My credit is terrible I have quite a few accounts in collections, charged off and delinquent and wage garnishment. Some of the accounts are not mine but the process of filing a dispute with the credit bureau has proven unhelpful because they would not remove the accounts. So I am trying to move forward in my life and get my finances and everything together but I am not sure if I should file bankruptcy because I feel like I can not obtain new credit anyway and either way it would take at least 6 months to a year to show that I am being more responsible but my main concern is my garnishment that will stay on for about 20 more months and I really need that extra money due to the fact that I am a single parent trying to get on my feet after leaving an abusive relationship and I just don’t know what to do. Morally I think the right thing to do is to pay off my bills but I don’t have any extra money to do so the money they are taking from my wages could be used to pay off my debt but the only way I can get it off is to file bankruptcy so what to do I am very confused and defeated right now please any advice on finances that could help!!
when I say the accounts are not mine that means I did not sign anything I did not ok anything and I was unaware of the accounts until I looked at my credit report. I have had my personal information stolen on 2 seperate occasions so while yes my name may be on the account I did not sign for them. I am woman enough to admit the accounts I opened I neglected but I do not want to pay back money for accounts or loans that I had no part of and I do understand that bankruptcy will effect my credit for years to come but I have 2 kids a job and school so yes finding another job sounds logical but physically and mentally I am not capable right now of taking on that extra stress and losing the 4 hours of sleep i get each night now. Thank you all for your insight and help Busso, Melvin and Irv thanks a lot you guys your answers don’t make me feel like a complete idiot.

I went online and viewed my credit report. I knew it would be low because I went through a bankruptcy about 4 years ago. I found out that I had several credit card sitting at a zero balance that I hadn’t used in years. I guess potential debt effect your credit negatively as well. But there are a few things on there that I don’t have a clue what they are. I think they were turned over to bill collectors and that’s why I don’t recognize the names…..one was "American Capital Ent.". I haven’t the foggiest what that is. How can I improve my credit score? It’s right at 600.

I need the email addresses for Wells Fargo Bank. They placed a libelous, incorrect negative comment on my credit report though my Visa credit card has been paid on time.

My daughter who shares the account with me is in the process of a Chapter 13 bankruptcy because she lost her job and can’t pay her bills. So, I have assumed full responsibility and have been paying the bill for a year now.

I have already called twice and sent certified letters to both Wells Fargo Bankruptcy and Collections departments. What do I do?

I have a few questions about credit reports and how to handle certain blemishes.

The first situation is that I have two collection accounts with a combined total of 2. One is from 07 and the other from 08. Should I go ahead and pay these off? Should I send a debt validation letter? Or should I just ignore them? My husband and I would like to purchase a home next summer and I want my credit score up as much as possible, but I have heard that paying off the debts can actually hurt your credit because the "date reported" date changes to a a current date. Is this true?

The second situation is what I believe to be a duplicate account listed on both mine and my husband’s credit report. It is from an account that was included in our Chapter 13 bankruptcy. There is a listing from the original creditor and then a seperate listing for what I assume is a collection agency called MBC INV for the same amount that was first reported 9/30/09 – two month before our bankruptcy was discharged. Is this legal? To send an account that is included in a bankruptcy to a collection agency? Can I get rid of this account?

Thanks in advance!

I have a account in charge off status with HSBC auto finance. I payed this loan for two years before filling chapter 13 bankruptcy. I made payments into the chapter 13 trustee for 3 years before falling ill, loosing my job, and becoming unable to make the payments. Since then I have tried to make good on my debts and pay some of the creditors. The one that I am having problems with is HSBC! I have called and offered to pay a portion of the debt in return for them to leave me alone and stop with the harassing phone calls. The phone numbers they are calling aren’t even mine but worse the people I listed as references 6 years ago. The first offer I made was denied and after pulling together my resources I was able to offer more money. The offer now sits at 50% of the balance. They still will not settle and the vehicle blue books for less than what I am offering, and still all I hear from them is the word RE-PO. I don’t want to have to file bankruptcy again and have had no problem with other creditors, but I have to do something ASAP before these people drive me crazy. Oh and I ran my credit report and it shows the account has been charged. Also the vehicle they want so bad has no value since it needs a transmission and has not run in almost 3 years. Any insight or advise is greatly appreciated.

