Stopped paying credit cards for 7 years??!!!? related questions

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Stopped paying credit cards for 7 years??!!!?2Njeri2012-10-27 03:36:02
I recently learned that my handicapped brother had gotten about five credit cards for seven years. He made a very poor choice of maxing them all ( a total of ten thousand or so) and then not pay a cent for them . He said he called for the first year , but now they have contacted in the last six years. So I guess they are definitely a kind of collection agency. But I wonder why just stopped trying to get the money . Each card was only in 1500 that maybe therefore is that it is a small amount stopped trying ? It would not be hard to find, so I can not imagine why they were not seeking repayment of what you owe. He's never going to need a loan , credit or, for that matter considering his disability and how it affects your life , so it has no intention of making a payment and seems to think that everything just let it go . Have they ? What will happen if you continue on this path ? Any suggestions or advice would be greatly appreciated.
What will improve my credit score faster- Paying off an auto loan or paying down credit cards?0leroy2012-10-19 10:22:08
I get my credit score up a bit more , but I'm not sure what would be more beneficial . Pay my Full auto loan ? Or pay some of my credit cards with high limits ? What is the best option to improve my credit score ? Besides, if I pay some of my credit cards fell my limits ?
Paying loan for 2 years and 4 years. Which one is good for building credit score?1sirenia2012-10-11 12:50:04
I want to build my credit score , so I bought the care dealers and make a loan of $ 7,800. I wonder what I pay for four years to build my credit score or I have to pay only enough for two years . I have really wanted to get a score of 720 is up why I do a loan now and pay my pill on time. My credit score is now 666. After paying my loan - I followed another loan for just building credit score later. Can someone please help me any credit strategy to build up 760 + ? I canceled my Bank of America credit card and HSBC ( in 5 years ) in 2010 for new capital because HSBC security is bad . I always scammers who took my money on this card , so I canceled. But now I realize how stupid I am I really do not know that credit history is very important to me to borrow from you borrow this car . Because of all these reasons , I am trying to do all along . My goal is to have a home for the next five years , so I want to ask is if I pay all bills on time, use credit and pay the full amount each month, and make two more loans to build credit score , I can get the credit score of 760 + Club . What else do I have to do next ? . My cross revenue is about 55.000 to 65.000 per year. I'm honestly asking all manner experience , and I appreciate it . MedlinePlus MedlinePlus thank you
What would happen if i stopped paying for a car?3Nastia2012-11-05 15:55:02
What if I leave my payment has been taken by a car that was volunteer completed almost a year ago , the car loan was canceled when they took the car back , but then I said that was part of the monthly payment of a personal loan and payments have continued what would happen if I just canceled it in the bank ?
I've stopped paying my CC, what can I expect, and should I just file Bankruptcy?3Tha2012-09-11 21:43:04
Someone please help me solve this. I've been out of work for over the last two years. I recently started a job and I'm doing just enough to live on and has gone with a friend to save costs. I had perfect credit until now ... only 2 months I lost my first two payments on my credit cards and have not made a payment since. At first I told the CC company that I was not able to make a payment for a few months, but now I see that I have enough money to make a payment at all and I do not see that kind of money again in my current job . I see no possibility that higher pay, and believe me I've been applying for the past two years. My debt with the two cards is 20 k each, with a total of 40K in debt cc. Also I have 14K in student loans on top of that, what I just caught up payment. These debts are all school expenses, I thought I would be able to pay them off soon after school, but, but was not able to complete the program. My question is this ... if I do not pay my cc debt, no home or property, and my car is a pileup, have no dependents, eventually going to happen? I am already being called 13 hours a day by collectors and it's only been two months. Would it be better to simply filing for bankruptcy? My income was 43K 3 years ago, and now in the last two years have been a total of 15 K (mainly won the second half of 2008). If my credit is going to ruin anyway, why not just file chapter 7 bankruptcy if I have no way to pay in the next decade? Bankruptcy seems my only option, but I know I'm desperate and I hate to do something as drastic if there is a better way ... I just need to know what the best way is and what to expect. Please someone enlighten me. Thank you!
I finance a car for a friend, his name is not on the loan, he is got the car but he stopped paying,?14Shirley2012-09-10 16:10:02
now I have to pay for the car , but what I can get it back?
My sisters ex husband has stopped paying alimony?1biti2012-10-16 06:33:02
My sister divorced because she found someone else . MedlinePlus MedlinePlus Basically the house rose , children and gave the car , it was a nice thing to do , as it could have been . MedlinePlus MedlinePlus Basically , she has no job and is dependent on him to repay student loans for women's studies , as well as child support and alimony . MedlinePlus MedlinePlus Has failed to pay child support as well. MedlinePlus He says he is barely able to pay for your medicine . BS . It's called insurance . I should get some MedlinePlus . MedlinePlus I have really wanted to turn around to wherever the hell it is and kick his . MedlinePlus *** MedlinePlus My sister wants to know if there are legal options for this?
What would happen if EVERY person in the country stopped paying their debt all at once?2grouse2012-11-05 12:48:05
It seems that the debt is the American way of life today, and it seems to be getting better in the future unless drastic changes are made in our country . If the figure averaged over all U.S. households , the amount that comes to over $ 120,000 of debt per household . When 1 in 3 Americans have no savings , how do you think that many will be able to pay off your debt ? MedlinePlus MedlinePlus Many people will be in debt until you die , if you just make the minimum payments . But what would happen if everyone , all at once , stopped paying her credit card, mortgage , auto , and student loan payments ? Forever? What could I do to banks ? Can they really make their homes all at once? And have 60 million families homeless? There are not enough police to enforce that. Do repo men towing millions and millions of cars away at once? Not enough repo guys do that . The big banks really could not do anything if the entire population rebelled and stopped making payments on the debt for good, the banks would collapse because they make huge profits on interest and late fees . It may not erase the record of debt , but it would be impossible for banks to enforce anything if everyone rebelled at once. MedlinePlus MedlinePlus This idea would only work if literally everybody did. It would not work if only a few families did. It's time to stop being a slave to the big banks. It's time to stop being afraid .
My brother stopped paying his car loans.I'm also on the loan. Just bought a house.?5Lincoln2012-10-24 19:25:03
I can not afford to pay their monthly loans . Both are on the loan . He did pay for the last 18 months. What will they do now ? Can they forced me to sell my house ? My brother has really bad credit history , so you can not refinance.
I stopped paying my car loan, and I still have a year left, it supposed to be repo'd, can I still pay it off?1SHAREEN2012-09-19 17:06:03
I stopped paying my car loan due to financial difficulties and have not paid , say , eight months . Repo Men have been looking , but I'm hiding somewhere discreet. I have one more year on the loan. ? I can pay the remaining balance and not get hit credit ? Will you continue in my car ? ? I can be taken to court and sent to the dwarf ?
I had several credit cards become 30 and 60 late over 2 years ago, I can now get approved for a VA home loan?1Princess2012-10-03 19:51:03
Over two years ago I was having financial problems ( too many credit cards and car loans 2) , this resulted in several credit cards (around 6) 30-60 days late making each one of my loans automobiles. Now I am completely debt free except for a student loan. Pay what you should not negotiate a lower amount. Will I now be able to get approved for a VA home loan ? ? ? Or did I ruin my chances of owning a home?
What happens if you stop paying the credit cards? ?2TennisPlaya 2012-11-02 07:49:02
It is unsecured , so what kind of measures can be taken to make you pay ? I know you threaten " legal action " , but to what extent this ? Anyone had any experience with them ?

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