Posts Tagged Money
my bf had a dui and owes about 1000 in fees to the court.he hasnt been paying?
Posted by admin in Law Enforcement & Police on August 31, 2010
rubie asked:
for about a year now….it was 1250 but he got back 250 for state return and it went to that. I want to know if they can garnish his wages or if they can just take money out of his checking account. If so, which would they go for firsT? This is his second DUI…his first DUI he didnt pay for for about three years…each year he didnt get his state return and it was just deducted…previous years his state was 500-600…so it took about three years to pay it off…..please help! Would they report him to the credit bureau for non payment? cuz they didnt’ for his first dui
Nicholas
for about a year now….it was 1250 but he got back 250 for state return and it went to that. I want to know if they can garnish his wages or if they can just take money out of his checking account. If so, which would they go for firsT? This is his second DUI…his first DUI he didnt pay for for about three years…each year he didnt get his state return and it was just deducted…previous years his state was 500-600…so it took about three years to pay it off…..please help! Would they report him to the credit bureau for non payment? cuz they didnt’ for his first dui
Nicholas
The High Cost of a Bad Check
Morgan Hamilton asked:
Writing a bad check can really be a tough predicament. It can happen to anyone, even those who that make an effort of taking care of their money. Poor budgeting and impulsive thinking are the most common root of this financial problem. If you happen to blunder into this situation, acting quickly to resolve this problem is critical because this mistake can be costly.
While a single bad check may not be too much of a problem, a number of them can cause havoc on your budget. You have to pay a bank fee which can range from twenty to thirty dollars or more. You may also have to pay the same price to the person or store for the inconvenience you have caused.
If your bad checks pile up, your bank account will quickly go into negative numbers and your bank may ultimately decide that you are a huge risk and close your account completely. Opening a new account will not be possible unless you repay the balance of your previous account and your bouncing check will recorded on ChexSystems alerting other banks of your infractions
Your problems can also worsen if establishments resort to legal action to retrieve their money. You may receive a call from companies that specialize in recovering bad checks, reminding you to resolve the problems with their clients as soon as possible. Bad checks will not affect only your finical situation; your reputation can also be destroyed as well. Banks will be reluctant to do any business with you and it will also diminish of job opportunities that will be available to you.
Try to avoid writing bad checks as much as you can. The problems that plague you after writing one can plague you for a long time. If an accident does happen, try to work out the problem as quickly as you can. Your future and reputation are at stake so always keep an eye out to keep your financial situation healthy.
Mary
Writing a bad check can really be a tough predicament. It can happen to anyone, even those who that make an effort of taking care of their money. Poor budgeting and impulsive thinking are the most common root of this financial problem. If you happen to blunder into this situation, acting quickly to resolve this problem is critical because this mistake can be costly.
While a single bad check may not be too much of a problem, a number of them can cause havoc on your budget. You have to pay a bank fee which can range from twenty to thirty dollars or more. You may also have to pay the same price to the person or store for the inconvenience you have caused.
If your bad checks pile up, your bank account will quickly go into negative numbers and your bank may ultimately decide that you are a huge risk and close your account completely. Opening a new account will not be possible unless you repay the balance of your previous account and your bouncing check will recorded on ChexSystems alerting other banks of your infractions
Your problems can also worsen if establishments resort to legal action to retrieve their money. You may receive a call from companies that specialize in recovering bad checks, reminding you to resolve the problems with their clients as soon as possible. Bad checks will not affect only your finical situation; your reputation can also be destroyed as well. Banks will be reluctant to do any business with you and it will also diminish of job opportunities that will be available to you.
Try to avoid writing bad checks as much as you can. The problems that plague you after writing one can plague you for a long time. If an accident does happen, try to work out the problem as quickly as you can. Your future and reputation are at stake so always keep an eye out to keep your financial situation healthy.
Mary
WHat do you think of those?
Jen. E asked:
credit cards that are specially for people with bad credit? What about the prepaid ones? Most of the cards I’ve seen so far only report to ONE credit bureau. Is that okay? Or should I find one that reports to all three? Or should I wait till my credit is good enough for a real credit card so I can help rebuild my credit? I really hate credit cards, but I am responsible enough. I just need some advice on this. I want to get all the info I can abot rebuilding my credit. Funny thing some other person responded to my other question by saying i shouldnt worry about my credit. Ok CRAZY. If you ever want to get a house, or a new car, or if money gets tight and you need a loan, or a business loan, what do you think they check? Credit DUHHH. LOL
Brett
credit cards that are specially for people with bad credit? What about the prepaid ones? Most of the cards I’ve seen so far only report to ONE credit bureau. Is that okay? Or should I find one that reports to all three? Or should I wait till my credit is good enough for a real credit card so I can help rebuild my credit? I really hate credit cards, but I am responsible enough. I just need some advice on this. I want to get all the info I can abot rebuilding my credit. Funny thing some other person responded to my other question by saying i shouldnt worry about my credit. Ok CRAZY. If you ever want to get a house, or a new car, or if money gets tight and you need a loan, or a business loan, what do you think they check? Credit DUHHH. LOL
Brett
How is it not considered extortion and defamation?
