Comments on: Experts answer your credit questions http://blogs.ajc.com/business-beat/2009/07/27/experts-answer-your-credit-questions/ Get inside Atlanta\'s and national business news and how it affects you. Sat, 11 Feb 2012 03:16:35 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Melissa http://blogs.ajc.com/business-beat/2009/07/27/experts-answer-your-credit-questions/comment-page-1/#comment-1375 Melissa Tue, 28 Jul 2009 20:05:10 +0000 http://blogs.ajc.com/business-beat/?p=1114#comment-1375 We really need to bring our voices together all in one place and show that there are enough people out there that are having bad experiences with the lack of participation with these programs. If lenders really are modifying mortgages, I think they need to tell us and if there are additional qualification requirements that are affecting homeowners we need to know that too. PLEASE SIGN this petition!!! We’re off to a slow start but once we gain momentum and have hundreds of thousands of signatures they won’t be able to turn a blind eye: http://www.petitiononline.com/afford/ We really need to bring our voices together all in one place and show that there are enough people out there that are having bad experiences with the lack of participation with these programs. If lenders really are modifying mortgages, I think they need to tell us and if there are additional qualification requirements that are affecting homeowners we need to know that too. PLEASE SIGN this petition!!! We’re off to a slow start but once we gain momentum and have hundreds of thousands of signatures they won’t be able to turn a blind eye: http://www.petitiononline.com/afford/

]]> By: Jane http://blogs.ajc.com/business-beat/2009/07/27/experts-answer-your-credit-questions/comment-page-1/#comment-1365 Jane Tue, 28 Jul 2009 14:13:43 +0000 http://blogs.ajc.com/business-beat/?p=1114#comment-1365 You can get your free annual credit reports online, but you can also call 1-877-322-8228. You can get your free annual credit reports online, but you can also call 1-877-322-8228.

]]> By: @ janisha http://blogs.ajc.com/business-beat/2009/07/27/experts-answer-your-credit-questions/comment-page-1/#comment-1359 @ janisha Tue, 28 Jul 2009 00:59:41 +0000 http://blogs.ajc.com/business-beat/?p=1114#comment-1359 It depends on when you sent your last payment...the statute of limitations "clock" starts then. They can only keep the account(s) on your report for 7 years (longer for judgements or bankruptcies). I would guess that the collectors are from one of the bottom feeders who do not have any documentation on the debt. You could send then a cease & desist letter telling them not to contact you in anyway or ask them to validate the debt (even though they will tell you that you had 30 days from their first contact to ask for validation). If they are outside the SOL, which I believe is 6 years in GA for credit cards, you have a defense to any lawsuit they would be stupid enough to file & have the suit dismissed before it ever gets to court. Do some research, goggle FDCPA, FCRA & the name of the collection agency. It depends on when you sent your last payment…the statute of limitations “clock” starts then. They can only keep the account(s) on your report for 7 years (longer for judgements or bankruptcies). I would guess that the collectors are from one of the bottom feeders who do not have any documentation on the debt. You could send then a cease & desist letter telling them not to contact you in anyway or ask them to validate the debt (even though they will tell you that you had 30 days from their first contact to ask for validation). If they are outside the SOL, which I believe is 6 years in GA for credit cards, you have a defense to any lawsuit they would be stupid enough to file & have the suit dismissed before it ever gets to court. Do some research, goggle FDCPA, FCRA & the name of the collection agency.

]]> By: clyde http://blogs.ajc.com/business-beat/2009/07/27/experts-answer-your-credit-questions/comment-page-1/#comment-1357 clyde Mon, 27 Jul 2009 23:14:55 +0000 http://blogs.ajc.com/business-beat/?p=1114#comment-1357 I have a credit card with zero balance,no mortgage,and no other debt,and it's going to stay that way and the credit bureaus can lower my rating to zero if they so desire.I am going to slide through this recession/depression without spending any money other than on bare necessities.I just put my auto/house insurance on monthly payments.It costs a little more but I don't want to be paid in full to an insurance company that may go out of business. I have a credit card with zero balance,no mortgage,and no other debt,and it’s going to stay that way and the credit bureaus can lower my rating to zero if they so desire.I am going to slide through this recession/depression without spending any money other than on bare necessities.I just put my auto/house insurance on monthly payments.It costs a little more but I don’t want to be paid in full to an insurance company that may go out of business.

