Complying with the Fair Debt Collection Practices Act in Ohio

Complying with the Fair Debt Collection Practices Act in Ohio

Complying with the Fair Debt Collection Practices Act in Ohio

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How can I settle all my debt?

Question by TO: How can I settle all my debt?
Please I’m a student who has made some pretty bad decisions in the past. Now I’m in debt and its killing me knowing how much I owe. Please does any one know what I can do to settle all this debt? What companies are good to work with. Or just any other resources I can use. Thank you for all your advice.

Best answer:

Answer by bigballa23
you should become a whore. they make a lot of money and NO TAXES. If ya lookin for a pimp hit me up

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Posted in How To Settle A Debt | Tagged , | 8 Comments

Can a Dave Ramsey fan help me out on Baby Step 4?

Question by Debt Free!: Can a Dave Ramsey fan help me out on Baby Step 4?
I am now debt free. Yeah!!! I am now on Baby Step 4. Invest 15%.

Dave says to invest 15% of your pre-tax income.

He recommends four types of mutual funds that get 25% each.

He also says do your 401K and a Roth IRA.

My question is how is that 15% divided up?

If your 401k is 3% and your roth is 3% then do you have 9% left over for the mutual funds?

If you have 9% left over for mutual funds is the remaining 9% divided up between the 4 different categories?

So G&I would get 2.24%
Growth would get 2.24%
International would get 2.24%
and Aggresive would get 2.24%

and that would equal the remaining 9%?

That is how I understand it and if someone can either verify that that is correct or correct what I am saying is wrong.

Best answer:

Answer by Gary
If I remember correctly, Dave Ramsey doesn’t recommend any mutual funds, he suggest that you get mutual funds rather then individual stocks. The mutual fund types he suggest are high growth mutual funds that return 10-15% which is hard to find these days.

He suggest that you open a ROTH IRA account. Since you are putting 3% in your 401(k) I find out how much your company matches and contribute to that amount. The rest should go to your ROTH IRA, so in your current situation, you should put the 9% into your ROTH IRA until you meet the maximum contribution.

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If a debt has gone past its statute of limitations, and then a debt collector calls, what should I do?

Question by : If a debt has gone past its statute of limitations, and then a debt collector calls, what should I do?
I have an old phone bill that went to collections, it was more than 8 years ago, and in my state the statute of limitations for consumer debt is only 7 years. But they are still trying to collect on it.

If I do agree to pay it off, will it have any positive effect on my credit report? Right now my report shows it as charged off, unpaid. But since it’s beyond the limit now to collect, will my credit report change if I do decide to settle the debt?

Best answer:

Answer by cork
NO.
TELL EM TO TAKE A HIKE…

YOU’LL JUST START ANOTHER 7 YEAR BILL HERE…

8 YEARS PASSED. WRITE CREDIT BUREAU (s)
AND CONTEST THAT BILL. THEY WILL PURGE IT.

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Posted in How To Settle A Debt | Tagged , , , , , , , | 2 Comments

Basics of Biblical Finance- Life Money Hope Part 1- by Dave Ramsey

Life Money Hope Part 1- Basics of Biblical Finance Biblical advice in difficult times- Dave Ramsey – 1.. Get out of Debt 2. Act your wage 3. Get on a Budget …

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student loan- debt? advice!!!?

Question by marie76444: student loan- debt? advice!!!?
my husband has several student loans out. They are deffered till 2010. When ppl check our debt to income ratio do they include this too?

Best answer:

Answer by Mom In Training
Yes, your student loans, even if they are deferred will appear as debt. I don’t even think that the deferment information appears on the credit report.

But most companies do look at student loans differently than credit card debt for example, since student loans are used for self-improvement. So it depends on the company that is evaluating your credit report how they will look at the student loan. You should ask the individual company about it. There is no blanket answer for this one!

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Posted in Debt Advice | Tagged , , , | 1 Comment

I need help with fileing bankruptcy can someone help me?

