Monthly Archives: August 2015

Which kind so of companies usually let debt go high amount?

I have all kinds of debt at this point. I just saw an old very small dental bill on a credit card meant for dental only charged off. I’m wondering which company types or amounts are not worth continuing to persue so I can expect other charge offs by them. I had a care repoed, and the debt is 1700.00 I don’t have money for payments, wondering if they will give up and charge that off or if maybe Mastercard for 500 will as well given the debt is so small too? Or how long they typically hang on before they set account to charged off???

Unfortunatly, the bill will never go away. They will probably charge it off after a while, and RESELL the debt to a third party debt collector. These slimy agencies buy your debt for PENNIES on the dollar and try to get the whole amount plus interest and fees. Usually the debt is past the statute of limitations(time varies from state to state) and they can’t take you to court ever on it. They can hound you for ever on it. Please investigate your consumer rights before paying ANYTHING. DON’T leave yourself broke, it is not worth it. Google “consumer rights”. Good luck! Your debt seems very low, so take care of your family FIRST!

I am wondering what I might do in the following circumstance.  On my recent credit report, an account was charged off.  Then I began receiving bills from this same company again.  It is a credit card company – not a collection agency. My understanding is if they can convince you to make any kind of payment, they will resent the credit time for the debt to remain on your credit score. So if it’s been 3 years, and the typical score holds it for 7, and they may tempt you to make even the smallest payment. The time resets to day one of 7 years, so if you ignore the bill, the debt will roll off in 4 years, if you goof, and make a payment, it will be 7 more years!

I’m in OR, have tons of debt from an auto injury that hasn’t settled. I’m not sure what to do, settlement may be right away, or in up to 5 months. One co. has me going to court next week for a judgement examination of debtor. Can anyone even say they’ve been there? I don’t know what to expect, I offered a last ditch offer in writting to the collections agency for a payment plan that was a reasonable offer but they refused and are forcing the court thing.

My husband and I are way in debt, barely able to manage our bills and have no idea what to do! Debt is approx. 9730! Right now in the winter my hubby and I are making approx. 1960 a month. Ouch. Bills are as follows (for the month!):

  • Rent 500
  • Groceries 260 (barely enough!)
  • Oil Bill (every 6 weeks, try not to use unless we have to but landlord uses lots and high! we pay half, she pays half!) 250
  • Car Pymt 395
  • Car Ins 95
  • Gas 240 (my job is 15 min away, hubby’s is 10 min, car is non negotiable as no bus route runs near either of our works and we can’t rely on anyone for drives)
  • Debt 255 (MINIMUM mthly payments)
  • Laptop 85 (almost paid off, paid off in Sept of next year I believe)

That’s what I can think of right now. Almost all of it at least if not all of them.

My doctor says a little stress is good for me

StressI am now please to be part of a blog that can help me to solve my problem of stress. It is hard to keep low, my doctor says a little stress is good for me. If anyone can help with advice I am willing to listen. I will be happy to help as much as i can! The first thing is to try to keep things in perspective. Whatever is happening is probably not as bad as it seems. What is causing you the most stress?

I would exercise if you can to relieve a little stress. My stress is work related being in public sector could lose my job. Have faith in yourself, mind off of anything that might cause the stress.
Try to distract yourself in something you enjoy, in the meantime you do ur work. Try to count 1 to 10 or 20 when u find urself getting stressed. If you are religious, you need to practise some prayers to relieve your soul.

Good luck, try to calm yourself, try to do something you enjoy for a change, go for a walk, try to unwind and do anything that you might find your interest in it! Try real hard to remember what is important to you in your life. I used to be very driven and very job focused. I have lost many things in my very long journey, and have learned a lot about what truly is important and it was not my job. I had to focus on happiness (that took a long time to truly understand what that was). What used to be important is no longer important, and what should have been important, finally has become important to me. Do you have good friends and family for support?

I know how you feel, i used to work in the private sector in Accounting and every time the cash flow was slow I would panic. I now work in the public sector but still have the fear of being without work. How I cope is by trying to save my pennies…I eat breakfast at home, bring my lunch, bought a coffee pot at work trying not to spend. This way my “emergency fund” is getting larger and this makes me feel better. I also looked for ways to make extra money on the side so now I make and decorate cakes, cookies and cupcakes. I don’t make a lot of money but it forces me to relax, do something that I enjoy and make a little extra money…all at the same time. Do you have any hobbies that you can turn into a cash flow? I know this is all about money but having some extra in my pocket relieves my stress and fears of being laid off.

I did just lose my job, but i saw it coming. It was no fault of mine, our part of the contract ended after a 9.5 year run. My company kept me on for 3 more months, but we do not want to leave where we live. Since I saw it coming, I dropped all debt payments to the bare minimum and stashed cash. We can survive a few months, but God has never failed us yet.

You may want to go ahead and cut expenses to bare minimum and start saving as much as you can. It might also be good to start looking without alerting you current company and staff. It is better to reduce spending to a minimum. I have been doing that for about a year now. I also buy the cheapest items in the supermarket own brand product, they are ok to use. Making sure you maximise the benefits entitled to helps. There are allowances and bits of money we can all claim available with research.