I took out a private student loan to accompany my Stafford loans and scholarships for my undergrad. The loan was for ,000 and was co-signed by my parents. I was a freshmen when I took out the loan and am in my last semester now. A year ago, my parents filed for Chapter 13 bankruptcy, and things have gotten weird from there. My Stafford loans were left untouched, but my private loan defaulted (apparently because of the bankruptcy?). I of course freaked out, having not been notified that this would affect me like this, and went to a a credit check website to see what damage this had done to my credit report. Now I am thoroughly confused as to what’s actually going on. My credit report from all three bureaus shows that account to be "paid as agreed," is in good standing, is not delinquent and posts a {content} balance with a {content} scheduled payment. My other loans show their appropriate balances and scheduled payments. That loan is also listed as a closed account and is not listed in my total debt on my credit summary, but my other loans are correct to the cent. The extra notes from all three bureaus state that a claim was filed with the government for the insured portion of my loan balance and that the loan was sent to recovery. But again, the account is listed as "closed." It also lists that the loan was sold in the same month that my parents filed for the bankruptcy. Could that be affecting things? I have not been notified of anything and wouldn’t even know what was happening at all had I not gone digging. I have tried calling the loan company twice to inquire about this matter and have received no response. The loan company has not sent me anything to collect on that loan even though I should start repayment soon (I start repayment on my Stafford loans next month). What is going on here? I know that student loans are not covered under bankruptcy protection, but why is the account listed as closed and with a {content} balance? Is this going to come back to haunt me?
In response to the two answers, I have tried on three separate occasions to contact the loan company, First Marblehead. They have ignored my calls and inquiries, not bothering to get back to me. I have printed off my call log from AT&T as proof in case they try to deny it. I don’t want to get screwed over here.

Also, upon looking more in depth at my Experian report, I saw that this part of my credit history (the loan) is set to be removed in 2015, seven years from when the bankruptcy was filed. What is that about? If my loan was up for the standard repayment period of 10 years, then it wouldn’t be finished or removed until at least 2019. Any thoughts?
Also, though I am not listed on the bankruptcy, I was a dependent when my parents filed and am currently still a dependent. And at the time the loan was taken out, I could not even get a loan without a co-signer. I am beginning to wonder if they were put on the top line by the bank even though the loan was taken out for me.

After being laid off a few months ago… and having lots of debt for having to keep a roof over my family’s head, the **** hit the fan. So… long story short:

I’ve got 4 credit cards with accumulated debt of ,000 (pretty much due to expensive but normal life events that happen, NOT excessive spending), and I’m gonna man-up and take the frigging negative hits, I want to get this over with, start the clock ticking, and start fresh in either 7 or 10 years.

I’m could file for bankruptcy, which will show up on my credit report for 10 years. OR, I could just let the credit cards sue me and have default judgments against me, which will fall off my credit report and disappear in 7 years.

No guesses please. If one is favored over the other, please explain. Don’t assume there are any extenuating circumstances, this is just general for now. Check back for my updates to your answers.

Also, I’m judgment proof/insolvent. {content} to my name, no savings, no assets, 0 car, no furniture, no property, no house.

Because of certain family members requiring full time assistance, they will be needing my care for a while. So basically, I’m not worried about having my wages garnished because I most like will not even have anything for the cards to grab for a long while.

Bonus question: Does anyone know for sure, once all the judgments fall OFF my credit report down the road, do the credit cards purge me from their system at some point, and can I get a credit card with them again with a normal credit limit? OR do they keep me in their system forever, and refuse to let me have a credit card with them again? I could see them going either way. I know what they would favor!

After being laid off a few months ago… and having lots of debt for having to keep a roof over my family’s head, the shit hit the fan. So… long story short, I’ve got 4 credit cards with accumulated debt of ,000 (pretty much due to expensive life events that happen, NOT excessive spending), and I’m gonna man-up and take the frigging negative hits, I want to get this over with, start the clock ticking, and start fresh in either 7 or 10 years.

I’m eligible for bankruptcy, which will last 10 years on my credit report. OR, should I just let the credit cards sue me and have judgments against me, which last 7 years on my credit report.

No guesses please. If one is favored over the other, please explain. Don’t assume extenuating circumstances, this is just general for now. Check back for my updates to your answers.
I’m insolvent. {content} to my name, no savings, no assets, 0 car, no furniture, no property, no house.
And no answers with spam links.

I’m under 21 and I’ve had a secured credit card since May of ‘09 with a 0 limit. I’ve tried going to BoA and getting a loan but they only do their personal loans online. There is NO ONE I can ask to cosign (I’m only in CAPS because there is no one my dad died two years ago and my mom has double bankruptcy, I really don’t know any of my relatives as well). I’m not looking for pity or some stupid crap response I just want an honest true solution.
I’ve gone to Walmart and they wouldn’t approve it either. I’ve gotten my credit report and there is no negative items on it.
Ive worked at my current job making 15 an hour for over two years. Ive made every payment early. I think credit card companies are idiots considering I’ve lived on my own for three years and still no one wants to offer me a card with some shitty interest rate.

