are. But they sure will once you request validation information...so be prepared for collection calls.Be sure the send the letter by certified mail/return receipt.
Wednesday, September 19, 2007
What are the new rules for filing bankruptcy and does filing eliminate all debt?
What are the new rules for filing bankruptcy and does filing eliminate all debt?
The Answer : I do not agree with Marie's advice.If you are currently working and have some income, you probably will not qualify for chapter 7 anyway, and you could end up losing your home, auto, or other property. You need to discuss your options with a bankruptcy attorney. Only after examining your situation can any recommendation be made. As for the new rules, you must meat a "means" test to see if you qualify. If it's determined that you make too much money, and your dept ratio is not that high, you will not be allowed to file.The filing fees are a lot higher.You now have to complete budget management course (on your own dime). If you can't afford to consult an attorney then do some research on the net. I'm not sure how much info is available on the new rules yet though.Good luck, I've been there.
The Answer : I do not agree with Marie's advice.If you are currently working and have some income, you probably will not qualify for chapter 7 anyway, and you could end up losing your home, auto, or other property. You need to discuss your options with a bankruptcy attorney. Only after examining your situation can any recommendation be made. As for the new rules, you must meat a "means" test to see if you qualify. If it's determined that you make too much money, and your dept ratio is not that high, you will not be allowed to file.The filing fees are a lot higher.You now have to complete budget management course (on your own dime). If you can't afford to consult an attorney then do some research on the net. I'm not sure how much info is available on the new rules yet though.Good luck, I've been there.
Whats up with the feds, mandateing a 3% increase on old credit card debt.?
Whats up with the feds, mandateing a 3% increase on old credit card debt.?
And when did it come into effect?.And is anyone haveing problems makeing the their min, payments?And is it effecting your credit rateing?.Im turely hopeing that that you or someone you know has some imput for us!.The over worked and under paid americans. that feel like we'er being punished for ever investing in the promise of graet things to come out of appelying for a card at all.Aswell as doing everything posible to increase their credit rateing!
The Answer : Want an answer? Take one look at the number of personal bankruptcy cases file this year. Consumers are falling into a serious trap when they play around with credit. It starts with them making minimum payments. Then they get a second credit card and transfer the balance, only to run up the balance again on the first card. Then it's off to re-finance their homes. I've seen this over and over again!So the government is now forced to step in. Be lucky this is all they did.
And when did it come into effect?.And is anyone haveing problems makeing the their min, payments?And is it effecting your credit rateing?.Im turely hopeing that that you or someone you know has some imput for us!.The over worked and under paid americans. that feel like we'er being punished for ever investing in the promise of graet things to come out of appelying for a card at all.Aswell as doing everything posible to increase their credit rateing!
The Answer : Want an answer? Take one look at the number of personal bankruptcy cases file this year. Consumers are falling into a serious trap when they play around with credit. It starts with them making minimum payments. Then they get a second credit card and transfer the balance, only to run up the balance again on the first card. Then it's off to re-finance their homes. I've seen this over and over again!So the government is now forced to step in. Be lucky this is all they did.
Tuesday, September 18, 2007
Does anybody know where to go for legal counsel regarding unfair credit reporting in NJ?
Does anybody know where to go for legal counsel regarding unfair credit reporting in NJ?
I have been fighting BOA since 2005. I have all the documents sent to them so they can correct the adverse account entry on my credit report and they still give me the run-around. I tried writing to the credit bureaus too but all they told me was to write to BOA. I am tired of this game they are playing maybe it's time I sue them?
The Answer : If you have well documented proof that:-you did pay the bill-you did notify them of the error-you did dispute this with the credit bureau...then by all means sue them. There is a very specific procedure you need to follow, but if you do it you have a very easy small claims lawsuit, and you will win $1000 for your trouble (plus legal fees).If you don't want to fight this yourself...look in the phone book for a lawyer that specializes in collections.
Sure, they work for collection agencies, but these slimeballs will also eat their young, and will take your case. Many are even starting to do it on a contingency basis, where you pay the filing fees and they only collect when you win (because their fees are included in the suit). They see it as easy money. Where I live there are a couple who do nothing but these cases.
I have been fighting BOA since 2005. I have all the documents sent to them so they can correct the adverse account entry on my credit report and they still give me the run-around. I tried writing to the credit bureaus too but all they told me was to write to BOA. I am tired of this game they are playing maybe it's time I sue them?
The Answer : If you have well documented proof that:-you did pay the bill-you did notify them of the error-you did dispute this with the credit bureau...then by all means sue them. There is a very specific procedure you need to follow, but if you do it you have a very easy small claims lawsuit, and you will win $1000 for your trouble (plus legal fees).If you don't want to fight this yourself...look in the phone book for a lawyer that specializes in collections.
Sure, they work for collection agencies, but these slimeballs will also eat their young, and will take your case. Many are even starting to do it on a contingency basis, where you pay the filing fees and they only collect when you win (because their fees are included in the suit). They see it as easy money. Where I live there are a couple who do nothing but these cases.
Can a creditor sue you a month before the statue of limitation runs out?
Can a creditor sue you a month before the statue of limitation runs out?
I'm being sue from a creditor 1 month before the statue runs out is this possible.
The Answer : Keep in mind that collection agents are notorious for not having a clue of the exact SOL date. You many need to research your state's laws a bit. If a lawsuit has already been filed, you may want to request a "discovery" and get all of the paperwork involved on your debt. You mainly want to see the last bill, the payment demand letter, and any docs to show when you last made a payment or charge to the account.Many times collection agents use the date that the account was charged off, or when they actually got the account. This will "pad" your SOL a few months, so it's possible you are actually over the date already and can use that as your defense.
I'm being sue from a creditor 1 month before the statue runs out is this possible.
The Answer : Keep in mind that collection agents are notorious for not having a clue of the exact SOL date. You many need to research your state's laws a bit. If a lawsuit has already been filed, you may want to request a "discovery" and get all of the paperwork involved on your debt. You mainly want to see the last bill, the payment demand letter, and any docs to show when you last made a payment or charge to the account.Many times collection agents use the date that the account was charged off, or when they actually got the account. This will "pad" your SOL a few months, so it's possible you are actually over the date already and can use that as your defense.
Credit card Question...?
Credit card Question...?
First off I don't use my credit card hardly at all. I am planning to go to Hawaii this summer and I was going to get a new credit card with 0% APR for the first 12 months. If I don't pay it off by next year, should I transfer the balance to another 0% credit card? Is this bad for your credit in any way? Is there a better way to go about this?
The Answer : I like to call it "Credit Card Roulette"....eventually it will come back and hurt you.What many people do is get a new card, transfer the balance, then run up the first card all over again. Now they are in twice the amount of debt. Eventually the will file for bankruptcy.IF you have good self control, this isn't a bad idea. But over the long run it will start to hurt your credit.
First off I don't use my credit card hardly at all. I am planning to go to Hawaii this summer and I was going to get a new credit card with 0% APR for the first 12 months. If I don't pay it off by next year, should I transfer the balance to another 0% credit card? Is this bad for your credit in any way? Is there a better way to go about this?
The Answer : I like to call it "Credit Card Roulette"....eventually it will come back and hurt you.What many people do is get a new card, transfer the balance, then run up the first card all over again. Now they are in twice the amount of debt. Eventually the will file for bankruptcy.IF you have good self control, this isn't a bad idea. But over the long run it will start to hurt your credit.
How do I get an erroneous California State Tax Lien removed from my credit report?
How do I get an erroneous California State Tax Lien removed from my credit report?