joecseko asked:
I was hospitalized late last year for a period of 4 months.Due to a lack of income I was eligible for Medicaid.My Medicaid number was given to all parties who treated me after I got out of the hospital.By the time I got around to checking my credit reports there was negative information posted by collection agencies before I even got out of hospital.I’ve given my number to the worst of all of these companies ACB Receivables Management.They still insist I was not covered when everyone else has already received their payments and refuse to remove the negative information even after I presented them with a letter from NJDHS that claims that I was covered during the time that I was reported for.ACB still insists that I was not covered even though I’ve given them proof that I was and edicaid covers all of the treatments that I received.Mycredit score has dropped to below 600 and this is the only negative information on my reports.I’ve disputed with all three bureaus and they will not remove
Thanks for the suggestion about office of the Attorney General.They’ve done nothing at all and ACB was reported to them months ago by me on this matter.I’ve also contacted the FTC who says that they don’t handle this kind of thing.
UMMM.I did clearly state that I’ve disputed it several times with all three bureaus.So doing it for the third time really won’t help will it.ACB continues to respond that the debt is valid
BBB is a joke too.They just take money from companies that belong to the BBB and hide the complaints so that the companies will still pay them.
Nicholas
I was hospitalized late last year for a period of 4 months.Due to a lack of income I was eligible for Medicaid.My Medicaid number was given to all parties who treated me after I got out of the hospital.By the time I got around to checking my credit reports there was negative information posted by collection agencies before I even got out of hospital.I’ve given my number to the worst of all of these companies ACB Receivables Management.They still insist I was not covered when everyone else has already received their payments and refuse to remove the negative information even after I presented them with a letter from NJDHS that claims that I was covered during the time that I was reported for.ACB still insists that I was not covered even though I’ve given them proof that I was and edicaid covers all of the treatments that I received.Mycredit score has dropped to below 600 and this is the only negative information on my reports.I’ve disputed with all three bureaus and they will not remove
Thanks for the suggestion about office of the Attorney General.They’ve done nothing at all and ACB was reported to them months ago by me on this matter.I’ve also contacted the FTC who says that they don’t handle this kind of thing.
UMMM.I did clearly state that I’ve disputed it several times with all three bureaus.So doing it for the third time really won’t help will it.ACB continues to respond that the debt is valid
BBB is a joke too.They just take money from companies that belong to the BBB and hide the complaints so that the companies will still pay them.
Nicholas
Will paying off my student loans early affect my credit?
VanFlannery asked:
I have taken out five student loans, three quite small and two rather large. I have a ton of money left over from my last student loan, I overestimated how much I would need (I wound up getting scholarships) and I would like to pay down my student loan debt with what is left over.
I have taken out five student loans, three quite small and two rather large. I have a ton of money left over from my last student loan, I overestimated how much I would need (I wound up getting scholarships) and I would like to pay down my student loan debt with what is left over.
All of my loans are Federal Stafford and are at a fixed 6.8%. With the money I have left over, I could pay off the smallest three immediately and then put the rest towards the larger loans. None of the loans have gone into repayment yet.
Question #1: Would paying off these three loans immediately be a bad idea? Does having 5 loans that I am paying off look better on my credit score than only having 2? Should I try to pay them all off over the same period of time, or get the small ones out of the way faster with larger payments?
It would be nice to only worry about 2 lenders instead of 5, however I do not know if having 5 open loans looks better on a credit report.
Question #2: Is it better to pay off your student loans over 10 years or 5 years? I would like to pay them off as soon as possible, maybe 3-5 years, since I would be paying about $500 in interest for every year I have my loans open. Although I would be paying extra, does having loans open longer look better to a credit bureau?
Thanks, I’m not very good with all of this. I have quite a few credit cards whose balances I pay every month, my credit score is very high. I like to stay out of debt, but I do want to maintain that score.
I’m getting my master’s this May, so I’m just about out of school. Thanks Julie!
Paul
How Well Do Your Understand Your Credit Report?
Donald Saunders asked:
You probably know all too well that the information which is contained in your personal credit report is used by the loan and credit card companies when determining whether to extend credit to you, but do you know exactly what information your personal credit report contains? For example, did you know that the details which are contained in your personal credit report could determine whether or not you can buy a new house or are going to have to stay in your current ’shoebox’?
Many people think that if a lender looks at your personal credit report they are simply looking to see your credit score and, although this is certainly one of the things that they do look at, they are looking at a great deal more. Above all, lenders are looking to see how much debt you have in comparison to to your income and even fairly small accounts, such as those with a mail order company, will be treated as an income deduction when when it comes to considering an application for a loan.