Question by mkharshman: I need help with fileing bankruptcy can someone help me?
I am a 33 yr old whom is married but my husband is scared to file for bankruptcy because he someday wants to by a home,we cant even get credit cards issued though so my question is what is th easiest and cheapest way to do this for myself? I heard from someone office max sells some sort of kit you do yourself.Anyone that can help I will appreciate it

Best answer:

Answer by Melly22
hi,
The only problem i can see is that you can only put down debts in your name not your husbands so he will still have to pay his creditors.
The easiest way if this is your last resort is to phone up your nearest county court and ask for them to send you a bankruptcy petition fill it in and then take it along with your payment to the court and they should deal with you there and then.
hope this helps.

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Posted in Alternatives To Bankruptcy | Tagged , , , , | 1 Comment

Collection debt service?

Question by MonkeyMan: Collection debt service?
I have receive a notice from Credit collection services, they ask me to pay an amount of money that involves Famer insurrance Creditor. But I have never had any contract with this company. How can I do know, can I have a lawyer sues them because they drive me to crazy. Thanks.

Best answer:

Answer by Age of Reason
Write them and ask for verification of the debt. Check your credit history for free at
http://annualcreditreport.com and see if there is any outstanding debts

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Posted in Fair Debt Collection Practices Act | Tagged , , | 2 Comments

Help! My friend has an outstanding debt & the collection agency is calling me 3 times a day is this legal?

Question by Dazed & Confused: Help! My friend has an outstanding debt & the collection agency is calling me 3 times a day is this legal?
This is not my debt. It’s my friends. When I initially spoke to the guy he told me that he will contact whoever he needs to, to get a hold of my friend. I have told him to not contact me anymore, yet I am getting 3 calls a DAY! She changed her number… I don’t want to have to change mine. Is there anything I can do to get them to stop calling?
When I spoke with him, I asked him if he had her mother’s number… I gave him her mom’s name and he confirmed that he did have her name and number, and he said that he had my friend’s number as well as work address… but no one answered the call except me and it’s because it came up unknown on my phone, and I guess since I answered they keep calling me. I have told my friend, yet she keeps ignoring them… and they keep calling me. That has to be illegal right?

Thank you SO much CatDad! This really worried me! I am a single mom and in the process of trying to buy a house. I know it can’t go on my record or anything but I don’t want to have to deal with someone elses debt issues!
Oh my gosh, CatDad!!! Seriously I am rolling, while watching this video!!!!!!!

Best answer:

Answer by Frathir
Walk around nakid!

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Posted in How To Stop Collection Calls | Tagged , , , , , , , , , | 3 Comments

Im so stressed out and depressed….debt problems need advice and help?

Question by hbn_235: Im so stressed out and depressed….debt problems need advice and help?
Im so stressed out and depressed….debt problems need advice and help?
I’ve been working two jobs with no financial gain insight SMH…..Ive been so busy constantly on the go has stressed me out
its gets to the point my bills are getting affected
on one of my days off i sat and organized my bills and found out that i am in $ 1,479 in debt so far its stressing me out because i want to have good credit so bad but im a little behind afraid i might even more behind. I work at Wal-mart part-time and a family friend’s cleaning business part-time Wal-mart my average a paycheck is 340-400 every two weeks and the cleaning business an average 250-280 every two weeks…neither can’t or aren’t willing to give more hours or pay because of the tough economy, I have no family or friend that can help either.

I owe the hospital $ 808.03 total with $ 202.02 past due
I owe an collection agency for my Xray $ 119.20
Another hospital bill is $ 201.00
Overdraft with bank $ 80.00
Misc bill $ 183.00

Im at a lost point right now and I really lost all hope for pretty much anything…I want to get a loan to pay off all bills and just have one bill which is more organized and i can actually keep up with i don’t know what to do? is there any advice serious advice?!

Best answer:

Answer by papelet
ask Charity Care to help you with the hospital bills. If you can prove you don’t make enough to cover the medical expenses they’ll take care of them for you

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Posted in Debt Advice | Tagged , , , , , | 2 Comments