I have a tax lien on my credit reports - again - some 12 years after CA put it on, even though I didn't owe taxes (OK, I filed late without an extension...my fault...). I have had it removed three times over the years, but checked my Credit report not long ago and there it was again. Each time I've needed to send in the proof document from the state (they've provided it to me back in 1995) and send it to the three credit bureaus...and it will come off for a bit, but ends up back on again - screwing up my credit scores.Is there a reliable way to keep this from continuing to happen? Does anyone know? Anyone every cracked to code on the California Franchise tax board's reporting mess?Thanks.Steve in Seattle.
I should ephasize: This is NOT a PAID tax lien - it's a tax lien that was removed by the State of California since I no longer owed the taxes. The document I have is dated 1995. I will contact CA State Franchise Tax Board. As a California State Gov't Agency, it will probably be equally unenjoyable and innefective as a trip the the CA DMV. Thanks All!
The Answer : Steve,Start by reading the info below. this is from the Fair Credit Reporting act.I would say after posting this 3 times to your report, and you constantly fighting them to stop, this is a slam dunk small claims suit. If this is showing up on all 3 reports, you can sue each of them.What can you do with $3000?
Source(s):Sec. 1681c. Reporting of obsolete information prohibited(a) Except as authorized under subsection (b), no consumer reporting agency may make any consumer report containing any of the following items of information:(3) Paid tax liens which, from date of payment, antedate the report by more than seven years.Sec. 1681n. Civil liability for willful noncomplianceAny consumer reporting agency or user of information which willfully fails to comply with any requirement imposed under this title with respect to any consumer is liable to that consumer in an amount equal to the sum of--
(1) any actual damages sustained by the consumer as a result of the failure;
(2) such amount of punitive damages as the court may allow; and
(3) in the case of any successful action to enforce any liability under this section, the costs of the action together with reasonable attorney's fees as determined by the court.
I have a tax lien on my credit reports - again - some 12 years after CA put it on, even though I didn't owe taxes (OK, I filed late without an extension...my fault...). I have had it removed three times over the years, but checked my Credit report not long ago and there it was again. Each time I've needed to send in the proof document from the state (they've provided it to me back in 1995) and send it to the three credit bureaus...and it will come off for a bit, but ends up back on again - screwing up my credit scores.Is there a reliable way to keep this from continuing to happen? Does anyone know? Anyone every cracked to code on the California Franchise tax board's reporting mess?Thanks.Steve in Seattle.
I should ephasize: This is NOT a PAID tax lien - it's a tax lien that was removed by the State of California since I no longer owed the taxes. The document I have is dated 1995. I will contact CA State Franchise Tax Board. As a California State Gov't Agency, it will probably be equally unenjoyable and innefective as a trip the the CA DMV. Thanks All!
The Answer : Steve,Start by reading the info below. this is from the Fair Credit Reporting act.I would say after posting this 3 times to your report, and you constantly fighting them to stop, this is a slam dunk small claims suit. If this is showing up on all 3 reports, you can sue each of them.What can you do with $3000?
Source(s):Sec. 1681c. Reporting of obsolete information prohibited(a) Except as authorized under subsection (b), no consumer reporting agency may make any consumer report containing any of the following items of information:(3) Paid tax liens which, from date of payment, antedate the report by more than seven years.Sec. 1681n. Civil liability for willful noncomplianceAny consumer reporting agency or user of information which willfully fails to comply with any requirement imposed under this title with respect to any consumer is liable to that consumer in an amount equal to the sum of--
(1) any actual damages sustained by the consumer as a result of the failure;
(2) such amount of punitive damages as the court may allow; and
(3) in the case of any successful action to enforce any liability under this section, the costs of the action together with reasonable attorney's fees as determined by the court.
I am looking for grant money for college and every site I visit says I have to pay?
I am looking for grant money for college and every site I visit says I have to pay?
All the ones I have visited tell me I have to pay to get info on this? Is this the case....do I have to pay to get info on applying for a college grant? I'm tired of paying for school out of pocket LOL as I am sure everyone is.....so I am new to this. ANy info appreciated
I am at this site now and it says I can apply for a free cd, but pay 1.97 s/h and if I dont' cancel in 30 days I will be charged 29.95 a month there after
The Answer : Dont pay for the information if you are looking for government grant moneyCheck out Federal Student Aid Web Site or FAFSA http://www.fafsa.ed.gov/
I suggest you explore all federal funding and grant options at the Federal Student Aid website http://federalstudentaid.ed.gov/...
You may also want to read the Handbook of the Pell Grant -- this is an 86 page document that contains everything about the granthttp://ifap.ed.gov/sfahandbooks/attachme...
Or you can call the Federal Student Aid Information Center http://www.ed.gov/programs/fpg/gtepfpg.p... at 1-800-433-3243 and ask them if there are any programs for youAside from FAFSA http://www.fafsa.ed.gov and Pell Grant http://www.ed.gov/programs/fpg/index.htm... ,
you may want to explore private foundation grantsAlso check out Fastweb http://www.fastweb.com For private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online http://gtionline.fdncenter.org .
It's a subscription based website ($9.95 per month) and their opening blurb says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." You may be able to find grants from private foundations.
All the ones I have visited tell me I have to pay to get info on this? Is this the case....do I have to pay to get info on applying for a college grant? I'm tired of paying for school out of pocket LOL as I am sure everyone is.....so I am new to this. ANy info appreciated
I am at this site now and it says I can apply for a free cd, but pay 1.97 s/h and if I dont' cancel in 30 days I will be charged 29.95 a month there after
The Answer : Dont pay for the information if you are looking for government grant moneyCheck out Federal Student Aid Web Site or FAFSA http://www.fafsa.ed.gov/
I suggest you explore all federal funding and grant options at the Federal Student Aid website http://federalstudentaid.ed.gov/...
You may also want to read the Handbook of the Pell Grant -- this is an 86 page document that contains everything about the granthttp://ifap.ed.gov/sfahandbooks/attachme...
Or you can call the Federal Student Aid Information Center http://www.ed.gov/programs/fpg/gtepfpg.p... at 1-800-433-3243 and ask them if there are any programs for youAside from FAFSA http://www.fafsa.ed.gov and Pell Grant http://www.ed.gov/programs/fpg/index.htm... ,
you may want to explore private foundation grantsAlso check out Fastweb http://www.fastweb.com For private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online http://gtionline.fdncenter.org .
It's a subscription based website ($9.95 per month) and their opening blurb says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." You may be able to find grants from private foundations.
Am I qualified to a SSS calamity loan? Im from Guiguinto, Bulacan Philippines?
Am I qualified to a SSS calamity loan? Im from Guiguinto, Bulacan Philippines?
The Answer : From the Philippine Social Security System website, you can qualify for a calamity loan if:
http://www.sss.gov.ph/loans/cal0001.htm...
------------------------------
...Who may qualify for a calamity loan? A currently employed, self-employed or voluntary member who is a resident of a calamity area as covered by Presidential Proclamation or as declared by the National Disaster Coordinating Council (NDCC) or the concerned Local Government Unit (LGU).
