You need to take the letter the original creditor gave you and send a copy of it to who ever is stating that you owe this money. And ask them to remove the incorrect listing from your report. Only the creditor that added it to your report can remove it. Tell them that it was falsely reported and if they don't remove it call the Federal Trades Commission. They can advise you on what you can do. When you send the letter to them along with your proof. Make sure to send it certified with receipt as proof they got it.
As you have not sufficient asset to repay debtand collector has filed a lawsuit against you, so i will advice you to consult with a bankruptcy attorney to determine whether or not your filing for bankruptcy protection will help you resolve this debt.
You want legal advice with experience person who can help you for legal advice in proper direction. But as per my knowledge once a creditor had filed a lawsuit against a debtor, the creditor generally becomes less willing to negotiate with the debtor, which is why bankruptcy, which would force your creditor to stop its collection activity, may be a good choice for you. As I said before, I am not a bankruptcy attorney, and I do not know all of the details of your financial situation, so I am not in a position to tell you whether or not you should file bankruptcy. However, I can discuss some common issues that may help you decide if bankruptcy is the right option for you.
You will have to start rebuilding your creidt rating with secured creidt. Make sure the banks report to the creidt bureaus, otherwise it does no good.Go to the bank you do business with, ask them if they have a secured creidt card, if they do open a new account with $300 $500 tell them you want a secured creidt card against that account. Use the card for small purchases like gas or food and pay the card off entirely each month on time.Also you can take your savings account and save until you have $1,000. Tell your banker you want to take a installment loan out against the savings account. Take the money you receive and put it in your checking account to repay the loan. Pay it off in 12 months. Lenders like to see a mixture of creidt, revolving, installments, personal loans.After a few months you can try for an unsecured card again. Retail store cards and gas cards are normally easier to get.It takes 24 months of consistent on time payments to re-establish a good creidt rating.
You had a bankruptcy, and you want MORE debt???How much can you afofrd for a car payment?$ 500/month?Start putting aside $ 500/month for your car payment, but put it in savings instead of giving it to the car dealer.In 4 months, you can buy a $ 2000 car.That's about a 1994-1995 with 150,000 miles.Then, continue putting aside $ 500/month. Within two months, you'll have $ 1000 in the bank to cover repair bills.Then, open up a stock broker account, and continue putting aside your $ 500/month car payment , and let it grow in a mutual fund. Was this answer helpful?
You need to take the letter the original creditor gave you and send a copy of it to who ever is stating that you owe this money. And ask them to remove the incorrect listing from your report. Only the creditor that added it to your report can remove it. Tell them that it was falsely reported and if they don't remove it call the Federal Trades Commission. They can advise you on what you can do. When you send the letter to them along with your proof. Make sure to send it certified with receipt as proof they got it.
As you have not sufficient asset to repay debtand collector has filed a lawsuit against you, so i will advice you to consult with a bankruptcy attorney to determine whether or not your filing for bankruptcy protection will help you resolve this debt.
You want legal advice with experience person who can help you for legal advice in proper direction. But as per my knowledge once a creditor had filed a lawsuit against a debtor, the creditor generally becomes less willing to negotiate with the debtor, which is why bankruptcy, which would force your creditor to stop its collection activity, may be a good choice for you. As I said before, I am not a bankruptcy attorney, and I do not know all of the details of your financial situation, so I am not in a position to tell you whether or not you should file bankruptcy. However, I can discuss some common issues that may help you decide if bankruptcy is the right option for you.
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You will have to start rebuilding your creidt rating with secured creidt. Make sure the banks report to the creidt bureaus, otherwise it does no good.Go to the bank you do business with, ask them if they have a secured creidt card, if they do open a new account with $300 $500 tell them you want a secured creidt card against that account. Use the card for small purchases like gas or food and pay the card off entirely each month on time.Also you can take your savings account and save until you have $1,000. Tell your banker you want to take a installment loan out against the savings account. Take the money you receive and put it in your checking account to repay the loan. Pay it off in 12 months. Lenders like to see a mixture of creidt, revolving, installments, personal loans.After a few months you can try for an unsecured card again. Retail store cards and gas cards are normally easier to get.It takes 24 months of consistent on time payments to re-establish a good creidt rating.
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You had a bankruptcy, and you want MORE debt???How much can you afofrd for a car payment?$ 500/month?Start putting aside $ 500/month for your car payment, but put it in savings instead of giving it to the car dealer.In 4 months, you can buy a $ 2000 car.That's about a 1994-1995 with 150,000 miles.Then, continue putting aside $ 500/month. Within two months, you'll have $ 1000 in the bank to cover repair bills.Then, open up a stock broker account, and continue putting aside your $ 500/month car payment , and let it grow in a mutual fund. Was this answer helpful?