Sometimes i get letters from credit card debt angencies saying i owe the same balance that i had for 6 years, but sometimes shows more balance with intrestest but only one letter said this, the rest all had same balances which were 6 years ago when i was in debt of £2,000, but one letter said £6,000, i have not replied or ever gotten back to the debt credit card collectors, agencies etc, so whats going on, does default mean no intrest charges?

Like I’ve already told you, you just wait until they finally catch up with you and you’re in for the surprise of your life! "Interest" won’t come into it ! ! !

I received an email stating that I need to pay an overdue payment.  Do not know where this payment is coming from.  I installed the Microsoft Office 2007 60days free trail version.  I can only contact the Microsoft by email.  And the debt collection have no numbers to call, only email.  I did not receive any emails indicating I have to pay. The email said that this email is using a demo verision of FollowUpExpert as part of the evuatlation process.  Do u think this is a fraud?  What do I do?
Microsoft Word-CollectionNotice
NDC DEBT COLLECTIONS INC.
ACCT #: XXXXXXXXXXXXXXXX
AMOUNT: 0.00
INTEREST: 0.00
RATE: 0.00
FEES: 0.00
TOTAL DUE: 87.03 (WILL SETTLE FOR THIS AMOUNT)
PLEASE BE ADVISED THAT WE HAVE BEEN RETAINED TO COLLECT THIS DEBT FROMOUR CLIENT. WE HAVE ATTEMPTED TO NOTIFY YOU ON SEVERAL OCCASIONSREGARDING YOUR DELINQUENT ACCOUNT. WE THOUGHT IT BEST TO STATE OURINTENTIONS AND MAKE IT CLEAR THAT WE INTEND TO COLLECT THIS DEBT USINGALL AVAILABLE MEANS AT OUR DISPOSAL.UNLESS WE RECEIVE PAYMENT FROM YOU, WE WILL ASSUME THAT YOU HAVE NOINTENTIONS OF LIQUIDATING YOUR DEBT VOLUNTARILY. WE WILL ADVISE OURCLIENT THAT THEY MAY WISH TO FILE SUIT AGAINST YOU TO RECOVER THIS DEBT.PLEASE UNDERSTAND THAT IF LEGAL ACTION IS UNDERTAKEN, IT COULD BE COSTLYAND TIME CONSUMING. IF YOU SHOULD LOSE IN SUCH AN ACTION, YOU COULD ALSOBE SUBJECT TO COURT COSTS AND/OR ATTORNEY FEES, IF APPLICABLE. THERE AREVARIOUS AVENUES WHICH COULD BE USED TO SATISFY SUCH A JUDGEMENT. THISCOULD INCLUDE GARNISHMENT OF WAGES, SEIZURE OF BANK ACCOUNTS OR OTHERPERSONAL PROPERTY.IT IS NOT OUR INTENTION TO THREATEN YOU BUT TO POINT OUT THE PROBLEMS ANDCOSTS ASSOCIATED WITH REFUSING TO PAY YOUR DEBT. WE HOPE THAT NO FURTHERACTION WILL BE NECESSARY AND YOU WILL AGREE TO OUR AMICABLE PAYMENTARRANGEMENT.PLEASE: TO ENSURE PROPER CREDIT, REMIT PAYMENT IMMEDIATELY.FOR YOUR CONVENIENCE WE MAY BE ABLE TO ACCEPT PAYMENT ON YOUR ACCOUNT INTHE FOLLOWING METHODS: PAYPAL(VISA, MASTERCARD, AMERICAN EXPRESS,DISCOVER, OR ECHECK).PLEASE FOLLOW THIS LINK TO MAKE YOUR PAYMENT: https://www.paypal.com/cgibin/webscr?cmd=_s-xclick&hosted_button_id=7926752THIS COMMUNICATION IS FROM A DEBT COLLECTOR.THIS IS AN ATTEMPT TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BEUSED SOLELY FOR THAT PURPOSE.

write spoof@paypal.com foward the email to them and if u dont have it anymore tell them about it. its paypays fraujulent detectives. i received the same email i called paypay they gave me this email and said to do that they told me that is not their email.it is fake dont send money

Is there a limit to how big of a purchase I can make with my debt card? As long as I have the funds in my bank account I should be able to purchase anything as long as it doesn’t exceed my balance right? Would my bank deny a large transaction for security purposes? I’m just curious as I need to pay about $1400 and wondering if I should just withdraw the cash if it’s going to cause problems by me using debt to pay for it.

thanks

Credit and Debit Cards Questions including "How to prevent and report credit card fraud or identity theft" and "What can you do if your credit card company …

Is there an exact amount of debt or is it if you have any kind of bills in collections no matter the amount? I have a couple of bills in collections that equal to about one thousand dollars. Would that disqualify me from getting a secret security clearance from the army? If anyone knows the amount I would appreciate the help.

They’re looking for anything which might be likely to leave you open to coercion by unfriendly agents. In truth, this could be any level of debt which you cannot manage in their opinion.