He must have paid at least a total of 24 monthly contributions throughout his membership, including two monthly contributions within the one-year period prior to filing date.He has not yet been granted a refund of contributions, retirement or total permanent disability benefits.He must be up-to-date in the payment of all member loan obligations,
including the following:» salary loan » calamity loan » emergency loan » stock investment loan » privatization fund loan » special educational loan for vocational and technical students » special educational loan for Y2K conversion training » member assistance for the development of entrepreneurship (MADE), and » housing loan granted through the SSS,
National Home Mortgage Finance Corporation (NHMFC) and Home Development Mutual Fund (Pag-IBIG). The amount of calamity loan shall be granted only to the extent that the loan being applied for plus the member's total outstanding loan balance at the time of application shall not exceed P50,000, except those of member assistance for the development of entrepreneurship (MADE) and housing loans.His employer,
if any, must be up-to-date in contributions and loan remittances.He has not been disqualified by the Social Security Commission (SSC) for having filed a fraudulent loan application with the SSS.
The Answer : From the Philippine Social Security System website, you can qualify for a calamity loan if:
http://www.sss.gov.ph/loans/cal0001.htm...
------------------------------
...Who may qualify for a calamity loan? A currently employed, self-employed or voluntary member who is a resident of a calamity area as covered by Presidential Proclamation or as declared by the National Disaster Coordinating Council (NDCC) or the concerned Local Government Unit (LGU).
He must have paid at least a total of 24 monthly contributions throughout his membership, including two monthly contributions within the one-year period prior to filing date.He has not yet been granted a refund of contributions, retirement or total permanent disability benefits.He must be up-to-date in the payment of all member loan obligations,
including the following:» salary loan » calamity loan » emergency loan » stock investment loan » privatization fund loan » special educational loan for vocational and technical students » special educational loan for Y2K conversion training » member assistance for the development of entrepreneurship (MADE), and » housing loan granted through the SSS,
National Home Mortgage Finance Corporation (NHMFC) and Home Development Mutual Fund (Pag-IBIG). The amount of calamity loan shall be granted only to the extent that the loan being applied for plus the member's total outstanding loan balance at the time of application shall not exceed P50,000, except those of member assistance for the development of entrepreneurship (MADE) and housing loans.His employer,
if any, must be up-to-date in contributions and loan remittances.He has not been disqualified by the Social Security Commission (SSC) for having filed a fraudulent loan application with the SSS.
How will i know my sss contribution from 2001 to 2007?
How will i know my sss contribution from 2001 to 2007?
i ve start working at SM department store,then ISETAN carriedo,then,CHERRY FOODARAMA,then ISETAN cubao,and FAIRMART cubao.
The Answer : I suggest you contact the Social Security System of the Philippines for your SSS contribution directly.
SSS BuildingEast AvenueDiliman, Quezon CityPhilippines Tel. No. (632) 920-6401, 920-6446 Email: member_relations@sss.gov.ph Ask them for the nearest SSS branch in your areaOr visit their website though it is always down http://www.sss.gov.ph/ Their website has an Online Inquiry system that you can log in to access your account, though you need to know your SSS number -- if it is not in the online inquiry system, then you need to go to the nearest SSS
i ve start working at SM department store,then ISETAN carriedo,then,CHERRY FOODARAMA,then ISETAN cubao,and FAIRMART cubao.
The Answer : I suggest you contact the Social Security System of the Philippines for your SSS contribution directly.
SSS BuildingEast AvenueDiliman, Quezon CityPhilippines Tel. No. (632) 920-6401, 920-6446 Email: member_relations@sss.gov.ph Ask them for the nearest SSS branch in your areaOr visit their website though it is always down http://www.sss.gov.ph/ Their website has an Online Inquiry system that you can log in to access your account, though you need to know your SSS number -- if it is not in the online inquiry system, then you need to go to the nearest SSS
Will you be granted a Visitor's Visa even if you're not invited by your love-ones you wish to see in States?
Will you be granted a Visitor's Visa even if you're not invited by your love-ones you wish to see in States?
My wife left me in the year 1990 and got married to an American guy in 1995. She took with her our 2 kids and now I missed them so much that I wished and really wanted to see and visit them, if I could? Please share with me your similar experience? or advice? or US Embassy Requirements for a Visitor's Visa? or Visa Interview experience? Please?
The Answer : You can still go even if you're not invited by your loved ones (or ex loved ones) if you can show the US consul officers that:- You have strong ties to your country that will make you want to go back after your visit in the USA. What they want to be sure of is that you will not stay in the US and that you will go back to your country.
It can be your family, steady job, school or some other compelling reasons why you will go back. - You have sufficient funds to support your stay in the US.
They want to see proof in terms of your bank account, assets such as land or houses, and other financial proof that you will not be a burden to the US government while you are in the US.Having kids in the US, and given your circumstance, may be seen by the consul as compelling evidence that you want to stay in the US so you can be with your kids. You need to convince them that all you want is the chance to see your kids, not stay with them in the US, if you are applying for a tourist visa.
My wife left me in the year 1990 and got married to an American guy in 1995. She took with her our 2 kids and now I missed them so much that I wished and really wanted to see and visit them, if I could? Please share with me your similar experience? or advice? or US Embassy Requirements for a Visitor's Visa? or Visa Interview experience? Please?
The Answer : You can still go even if you're not invited by your loved ones (or ex loved ones) if you can show the US consul officers that:- You have strong ties to your country that will make you want to go back after your visit in the USA. What they want to be sure of is that you will not stay in the US and that you will go back to your country.
It can be your family, steady job, school or some other compelling reasons why you will go back. - You have sufficient funds to support your stay in the US.
They want to see proof in terms of your bank account, assets such as land or houses, and other financial proof that you will not be a burden to the US government while you are in the US.Having kids in the US, and given your circumstance, may be seen by the consul as compelling evidence that you want to stay in the US so you can be with your kids. You need to convince them that all you want is the chance to see your kids, not stay with them in the US, if you are applying for a tourist visa.
How to have a great business plan?What I should learn before starting my own company?Bank Loan? Years old?
How to have a great business plan?What I should learn before starting my own company?Bank Loan? Years old?
The Answer : What do you need to learn?
- understand the business that you want to get into
- skills in reaching customers and marketing the business
- technical knowhow needed to successfully run the business- management skills for the day to day operations- understanding finances and knowing how your business performs
- time management and planningBelow are some tips to make a winning business plan that can get funding:
- Money follows management.
Investors look first at the people involved in the company. If you are just starting out and don’t have relevant experience, investors expect to see that you have an experienced team of advisors and employees helping you in the business. - Make sure you “sell” the one reason your business will become profitable. - State clearly the strategies you will employ to get the word out about your business.
Your business plan must show how you will leverage the Internet, public relations, viral marketing, and other strategies to attract customers. - Present realistic estimates of the time, energy and costs of building a successful business. Do not underestimate or overestimate revenues. While investors know your numbers are simply guesses, they want to see that your numbers are within the “range of reality.”
Be careful of your financial statements: this is one area where you can easily lose credibility if presented poorly. - Benchmark similar companies to show that you’ve done your homework and researched the market.
- Your Executive Summary is your calling card. If it is not a winner, investors may not even read your entire plan. Emphasize your own as well as your team’s track record in the Executive Summary.
- Before sending your business plan to lenders and investors, send it out first to a few in order to get feedback. You’d want to correct your plan if someone tells you that you’re way off mark, rather than have a potential investor tell it to you and lose the chance to get the funding you need.
The Answer : What do you need to learn?
- understand the business that you want to get into
- skills in reaching customers and marketing the business
- technical knowhow needed to successfully run the business- management skills for the day to day operations- understanding finances and knowing how your business performs
- time management and planningBelow are some tips to make a winning business plan that can get funding:
- Money follows management.
Investors look first at the people involved in the company. If you are just starting out and don’t have relevant experience, investors expect to see that you have an experienced team of advisors and employees helping you in the business. - Make sure you “sell” the one reason your business will become profitable. - State clearly the strategies you will employ to get the word out about your business.