If a credit card company or other lender calculates that you have more money going out than you have coming in then your request will undoubtedly be turned down. In fact, by law a certain percentage of your income has got to be available to meet loan payments before the lender is allowed to approve it, regardless of the purpose of the loan.
Lenders are also looking back at your credit history over the past seven years to see how you have handled loans in existence during that period. In particular, they are looking at whether you have made payments on time and will play close attention to any payments which were more than thirty days late. It may not have appeared particularly important to you at the time that you ran into a few problems and were late making payments for a few months on an account, however any new lender will certainly consider this when assessing the risk of lending to you now.
Lenders is also going to see whether or not any of your accounts have run into debt during the past seven years and ifthese debts have now been paid off. If you have payments outstanding on an existing agreement lenders will be very wary about extending you additional credit until these are cleared.
Finally, your personal credit report will also show whether you have filed for personal bankruptcy, usually in the past ten years. Some people think that a company is far more likely to advance you credit if you have filed for bankruptcy because they have the protection of knowing that you may not file again for a number of years. However, this is not the case and filing for personal bankruptcy is viewed by lenders as a red warning flag indicating that you have already demonstrated a tendency to get yourself in over your head when managing your finances.
Your personal credit report is an extremely important document that you should not only understand but which you ought to review occasionally for your own protection and peace of mind. Fortunately, the law states that you must be sent a copy of your personal credit report once each year if you ask for it.
Michelle
You probably know all too well that the information which is contained in your personal credit report is used by the loan and credit card companies when determining whether to extend credit to you, but do you know exactly what information your personal credit report contains? For example, did you know that the details which are contained in your personal credit report could determine whether or not you can buy a new house or are going to have to stay in your current ’shoebox’?
Many people think that if a lender looks at your personal credit report they are simply looking to see your credit score and, although this is certainly one of the things that they do look at, they are looking at a great deal more. Above all, lenders are looking to see how much debt you have in comparison to to your income and even fairly small accounts, such as those with a mail order company, will be treated as an income deduction when when it comes to considering an application for a loan.
If a credit card company or other lender calculates that you have more money going out than you have coming in then your request will undoubtedly be turned down. In fact, by law a certain percentage of your income has got to be available to meet loan payments before the lender is allowed to approve it, regardless of the purpose of the loan.
Lenders are also looking back at your credit history over the past seven years to see how you have handled loans in existence during that period. In particular, they are looking at whether you have made payments on time and will play close attention to any payments which were more than thirty days late. It may not have appeared particularly important to you at the time that you ran into a few problems and were late making payments for a few months on an account, however any new lender will certainly consider this when assessing the risk of lending to you now.
Lenders is also going to see whether or not any of your accounts have run into debt during the past seven years and ifthese debts have now been paid off. If you have payments outstanding on an existing agreement lenders will be very wary about extending you additional credit until these are cleared.
Finally, your personal credit report will also show whether you have filed for personal bankruptcy, usually in the past ten years. Some people think that a company is far more likely to advance you credit if you have filed for bankruptcy because they have the protection of knowing that you may not file again for a number of years. However, this is not the case and filing for personal bankruptcy is viewed by lenders as a red warning flag indicating that you have already demonstrated a tendency to get yourself in over your head when managing your finances.
Your personal credit report is an extremely important document that you should not only understand but which you ought to review occasionally for your own protection and peace of mind. Fortunately, the law states that you must be sent a copy of your personal credit report once each year if you ask for it.
Michelle
how do i write a letter to the three credit bureau about my credit report ?
Peaches asked:
before I continue I like to say Thanks for Your help. Can the three major credit bureau list the same debt like for instance if the experian list a debt can trans union list the same debt which make you bad. Also if its a charge off can they reopen that account debt. I also have other companies not sure who the company is but its stating I owe them money. One other question how can I stop fraud that could be happening under my Identity. If I pay at least two small account that i’m in debt will it be remove. Hopefully someone understand what is going on under my credit files. Thanks Again to everyone that can help ME
Judy
before I continue I like to say Thanks for Your help. Can the three major credit bureau list the same debt like for instance if the experian list a debt can trans union list the same debt which make you bad. Also if its a charge off can they reopen that account debt. I also have other companies not sure who the company is but its stating I owe them money. One other question how can I stop fraud that could be happening under my Identity. If I pay at least two small account that i’m in debt will it be remove. Hopefully someone understand what is going on under my credit files. Thanks Again to everyone that can help ME
Judy
How to Remove Collection Accounts From your Credit Report
Chane Steiner asked:
Collection accounts are typically seriously past due accounts that have been assigned to an attorney or collection agency. A collection agency is usually hired after a company has made multiple attempts to collect money that they believe is owed to them. Collection accounts can remain on your credit report for 7 years from the date of the initial missed payment that led to the collection (the original delinquency date). The following techniques will teach you how to remove collections from your credit reports.
