Is there any way around the loophole collection agencies seem to have found in buying & selling your bad debt?


Posted September 28th, 2009 by admin 2 Comments »
bad debt
Liz asked:


I thought there was a seven year rule in that all bad debt on your credit report “fell off” after 7 seven years. It seems that now it might never go away. I unfortunately do not have a job, no prospects of getting one any time soon. Does any one know of a way to stop this?

What does bad debt written off mean exactly?


Posted September 28th, 2009 by admin 5 Comments »
bad debt
G asked:


I owed some money to a few creditors and they have written it off as bad debt, it has almost been 7 years, if I pay these debts now will it help my credit score at all, I have paid off a lot of debt until now and I have 3 more creditors left. It says bad debt…what is the best thing for me to do now? Doesnt your credit clear after 7 years or somethin
I am in Canada

When will a bad debt be removed my credit report?


Posted September 28th, 2009 by admin 3 Comments »
bad debt
Brandon M asked:


If a bad debt is removed from my credit report because I disputed it, will my credit score with that burea be updated immediatly or will it take time?

Can a company charge their sales person a percentage of the debt if an account goes bad?


Posted September 28th, 2009 by admin 1 Comment »
bad debt
Mike asked:


If an account of a sales person(company x) goes bad and owes money, can company x charge the sales person a percentage of the bad debt?

What is a bad debt write off for credit cards?


Posted September 28th, 2009 by admin 3 Comments »
bad debt
aidan_adore asked:


I am 3 months behind a credit card payment and they sent me a letter stating they were going to write it off as a bad debt. What does this mean? Do I have the payment still. I am confused as to what this entails.

If you have bad credit, but a good rental history is it possible to rent from a management company?


Posted September 24th, 2009 by admin 4 Comments »
bad credit
asked:


We are moving in June and I’m worried that our bad credit will make it really hard to find a nice rental house.

Can you still get a local landline phone if you have very bad credit?


Posted September 24th, 2009 by admin 2 Comments »
bad credit
Marah asked:


I have very bad credit. I was very sick for a few years and am still recovering but doing better( I’m still considered disabled). I have a very small income but shouldn’t have trouble paying a phone bill. I’m probably moving to a new area and will need a landline phone. Will I be able to get one? I mean can you get one if you pay a deposit or there a landline service that you can pay for without a credit check? Thanks and please no rude or vulgar comments or answers.

What are some studies that prove internal theft in businesses is related to bad credit?


Posted September 24th, 2009 by admin 1 Comment »
bad credit
JConfuzed asked:


I have heard many people say internal theft is related to bad credit. I am just looking for physical proof to support it other than scenarios and word of mouth.

What happens if the Navy sees I have bad credit when checking for my security clearance?


Posted September 24th, 2009 by admin 6 Comments »
bad credit
genpattonwwii asked:


What happens if the Navy sees I have bad credit when checking for my security clearance? Do I have to choose from another job or just be placed into one that I have no choice over??? Somebody please let me know what to expect I have no criminal record but I know there is credit checks and I know my credit is not good at all.
Okay and if they sit me down and ask me to explain can I still get the job possibly or does that step already mean its not happening?

I have a bad credit history and was wondering if there is a way to start fresh with a new social security?


Posted September 24th, 2009 by admin 8 Comments »
bad credit
InspectorT85 asked:


I have been in bad debt and my credit history is really bad by now. I was wondering if there was any chance for me to make it all better by getting a new social security. Is this possible?