Your business plan must show how you will leverage the Internet, public relations, viral marketing, and other strategies to attract customers. - Present realistic estimates of the time, energy and costs of building a successful business. Do not underestimate or overestimate revenues. While investors know your numbers are simply guesses, they want to see that your numbers are within the “range of reality.”
Be careful of your financial statements: this is one area where you can easily lose credibility if presented poorly. - Benchmark similar companies to show that you’ve done your homework and researched the market.
- Your Executive Summary is your calling card. If it is not a winner, investors may not even read your entire plan. Emphasize your own as well as your team’s track record in the Executive Summary.
- Before sending your business plan to lenders and investors, send it out first to a few in order to get feedback. You’d want to correct your plan if someone tells you that you’re way off mark, rather than have a potential investor tell it to you and lose the chance to get the funding you need.
How can i increase my adsense earnings?
How can i increase my adsense earnings?
Actually what i want to ask is can this type of topic http://www.fruitsmoothierecipe.bravehost... bring me atleast $5 of earnings from adsense if i get lots of traffic? I need to know so if it won't bring me enough income, then i can focus to other topic that will bring me better adsense earnings and focus on getting traffics with this other topic instead. Please help
tHE aNSWER : In terms of earning money on Adsense, your mileage varies. One website with 10,000 uniques a day can earn $50 a month while another may earn $5,000. It is not easy to predict how much you will earn from Adsense. The only way you can learn about how your site will perform with Adsense is through trying it.One important element is the responsiveness of audience to the ads. A travel website that provides information on travel to Spain will attract visitors looking for ways to arrange their travel and spend money on their vacation to Spain.
Your site provides the info, but the ads will provide hotels, travel agencies, tourist destinations, car rentals -- ads that are likely to get the attention of the users of your site. This is a site that will most likely do well with Adsense. However, if you are a gaming website where the main purpose of the user is to play games on your site, then Adsense will not perform as well.In your website, I doubt if advertisers are competing hard for the topic of smoothies -- which means you will get low paying clicks.
Hence for Adsense to work, you need to:- focus on optimizing your Adsense implementation (the best placement and ad format)- increase traffic to your siteI suggest you setup channels in terms of ad formats and placements so you can evaluate which works out well and not. Check Google's heat map as they have tested where the best placements are https://www.google.com/support/adsense/b...
Actually what i want to ask is can this type of topic http://www.fruitsmoothierecipe.bravehost... bring me atleast $5 of earnings from adsense if i get lots of traffic? I need to know so if it won't bring me enough income, then i can focus to other topic that will bring me better adsense earnings and focus on getting traffics with this other topic instead. Please help
tHE aNSWER : In terms of earning money on Adsense, your mileage varies. One website with 10,000 uniques a day can earn $50 a month while another may earn $5,000. It is not easy to predict how much you will earn from Adsense. The only way you can learn about how your site will perform with Adsense is through trying it.One important element is the responsiveness of audience to the ads. A travel website that provides information on travel to Spain will attract visitors looking for ways to arrange their travel and spend money on their vacation to Spain.
Your site provides the info, but the ads will provide hotels, travel agencies, tourist destinations, car rentals -- ads that are likely to get the attention of the users of your site. This is a site that will most likely do well with Adsense. However, if you are a gaming website where the main purpose of the user is to play games on your site, then Adsense will not perform as well.In your website, I doubt if advertisers are competing hard for the topic of smoothies -- which means you will get low paying clicks.
Hence for Adsense to work, you need to:- focus on optimizing your Adsense implementation (the best placement and ad format)- increase traffic to your siteI suggest you setup channels in terms of ad formats and placements so you can evaluate which works out well and not. Check Google's heat map as they have tested where the best placements are https://www.google.com/support/adsense/b...
Is it possible to make 1000 $ a month with google adsense if I focus on it ?
Is it possible to make 1000 $ a month with google adsense if I focus on it ?
The Answer : MOST DEFINITELY -- some even earn $1,000 a DAY (not a month). I earn significantly more than $1,000 a month with only 1 websiteTo earn a lot from Adsense, make sure that you have the following factors right:
1. Responsiveness of audience to the ads = A travel website that provides information on travel to Spain will attract visitors looking for ways to arrange their travel and spend money on their vacation to Spain. Your site provides the info, but the ads will provide hotels, travel agencies, tourist destinations, car rentals -- ads that are likely to get the attention of the users of your site. This is a site that will most likely do well with Adsense. However, if you are a gaming website where the main purpose of the user is to play games on your site, then Adsense will not perform as well.
2. Ad format = some types of ads do better than others depending on your content and layout. In our case, large rectangles in the middle of the content is the best, while leaderboards do not generate as much as income. Skys are the worst for us. Experiment and measure the results via channels and see which formats work best for you.
3. Ad placement - check Google's heat map as they have tested where the best placements are https://www.google.com/support/adsense/b...
4. Ad colors - sometimes ads blended into the content works wonders, but sometimes ads that contrast your site colors work best
5. Number of ad units on a page = we are allowed maximum of 3 ads + 1 ad links + 1 search box on a page. Maximize the allowed number based on the resulting look of your page (you don't want an overkill of ads). Users going to your page and reading your content may ignore the banner or rectangle at the top of the page, but may click on the ad at the bottom of the article6. Smartpricing - the big unknown in Adsense. No one knows how this actually works. But it can affect the pricing of the ads on your site.
If the advertiser paid for $0.50/click - but your site is smartpriced - then the cost may be discounted lower (e.g. $0.25). So you may try to develop a site based on high paying keywords but if smartpricing gets to you, then you may not get as much per click as what you are expecting from your keywords.Here is Google's explanation of smart pricing https://adwords.google.com/support/bin/a...Google's smart pricing feature automatically adjusts the cost of a keyword-targeted content click based on its effectiveness compared to a search click.
So if our data shows that a click from a content page is less likely to turn into actionable business results -- such as online sales, registrations, phone calls, or newsletter signups -- we reduce the price you pay for that click.
Experiment with the factors above (except smartpricing, which you can't control), and see which combination works best. Remember though that not all sites do well with Adsense - even if you get gazillions of traffic but your visitors are not interested in looking for ways to spend their money, they won't be interested in your ads and won't click.
The Answer : MOST DEFINITELY -- some even earn $1,000 a DAY (not a month). I earn significantly more than $1,000 a month with only 1 websiteTo earn a lot from Adsense, make sure that you have the following factors right:
1. Responsiveness of audience to the ads = A travel website that provides information on travel to Spain will attract visitors looking for ways to arrange their travel and spend money on their vacation to Spain. Your site provides the info, but the ads will provide hotels, travel agencies, tourist destinations, car rentals -- ads that are likely to get the attention of the users of your site. This is a site that will most likely do well with Adsense. However, if you are a gaming website where the main purpose of the user is to play games on your site, then Adsense will not perform as well.
2. Ad format = some types of ads do better than others depending on your content and layout. In our case, large rectangles in the middle of the content is the best, while leaderboards do not generate as much as income. Skys are the worst for us. Experiment and measure the results via channels and see which formats work best for you.
3. Ad placement - check Google's heat map as they have tested where the best placements are https://www.google.com/support/adsense/b...
4. Ad colors - sometimes ads blended into the content works wonders, but sometimes ads that contrast your site colors work best
5. Number of ad units on a page = we are allowed maximum of 3 ads + 1 ad links + 1 search box on a page. Maximize the allowed number based on the resulting look of your page (you don't want an overkill of ads). Users going to your page and reading your content may ignore the banner or rectangle at the top of the page, but may click on the ad at the bottom of the article6. Smartpricing - the big unknown in Adsense. No one knows how this actually works. But it can affect the pricing of the ads on your site.
