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I have a first mortgage of 423k and a second for 32k. My house right now has gone down to around 350-360k. If I keep paying me first but cant pay my second I understand they can put a lien on the house. I guess they could also forclose but since the house is worth less then owed I dont think they will. If they put a lien on the house my understanding is I cant sell it unless thats payed off correct? And if so how much is the lien for? The amount owned now? Or does it go up as time goes by with intrest ect?

I got a call last night at home and at work from JC Mack from Lighthouse recovery. I called back today and spoke to Bob Barry. I was told that I owe over $1000 on a PDL that they purchased from the original creditor, Cash first. The principal was $480. I live in the state of NY, and to my knowledge, PDL's are illegal in NY. The guy I spoke to, Bob, said that he knows full well the laws on NYS and that regardless, I would go into arbitration and have to pay the full amount. Is this correct? How can I go about stopping this?

I have 2 cards with B of A. One that is $17k and near 150 days late. One at $15k and near 90 days late. They wont budge off of settling for less then 45% or $7600. I dont have that much, as I was hoping they would settle both for that amount. Please help!! My husband lost his job a year ago and is working now but at 50% of what he was making. We cashed out what little retirement he had and was hoping to settle with that. If not it looks as if Bankruptcy is next. I dont want to do that!! Any advice would be great>

I recently tried to settle a debt with Weltman, Reinberg and Reese. They split my payment into 2 monthly installments, and I willingly paid the first month. Due to circumstances out of my control I was a bit short to pay the full amount for the second installment. I called to tell them and said I could pay the full amount a few days later. The representative was short with me and said he would give me a call to "let me know if that was o.k". I can't give someone money I don't have, that's how I got into this mess in the first place. He did not return my call.

I just recvd. a alert from trucredit stating that this collection company has reported this debt not once but twice. Once on 5/16/09 and than again on 5/18/09 that was on my equifax report and than on my experian report they reported it on 5/9/09 and 5/13/09. Are they allowed to do this? If not what should I do? Please help

i was sued 2006 for then husbands premarital debt. I and husband both got a default judgement against us. In 2009, noticed judgement on cf. I contacted other party involved and got nowhere. I filed complaint w/ attorney general and just got it vacated. If this was an individual account as reported on cf, and the ca(assigned) made it joint by sueing me & obtaining judgement when NO contractual evidence exists..Do i have a legal recourse? Any ideas? FDCPA violations?

hi, I decided to bite the bullet and get First Premier in order to get my credit going. will someone help me with my plan/questions, please? here it is: my plan is to pay off the fees immediately; i was given 250$ credit and fees are 171$.

does anyone have any ideas about rebuilding my score? what isthe best approach? I have old collections/paid and only an open paypal, auto, & sl..is there something i can open tohelp my score? thank you..

I've followed the advise on dealing with illegal lenders and most of them have been dealing with me okay. However Cash Advance Now would not respond to my letter or email. Now I get a call from Capital Collections and Jerry Garcia. What is the best way to deal with these guys? How do I go about paying their principal back when they won't even respond to me with an address? Any suggestions or stories would be appreciated.

hello nice people:) I need some advice. Most likely I will be attending a private medical school with costs of attendance of about 48K per year, for four years. I will be applying for any type of loans I can, I guess.