searpr

I already got hit with their stupid 29.99 rate, and for that, PIF and sockdrawer. I would hate to get rid of it because it is a nice (looking) card, but there's no way in hell I'm paying a $60 AF for a card I won't use.

I got one too, but I'm still pissed off at the rate jack and not using either one of my Citi cards.

From my wallet. Two HSBC cards and Juniper and their crappy credit lines all got the axe today. Wouldn't give me a CLI, so buh-bye. With clean reports and scores in the 740s (thanks to CB), I do not need cards with $300 limits or an airline card (Juni) that doesn't even have enough credit available to buy tickets. Thanks again, CB!

I start the new year with a completely clean report....yay! I had two baddies that weren't scheduled to drop off until March and June, but I pulled a report recently and they are GONE! Wooooo hooooo!!!! CB rocks!

I was mildly pissed about this until I saw that it pretty much happened to everyone. I got it on one of my Citi cards but not the other. I've been carrying a small balance on it, but that card is now on the top of my pay-off-now list.

Yeah, me too. Any ideas?

They're FAKOs.

No, unfortunately. Like I said, this was pre CB. But they're trying to collect the full amount owed, not the remainder of the settlement, which leads me to believe they have no documentation. And if Midland couldn't validate, I don't see how Ocwen will be able to, KWIM? In any case, if they even try it, they are in for a helluva fight.

I had a car that was totaled in 2003, and I settled in '05 for less than the full amount owed. This was before I found CB. Fairlane (OC) sold it to Associates who sold it to Midland, who has now apparently sold it to Ocwen. Midland couldn't validate and folded like a cheap suit, and I'm sure Ocwen will too. I have the letter somewhere showing this was paid, but it's easier to shoot off a letter to validate when I know they can't. Besides, why should I do any work for them except to say "Find another sucker...you just bought a WORTHLESS DEBT!"

You and me both. But I guess she's decided to let them foreclose on the house and get an apartment

Thanks for the reply, Fla-Tan. That last part is really why I'm here. I am too close to the situation to be able to tell whether my thinking that she should save the house and let the car go is because that's what I would do in the situation, or whether it's because I don't want her to move away To my thinking, though, it just doesn't make any sense to keep the car if one has to go. Cars can never build equity, and while it may take a long time in this market for the house to do so, it's at least possible. She can have a house AND a car, but the car just won't be as nice as what she likes, KWIM? If she gets rid of the house, who knows when she'll be able to get one again? Re: PMI, the way she explained it to me was this: The broker told her that there would be no PMI when she applied for the loan in Oregon, and once she had moved all her stuff to NC is when she found out that the terms of the loan would not be the same as what he told her. I'm a little fuzzy on the details because I obviously wasn't there. Fla-tan, do you have any idea of the success rate of people applying for loan modifications and how much they will modify them by? Anything that will give me an idea is fine, like an example or something. Thanks!

I have suggested trying to put together a little cash to buy something outright. She can probably borrow enough from family to pay cash for something that while a little less desirable than her 2008 Civic, will get her around town. One other thing I forgot to mention. She's upside down about $6000 on the car, but we live in NC where she can't be garnished.

My friend is in a situation where either her car or her house is going to have to go. She's leaning toward trying to do a short sale or just foreclose on the house. ($1800 per month house payment) Wachovia kind of screwed her by slapping another $271 in PMI on the payment each month at the closing table, but she's accepted they're not going to remove that and is looking at the next step. She called one of those foreclosure assistance lines, and they're going to help with the loan modification request, but they're not optimistic and neither is she. To her way of thinking, it would be much easier to get rid of the house at $1800 per month and move into an apartment at half that cost, but I'm trying to convince her to hold on to the house (an appreciating asset at some point) and get rid of her car (a depreciating asset always). Her car payment plus insurance is apx $600 per month. Can someone help me either A) convince her my plan is better, or B ) help me understand why what she wants to do is a good idea? I should mention she's my best friend and neighbor, and I don't want her to move away, so I'm a little biased.

My advice? Read CB until your eyes bleed. Then read some more. The first thing you need to do is send off a DV, CMRRR.

Good point. But what about if you have to go to court? If you record without consent in a two-party state and then try to use it in court, won't the other side move to throw it out because it was obtained illegally?