If the advertiser paid for $0.50/click - but your site is smartpriced - then the cost may be discounted lower (e.g. $0.25). So you may try to develop a site based on high paying keywords but if smartpricing gets to you, then you may not get as much per click as what you are expecting from your keywords.Here is Google's explanation of smart pricing https://adwords.google.com/support/bin/a...Google's smart pricing feature automatically adjusts the cost of a keyword-targeted content click based on its effectiveness compared to a search click.
So if our data shows that a click from a content page is less likely to turn into actionable business results -- such as online sales, registrations, phone calls, or newsletter signups -- we reduce the price you pay for that click.
Experiment with the factors above (except smartpricing, which you can't control), and see which combination works best. Remember though that not all sites do well with Adsense - even if you get gazillions of traffic but your visitors are not interested in looking for ways to spend their money, they won't be interested in your ads and won't click.
Monday, September 17, 2007
How do I get old debts off my credit report without waiting the 7 years?
How do I get old debts off my credit report without waiting the 7 years?
I am 20 years old and my family always moved around a lot, because my dad was military, I recently applied for a few credit cards and all of them were denied, so I decided to check my credit report. Apparently there were 2 unpaid doctor's bills for $46 and $111, obviously if I knew about them, I would've paid them, they are very low amounts. I dont believe it is fair that they should be able to haunt my credit for 7 years because I didn't even know about them. If I pay the balances, is there a way to have them removed so they no longer have a negative effect on my credit? I hope someone can help me because this is really nerve racking! Thanks! =)
The Answer : First of all, you need to understand that there are only two ways to get negative information removed from your credit reports.
1) The creditor fails to respond to a dispute investigation from the credit bureau.
2) The creditor must remove it himself.Very important!!!! Just because you pay off a debt does NOT mean it will be removed from your report. All they are required to do is show the debt paid with a zero balance. But all other negative information will stay. That includes late payments, and the fact that it was charged off and went to collections. Anyone who tells you otherwise is lying, or just plain ignorant. Therefore, here is what you need to do.
Follow the dispute process. That involves sending a letter to the credit bureau and disputing the entry. Also send a demand to validate letter to the creditor, and make them prove that this is a valid debt. See the first link below for a flowchart and info on how to do this.If this fails, you will need to contact the creditor and arrange to pay off the debt. Fortunately it's not for a great deal of money. But remember what I just said....they don't HAVE to remove the negative information.
Therefore, as part of your negotiation to pay this off, demand that the credit delete this information, and get this agreement IN WRITING! If they refuse to do it, then DO NOT pay off the debt? Remember, the whole purpose of this is to clean up your credit report. If paying it off won't do it, why on earth would you pay off the debt?
I am 20 years old and my family always moved around a lot, because my dad was military, I recently applied for a few credit cards and all of them were denied, so I decided to check my credit report. Apparently there were 2 unpaid doctor's bills for $46 and $111, obviously if I knew about them, I would've paid them, they are very low amounts. I dont believe it is fair that they should be able to haunt my credit for 7 years because I didn't even know about them. If I pay the balances, is there a way to have them removed so they no longer have a negative effect on my credit? I hope someone can help me because this is really nerve racking! Thanks! =)
The Answer : First of all, you need to understand that there are only two ways to get negative information removed from your credit reports.
1) The creditor fails to respond to a dispute investigation from the credit bureau.
2) The creditor must remove it himself.Very important!!!! Just because you pay off a debt does NOT mean it will be removed from your report. All they are required to do is show the debt paid with a zero balance. But all other negative information will stay. That includes late payments, and the fact that it was charged off and went to collections. Anyone who tells you otherwise is lying, or just plain ignorant. Therefore, here is what you need to do.
Follow the dispute process. That involves sending a letter to the credit bureau and disputing the entry. Also send a demand to validate letter to the creditor, and make them prove that this is a valid debt. See the first link below for a flowchart and info on how to do this.If this fails, you will need to contact the creditor and arrange to pay off the debt. Fortunately it's not for a great deal of money. But remember what I just said....they don't HAVE to remove the negative information.
Therefore, as part of your negotiation to pay this off, demand that the credit delete this information, and get this agreement IN WRITING! If they refuse to do it, then DO NOT pay off the debt? Remember, the whole purpose of this is to clean up your credit report. If paying it off won't do it, why on earth would you pay off the debt?
Free Credit Reports ! Credit reports?
Free Credit Reports ! Credit reports?
I need to get my credit report and i dont have a credit card how can i do this online if you know any sites that will let me do this please let me know
The Answer : Come on folks!!!This question has been answered many dozens of times! If you don't know the answer research it! Quit guessing!!!The ONLY place you can get a free credit report is by going to http://www.annualcreditreport.com...Every other site will require you to pay for it.
I need to get my credit report and i dont have a credit card how can i do this online if you know any sites that will let me do this please let me know
The Answer : Come on folks!!!This question has been answered many dozens of times! If you don't know the answer research it! Quit guessing!!!The ONLY place you can get a free credit report is by going to http://www.annualcreditreport.com...Every other site will require you to pay for it.
Will my credit score be repaired?
Will my credit score be repaired?
I settled an dispute with verizon becuase they had sold my debt to a collector and now the collector damaged my credit score which is what I do not get since everything was fixed between me and Verizon. I recently paid the amount the collection agency wanted however the dispute was settled over 3 months ago. I just want to know how i can demand the collection agency to fix my credit score Since the problem had already been fixed. I just unfair that an $80 loan took 110 point off my credit score.
The Answer : The problem is once you have paid off a collection debt, all they are required to do is show "paid" on your credit history. But all of the information about charge-offs and collections is still there.Therefore, you just paid off a debt and it's not going to do a whole lot to fix your credit. True, you can put a statement on your records but those statements are NEVER included into your credit scores. True, you can dispute it (probably your only chance now) and hope that they don't verify the debt. If so, it will remain on your records.You can try contacting the collection agency and ask them to delete it, but that's not likely either. Like, do you really think a collection agent is going to help you out....especially now that they already have your money?Lesson learned, you need to get the collection agent to agree IN WRITING to delete the entry once you have paid the debt. Otherwise, do not pay it. Why pay a debt and still have bad credit?
Chapter 13 Bankruptcy Questions?
Chapter 13 Bankruptcy Questions?
1 - Can a person file for Chapter 13 bankruptcy after already having had filed for Chapter 7 bankruptcy in the past (it was discharged several years ago)
.2) Can a person buy a house while in a Chapter 13 bankruptcy?
3) Can anyone recommend a bankruptcy attorney in the Cleveland, OH area that will file a case with only a downpayment, rather than the whole filing fee/attorney's costs upfront? Thank you.
The Answer : I have to disagree with the Spiffman's answer.The new bankruptcy law changed the rules for refiling. If you have a chapter 7 an wish to file a new chapter 13 case, you must wait for 4 years from the date of the discharge of your previous BK.In researching this, there was a blurb about a change currently going through congress that would extend this to 8 years. I have not found any evidence to this yet but i'm still looking. As for a mortgage, it is extremely difficult to get a mortgage while you are in your chapter 13 plan. The ideas is that all of your disposable income is supposed to go toward your past debts, so your trustee is going to be upset to learn you have enough to by a brand new house????All of your creditors are going to dispute any such loan. But it does happen...you need to get it approved by the trustee and the court.As for paying...there are a lot of BK attorneys who will charge you a few hundred dollars up front to cover the filing fees. The rest of their fee is rolled into your Chapter 13 plan. At least most of the ones I've talked to do it.
