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  1. It is not always tax problems. We purchased a house in 2008 at the top of the market in NC. My husband lost his job in 2013 and we had to sell in a very depressed market in order to relocate for a good paying job. Our choices were walk away and take a hit on our credit, short sale and take a hit on our credit, rent and not get enough to make the house payment each month (plus lock us out of having enough income to buy for 2 years) or raid his 401K from the old job & pay the amount we were upside down at time of sale. We went with the 401K raid, got out of the house with our credit intact but with a $14K tax bill due to the money we took out. We paid down over $4K of the bill from savings and went with a payment plan. We've been close to even on taxes (less than $1K owed or coming back) every year since then.
  2. Yeah - scam was probably too harsh of a word to use. Was just curious of how much they really did for people.
  3. Well besides take your money for something that you can do yourself.... I am on a mom's message board & every time someone asks about credit repair I see several mom's throw out names like Lexington Law. I went to their website & it seemed like a scam. Basically telling you that you were too dumb to repair your own credit. I always recommend Credit Boards when I see these mom's post these requests but I think it falls on deaf ears.
  4. Thanks - it was charged off so being collections is correct. Do you think I will have much chance of getting it deleted because the balance is incorrect? I have not done anything at all towards cleaning up the report at this point except paying down some current credit cards that were a little high on utilization. I am guessing I should start back at the basics and order paper reports and start the process from there. My husband ended up being able to qualify for our mortgage on just his income and credit. My goal is to get my score up because we will need for me to cover the next auto loan (1-2 years down the road).
  5. I have an account from Barclay's that I opened in 2007. In 2010 I got in arrears with them by $13,160. They served me in 2012 and I avoided a judgement by making a payment plan. They would not bring my total owed down by much but I did get it to $10,000. I have paid $7,800 so far. I just started trying to get my credit in shape and got a credit report and they still show me as owing $13,160 and the account being in collections. Could I get this deleted because the amount is not correct? Should I get them to correct the amount owed?
  6. Thanks - I thought there was a forum for that but in my panic I kept overlooking it.
  7. What grounds do I fight them on? It is a legitimate debt. Do I get a lawyer, fight it myself, etc? I am in NC if that helps.
  8. Oh boy - I have screwed up big time. I let a large credit card debt fester for a couple of years and just got a call from home that papers were dropped off for a civil case. What are my first steps in responding to this and getting out of the mess I have made for myself? I am employed but have very little left to put into a payment plan. Is it too late to propose that?
  9. Thanks for the advice. Before we got the mortgage I had managed to get 3 or 4 baddies deleted from my account. From all of the reading I have been doing I guess cleaning things up, getting a mortgage and getting a couple of new credit cards has caused this CA to rear it's head. I've searched on the boards and can't find anything about them - how dirty do they play, are they easy to negotiate with, etc.
  10. It has been about 2 years since I've made payment on the account -I had paid on it for 2 years faithfully and the balance never seemed to go do down. It was an unsecured loan that I stupidly took out. Since it is within SOL I don't want to push them too hard. I can't pay it all at once and by my best calculations looking back on my records it looks like they've added about $1000 to the balance since I quit paying. OUCH!! Do I ask them to validate, negotiate a payment schedule, some other options???
  11. I received a letter yesterday from Commercial Recovery Systems that had been sent to a previous address (my in-laws home). Here is what is in the letter: Commercial Recovery Systems, Inc. 8035 East R.L. Thornton, Suite 220 P.O. Box 5709090 Dallas, TX 73557-0909 (800)214-7801 (214)324-9575 Account Identification Re: Household Finance Account# 123456 Balance Owing: $39XX.XX Your account, as detailed above, has been assigned to COMMERCIAL RECOVERY SYSTEMS for collection. I suggest that you consult with your attorney about what the laws in your state will allow our client to do to recover the monies owed to it and further consequences of nonpayment. Undless you notify this office within 30 days after receiving this notice that you dispute the validity of this debt or any portion thereof, this office will assume the debt is valid. If you notify this office in writing within 30 days from receiving his notice, this office will: obrain verification of the debt or obtain a copy of a judgement and mail you a copy of such judgement or verification. If you request this office in writing within 30 days after receiving this notice, this office will provide ou with the name and address of the original creditor, if different from the current creditor. This an attempt to collect a debt adn any information obtained will be used for that purpose. Important information is found on the the back of this notice. If this debt is not a vaild debt of your or if the account is includedi n a bankruptcy proceeding, then this notice, and all future notices are null and void and you should notify us in writing. Sabrina Mason 1-800-214-7862 This communication is from a debt collector. This is an attempt to collect a debt. Any information obtained will be used for this purpose. On the back of the letter is a bunch of legal information. ******************************************** The debt is within the statue of limitations. What is my best course of action? I had a message on my phone Friday from someone from a (214) area code that basically stated: Mrs. X this is Mrs. Mason. If you will not call me back today please have your attorney contact me. No phone number or company was identified. I purchased a new home in September and got two new cards in September/October. I am sure this has awakened the activity on this. By my records the last payment to Household/Beneficial was in November/December 2005. We had hit a few financial roadbumps and that bill got neglected plus we moved 3 times between June 2005 and March 2007. I am in NC so SOL is 3 years. I don't have the funds to pay this in full. Any advice is very much appreciated.

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