Can owing $400 for over a year get you in trouble - with a debt collector?
Simply put I have a lot of medical debt im paying of slowly but surely when I can. Most companies have actually been nice about it but another place the lady there is a real pain and she happens to call before a year of owing them is up (by the way they said they took my insurance originally). Anyway I tried working with her but her attitude was all or nothing so since i couldn't pay 100-200 at a time she put it into debt owed so it affects my credit rating. My question now is can I get sued or go to jail over this? I'm working to pay her off when I could, if i start working soon it shouldnt be hard but the lady there is really not a nice person and i wouldnt put anything past her. What's the worst that could happen with a debt like this? Also note to my name I really don't own much really Thanks
How long does a collection agency have to try and collect a debt?
Over 10 years ago I had deposited a check into my Wells Fargo checking account that ended up bouncing because the funds weren't available in the check-writer's account. Because of this, in time, the account was sent to collections. For a little while I think I got a couple letters from a collection agency but I wasn't able to pay it back then. Soon after the letters stopped and, as far as I remember, there was nothing on my credit report from this collection agency. They just disappeared. Just yesterday I received a letter in the mail from a collection agency asking me to pay this. Even after this long can they still expect me to pay it? Also, if I don't, can it still end up on my credit report even though it's more than 7 years old? I'm also worried that, if I DO pay it, it could still end up on my credit report, shown as "settlement in full". I don't see how they can put something on my credit report that's so old. Can they?
Limit to how many times I buy/sell stock from one company a single day?
I'm posting again because I don't thinkg I was clear in my previous post. This is in relation to a warning Scottrade gave me about two years ago. As an example, let's say I'm interested in MSFT stock. I buy 10 shares at 10AM. I sell them at noon. Then I buy 10 more shares of MSFT stock at 1PM, and then I sell at 2pm. I do the same thing several times (buy and sell shares of MSFT) until the market closes. Is this really possible? The reason I ask is that Scottrade (I believe) gave me a warning about two years ago for doing something like this: I bought some stock from one company, sold it, and then bought it again. And then I sold it. And this happened the same day. I think Scottrade told me that I needed to hold on to the for a longer period of time. Thanks again.
I had a JCPenney Credit Card that went to a debt collector. from 16 yrs ago, What to do?
I had a JCPenney Credit Card that went to a debt collector. now a collection agency called me , told me the JCP account is from 1998, and went into collection 2007, now this collection just showed up in my credit report back in November 2013. (it shows two different collection agency's for the same amount) is there a limit of expiration to collection of a debt ? im not even sure what to do trying to buy a house and this has knocked down my credit significantly. HELP!!! Thank You.
Debt Validation in Texas?
The TFC is much stronger than the Federal FDCPA, (it's a pity the other states don't mirror the TFC) but, if you failed to invoke it then you may find it difficult to sue or report them at this point if it comes down to that. Much would depend on how your validation request was worded, if you invoked the TFC and/or requested removal of the tradeline from your credit reports. If you sent disputes to the consumer reporting agencies (CRA's) during the time the alleged debt was under validation, and if so, if they verified the tradeline allowing it to remain. Since you hadn't received a timely response then if you had sent a follow up letter specifically invoking the TFC after the first 30 days from the date they signed the certified green card and before the date that they finally did respond to your validation request. If you did any of that then I would say go after them. If you failed to do any of that then now the questions would be.. If the validation they provided is proper, did it come from the files of the original creditor or from the collectors own files, did it contain all of the required info, etc. If what they are reporting on your credit reports is being reported accurately, so often there are inaccuracies. If they are bonded to do business in TX. (you can check up on them on the TX Secretary of State website) If they were assigned the debt, if they have the right to collect because of ยง392.306 USE OF INDEPENDENT DEBT COLLECTOR. A creditor may not use an independent debt collector if the creditor has actual knowledge that the independent debt collector repeatedly or continuously engages in acts or practices that are prohibited by this chapter... you can check with the Office of Consumer Credit Commissioner to see if that collector is on the naughty list. I would suggest going to the site I've posted in the source box and do some searches and reading in the Credit Forum, do simple searches for texas and also do a search under the term "texas mother thread", which is a gold mine of info for TX laws. The site is totally free to read, use any info you find on it and to ask any questions you may have.