We are currently working with a reputable credit repair agency to fix our credit reports..we just don’t have time to do it ourselves. They have gotten all but 2 negative items removed from my credit report during this last phase, which was around Sept. 4. When will I see how this change impacted my credit score? I checked my score online & it’s still the same today as it was a few wks ago. Ex: of things removed..bankruptcy & about 10 negative items on all 3 credit bureaus.

She doesnt have very good credit. She has hardly any at all but has a score close to 600 but under it (we did a free report online) she has some charge offs but less then 5 neg. things on her credit report. The only reason that she has this is because her ex-husband now filed bankruptcy when they were in the process of waiting on their divorce. He didnt have bad credit either but filed cause he co-signed for a vehicle for his sister and she didnt pay so he was being sued so . . . she is worried now that she wont get the house. They arent giving any kind of an option to have a co-signor but she does make about 4 times the amount of the rent in the income. Do you think that this will matter? She is scared to death because they called her today and told her that they were doing the credit check. They did it about 3pm and havent called her yet so now she is her freaking out thinking that because they didnt call her back today that she isnt going to get it. Also some more info is that the people live out of state and they need to rent it to make the house payment still owed on it and so far she is the only one interested . . . please no smart remarks!
Yeah I know Twitter I tried to tell her that and she said that when she went and did the app that it looked like a basic one that you would fill out anywhere and they didnt tell her that they were gonna do the check on her she said she didnt think that they would but they also ask her for credit references and she does have other stuff people she pays car lots she owes to thats still not on there and she said she told them that none of it was on her credit yet but that they would all give her a good reference so maybe that will help. Thanks for backing me up on this maybe she will listen and call them.
maybe I should have added a lil info, my gf has 2 kids and currently rents a house which she has for 4 years now, she is just looking for a bigger one, she is responsible for all the bills and always has been. So I think that she knows how to pay her bills as I said she was messed up because she was married to someone that was. I think I also mentioned that she pays a car payment monthly and is never late, she has other things that she pays they just arent showing on her credit report yet. She isnt a low life with no money trying to get something that she doesnt deserve. Like I said 2 kids needs another bedroom, very responsible has had the same job for many years, pays all her bills, I was just asking an opinion, like do you think that if the people want to rent it bad enough that they will ask her to do some explaining before they turn her down and would you rent to someone in her situation. Thats all we are asking not how that she can get help w her money cause she can afford it.

I am now 27 years old, I have owed probably about 6 companies a total of mabe 6-8 thousnad dollars since I have been 18-19. I went online and checked my credit report and I saw that all of my old debts are not on there. the only debt is a lawfirm that is suing me for, 00.00 My dad said "after a certain amount of time they will be written off". What the hell is a write off and what really happened to my 00.00 in debt??
and can i still file bankruptcy because that is what I really want to do>

Thanks everybody and have a safe holidy season!

Between the time you file for Chapter 7 bankruptcy until the time your debt(s) is/are discharged, does your credit report change at all?

I know the credit report will change once your debt(s) has/have been discharged, but what about those months in between the official filing and the official discharge?

Thanks!

I just received a Bill Collector Bill from a jewelry loan from 1989, It had a last date of payment was 1991. Why would they send me bill after 16 years? I am pretty sure this was also all part of a bankruptcy that my ex and I filed during that life time. What do I do with this letter? I just started recently re-establishing my credit because I am getting ready to move out of town to buy some property. Will they somehow put this on my credit report. What do I do?

My boyfriend tried to apply for a credit card at capital one, and he got rejected. He tried taking out a loan for a home, and got rejected. He recently went online to annualcreditreport.com and pulled all of his reports off of there, only to find that his fathers debts were on his credit report because he and his father have the same name. We know his dad did not use his SSN or birthdate to create these debts under his name though, because he himself is going through bankruptcy trying to get these debts cleared off his name. So what were wondering is who do we hold responsible for it? The credit card company? the credit bureau? and what do we do about it?

We know that we can get this removed off his credit report, but were not sure of how to go about things.

& should we be compensated for the troubles he had to go through because of the times hes been denied.

If we decide to take this to court, should we get an attorney?
BTW Bruce, his FATHER is filing bankruptcy, not the son. I know he isn’t lying because I was present for all of it.
THE FATHER FATHER FATHER FATHER IS filing bankruptcy.

We got that clear now lol

I want to know who I send letters to to try to get it off his credit report.