]]> By: Read the contract! http://blogs.ajc.com/business-beat/2009/07/27/experts-answer-your-credit-questions/comment-page-1/#comment-1355 Read the contract! Mon, 27 Jul 2009 20:08:36 +0000 http://blogs.ajc.com/business-beat/?p=1114#comment-1355 To Stiffback - take a look at the original contract you signed when you got your car loan. Unless it's a subprime loan from a very shady lender I can't imagine the addition of a $10 fee being legal. The terms you originally signed for should continue on to the new lender unless they send you a "change in terms"...in which case you would have had a time period to "opt out". You should look at getting a LOC and a local credit union. They will treat you right! To Stiffback – take a look at the original contract you signed when you got your car loan. Unless it’s a subprime loan from a very shady lender I can’t imagine the addition of a $10 fee being legal. The terms you originally signed for should continue on to the new lender unless they send you a “change in terms”…in which case you would have had a time period to “opt out”.

You should look at getting a LOC and a local credit union. They will treat you right!

]]> By: abc http://blogs.ajc.com/business-beat/2009/07/27/experts-answer-your-credit-questions/comment-page-1/#comment-1349 abc Mon, 27 Jul 2009 15:44:10 +0000 http://blogs.ajc.com/business-beat/?p=1114#comment-1349 Clark Howard's message board titled debt will give you much more accurate information than these guys. Clark Howard’s message board titled debt will give you much more accurate information than these guys.

]]> By: janisha http://blogs.ajc.com/business-beat/2009/07/27/experts-answer-your-credit-questions/comment-page-1/#comment-1346 janisha Mon, 27 Jul 2009 15:18:27 +0000 http://blogs.ajc.com/business-beat/?p=1114#comment-1346 I had some credit card debts from 2000 that I could not payoff. Those debts were repeatedly sold to the collection agencies who are mailing me and telling me to pay off. How long can they do that? Thank you for help. I had some credit card debts from 2000 that I could not payoff. Those debts were repeatedly sold to the collection agencies who are mailing me and telling me to pay off. How long can they do that? Thank you for help.

]]> By: Mserica http://blogs.ajc.com/business-beat/2009/07/27/experts-answer-your-credit-questions/comment-page-1/#comment-1345 Mserica Mon, 27 Jul 2009 15:07:01 +0000 http://blogs.ajc.com/business-beat/?p=1114#comment-1345 I had and bank of america account about 4 years ago and this account was with my exhusband. And right now I can not open an bank account right now because they say I need to send a dispute letter because the account closed and charged off by the contributor, in whole or in part, via an automated process, where the contributor has recorded a loss and where the Contributor does not, or is not able to identify the closing of the account as due to account abuse or fraud. What do you recommend? I had and bank of america account about 4 years ago and this account was with my exhusband. And right now I can not open an bank account right now because they say I need to send a dispute letter because the account closed and charged off by the contributor, in whole or in part, via an automated process, where the contributor has recorded a loss and where the Contributor does not, or is not able to identify the closing of the account as due to account abuse or fraud. What do you recommend?

]]> By: Dee http://blogs.ajc.com/business-beat/2009/07/27/experts-answer-your-credit-questions/comment-page-1/#comment-1344 Dee Mon, 27 Jul 2009 15:00:49 +0000 http://blogs.ajc.com/business-beat/?p=1114#comment-1344 Visit annualcreditreport.com to view and/or print a FREE copies of your credit reports from each of the 3 major credit reporting companies. I printed mine out last night and am glad that I did because there were at least 6 accounts on my Experian report that I know did not come from me. Visit annualcreditreport.com to view and/or print a FREE copies of your credit reports from each of the 3 major credit reporting companies. I printed mine out last night and am glad that I did because there were at least 6 accounts on my Experian report that I know did not come from me.

]]> By: Michelle http://blogs.ajc.com/business-beat/2009/07/27/experts-answer-your-credit-questions/comment-page-1/#comment-1342 Michelle Mon, 27 Jul 2009 14:37:44 +0000 http://blogs.ajc.com/business-beat/?p=1114#comment-1342 Why is that a revolving account is much better than a car or personal loan? I have been making payments for two years on car loan and personal loan but it does not give me more points than a revolving account. Why is that a revolving account is much better than a car or personal loan? I have been making payments for two years on car loan and personal loan but it does not give me more points than a revolving account.

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