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Apr/08Mark Cappel
April 4, 2008We are a retail store and we bought merchandise on 30 day terms and then got behind when business was slow during the winter. We have $4,000 that is over 90 days past with one supplier but we have been in constant communication with them and have been paying them what we can at least monthly. We were able to come to agreeable terms with all of our other suppliers but this one. All others are now...
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Apr/08Mark Cappel
April 2, 2008
Bill, we have two garnishments that total $16,000 from credit card debt, took a loan out on our house that had no mortgage two years ago to pay debts from prior marriages from my husband now and my last husband, thought the mortgage covered taxes and insurance and found out from stupidity that neither were included. Been paying on mortgage until my husbands hours were cut a lot and now going...
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Mar/08Mark Cappel
March 31, 2008
A civil judgment was filed against me in May, 2006. The court contacted my employer and required that a certain % of my take-home money would be deducted from each paycheck until the specified amount of money had been paid to the creditor. A few months ago, the amount was finally paid off in full. In my current credit report, the civil judgment is a matter of public record. How long should I...
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BSMar/08Bills Staff
March 28, 2008
Can my paycheck be garnished by two different collection companies at the same time? If so can they both take the normal 25%? Thank you
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Mar/08Mark Cappel
March 24, 2008
I cannot decide which is better: Credit Counseling Services or Debt Settlement with Freedom Debt Relief. What's best?
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Mar/08Mark Cappel
March 19, 2008In 2004 I had a debt with Household Bank. They had my bill wrong and could never get it right. A lawyer which is also a collection Agency, put a lien on our house. Household Bank said they would settle for 4500.00. We could only come up with $4000.00. I sent it to the collection agency, which I thought they would accept. I did not know until several months later they would not accept that as ...
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Mar/08Mark Cappel
March 14, 2008Bill, My wife has received a citation letter from a collection agency in Ohio, who now owns a chase bank credit card debt. Over the past 10 years I and my wife have had medical issue, recently she had a stroke. the orginial debt was about 5000, with interset and fees it was 9500, now they are seeking 21,000 plus 5000 in lawyer fees. What can we do? We are 66 and this would wipe out any savings.
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Mar/08Mark Cappel
March 12, 2008My car was repoed today. I had just made a payment online. Owe $1600 + fees. They want all now. What can I do if I do not have enough money?
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Mar/08Mark Cappel
March 11, 2008I am interested in getting a home equity loan to pay off old, high interest debt. My credit score is currently on the lower end of fair. Although I do not intend on selling my home anytime soon, what will happen to my home equity loan if I do? For example, if I get a HELOC for 10 years and I decide to sell my home in 3 years, will I be required to pay the balance in full at that time? Thanks. ...
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Mar/08Mark Cappel
March 5, 2008
I got an offer to pay my debt on a credit card. They said they will take off 40% of the debt, and consider it Paid In Full. Is it better to go ahead and pay the lesser amount, and have a Paid In Full noted on my credit report? Or should I arrange to make payments on the full amount? I want to do which ever will improve my credit score the most. I don't know if it'd be best to pay in ...
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