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anonymous08
Guest
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Post subject: to "jerry" |
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| I've called Americredit, and they will not tell me what collection agency my auto loan went to. All they want is "what is your address, where do you work? what is your job title?" I want to take care of this. I even got a copy of my credit report online, and nothing shows up there. Any ideas? |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7447
Location: bloomfield, ct
70.06 Dollars($)
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Post subject: |
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did americredit give you a reasonable explanation for why they wanted your information? are you certain the loan was transferred to a collection agency?
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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anonymouscleve
Guest
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Post subject: mortgage after foreclosure |
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| i have a rental property that has fallen into foreclosure for many reasons. After the sale, there will definitely be a balance due. Will the mortgage company at that point want to settle for less than the balance? |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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Post subject: |
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Hi anonymouscleve,
You can negotiate with the lender and check if he is ready to settle for something less than the balance due. You should note that it would be the discretion of the lender whether he would agree to it or not.
Thanks |
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NOTaflake
Guest
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Post subject: charge off |
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| I have a visa charge off from 5 years ago that I absolutely don't remember. It was a $150 balance that I guess I literally forgot about. Now I have been charged off and sent to collections. Can I negotiate with the collection agency to have the Visa charge off removed? Or do I need to negotiate with Visa? Basically, what is my best course of action to get this completely removed from my credit history? |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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Post subject: |
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Hi Guest,
Any negative item will remain on your credit report for 7 years. However, I would suggest you to contact VISA and negotiate with them. You can ask them to take back the account from collections. Once your account is removed from the collections, you can pay off the amount.
Thanks |
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NOTaflake
Guest
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Post subject: so... |
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| So the collection agency cannot remove the Visa charge off? |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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Post subject: |
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Hi Guest!
Welcome back to forums!
As far as I know, a collection agency would not be able to remove the charge off from the credit report. Once you negotiate with your creditor and pay off the dues, then you can ask your creditor to contact the credit bureaus and try to remove it from your credit report.
Feel free to ask if you have further queries.
Sussane |
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theman757
Guest
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Post subject: Charge offs |
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| Can A creditor still file a charge off even when they are accepting payments? We are one month behind but still making full payment and trying to pay a little more if we can, and we just recieved a letter that we are going to be charged off. Can they do that? |
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Ana
Guest
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Post subject: |
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| Mostly creditors charge off the loan, if you are delinquent on your payments. I guess, the lender has charged off the loan because you are one month past due on your payments. |
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silly billy
Guest
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Post subject: unpaid credit card debt in europe |
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| have 2000 pounds owing on credit card and am waiting for payment from tax to pay off what can they do if i have moved to another country |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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Post subject: |
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Hi silly!
Welcome to forums!
They cannot garnish your wages in the other country or place lien on your property situated there. However, they charge off your account to a collection agency.
Sussane |
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Hilton
Guest
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Post subject: charge offs |
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| I recieved a "warrant in debt" (civil claim for money) concerning a credit card account that was charges off in April of 07. This can from a collection agency, Carmel Holdings, LLC). The original holder is HSBC. Can the collection agency legally sue me for the charged off debt. If so, who do I negoiate with to pay the debt? What percentage should I try to settle the debt for? Thanks for your comments! |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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Post subject: |
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Hi Hilton,
Yes, the collection agency can sue you for the charged off debt. You can contact the customer care department of the collection agency and negotiate with them. As far as the percentage of the debt is concerned, it will depend upon how much you are able to pay. However, you should note that the collection agency is not liable to accept your request for a low payment.
Thanks |
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Chandra_B
Guest
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Post subject: Charge offs |
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| 5 years ago we had our vehicle repoed, we were notified about the amount the vehicle was auctioned off for and our remaining balance we owed. We paid $110.00 per month for over a year. We refinanced our home to get the money to pay off 90% of the remaining balance, we were told that our debt would be considered paid off if we would come up with 90%. So we paid the 90% and they sent us a note stating that they would update the credit bureaus and our debt was paid in full. Well, months later I check our credit report and the debt is showing charge off/bad debt and now they are reporting the balance that the vehicle was auctioned off for, which I thought was to go toward your debt. I contacted the credit bureaus and the company is still stating that the debt owed is correct. There should be no debt, it's been paid off. When I contact the company to speak to them about this matter, they have no information on our account, they say it can not be found. Yesterday my husband and I tried to apply for a refinance on our home and there is the repo to haunt us again. The debt has been paid since May 25, 2005, but they are still reporting that it is not paid off. I hate the looks people give us when they see the repo on our credit, it was a medical reason we got behind and the finance company was not willing to work with us until we were so far behind and even then they would only defer one payment, ha lotta good that would have done being several months behind. |
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