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My Visa Sol has just now passed. When I defaulted the balance was $2800, and now the collection company says the balance is $6899. If the collection company sends a form 1099c, what balance will be listed as amount of forgiven debt? I don't have enough money to pay taxes on $6899.

I'll be breif. We are again considering a Ch. 7 filing. We did this once, in 2002. Income=$2800/mo. Expenses=$2700/mo. My wife is disabled, and I must miss work occasionally to care for her. I am also not getting the OT pay I was when the bills were made, so the income is a best case scenario, and often this estimate is higher than actual. I am also underwithholding, and have to pay tax every year. Secured car and home payments=$975/mo. Unsecured minimums=$575/mo.

If a PDL company is licensed in one state and you live in another, which state laws does one follow? I live in Missouri, and have a payday loan with CashNetUSA which is licensed in Chicago, Ill. Which laws apply to me? Missouri law says it is a criminal offense to close my checking account but Illinois law says criminal charges are prohibited.

are the companies like PDL assistance legitimate>

Hi. Hopefully someone can help me out. I received a letter from "Performance Capital Management" requesting that I pay a debt to them. The debt is for less than 200 dollars. They offered me 2 options: pay half now and be done with it or make interest free payments for 12 months. The debt appears to be from a very old account that I thought was closed. Apparently I must have still owed this small amount on it. I checked my credit report and this company does show up under "Closed Accounts," with the dollar amount also stated.

Brewer Micheals and Cain (collection company) This is their mailing address, which happens to be a UPS store: P.O. box 217, North Tonawanda, New York 14120 888-774-1338 anthonylemons.blogspot.com/2009/07/brewer-micheals-and-cain-debt.html They pretend to be lawyers, which is illegal, and threaten court motions and such.

Hi! I could really use some help. I got a call from a CA about an old debt. The debt goes back to 1994. The CA says that my last payment was in 2002, but I know that it was probably more like 1999. They offered me a settlement, but only if I give them my banking information or my debit card. I don't want to give out this information. I don't even know the name of the company. What do I do?

My bank froze my checking account due to some unauthorized ach transactions. It is frozen to all transactions, debit or credit. I did not close my account. (against advice from my bank) I tried to call the PDL lenders and explain what had happened and revoke the ach transaction agreement with them. They told me that I could not do that.

Has anyone heard of this firm before? They were trying to put a judgment on my credit for a PDL I had outstanding. Is that possible?!?!

Hi, needed some advice. Quick summary.. Have 2006 taurus..son was hit in it by uninsured driver. He did not call the police..$2500 damage. Bought in 2006 for 18k..still owe 16.5k, car is worth less than 2k. Americredit.. Also have 2005 escape, quit running at 80k miles. cost to fix approx 3k. Bought in 2006 for 12.5k, still owe 11.5k on it. behind on both vehicles, escape has been sitting for 1.5 years as I don't have the money to fix. I live in Washington state. I want to give back both cars. I can't afford them.