Posts Tagged ‘Credit Debt’
Tuesday, March 2nd, 2010
A relative is going to loan me the money I need to pay off my credit debt. I’m suppose to file my appearance in court on Tues.
Should I call and make arrangements to send the payment in to the credit card company or the collection agency?
Do you think they will dismiss the lawsuit?
Tags: Appearance, Credit Card Company, Credit Debt
Posted in Credit Card Debt | 3 Comments »
Saturday, February 27th, 2010
I have $10,000 in credit card debt, and found some resourceful information on the blog with some good links, and I am wondering if anyone has some more.
Tags: Credit Card Debt, Credit Debt, Debt Consolidation
Posted in Credit Card Debt | 2 Comments »
Friday, February 26th, 2010
What is the best solution for credit card debt?
I am way in over my head, I have 6 credit cards and I’m over $40,000 in debt. I have tried to take out a loan at the bank to consolidate but i got turned down. I need HELP!
Tags: Best Solution, Credit Cards, Credit Debt
Posted in Credit Card Debt | 4 Comments »
Tuesday, February 16th, 2010
Is the Statute of Limitations on credit card debt, determined by the state you currently live in or where the debt originated?
I have a debt that I stopped paying on in Jan 2002. I acquired the debt while living in Texas and stopped paying it while living in Texas. My husband is military so we have lived in Missouri for the past 4 years.
The SOL for TX is 4 years for open accounts (credit cards) and for MO it is 5 years. Either way, the SOL has run out on this debt, however I am still wondering which would apply to us since we are military? We claim TX as our home/residence.
Thanks!
This debt was sold to a debt collector years ago.
I have known others that have written cease and desist letters so I am not so sure that SOL on card debt is a myth.
Tags: Credit Debt, Open Accounts, Statute Of Limitations
Posted in Credit Card Debt | 4 Comments »
Sunday, January 31st, 2010
I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a written contract in the State of Georgia, the Statute of Limitations may or may not apply. The Staute of Limitations is 4 years for open accounts and 6 years for written contracts. Does anyone know for certain which type applies for credit card debt in Georgia? The account is with Citibank MasterCard and was opened in the late 80’s or early 90’s. Thanks.
Tags: Citibank Mastercard, Credit Debt, State Of Georgia
Posted in Credit Card Debt | 3 Comments »
Saturday, January 16th, 2010
I have a friend in FL that is filing bankruptcy. I thought they passes a law a few years ago that stated you could not include credit card debt in bk. Is that true? They are telling me that you can include credit card debt.
Tags: Credit Card Debt, Credit Debt, Filing Bankruptcy
Posted in Credit Card Debt | 6 Comments »
Wednesday, January 13th, 2010
I mean i heard after 6 years or so your credit card debt is written off, but if during those 6 years you get letters from different solictors, agencies etc does this include the 6 years or is it restarted from the beggining when to a another agency?
Tags: 6 Years, Credit Card Debt, Credit Debt
Posted in Credit Card Debt | 2 Comments »
Tuesday, January 12th, 2010
I have about 25K in credit card debt. I am planning to buy a 540K house. Currently I have great credit, is it possible to add my credit card debt into the home loan in order to make it a single monthly payment. What is the loan program called? I am shooting for 5 yr. ARM. Me and my wife plan to live there for about 3-4 yrs.
To add I mean to pay off my credit cards with the home loan.
Tags: Credit Debt, Debt Loan, Loan Program
Posted in Credit Card Debt | 2 Comments »
Friday, December 25th, 2009
What happens to credit card debt when one’s parents pass away in the event that they do not have an estate, BUT the children do have an estate (real estate, etc)?
Morbid, but just wondering.
Tags: Credit Debt, Parents, Real Estate
Posted in Credit Card Debt | 4 Comments »
Thursday, December 17th, 2009
An older family member of mine has a large amount of credit card debt and their only major asset is the house that they currently live in. From what I’ve read it seems that creditors will liquidate all of their assets including the house in order to try and cover the debt upon their death.
One of their children wants to purchase the house or assume the mortgage from them now and become the new owner. If the house is sold/transferred in this manner and no longer belongs to my older family member with the large debt, will creditors try to come after her child upon her death?
The house is located in Florida.
Tags: Child Death, Credit Debt, Mortgage
Posted in Credit Card Debt | 3 Comments »