For instance, if you had a total debt of $1000 with a credit card company, but your salary is $2000 per month, this is perfectly managable.

However if you had an unsecured loan-shark debt of $1000 at 200% interest per month and no salary, they might view it differently.

Best regards.

am in serious need of help, but everytime I think I have found something, the company only helps with credit card or mortgage debt. i have student loans and medical expenses that I need help with. Thanks for any advice.

FYI, there is very little that you can do about student loans as they never go away. try www.nfcc.org

I am the second cardholder but my debt is huge. I’ve used it to pay my university and now my mother (who is the first cardholder) is putting a lot of pressure on me. I only pay the minimum because I’m a struggling graduate …but it is too much already £160 per month and I can never afford to pay interest (which is around £125.)all my money goes to the credit card.
She refuses to talk about it or help in any way so I wanted to know if I can do a balance transfer and therefore paying off this one and become the first cardholder of the new one. so that she doesn’t do my head in and so that i manage to pay it off.
I didn’t use it to buy goodies or unimportant things so pls don’t judge.

thx
btw, the debt is £6000
and it’s been 4 years of debt and i’ve never missed a payment
I’m desperate now

You’ll be lucky if any balance transfer gives you even as much as 2k.
Why don’t you try for a bank loan instead?

I need to know what the total budgeted federal debt it. I have found the actual federal debt, but not the budgeted federal debt. Need help ASAP! Thanks!

Debt is not budgeted. Debt service is budgeted. For example, anticipated interest payments, amortization of bond principle, fees, etc. Good question! Should be included in the budget list.

Think tax rates will need to rise? I think so!

My fiance is in about 2k of debt and really stressed out all the time. I feel like his stress from his debt is getting in the way of our relationship because he is not as happy as he should be. When he first got in debt I offered to help but he refused, since my income was not that great at the time either (but I had money saved up that I could lend) and I think it hurts his pride to. He works but has bills to pay and even when he does put money towards it it’s not enough and it just grows and never really shrinks. I am going to start a new job soon where I will be making some real money and I really want to just help him pay it off so we don’t have to worry about it coming back later on. Do you think I should just let him keep trying to pay it off him self and not even try to offer the help or try to help again in the future when I will be making some decent money? He is most likely going to refuse again but I atleast want him to know that if he wants to end his debt at that time he could.
In case it matters, he originally got into debt because of schooling. Before he was 18, (he started college a little early) his parents told him to pay with his credit card (because supposedly it would help build good credit) and that they would pay him back, but never did. He went into debt and didn’t get a job until several months later but it grew by then. He may not be very good with money but personally my credit is nearly perfect and I am great with money so I feel like we could balance it out.

Be careful with this. Finances are a huge issue and I would not help him until you were married and HIS debt problem jointly becomes YOUR debt problem.

I know you have offered, but he has already said no once…don’t continue to hurt his pride. The next step is to marry the guy and pay off his debt as a one-year anniversary present.

Now just a few tips since you are marrying someone in debt…
1) Ask him how he got in debt in the first place
2) Have one joint account in which you put only the money necessary for that month
3) Have a savings account that only you have access to (if he cannot be trusted to not touch it)

I have a debt of $5,000 from a credit card. I was going to sign up for a debt relief program that the bank referred me to, but my friend said that it was a scam and you will end up paying more with them. Who do i go to that is really going to help me pay off my debt and has my best interest. I am so lost.

These companies do nothing for you that you can’t do yourself.

Get a book on Credit and Debt Repair from your library or bookstore.
The first step is to call all your creditors and see if they wil reduce the interest rate.
Tell them (lie) that you are going to do a balance transfer.
They may say you can’t – they may lie back.
Play hardball and see if you can get the interest rate reduced.

The book will tell you these things.
Then you get the card with the highest interest rate an pay that off.
Not the highest balance, not the highest amount of interest, but the highest % APR.

If you can’t handle all this there is a non-profit out there to help you at no cost.
Reviews call them angels from above.
YOu call up the 800 number and you make an appointment at a local office.
National Foundation for Credit Councelling. http://www.nfcc.org/
If they put you on a DMP , debt management program the cost is only about $30 a month, but only if you can afford it.
Again, they do exactly what books tell you to do.

These debt relied companies – welll, I consider them borderline scams.
Most people end up in court being sued anyway..

I’m kind of young, but feel that I would be very successful in the debt collection business. I want to change how they treat people and I really want to be my OWN company. How can I go about setting one up? Where do I find the debt? Please help!

Debt collection companies buy debt from other businesses. The reason businesses sell debt is because they need cash flow, and are quite willing to sell the debts at a discount (anywhere from 5% to 25% off the amounts owed). it is then up to the debt collector to get the payments.

Note; to buy these debts you need to have the money to pay for the debts you can collect, and good debt collection companies don’t work on commission based on what they collect – that way they’d finish up with all the really bad debts that will probably never be paid, and they’d go broke!