xiyang_huang

It's not inevitable, we've been incurring inflation. For example, since 1980 until now, our annualized inflation rate has been around 3.5%. However our annual inflation rate for this year has been at almost 4%. Unfortunately, our wages and salaries are not sufficiently indexed. I highly recommend those who want their money to grow is to invest in suitable common stock. Avoid small companies as you will encounter higher risks (but of course, possible high returns).

Hi there, I am trying to look for a business credit card with great rewards and benefits. Any ideas would be greatly appreciated except for AMEX and Citi. Thank you very much!

It may be seen negative by a manual review (in case you want to apply for a mortgage etc), but FICO does not factor it into the scoring formula. http://www.myfico.com/CreditEducation/What...nYourScore.aspx (Scroll to the bottom). Besides, its better than collections, closed by the granter, bankruptcy or not making the payments at all to the creditors. If your debt management program is retaining your first payment as a fee, then go ahead and make your minimum payments until they start paying your bills... and after that, everything should kick in for you. If you have never been late with your creditors, then missing one payment might not hurt you. Most creditors have a policy that they will let you be late only 1 time, and then after that..they report. Its a 1 strike your out deal. Hope that helps.

Neko, Just because your under a management plan does not mean your score will be destroyed. There may be a remark on your credit report stating you are under a management program, but this notation is neutral. It does not affect your score whatsoever. However, it might bring questions from a loan officer if he or she is doing a manual review on your report. But FICO does not take into consideration of the notation. As of right now, I'm assuming your score has already taken enough hits due to high utilization or perhaps you might have missed payments in the past. So as of now, things can only get better. The good thing is that your still going to make payments to your creditors, but one that is more affordable to you. What I mean by that is your accounts will NOT be severely past due, NOT closed by the granter, turned over to collections, and accruing more interest and over the limit fees all together on your debt. Anything is better than that or filing for bankruptcy. In the mean time, you need to become debt free. Over the course of time, your score will rebuild. As for your husband, he can still rebuild his credit history. A secured credit card would suffice as a starting point. If I were you, I would pull all 3 of your credit reports from annualcreditreport.com as your foundation and go from there. I think you guys will be in good hands. Don't be depressed, you guys will be in great shape soon. You just need to be patient and learn from the past. Good luck and cheers.

You can always send a pay for delete letter directly to the chief operating officer. I found that his name is David M. Burton. If you can obtain his e-mail address, more power to you. Executive level has all the power when it comes to these issues and might be able to give you some slack. Be nice and sincere and you should be good. Debt collectors don't know what they are talking about, that's why you need to request a manager or executive for this type of issue. Honestly, deleting a collection account takes seconds. All they need to do is login to the reporting software, type in your information, and input a code and its done. Its just that the 3 credit bureaus discourages a PFD. But Jefferson Capital can delete it if they wanted to. There's no law prohibiting them to do it. Good luck and cheers.

This happened to me as well. Equifax completely deleted my account history with Wells Fargo 2 days ago. In result, it has brought my FICO down by 35 points due to short credit history (Wells Fargo account is the longest history that I have). However tonight, the Wells Fargo account has appeared back on my Equifax report. I'm hoping my scorewatch will alert me again by Tuesday. Your accounts should be restored back to normal.

It is perfectly legal for a collection agency or bank in pursuit of collections to obtain "location information" (Skiptrace) about you through your relatives, neighbors, employers, etc. However, they cannot disclose any personal information regarding your debt and other sensitive data. How did they get your relatives information? They are able to obtain your phone number, previous address, neighbor, relatives, and various information through a private company. What you can do is send in a cease and desist letter to the collection agency and inform them that all communication should be done via mail rather than phone. But it seems to me that the bank or lawyer is having a hard time locating you or getting in touch with you. Have you recently moved?

North Shore Agency is a legitimate collection agency owned by NCO financial group. All they need is your name and address (which they seem to already have) in order to perform a successful skip trace and report your account to the CRA's. You can either DV , dispute with original creditor, file a police report stating that someone has used your name to purchase goods and services, or pay the small bill before they report or to remove from CR (if they have done it already). Most collection firms usually allow consumers 30 days before a serious debt enforcement campaign begins. Good luck

Although CA's can be flexible when it comes to PFD, its very hard to get an OC off of your report due to the fact that the debt is legally yours and was officially charged off. Its very hard when it comes to banks deleting TL's. Good luck

If I were you, I would negotiate a "pay for delete" with the collection agency. Just call them up and they should not have no problem deleting it off of your reports in exchange for your $20. Then 15-20 days, it will be off of your reports. I wouldn't worry too much because of its small amount. If its a small collection agency, more power to you. Good luck

Its possible for AMEX to sue you regardless the SOL. All AMEX would have to do is go to court to renew the SOL, but this is only applicable to some states. I used to be a debt collector and we would renew SOL's on some consumers. Good luck

If Verizon did the reporting, you might want to call Verizon customer service to see if you can negotiate a" Pay for delete". The CA your dealing with right now is probably not bluffing when they say your account might be sent to another CA. Reason is because if VZ finds the CA not able to collect your debt in a certain time period, they will simply reassign your account to another CA. Good luck