1 - Can a person file for Chapter 13 bankruptcy after already having had filed for Chapter 7 bankruptcy in the past (it was discharged several years ago)
.2) Can a person buy a house while in a Chapter 13 bankruptcy?
3) Can anyone recommend a bankruptcy attorney in the Cleveland, OH area that will file a case with only a downpayment, rather than the whole filing fee/attorney's costs upfront? Thank you.
The Answer : I have to disagree with the Spiffman's answer.The new bankruptcy law changed the rules for refiling. If you have a chapter 7 an wish to file a new chapter 13 case, you must wait for 4 years from the date of the discharge of your previous BK.In researching this, there was a blurb about a change currently going through congress that would extend this to 8 years. I have not found any evidence to this yet but i'm still looking. As for a mortgage, it is extremely difficult to get a mortgage while you are in your chapter 13 plan. The ideas is that all of your disposable income is supposed to go toward your past debts, so your trustee is going to be upset to learn you have enough to by a brand new house????All of your creditors are going to dispute any such loan. But it does happen...you need to get it approved by the trustee and the court.As for paying...there are a lot of BK attorneys who will charge you a few hundred dollars up front to cover the filing fees. The rest of their fee is rolled into your Chapter 13 plan. At least most of the ones I've talked to do it.
Credit limits?
Credit limits?
I have good credit. Will increasing my limits on my cards improve my credit rating?
The Answer : Too bad these people can't take a few moments to research their answers.While it is true that having too high of a credit limit will hurt your score, having low credit limits also reflects the fact that creditors to not trust you and are afraid to offer you credit. That will also have a negative impact.Therefore, you do need to request higher credit limits. Just don't overdo it. There is no reason for someone making $50k a year to have $100k in credit limits! Go to http://www.myfico.com and read their consumer education material. This is the site of the folks who developed the credit scoring system.
Sunday, September 16, 2007
Does any one have a really good solution for lots of debt?
Does any one have a really good solution for lots of debt?
am only 22 and have about $16,000 in debt. Alot of people say that's nothing but to me that is alot of money. I am really desperate cause I only feel myself falling more in debt. I am married and he takes care of everything, all the bills and anything that has to do with our baby. I pay for all my debt that was built up when I was single, I feel it's only fair that I pay for it since it was me that did the deed. So if anyone knows of something or someone that can help get out of debt quick, let me know.
The Answer : There are a lot of variables in this one....The debts you are referring to were incurred prior to your marriage, right? This could be used as leverage because they can not take joint property (in most states). If you have a job they can garnish your wages, but not your husbands. So by using this fact, you could negotiate a settlement for a lower balance.How old are the debts? After a certain amount of time the can not collect them. The average time is around 6 years. Check on the Statute of Limitations in your state.Because of all these factors, you need to either research this a bit, or check with a debt counselor. This is one of the few times I ever recommend it, but what you need is a plan of action, and learn how to organize your debts and learn which ones to pay and which to ignore. You are right. Having a debt of $12k doesn't sound like a lot to these better-then-thou folks who have jobs and lots of piss away money. But to many people who may have been layed off, had medical emergencies, or some other disaster happen in their lives, it's a fortune! Collection agents don't understand this...they don't want excuses, only your money. Anything short of this and you are a deadbeat!
Credit report disaster: Originally I owe approx.5K in debt now it's 30K because I couldn't work or pay HELP!
Credit report disaster: Originally I owe approx.5K in debt now it's 30K because I couldn't work or pay HELP!
Compound interest has made it impossible for me to pay off debt. There is no way I can pay now that I can work. I don't know where to turn to. I wish to pay only my original debt. I want to do this without filing for bankruptcy. What can I do?
The Answer : There is no way a collection agent can justify adding that much to the original debt. Therefore, your very first step is to send them a letter and demand validation. Make them show how the calculate this amount.I was helping someone with a similar problem. Collection agency sent a demand for $6000. I had them send for validation....and got nothing back. Two months later another collection agency send her a letter....for $9000. Sent another letter, this time pointing out that they were obviously in error and risked a lawsuit for fraud.. Next letter now claimed the amount was $6500 but still didn't validate the debt with any proof. So we sent yet another letter to them. No response....one month later we get another letter from a 3rd collection agency! Yup...differant amount. Make them prove it!
Compound interest has made it impossible for me to pay off debt. There is no way I can pay now that I can work. I don't know where to turn to. I wish to pay only my original debt. I want to do this without filing for bankruptcy. What can I do?
The Answer : There is no way a collection agent can justify adding that much to the original debt. Therefore, your very first step is to send them a letter and demand validation. Make them show how the calculate this amount.I was helping someone with a similar problem. Collection agency sent a demand for $6000. I had them send for validation....and got nothing back. Two months later another collection agency send her a letter....for $9000. Sent another letter, this time pointing out that they were obviously in error and risked a lawsuit for fraud.. Next letter now claimed the amount was $6500 but still didn't validate the debt with any proof. So we sent yet another letter to them. No response....one month later we get another letter from a 3rd collection agency! Yup...differant amount. Make them prove it!
Hi i have a question please...my friend has a credit card debt and loan around $60000.00 and now she is?
Hi i have a question please...my friend has a credit card debt and loan around $60000.00 and now she is?
going back to china and never returning to the usa cause of some immigration issue is it gonna be a problem?is she going to go to jail or something?
The Answer : They don't throw people in prison for debts in this country, unless they can prove fraud. Did your friend take out a loan with the intent of not paying it? I don't think so.......If she comes back to this country they will be able to attempt to collect. In America, credit card companies loan lots of money to people who they know can't really afford to pay them back. So they get lots of defaulted loans. And there are millions of people who enjoy seeing their rates increased to help cover these losses. Meanwhile, the banking industry enjoys record profits in the billions of dollars!
going back to china and never returning to the usa cause of some immigration issue is it gonna be a problem?is she going to go to jail or something?
The Answer : They don't throw people in prison for debts in this country, unless they can prove fraud. Did your friend take out a loan with the intent of not paying it? I don't think so.......If she comes back to this country they will be able to attempt to collect. In America, credit card companies loan lots of money to people who they know can't really afford to pay them back. So they get lots of defaulted loans. And there are millions of people who enjoy seeing their rates increased to help cover these losses. Meanwhile, the banking industry enjoys record profits in the billions of dollars!
About Dept & Credit . . . What do i do now?????
About Dept & Credit . . . What do i do now?????
I paid off all my debt. I got a secured credit card for about 1 year and i charge it and then pay it off before the end of the month when they report to the beurus. really i only charge it so that way they keep reporting it. by the time they report i usually have a balance of 5-10 dollars. For the last (almost year) i have not only made the payments for my car on time but made many many extra payments to knock down the princible. Today i pulled my credit and i am at Experian 573Equifax 596Transunion 583what can i do to boost my score. i would like to be at least average. :)
No i do not have student loans. EVERYTHING is paid. I know one thing. if you do not charge on the card they will not report it. then the account looks stale lowering your score.Having a balance of 5 dollars on a credit card is not bad. it does not mean your in debt what they are looking for is having a high amount of credit you are approved for and not usuing it. so the more you have avaible and not use the better your score is. Pulling your own file does not make your credit score drop. that is credit 101.the bill is not due until the 5th of every month they report around the 27th. i make sure my payments are cashed around the 25th thus it is paid before they ask for it. I am looking for what i can do next. pointers to raise it. i know how not to screw it up i have spent the last year fixing it. the question was..... now what.