What the Credit Bureaus Don’t Want You to Know:
1. A study released by the U.S. Public Interest Research Group in June 2004 found that 79% of the consumer credit reports surveyed contained some kind of error or mistake.
2. Once you dispute an account, it must be proven or it cannot remain on your report. If the credit bureau cannot verify the item when investigated, it must be removed from your file whether or not it’s true.
3. Every negative item on your report can be denied or challenged at any time. The credit bureau must re-investigate every time it is challenged and if the item cannot be verified within a “reasonable amount of time”, it must be removed from the file.
4. Many times the creditor does not re-verify in time or the credit bureau is busy and does not handle your dispute properly. It must then be deleted.
5. The older an item, the more difficult it is to verify. Creditors seldomly keep records for longer than a couple years.
Steps to Repair Your Credit:
1. Obtain your three credit reports.
2. Review the reports and locate the negative items.
3. Dispute the negative items with the credit bureaus.
Robert
Collection accounts are typically seriously past due accounts that have been assigned to an attorney or collection agency. A collection agency is usually hired after a company has made multiple attempts to collect money that they believe is owed to them. Collection accounts can remain on your credit report for 7 years from the date of the initial missed payment that led to the collection (the original delinquency date). The following techniques will teach you how to remove collections from your credit reports.
What the Credit Bureaus Don’t Want You to Know:
1. A study released by the U.S. Public Interest Research Group in June 2004 found that 79% of the consumer credit reports surveyed contained some kind of error or mistake.
2. Once you dispute an account, it must be proven or it cannot remain on your report. If the credit bureau cannot verify the item when investigated, it must be removed from your file whether or not it’s true.
3. Every negative item on your report can be denied or challenged at any time. The credit bureau must re-investigate every time it is challenged and if the item cannot be verified within a “reasonable amount of time”, it must be removed from the file.
4. Many times the creditor does not re-verify in time or the credit bureau is busy and does not handle your dispute properly. It must then be deleted.
5. The older an item, the more difficult it is to verify. Creditors seldomly keep records for longer than a couple years.
Steps to Repair Your Credit:
1. Obtain your three credit reports.
2. Review the reports and locate the negative items.
3. Dispute the negative items with the credit bureaus.
Robert
What do you do if your was Identity stolen?
s5people asked:
What should a person do if someone started opening credit cards and paying the minimum balances using your information (name, ss #, DOB, etc.) an d you have a police report and reported it to the credit bureaus BUT one credit card company still is calling you and basically harrassing you for their money? When you tell them that I was frauded and that I have police reports they dont care. They say “what kind of con pays the minimum payment”. They will not leave me alone. I even have a fraud alert put on with the three credit bureaus.Should they get a lawyer? Are there such lawyers?
Ramon
What should a person do if someone started opening credit cards and paying the minimum balances using your information (name, ss #, DOB, etc.) an d you have a police report and reported it to the credit bureaus BUT one credit card company still is calling you and basically harrassing you for their money? When you tell them that I was frauded and that I have police reports they dont care. They say “what kind of con pays the minimum payment”. They will not leave me alone. I even have a fraud alert put on with the three credit bureaus.Should they get a lawyer? Are there such lawyers?
Ramon
If an unpaid credit card debt doesn’t show up in your credit report does that mean you don’t owe that money?
Jerry V asked:
So i have had a credit card back about 3 yrs ago that I’m pretty sure I never paid off in full. I ran a creidt report today and it shows the number of open accounts as 2 (I have two open credit cards currently). And the number of accounts in collection shows as 0. So I’m not sure if I paid it off back then or if the credit card company just gave up trying to collect the debt. But is it safe to assume that if it’s not on your credit report don’t worry about it? If not what else can I do to track down this debt. So far I ran a credit report for all three bureaus and also got my fico report done and none of them show this outstanding balance….
afraid to leave well enough alone I’m pretty financially stable now if it’s out there i need to know how i can track it down so i can pay it out in full right away
Shirley
So i have had a credit card back about 3 yrs ago that I’m pretty sure I never paid off in full. I ran a creidt report today and it shows the number of open accounts as 2 (I have two open credit cards currently). And the number of accounts in collection shows as 0. So I’m not sure if I paid it off back then or if the credit card company just gave up trying to collect the debt. But is it safe to assume that if it’s not on your credit report don’t worry about it? If not what else can I do to track down this debt. So far I ran a credit report for all three bureaus and also got my fico report done and none of them show this outstanding balance….
afraid to leave well enough alone I’m pretty financially stable now if it’s out there i need to know how i can track it down so i can pay it out in full right away
Shirley