My mother is filing bankruptcy

My mother is filing bankruptcy. When she got one of her credit cards they ask her if she would like a extra one for a member of her family.

She said yes and had a extra card with my name on it. I did use it a couple of times and gave her the money for it. But now that credit card company is trying to get me to paid off her card because of it.

They even said they would take me to court if I didn’t pay. I have talk to two lawyers one is telling me I will have to pay. The other one is telling me I do not have to pay. I did not sign anything with this company. Anybody have any ideal which lawyer maybe right. I am going nuts with this.

My friend advised me to go to UsCashUp and apply for cash advance. He added as well:

You absolutely, without a doubt, ARE NOT responsible for her credit card balance even if you were an authorized user. The collectors lie. Imagine that. Have fun with them when they call, tell them to call a very expensive attorney to sue you, tell them to take you to debtors prison…tell them if they call you again you will report their harassment and illegal collection practices to the FTC because they are harassing you about a debt that isn’t yours. Treat them like the harmless entertainment they are 😉

There is NO CHANCE, you are liable unless YOU signed an agreement with the credit card provider.

Thank you for any help.

My experience is to fight everything

It is possible to ignore your creditors for 7yrs..I’ve done it and much has been dropped off of my credit report. Actually lots. But I made a mistake to fight one and the credit was sold to a collection agency…Yes, he is correct…(I have a good friend who is a collector for a well respected agency) he said the same thing. If you make any size payment…even if it is $5, if you settle the clock re-ticks.

He actually told me that its a trick of the industry…

So you are saying don’t pay the collectors and let it fall off? Also I have some things on my crdeit report that should have been taken/fallen off a long time age. What can I do to get them off?

My experience is to fight everything on the report that you think should be released. I have also had a lot of luck with that. Many times debt has been discharged and still shows past the 7yrs, creditors don’t report back to the credit bureaus, creditors maintain faulty records and/or there are laws about how often a creditor should contact you, via mail, phone, etc before the debt is considered a collection item.

There are sooooooooooo many ways. Although my own credit is not perfect..I have foundt these things to work for me. But, I would not tell you to do anything. You have to know your situation. Everyone’s situation is very different. I had no problems with it. You can’t get collect on something that is not there. Judgement or not..

I learned the hard way also..

I learned the hard way also..years ago. I figured I would make it difficult to be found. I’ve never used my physical address on anything (nothing..not my bank acct, home phone, utilities, etc.) for at least the last 10yrs. I do not own a home just yet but every time I have rented I rent from private owners who usually will not run a credit report (therefore not leaving a paper trail of last known address), I’ve learned to live paying cash only.

Own both of my cars (very nice ones) outright (Don’t believe in car notes anyway). Never give my phone number on anything (have given cell). As far as work related, yes my employer ran a credit report for themselves but my place of employment never showed up on my credit report, nor did the inquiry. Actually the inquiry came from a private agency who worked for the employer.

Now, I have a public employer which makes it easier to find me, but I’m ready for this…taking care of things in a different way.

But, don’t get me wrong if the debt was large enough they would find me I know. Everyone can be found. I work with skip tracers, etc. But, it would take a lot of effort.

Ignoring creditors

Well, I am starting to believe that ignoring the creditors is better! We a re trying to get a mortgage and so started to clean up our credit and it’s has gotten worse!
There was one judgment on ours that we questioned so I got the attorney’s name and they could not connect it to us. It now shows “satisfied” on our report but another one showed up from 2013! It has NOT been on there before.

Well I called the county to get who to call and now we are getting calls from the other one!

So we have gotten burned by trying to improve our credit – scores have dropped almost 100 pts! And we have been much better paying and haven’t used Consumer Credit in over 4 years.

Just my 2 cents….

After my husband and I divorced, he never paid his Sears Charge Card off. I recently found where it was listed on my credit report; however, I was just an ‘authorized user.’ I called them and since they could not find my SS# attached to any of their records, they said I was not liable and they would file a dispute with the credit reporting agency. The representative I spoke with said it could take up to 30 days, so I’m waiting to see what’s going to happen there.

