getting hassled for $200 - Page 2 - PeachParts Mercedes-Benz Forum

el presidente · #16 11-01-2005, 12:49 PM

Quote:

Originally Posted by Azimyth

for the record, an isolated derrogatory mark on an otherwise stellar report amounts to dog squeeze on the sidewalk. Anyone who is seriously scrutinizing your reports will see that it is an anomaly and at most will ask about it.

I agree that (1) most loan officers/credit grantors would not "scrutinze" and (2) that most would not ask.

Many simply rely on the FICO number. The cost difference on a mortgage note between a 725 score and 710 score could be much more over the long run than the $200 they are seeking.

Brian Carlton · #17 11-01-2005, 12:56 PM

Quote:

Originally Posted by Azimyth

It's because I fashioned a thinking cap for myself!

That's a good looking hat.

Better lay off the booze however. Eyes look a little bloodshot.

el presidente · #18 11-01-2005, 12:57 PM

In my example in my previous thread (post #16), I guessed that a collection account may be detrimental to the tune of about 15 FICO points.

According to this estimator, it could be upwards of 50 FICO points!

http://www.bankrate.com/brm/fico/calc.asp

Azimyth · #19 11-01-2005, 01:57 PM

Quote:

Originally Posted by Brian Carlton

That's a good looking hat.

Better lay off the booze however. Eyes look a little bloodshot.

I stayed up late frightening the little crumbcrunchers who dared darken the threshold with thier hands out and faces painted.......

Hatterasguy · #20 11-01-2005, 02:30 PM

Every state has a statue of limitations on debt collection. Find out what your states is and then how much time until you are outside of it. Chances are you are close thats why they are calling you.

If it isn't on your credit report I'd ignore them and they will go away. For $2k I'd worry about being taken to court but for $200 they are not going to.

#21 11-01-2005, 04:09 PM

Quote:

Originally Posted by el presidente

In my example in my previous thread (post #16), I guessed that a collection account may be detrimental to the tune of about 15 FICO points.

According to this estimator, it could be upwards of 50 FICO points!

http://www.bankrate.com/brm/fico/calc.asp

What he said, and his other post as well it could affect you even worse if you have a short credit file.

if the $200 is a problem you may be able to cut a deal or borrow it from el prez.

or perhaps a pay-per-view in the pretty girls thread.

diametricalbenz · #22 11-01-2005, 04:10 PM

The one of credit companies put a lean on my g/f's credit when we were disputing fraud with Uhaul when her purse and my WRX was stolen. Even now her credit is still screwed up even though we provided them with the police reports because they said we were delinquent paying them $1000 for charges that were accumulated by the robbers!!

UHAUL sucks BTW

el presidente · #23 11-01-2005, 04:46 PM

Quote:

Originally Posted by MedMech

or perhaps a pay-per-view in the pretty girls thread.

MTI · #24 11-01-2005, 05:36 PM

How many of us have seen fortunes squandered "for the principle of the thing?"

sfloriII · #25 11-01-2005, 06:41 PM

Just a few months ago I had the state of MD after me. They said I owed over $2500 in back taxes. I had my tax guy send them a copy of my tax return from the year in question. A few weeks later they sent me a letter informing me that as far as they were concerned, the matter was closed.

I asked him why they would do this in the first place. He said some states routinely send out letters like that to people saying they owe money. Fact is, some people get so scared, they roll over and simply pay money they don't owe!

I'm not a big fan of MD.... (And yes, I grew up there.)

boneheaddoctor · #26 11-01-2005, 09:38 PM

Quote:

Originally Posted by sfloriII

Just a few months ago I had the state of MD after me. They said I owed over $2500 in back taxes. I had my tax guy send them a copy of my tax return from the year in question. A few weeks later they sent me a letter informing me that as far as they were concerned, the matter was closed.

I asked him why they would do this in the first place. He said some states routinely send out letters like that to people saying they owe money. Fact is, some people get so scared, they roll over and simply pay money they don't owe!

I'm not a big fan of MD.... (And yes, I grew up there.)

I lived there from 1981 thru 1987........no I am no fan of MD either.

Palangi · #27 11-01-2005, 10:22 PM

Ask the collection agency if they would be willing to settle the debt for 20 bucks, since that's all the service was worth. You never know, they might go for it or make a counter offer.

peragro · #28 11-01-2005, 11:05 PM

Don't pay anything until you check on the statute of limitations. If you are past the time of the statute and then pay any amount on the debt you start the clock again and open yourself up to more collection with interest. Seems worth some research at this point.

JenTay · #29 11-02-2005, 07:25 PM

North Carolina Statute of Limitation

Express or implied contract, not under seal: 3 years.

Contract and sale of personal property under seal: 10 years.

Open account: 3 years, NOTE: Each payment renews the SoL on all items purchased within the 3 years prior that payment. If no payment is made, the SoL runs from date of each individual charge. Contracts: From date of breach or default, unless waived or performance under the contract is continued.

Judgments: 10 years

JenTay · #30 11-02-2005, 07:31 PM

Quote:

Originally Posted by MedMech

What he said, and his other post as well it could affect you even worse if you have a short credit file.

if the $200 is a problem you may be able to cut a deal or borrow it from el prez.

or perhaps a pay-per-view in the pretty girls thread.

i'm convinced that maturity (or immaturity) is a function of gender and not age so no harm no foul.