Can you get rid of a Chapter 13 off? Who do I send the letter to- the attorney or the bureau? It was dismissed 07/2006. Credit report says it will be removed 09/2010
Any suggestions on what steps to take and in what order would help on this.

Everything below is filed under bankrupcty- Any suggestions on what steps to take and in what order would help on this.

Bank of America (included in bankruptcy)
removal date: 09/2010

Chase NA (Chapter 13 Bankruptcy)
removal date: 08/2010

GEMB/Wal Mart (Chapter 13 Bankruptcy)
removal date: 08/2010

HSBC (Chapter 13 Bankruptcy)
removal date: 01/2010

HSBC Best Buy (Chapter 13 Bankruptcy)
removal date: 08/2010

Kohls Department Store (Profit and loss Writeoff-Charged off as bad Debt)
removal date: 08/2010

Preferred Credit (Chapter 13 Bankruptcy)
removal date: 02/2011

Primus Financial- AUTO secured debt (this was filed in Chapter 13 Bankruptcy but it doesn’t say it on report) Repoed
removal date: 10/2010

Wells Farge- AUTO secured debt (Chapter 13 bankruptcy) Repoed
removal date: 10/2011

I want to try to get all of the above off of his credit reports. Any suggestions on what steps to take and in what order would help on this.

Inquiries:
-Weltman Weinberg, Reis requested on 06/2008

-Arrow Financial Services requested on 01/2008
permissable purpose: Collection

-Weltman Weinberg, Reis requested on 04/2008
permissable purpose: Collection

I would like to request information on these as well.

I know it’s alot. Any and all advice is greatly appreciated
Ok.. apparently I wasn’t clear…

I want to dispute EVERYTHING to try to get it off his credit report. I know it will disappear after 7 years, but it has already been 5 and if they can’t verify within 30 days, don’t they have to remove it?

I want to know what steps I need to take to do this. Letters? Contact anyone? Prove they haven’t abided by laws…

anyone?

A friend of mine is being sued by a collection agency for a very small amount. he has not been officially served notice by the county yet but knows that the suit has been filed because he was contacted by a group mailer of legal offices offering to help him file chapter 7 or 13 bankruptcy. One of them included the case number which he looked up online on the court records page.

He is going out of town for almost a week on business and will not be home. His house is currently for sale and no one is there. He also cannot identify the collection agency on his credit report so he thinks it is bogus. How long do they have to officially serve him before the lawsuit is dismissed? I have heard 30 days, but do not know for sure and I know it varies from state to state. If they have tried to personally serve him and he is not home will they send it via mail? He is investigating his credit report and the collection agency to see if it is legit and plans to settle before the hearing if so, but just wants to make sure if he is not there to be served that they cannot proceed with the case.

There is a judgment of eviction through the clerk of court on file from 2 years ago. Since then, bankruptcy was filed, credit has been established, no balances are any. My friend has 2 boys and currently lives with her parents in a one bedroom apartment. She has saved up enough, has a job offer and needs to move back to Florida, however this record shows through the clerk of court in Florida, not credit report, she doesn’t have that judgment in any of her reports and owes nothing. What would be her best option?

I went to a university in Michigan over 10 years ago(1998) and never finished. I have gotten a degree since then, but that is another story.

I filed for chapter 7 bankruptcy in 2000 and included this in the bankruptcy which because this loan was not backed by a bank nor was it a Stafford or any other type of government backed loan. It was like a payment plan you would pay every month to the school during the semester with no interest. Anyways I dropped out and received a credit and somehow I ended up owing 0 or so. Well it went to collections and eventually I just included it in my bankruptcy and so now 10 years have gone by and all of a sudden I am getting a notice contacting me about this "loan".

What can i tell them and or any information on getting this remedied. Also where can i get a copy of my bankruptcy files and debtors list of those I bankrupted so i can forwarded this info to them? Can i get it online? I would like to get rid of this because I will not pay it and I do not want it on my credit report as I have fix it so i am back on track having a good credit rating again.

Thank you for you help with this!!

with Sallie Mae and my understanding was that it wasn’t dis chargeable. Since that meeting I haven’t made a payment to my student loan and usually when I am a day late i get harassed by them with phone calls to my house, cell and work. I have not been contacted and on my credit report Sallie Mae posted that it was included in bankruptcy. My petition included Sallie Mae so is there a chance that I have slipped through the cracks and my loans could be discharged? I also try to log into my account online to see my balance and it is no longer available and it gives me a number to call. I call and can never speak with anyone. any help on the subject is greatly appreciated.