21places

I am in state with SOL of 3 years. I have five COs and the debts have been bought by CA so I have 10 baddies on my Exp report. Looking at this and considering the fact that I have tried to remove with no success, I am hoping that the states SOL will help me somehow because the delinquency is at 2 years. Is this thinking feasible? My score on EXP is 602 but I know some of that is due to util for other accounts. I see programs being offered for potential buyers who have 650 credit scores, 2 years no delinquencies, and 2 years employment history. Is homeownership at a feasible rate possible? I don't want to get a bad deal because I am not patient about homebuying but I also don't want to keep paying 2000 in rent in the Southern states. LO and others who have experience please feel free to chime in.

I am a returning member. My reports were cleaned, but shortly after relocating, I found myself laid off and having to choose which bills to pay. Due to CC payments almost doubling with some bank cards, they are CO. Does this still hold true. I opened an account in a state with an SOL of 6 years and I now live in a state with an SOL of 3 years for credit cards. According to the information given, I would be under the 3 years. I have two negative accounts and I think once an address change is added to my reports, CAs will sue.

Update, I am in the process of reading the posts here for the questions I asked earlier. I have learned that I need to get all agreements in writing and I am hoping that it is sufficient to get these via fax. If not, please advise. Also, is it too early for credit repair by applying for a secured loan. It is my plan to offer settlements on three accounts and participating in hardship programs on 4 cards. I would like to do a secure loan for 1000 in hopes of improving my scores at the end of 18 to 24 months.

Over the past year, I have had a significantly loss of income. I was able to make the minimum payments on cc up until about 5 months ago. I am now speaking with my creditors and have gotten a few to agree to smaller payments but ofcourse the accts have been closed. A few others are offering settlements but only one over the 600 dollar mark to be reported on 2011 taxes. My questions_ What should I be looking for in settlement offers? I am hearing that I can not get anything in writing until after the payment is made which seems weird to me. Has anyone had any experience with the debt reduction process, where cards are closed and lower interest rates are given for the next 12 months? Is this beneficial for me long term in regards to securing cards after I am back on track? Please help.

Ofcourse, it is anyone's responsibility who owes a debt to pay it off; however, like someone mentioned before, in a society where we can file bankruptcy and walk away from the debt...they are to be commended. There are many stories such as this one and it just so happens they were the ones who were recognized. I found it to be inspiring and though my debt is not as high, I hope to diminish my debt with hard work and using some of the same strategies.

It was advised in a few posts to close your accounts instead of allowing the creditor to close it. If I close the account, wouldn't that nullify any actions to get the creditor to work with me such as allowing me to apply for the hardship program (if they have one)? I was hoping to close and see if I could initiate a lower rate to allow me to pay debt down faster instead of going through a DMP.

Credit rating is important since I know that my situation isnt permanent. I don't really care about keeping the cards open, I would just like to be able to pay the balances.

Almost a year ago, I relocated to take a new job. After relocating I was laid off 4 months after the relocation. I had savings but not much since I had just come off of a previous term of unemployment. I have now depleted all of the savings and unemployment also been depleted. I do have other income which is not enough to pay the bills that are coming in. I am paying creditors about 1500 a month. I have tried my local cu and it says "no" due to my dti ratio which I totally understand the risk there. I am looking to apply for hardship programs with cc companies but I am reluctant due to the fact that over the past 5 years I have been rebuilding credit worthiness and cleaning up my reports. I had finally gotten to 700s and then the bouts of unemployment and rising balances. I have not been late on anything thus far and have paid more than the minimum balance and sometimes pif which is why I don't understand how some cards went from 8- 10% to 28.99%. One of the accounts in question is BOA. I had qualified for a 0% interest and a few months later spoke with one of the reps and she was going on and on about how a bt would be beneficial for me....anyway long story short. I am now at 18.99+% and have never been late. So where I was a making a 150 dollar payment and about 80 of that being an overpayment, the 150 is now my minimum. At this point, I am sure that I can not come out of this situation unscathed but the reason I am asking if debt consolidation would be a viable option, (1)I am trying to have a lesser impact on my credit once its all over. Also, 1400 is not doable for me but 900 is, and (2) I have property that I may be able to use as collateral; however, I would hate to lose a 70K property for 20k worth of debt though I know......ITS BUSINESS!!!! Any guidance will be appreciated. Side note....I am diligently looking for work.....but I have no prospects at this time.

Bump.....

By different court I mean that it was filed in XX state in city1 - six yrs ago and it has been in same state and city2 last month. I hope that makes sense. SOL is 7 yrs in my state with ability to renew within 3 yrs after SOL.

I have a 6 yo judgement. I was able to get it off of my cr; however, the atty has filed the case in a new court but same debt. Would I have grounds for a Motion to Dismiss?

How can I get CT, MPM, NCDIP?

I am moving and would like to finance a few items at a furniture store. I got a credit approval but its with American Finance Company or American General Finance Company (I am not sure at the moment). Anyway, I think I read in one of the forums that a finance company doesn't look good on cr. Is this correct?

I am just playing devil's advocate ....so....if the market was okay and you could sell the properties, you would get a percentage of the sale. Correct?

I have a 5 year old lates. The account was paid in full 4 years ago and the lates occured a atleast 6 months prior to the account being paid in full and even now the company will not remove. When I dispute, it comes back verified. I contacted the company and asked if they would and they said no and that it was their job to update the information. Huh.....?