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  1. So much to my story like all stories but I'll try to summarize: My mom developed a stage 4 terminal cancer a few years back. I've been trying to pay on both my house and her house. She lives in the house she's always lived in (for 40 years). They were foolish enough to continue borrowing against it. It was my grandparents house. All four of us lived in it. I eventually moved away. I've since come back to be the caretaker. My house is in another state. Eventually I want to go back there, move my stuff out, and sell it. There was a will from my grandparents leaving hou
  2. Thanks for the replies so far. I love understanding things. What would be the benefit to them to wait until they believe I might be able to satisfy the judgement in the future vs just getting the judgement against me while I was there and attempting to collect on it later?
  3. Hi all, Been struggling for decades with credit. Just never really mastered life I guess. I was here years, maybe a decade ago after a failing business. Managed to get credit cards again and then a major life issue happened. My mom developed a stage 4 terminal cancer. I have no siblings, she had no husband, there was just no one else to care for her, so I quit my stable job to accept a $900/month payment from the state to take care of her. That's the maximum the state will pay for monthly care but she really needs 24/7 attention. Not only does she have a stage 4 cancer but also has
  4. Hi, I bank with a smalltown local bank that changes bank presidents every year. I strongly dislike their service but I have two home loans with them, and they are undocumented (I'm self employed) so I've stayed with them for years as I feel it would be difficult to get a loan somewhere else. They just called me to tell me that my loan has "matured" and I need to renew it. As a result, according to the bank this month, instead of owing the usual $203 that I typically pay, they'll believe I owe $14000. When I paid the $203 earlier this month, my loan was marked as late because I didn't p
  5. Selling isn't as easy as you think sometimes. Exactly. I've had people come to me but they seem to think because it's closed I'm just going to give it to them. One man was talking about converting into a church and as soon as I started talking about money - even monthly payments - he was like "Great I'll call you tomorrow" and I never heard back. Someone else gave me a rather extensive list of things they wanted which basically amounted to me making it an extremely successful business for them, then selling it for maybe half of what it's worth now dormant. Even if I had wanted to do t
  6. Thank you again for all advice and I will proceed with doing what I can do for the building this week. I don't really know what the building is worth. I paid $50k for the building and assets in an operating business back in 1999. It's the only business on a residential street and it sits on 2 acres of land. The entire rest of the street is filled with homes. It'd likely be worth more if someone got rid of it and put 2-3 homes in it's place if that's allowed. Maybe I'll try approaching banks again. I do have two home mortgages tho along with all of the other mentioned debt. Basically I
  7. Masking the names here a bit to maybe prevent this from showing up as obviously in searches... if anyone has specific experience with what might happen with accounts from these specific retailers, would appreciate hearing it (possibility of settlements/pay-for-delete type things, etc). Please let me know if someone thinks I shouldn't be this detailed and should erase this post for some reason. Sta-s (office supply store) $2100 HDM (hardware store Mastercard) $3500 A-n (online book store) $1700 WM (huge retailer from Arkansas) $1700 OffD (another office supply) $2700 KeB (Bank Masterca
  8. So whats the best way to keep these off personal reports? The one that's months late hasn't shown up yet. Only a matter of time? Or? Any online companies that are good about lending money based mostly on a building/property where I could consolidate these into one smaller monthly payment or something? $12k doesn't even seem impossible to repay. I'd love to be rid of it but either way, it's just too much right now. This business has been around since 1979 under different owners. It had a bad period in the 80's under different ownership after a lightning strike/fire. When I've gone to local
  9. Hi, Thanks for the suggestions. I do understand the emotional attachment issue that someone brought up as well. I would consider renting it out, or selling it. I just don't want to lose it for no reason after everything else. I do have a different unrelated business idea I've been wanting to try too. I just am pretty paralyzed now with all that past debt so I can't do much of anything. So the suggestion here to start a corp and sell the building to it sounds like a good next move maybe. It also just isn't possible right now but settling for a percentage somewhere later could maybe
  10. That's correct. I purchased the business including building and assets for $50k back in 1999. Maybe $30k or so for the business and land? Not really sure. It's a cinder block building on a couple of acres of land.
  11. >The first thing your not understanding or I'm missing is your a sole prop so any credit you have under the business even if you didn't give them a "PG" is PG'd no matter what. Thanks. I do actually understand enough that I'm seeking advice here and agree. I do note that none of these have ever appeared on my personal credit reports in any way. The largest amount is approximately $5k (a well known Mastercard in this forum that starts with a K) and I have fallen behind enough that there have been no payments on it for approximately 3 months. To be honest, I'm surprised how little I
  12. Hi everybody, I had a business from 1999 to 2012 or so. The business remained profitable enough but I did fail some government inspections, we lost some licenses, and I had to close and cannot reopen. In the course of doing business, I racked up approximately $25,000 in personal credit card debt, $12,000 in unsecured business credit card debt, and probably significantly contributed to my girlfriends $30,000 in credit card debt. She's lived with me for the past 3 years. We're just barely scraping by after making minimum payments on all our bills each month and this month we had almost b
  13. I feel the same way. Applied for WalMart. Got approved for like $200. Had the account for a couple years. Credit limit increased with the soft pull method every 4 months. Got invited by regular mail to upgrade to WalMart Discover. Did it. Upgraded line to $3,000. NEVER another CLI, ever. Soft pull, hard pull. They blame a BK I had in 2005 before I even got the original card. Applied for Lowes 2011. Denied due to BK. Denied recon. Applied For Toys R Us Christmas 2012. Denied due to BK. CLD decline from $3000 to $2030 within the last few months on the one card I have with them (the
  14. I would live dangerously cashing the check just assuming its one of those ridiculous settlements to avoid some potential class action and they probably aren't checking their own internal database to see whether or not everyone is in good status with the company... seems to be more and more of that nonsense these days. But not every decision I make is a right one
  15. Thanks for the suggestion. I guess I should look at this avenue of credit repair more to keep my utilization down. I have some. All were obtained during the no-personal-guarantee era from advice here on Creditboards. The Keybank Mastercard, Staples, Office Depot, etc. I have never tried for a business account that actually required my personal guarantee. It doesn't look like my current scores are enough to guarantee approval on any credit line. Sometimes they squeak by. Sometimes they don't. I don't know if it would be any better on the business side. I'm thinking no since it's just a sole
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