The Answer : What moron gave you a keyboard? Where in the world did you come up what that answer? It's not even close to reality!OK, my first thought is something is on your credit report. Do you have some negative stuff on it? You make comments about paying off your old debt, does that mean they were in collection? Have you only been working 1 year to repair it?Without looking over your report I can't really answer this one. I have two suggestions.Go to http://www.myfico.com/12 and order their credit report and score. It costs about $44 but with this site you will be given your report, scores, PLUS the reason codes that are on your report that discuss why your report is low. This will give you a roadmap on what needs to be fixed. Then go to http://www.lifeafterbankruptcy.com...When you get their, goto their past newsletters and find the ones that discuss the 24 steps to follow to increase your credit score. It's sort of a process that takes a couple years, but will dramatically improve your score along the way. This information is free. I highly recommend the site.Good luck. Contact me if you need more info. I think you have some bad items on your report that need to be fixed.
I paid off all my debt. I got a secured credit card for about 1 year and i charge it and then pay it off before the end of the month when they report to the beurus. really i only charge it so that way they keep reporting it. by the time they report i usually have a balance of 5-10 dollars. For the last (almost year) i have not only made the payments for my car on time but made many many extra payments to knock down the princible. Today i pulled my credit and i am at Experian 573Equifax 596Transunion 583what can i do to boost my score. i would like to be at least average. :)
No i do not have student loans. EVERYTHING is paid. I know one thing. if you do not charge on the card they will not report it. then the account looks stale lowering your score.Having a balance of 5 dollars on a credit card is not bad. it does not mean your in debt what they are looking for is having a high amount of credit you are approved for and not usuing it. so the more you have avaible and not use the better your score is. Pulling your own file does not make your credit score drop. that is credit 101.the bill is not due until the 5th of every month they report around the 27th. i make sure my payments are cashed around the 25th thus it is paid before they ask for it. I am looking for what i can do next. pointers to raise it. i know how not to screw it up i have spent the last year fixing it. the question was..... now what.
The Answer : What moron gave you a keyboard? Where in the world did you come up what that answer? It's not even close to reality!OK, my first thought is something is on your credit report. Do you have some negative stuff on it? You make comments about paying off your old debt, does that mean they were in collection? Have you only been working 1 year to repair it?Without looking over your report I can't really answer this one. I have two suggestions.Go to http://www.myfico.com/12 and order their credit report and score. It costs about $44 but with this site you will be given your report, scores, PLUS the reason codes that are on your report that discuss why your report is low. This will give you a roadmap on what needs to be fixed. Then go to http://www.lifeafterbankruptcy.com...When you get their, goto their past newsletters and find the ones that discuss the 24 steps to follow to increase your credit score. It's sort of a process that takes a couple years, but will dramatically improve your score along the way. This information is free. I highly recommend the site.Good luck. Contact me if you need more info. I think you have some bad items on your report that need to be fixed.
How do I get old debts off my credit report without waiting the 7 years?
How do I get old debts off my credit report without waiting the 7 years?
I am 20 years old and my family always moved around a lot, because my dad was military, I recently applied for a few credit cards and all of them were denied, so I decided to check my credit report. Apparently there were 2 unpaid doctor's bills for $46 and $111, obviously if I knew about them, I would've paid them, they are very low amounts. I dont believe it is fair that they should be able to haunt my credit for 7 years because I didn't even know about them. If I pay the balances, is there a way to have them removed so they no longer have a negative effect on my credit? I hope someone can help me because this is really nerve racking! Thanks! =)
The Answer : First of all, you need to understand that there are only two ways to get negative information removed from your credit reports.1) The creditor fails to respond to a dispute investigation from the credit bureau.2) The creditor must remove it himself.Very important!!!! Just because you pay off a debt does NOT mean it will be removed from your report. All they are required to do is show the debt paid with a zero balance. But all other negative information will stay. That includes late payments, and the fact that it was charged off and went to collections. Anyone who tells you otherwise is lying, or just plain ignorant. Therefore, here is what you need to do.Follow the dispute process. That involves sending a letter to the credit bureau and disputing the entry. Also send a demand to validate letter to the creditor, and make them prove that this is a valid debt. See the first link below for a flowchart and info on how to do this.If this fails, you will need to contact the creditor and arrange to pay off the debt. Fortunately it's not for a great deal of money. But remember what I just said....they don't HAVE to remove the negative information.Therefore, as part of your negotiation to pay this off, demand that the credit delete this information, and get this agreement IN WRITING! If they refuse to do it, then DO NOT pay off the debt? Remember, the whole purpose of this is to clean up your credit report. If paying it off won't do it, why on earth would you pay off the debt?
I am 20 years old and my family always moved around a lot, because my dad was military, I recently applied for a few credit cards and all of them were denied, so I decided to check my credit report. Apparently there were 2 unpaid doctor's bills for $46 and $111, obviously if I knew about them, I would've paid them, they are very low amounts. I dont believe it is fair that they should be able to haunt my credit for 7 years because I didn't even know about them. If I pay the balances, is there a way to have them removed so they no longer have a negative effect on my credit? I hope someone can help me because this is really nerve racking! Thanks! =)
The Answer : First of all, you need to understand that there are only two ways to get negative information removed from your credit reports.1) The creditor fails to respond to a dispute investigation from the credit bureau.2) The creditor must remove it himself.Very important!!!! Just because you pay off a debt does NOT mean it will be removed from your report. All they are required to do is show the debt paid with a zero balance. But all other negative information will stay. That includes late payments, and the fact that it was charged off and went to collections. Anyone who tells you otherwise is lying, or just plain ignorant. Therefore, here is what you need to do.Follow the dispute process. That involves sending a letter to the credit bureau and disputing the entry. Also send a demand to validate letter to the creditor, and make them prove that this is a valid debt. See the first link below for a flowchart and info on how to do this.If this fails, you will need to contact the creditor and arrange to pay off the debt. Fortunately it's not for a great deal of money. But remember what I just said....they don't HAVE to remove the negative information.Therefore, as part of your negotiation to pay this off, demand that the credit delete this information, and get this agreement IN WRITING! If they refuse to do it, then DO NOT pay off the debt? Remember, the whole purpose of this is to clean up your credit report. If paying it off won't do it, why on earth would you pay off the debt?
Saturday, September 15, 2007
Is it common for a half double home to be sold? One owner owns one side other owns other? Does that make sense
Is it common for a half double home to be sold? One owner owns one side other owns other? Does that make sense
Just curious because if its half of a double house, then one owner owns one side and the other owns the other and its attach, how is this possible?Some more information someone told me about, Picture a full house divided down the middle w/ each> side a mirror image.YesDouble block homes are one large structure divided in halfhouse attached to the neighboring house?Either way I am interesting in this, can it be legal?I am sure it is, but having a half double house, and then on the direct side is another half double?
The Answer : Lol, no it can not be done in where physical division is what causes the ownership. A mobile or manufactured home is a motor vehicle and as such both halves have one title and the title can not be divided and two titles for each half issued.
Just curious because if its half of a double house, then one owner owns one side and the other owns the other and its attach, how is this possible?Some more information someone told me about, Picture a full house divided down the middle w/ each> side a mirror image.YesDouble block homes are one large structure divided in halfhouse attached to the neighboring house?Either way I am interesting in this, can it be legal?I am sure it is, but having a half double house, and then on the direct side is another half double?