Just thought I would let you all know.

Remember that when you marry someone

Remember that when you marry someone you take on their debt also. That’s what I mean when I say that being married is a little different. Authorized user or not authorized user you will be responsible when married.

Also, remember that some states allow married couple to apply as if they were single. The reason why they do that is because this way the credit account won’t show up on you spouses credit. There are only a few states that have this exception. Most states assume that the credit account belong to both of you if you apply for something alone when you are married. Another example. Owe the government money and see if they only garnish your income tax return. THEY ARE DEFINITELY COMING AFTER THE BOTH OF YOU. Well, we’ll just see what happens. Any married people out there that can attest to this.

Also what I am trying to get across is that marriage makes everything cut and dry authorized user or not. Not married and an authorized user get a little more complicated when it comes to determining who’s legally responsible.

7 year theory

I have a question.

I know that after 7 years things on your credit fall off, but does the 7 year time period start over with each new collection agency that the account is sold to?I have a debt with Discover originally that has been transferred for the 4th time to a new collection agency.

I understand the process of buying debts but on my end,do I have to being another 7 years with this new creditor?

It is only a good idea to pay the settlement

It is only a good idea to pay the settlement if you have the money to do so. If you don’t then don’t pay them.

If you are disputing the charges, then legally they cannot be dunning you. It seems to be an underhanded tactic that this creditor is using.

So, if this is the case then you might to get a lawyer and look at your options under the Fair Debt Collection Practices Act to see if you have recourse. You can collect up to $1000 for each offense under the FDCPA plus attorney fees.

If you wish to see the FDCPA then goto this link.

I am so sorry that you are going through this! We had the same problem with GTE wireless, now Verizon. Anyway, we canceled our phone with them, paid our last bill, then about 6 months later got a current bill that wasn’t ours at all! I called all the people and got statements from them that they didn’t know us, and they were nice enough to send them to me. I sent it all to them and they still said it was my bill.

In the long run, after fighting it for 7 years we just took a settlement with the 5th collection agency that they have sent it to. So after going through what you are going through, I would settle and save the years of bad credit and headache of collection calls. Also, after we paid they updated our credit report to say that we had paid, which looks better then collecting.

Collection agency help

About one year ago, i had an account w at and t wireless.. it was a horrible experience. their billing was a joke. they were double and triple charging our account for phone calls. we had a shared plan.. we have been disputing the charging ( 1562.00) with them for a year. the charges belong to a collection agency and we continue to dispute them. now we are on the the second collection agency, they sent me a settlement for half the charges, so that i could pay them about 781 and settle w them.

i got this letter that week, and the offer expires dec 1. they said in their letter that this is a one time special settlement, but the settlement has to be paid be dec 1 ( cutting it a bit close), and in a one time payment.. is this a good idea? should i do it? the only way that i can afford to pay it, if i put it on my credit card…

if they keep switching collection agencies, i will keep disputing the charges and explain to each collection agency all the errors w their billing systems.

please advise me.

thanks a bunch, i look forward to hearing some solutions. happy holidays! 🙂

What we are going to try starting tomorrow

We are going to start sending the creditors payments on a pro rata plan as Dave Ramsey describes in his book and in this video:

We’ve calculated the total debt and the percentage each creditor should receive and I’ll type up the plan and make copies tomorrow and mail out our payments. I’ll let everyone know how this works out.

Once I get some of the monies that I am expecting we are then going to contact the creditor to discuss settlement amounts. We are hoping that all our creditors will be open to discussing and settling with us.

Does anyone have any experience with settling with your creditors and if so, what approach did you use?

“Settled for lessor amount” question

A “settled for lessor amount” will stay on your credit report for 7 years. However, you can go to the creditor that reported that mark and ask them to report “paid in full”. It never hurts to try.

A settlement is better than bankruptcy, but to say if it is better than a delinquency will depend on the people that look at the report.

Most will not look past the most recent 2 or 3 years. Few look further than that.

There may be other ways to remove the “settled for less” with a reputable credit restoration company but I don’t know them.