Bad credit? - bad credit credit cards canada
Hello! I have a friend who lives in California, who lost his job three years ago. He stopped paying their credit cards coz she lost her job and now have bad credit. Creditors have claimed since then. Can you go to jail for a bad credit credit cards? What you should do to resolve this problem and get good credit again? His credit was good for 14 years. Thank you (love for a lawyer out there that I need to answer this question sounds)
Tuesday, January 12, 2010
Bad Credit Credit Cards Canada Bad Credit?
7 comments:
It debtor prisons in the United States. The debts are civil matters. The debt will stay on your credit report for 7 years from the date on which they are not on it. There is also something of the statute of limitations (SOL). After the sun has been exhausted, no longer has a legal obligation to pay. See link below for the SOL in your state. The accounts of credit card debt are always open.
http://www.cardreport.com/laws/statute-o ...
In general, business credit card bad debt for pennies on the dollar to buyers of non-performing loans (JDBs) after the account was for sale, in arrears for six months. He begins to aggressive debt is low just before the ground harass, too. That can not be legally allowed to collect money without a prior civil action against the debtor. Some JDBs is a complaint in the hope of a conviction in absentia. If your friend is always served with court papers, must answer the charge. When the sun is exhausted, which is an affirmative defense and the demand is, must be abandoned. When filing a complaint in the SOL, often accept a bank JDBsement of a fraction of the original debt. If they do not provide the settlement, a good lawyer would have the right of consumers to accept readily the case dismissed.
Good luck.
No, do not pay your friend to prison for his debts not. To solve the problem, I suggest that you start something like that. First, you should obtain a copy of your credit report, then go through everything and find out who you are and if all information is correct. May you find some inaccuracies and submit this article. Go With regard to the collection calls, you get your information when the collection and then send a reminder. This will lead to at least stop calling you. It was with real credit bureaus and diligent collectors. Keep copies of everything you send and we'll send. You should be able to negotiate with creditors to pay them. They know they do not see a penny from you, they can reduce the debt to almost nothing. But do not stop just because the inclusion in your credit report will probably say something like resolved or payment plan that is still considered bad by the lenders. You want to negotiate with them about how this ad on your crYou will edit the report. Want to be paid as agreed, etc ... If none of this was unclear, it is a resource and its use must be cleaned by far the most comprehensive guide to your credit card. Visit the following link to obtain a free copy of this manual.
Only the colored people time were not imprisoned-payment. However, your situation is serious. Visit http://www.cheap-credit-cards.org for a free credit repair tutorial. Bankruptcy should be the last resort, because it remains in its history of 10 years. I wish you good luck
In the U.S. there are only two types of debt you can go to jail for not paying child support .... and taxes.
no prison
Maybe he wants to file for bankruptcy
I have a lot of people come asking for information on loans. Well, if you need to solve your problem \\ \\ \\ \\ \\ \\ \\ \\ u0026lt too;! - Bad Credit, you must also know how to cope. Of course, even if you have bad credit, can borrow. Many factors can contribute to someone getting credit for "poor" rating, including the non-payment of an account or late payments over a long period of time.
http://badcredits.awardspace.com/
Here you will find what you want. They can be described as a credit risk to financial companies. This can make - to arrange> loans or other financing, and usually means you pay more interest on loans they receive.
All they can do is to harass him further. The worst thing would be, whatever money you have, in the form of money that can be used by garrnishing wages. This means that if he has a job that a certain percentage of their control until they are confident can take over. You can also use something like a collection agency. The money for the card companies raises. If payment is not, then you could be sued for money. Maybe. But his will not be caught at it. Simply the rest of his life living in fear that one day you get your money. I wish him good luck. Sorry to hear it!
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