The Answer : Lol, no it can not be done in where physical division is what causes the ownership. A mobile or manufactured home is a motor vehicle and as such both halves have one title and the title can not be divided and two titles for each half issued.
How do we go about buying a house on a lower income?
How do we go about buying a house on a lower income?
My fiance and I are trying to find and buy our first home. We are getting married in March and would like to have a home of our own. We are both fairly young and do not have a large income. He has taken on the responsibility of raising my two daughters with me and is our main source of income. We know there are ways out there for low income families to buy homes but have not been successful in finding those sources on our own. Rent in our area is very high so we are currently living with his parents. We would greatly appreciate all suggestions or help anyone can give us!!!!
The Answer : Each state has programs available to folks like you, in addition the federal government has programs that can help you out. You will need to search your state's web site for the programs available in your state, you can do that by going to this link and finding your areaAll US States Constitutions and Web sites: http://www.constitution.org/cons/usstcon... Search for cities & Counties in the US: http://www.naco.org/template.cfm?section...In addition here are links that you can research for low income programsFHA Federal Housing Administration loan programs: http://www.fha.com/ FHA Rural Housing loan programs: http://www.rurdev.usda.gov/rhs/common/in... US Government Housing assistance grants all areas:http://12.46.245.173/pls/portal30/catalo...US Federal Domestic Assistance catalog for all Federal Programs available to State & Local Governments & the Publichttp://12.46.245.173/cfda/cfda.html... All government Benefit Programs http://www.govbenefits.gov/govbenefits_e... Low Income Home Purchase Assistance (Private): http://www.nehemiahcorp.org/ AFFORDABLE HOUSING CONTACT LIST FROM REALTOR.COM US GOVERNMENT AND ALL STATES: http://www.homefair.com/homefair/servlet... Low income housing assistance (private) Habitat for Humanity: http://www.habitat.org/USDA Rural Housing programs & eligibility requirements: http://eligibility.sc.egov.usda.gov/elig... Finding out what benefits you are eligible for, with the US Governmenthttp://www.govbenefits.gov/govbenefits_e...That should give you some direction as to what is available to you and your fiance. I wish you the best of luck
My fiance and I are trying to find and buy our first home. We are getting married in March and would like to have a home of our own. We are both fairly young and do not have a large income. He has taken on the responsibility of raising my two daughters with me and is our main source of income. We know there are ways out there for low income families to buy homes but have not been successful in finding those sources on our own. Rent in our area is very high so we are currently living with his parents. We would greatly appreciate all suggestions or help anyone can give us!!!!
The Answer : Each state has programs available to folks like you, in addition the federal government has programs that can help you out. You will need to search your state's web site for the programs available in your state, you can do that by going to this link and finding your areaAll US States Constitutions and Web sites: http://www.constitution.org/cons/usstcon... Search for cities & Counties in the US: http://www.naco.org/template.cfm?section...In addition here are links that you can research for low income programsFHA Federal Housing Administration loan programs: http://www.fha.com/ FHA Rural Housing loan programs: http://www.rurdev.usda.gov/rhs/common/in... US Government Housing assistance grants all areas:http://12.46.245.173/pls/portal30/catalo...US Federal Domestic Assistance catalog for all Federal Programs available to State & Local Governments & the Publichttp://12.46.245.173/cfda/cfda.html... All government Benefit Programs http://www.govbenefits.gov/govbenefits_e... Low Income Home Purchase Assistance (Private): http://www.nehemiahcorp.org/ AFFORDABLE HOUSING CONTACT LIST FROM REALTOR.COM US GOVERNMENT AND ALL STATES: http://www.homefair.com/homefair/servlet... Low income housing assistance (private) Habitat for Humanity: http://www.habitat.org/USDA Rural Housing programs & eligibility requirements: http://eligibility.sc.egov.usda.gov/elig... Finding out what benefits you are eligible for, with the US Governmenthttp://www.govbenefits.gov/govbenefits_e...That should give you some direction as to what is available to you and your fiance. I wish you the best of luck
Trying to sell my home FOR SALE BY OWNER, anyone done succussfully want to share pros and cons?
Trying to sell my home FOR SALE BY OWNER, anyone done succussfully want to share pros and cons?
I have a condo in and have never sold a home. I have listed on some free sites (owners.com, Craigslist), with some nice digital photos. I just wonder if I am in over my head as it even generating brochures seems time consuming. I have signs posted, but don't know if I should go ahead and get an agent, and if so, what should I be looking for to see they earn their money?
The Answer : A real estate agent is not merely a marketing professional they are for all practical purposes your business partners since they will receive as their compensation a percentage of the sale price you receive so they will attempt to market your property for the most that they know the market will bear. In addition the agent needs to keep you and themselves out of court and make sure that all the paper work is completed correctly and that it represents the true meeting of the minds between the buyer and the seller. In addition they are required by law to make sure that both the buyers and the sellers receive certain disclosures that are in most cases required by state and or federal law which if not done properly can carry hefty penalties to either the seller and or the buyer. Just to prove the point here is a list of the required disclosures in the state of CaliforniaDisclosure of known or should have known facts by agents.http://www.calif-legal.com/articles/mar_...All required real estate disclosures by lawhttp://www.dre.cahwnet.gov/disclosures.h... Here is what the government's opinions are on buying and selling with and without an agentHUD Tips on selling your home(With a realtor, without one)http://www.hud.gov/selling/index.cfm...Finally here is what the buyers are told by the government that they need to consider when buying a home and that you will need to know as a seller so you can answer their questionsHUD 100 questions and answers on buying a homehttp://www.hud.gov/offices/hsg/sfh/buyin... I've been in the real estate business since the mid 70's and I have seen good intentions turn out to be nightmares when someone decides that they don't need the education, and experience that a licensed agent can provide so I really do recommend that in the worst scenario you get a qualified real estate attorney if you decide not to use a real estate agent to help you in the selling of your property.I wish you the best of luck
I have a condo in and have never sold a home. I have listed on some free sites (owners.com, Craigslist), with some nice digital photos. I just wonder if I am in over my head as it even generating brochures seems time consuming. I have signs posted, but don't know if I should go ahead and get an agent, and if so, what should I be looking for to see they earn their money?
The Answer : A real estate agent is not merely a marketing professional they are for all practical purposes your business partners since they will receive as their compensation a percentage of the sale price you receive so they will attempt to market your property for the most that they know the market will bear. In addition the agent needs to keep you and themselves out of court and make sure that all the paper work is completed correctly and that it represents the true meeting of the minds between the buyer and the seller. In addition they are required by law to make sure that both the buyers and the sellers receive certain disclosures that are in most cases required by state and or federal law which if not done properly can carry hefty penalties to either the seller and or the buyer. Just to prove the point here is a list of the required disclosures in the state of CaliforniaDisclosure of known or should have known facts by agents.http://www.calif-legal.com/articles/mar_...All required real estate disclosures by lawhttp://www.dre.cahwnet.gov/disclosures.h... Here is what the government's opinions are on buying and selling with and without an agentHUD Tips on selling your home(With a realtor, without one)http://www.hud.gov/selling/index.cfm...Finally here is what the buyers are told by the government that they need to consider when buying a home and that you will need to know as a seller so you can answer their questionsHUD 100 questions and answers on buying a homehttp://www.hud.gov/offices/hsg/sfh/buyin... I've been in the real estate business since the mid 70's and I have seen good intentions turn out to be nightmares when someone decides that they don't need the education, and experience that a licensed agent can provide so I really do recommend that in the worst scenario you get a qualified real estate attorney if you decide not to use a real estate agent to help you in the selling of your property.I wish you the best of luck
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