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.