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I have a dispute with a vendor that has been authorized to debit my account each month. According to my bank, the only way I can stop this monthly payment is to either have the vendor cancel the automatic debit, or close the account. I'm OK with closing the account. But my question is this: if I happen to have a second, different account at that bank, can the vendor (or the bank) satisfy the vendor's automatic debit requests through that second account without my authorization once I close the original account?

I need some help with the tax consequences of settling credit card debt. I read that if you are considered insolvent before you start settling with the credit card companies (your debts are more than your assets), then there is no tax consequence of the settlement. Has anyone else heard this? Thanks for your input.

Hi - I just got a call from some law firm in California saying that they had an affidavit and were coming to serve me at my place of employment. The guy had an accent and I couldn't hardly understand him but he said something about they had my file and I had been making fraudulent payday loans apps with no intent of paying back the loans. I do have several payday loans still pending but I have just recently settled with 3 or 4 of them. I signed up with Langhorne Debt Solution and they are working on the rest. Should I be worried about this?

I have received several notices from various CAs (sadly all accurate charges) but when I pulled my CR, only one item appears as a collection. There are several negative reports, but I know of other debt that is not even listed. Should I go through the DV & PFD process even though these items have not yet been posted to my CR? Why wouldn't the CA report it? I understand SOL, but does a CA have until that time to report the debt to the CRAs? Thanks for the help!

I have been served a notice of service of discovery. I actually plan on setting up a payment deal (Monday 10/26) with this firm, but do I need to file this in the mean time? I am sure that I do, but exactly how do I answer it, is there an example that I haven't found. Is there a certain way, and also, I have not filed a dv with them. I was with a Debt Settlement company, but dropped them when they were not helping with this. My debt is 10 months old, and the suit is valid in the county records. Where do I need to go from here? I just want to get my head out of this... thanks for any help!

When I went through a hard time financially a number of years ago I signed up for credit counseling. I've since paid off my debt - all on time for five years. When will my credit rating improve? Are there any steps I need to take to raise my score. I am debt free other than 150 on a credit card.

I was doing some research on a Mortgage Backed Securities Trust and just freaked myself out. The Term of the Trust detailed below indicates that "in no event shall the Trust Fund created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late Ambassador of the United States to the Court of St. James???s" I do not know if anyone is having mortgage problems, but Aurora Loan is a bottom feeder that was created from the Lehman Brothers meltdown.

Hi, what is a letter of deletion and can it be used to remove a negative item on your credit report?

Where is a list of safe and legal debt consolidaters

I got a credit card about 10 years ago. After a while I couldn\'t make payments. I am on disability now and want to pay it off. I was contacted by CSR and they wanted to settle. The problem is I gave her my account number to my bank account. I asked her to wait until the next month but she didn\'t want to wait. To keep her from messing up my account I closed it. I still want to pay off my debt but I can only afford so much a month. I live in Alabama and she said she could hold up to 30% of my check, also she threaten me with Federal charges.Can she do that?