If a credit card debt is sold to collections, is the OC allowed to leave it on your file? If so, does the debt showing multiple times decrease your score even worse? If the debt were to be settled with the CA does it change the status listed by the OC or just have to wait for it to fall off?

I have several loans. My checking account has is now closed. Now they are going to hassle me. Can you guys tell me which of these are legal? I have legal aide ready to assist me because these internet loans are not legal in the state of NC. 500fast cash usfastcash loanshop online extrafunds mycashnow cashtransfercenters sagamore corp seaside loans plain green/think cash laktoa cash nationwide cash cashjar advancemetoday amercianwebloan Please help me! :-(:-(:-(

I just received a call today from TRS trying to collect for VIP loan shop. The first lady I spoke with hung up on me when I started stating that the loan was illegal so I called back and spoke with a supervisor who has stated that they are sending the account back to VIP loan shop and will never call me again. I demanded that they send that in writting to me so we will see if they do.

Has anyone ever had a collections rep show up at your home or place of employment? If so, what happened? My loan is from a legal storefront lender; I just defaulted after I was refused an EPP.

I've been dealing with the NAR for several months. They are collecting on an old payday from the Cash Jar. I reside in Illinois and they emailed me a letter . The original loan was for $600 and I had paid over $1100. The last payment was in Jan 2010. Once I realized this was an unlicensed lender, I closed my account. NAR is the 4th agency I have been dealing with on this matter. I explained to them the lender is not licensed in my state and I have paid over the amount due. The last person I spoke to there stated he could settle the account for $600 if I agreed to pay 100 per month.

Hey Guys. Can you tell me which of these loans is legal? After reading this blog, I finally got the courage to close my account and they won't be bilking me anymore. I'm so glad I found this blog, or else I wouldn't have had the courage to do this!! I feel like I can live again. It's been so hard. :( Mycashnow 500fastcash us fast cash loanshop lakota cash plain green/thickcash cashtransfercenters sagemore seaside loans amercianwebloan paradise cash advance extrafunds Please let me know if any of these are legal.

In January 2007, my mother became very ill. She eventually was sent to a nursing home and put on a ventilator. My father tried to maintain things financially but could not. In Fall 2007, he stopped paying the mortgage, moved and filed for bankruptcy. He realized that even after the bankruptcy he would not be able to afford the house. 3 weeks after he moved, he passed leaving no will. He did have the fore thought to have me power of attorny for my Mom in case something happened to him. My parents had household items and a car my father had just financed.

I have received a collection letter from this company on behalf of HSBC Beneficial. The letter is asking for full payment of an 11,442.68 balance of a loan I had with them. I had to stop paying this loan or I would lose my health insurance and wouldn't be able to pay ordinary bills. I sent Beneficial 2 settlement offers and contacted them by phone and calls were never returned. Should I send Gerald a debt validation letter and then how should I proceed? I don't want to give them any financial information and would prefer to make any payments with a money order.:confused:

I live in NJ and would like to know what Chapter of bankruptcy to file. I own a house mortgage is $325,000 in todays market it is now worth $345,000 $20,00 in debt. Could I loose my house if I file Chapter7? Thanks

My 2nd was transferred to a collection agency and I am trying to settle our debt with them but they are requiring me to provide full documentation and a financial statement. I am currently offering 10% of our loan amount. From what I have read online I shouldn't have to provide any documentation but I wanted to check and see with an expert