|
|
| *Loan,banking and credit>>>credit repair |
How to repair a bad credit? |
If I contact my creditor, they will find out how to sue me. If I don't the interests will add up? How can I negotiate with my creditors without taking any risks. What negotiation terms should I ask for? There is a company in California called the Credit Advisor they might be able to help. lign="right" > Sign in to vote! I can't make any promises but seems to me if you contact the creditor to make terms for repayment, they have no reason to sue you. The whole point of suing you is because you refuse to pay the debt. If you're willing to work with them, there is no reason to sue. In any case they can't sue you unless you voluntarily give them your address (be sure to block caller ID or, if it's an 800 number, call from a cell phone or payphone since you can't block your number on 800 calls). Why can't you negotiate without giving your address and send them money orders? Once you start consistently meeting the terms of payment they'll really have no reason to sue. By the way being sued is not the end of the world. First of all if you do call them to negotiate terms, that will work in your favor in the unlikely event they will sue. Even if you end up in court, the terms I've heard are quite sweet. What terms should you ask for? Whatever you can reasonably afford, preferably something that allows you to pay off the debt in a reasonable period of time. Don't kill yourself but don't just make a token payment, either. lign="right" > Sign in to vote! Creditors can file a judgement against you as long as they try to contact you or place a public notice in the paper. If you show goodwill to pay it is unlikely that they will want to sue you. lign="right" > Sign in to vote! dont give them your number or your addy. if you get something in the mail to your right addy write on it "not at this address return to sender" so they will not bother you any longer. If you have bad credit already you just either wait 7 yrs or you can apply for a few more credit cards now before it gets real bad so you can work to build your credit while those other few go to the toilet. if you dont do it before they hit your credit bureau as defaulted then you'll have a much harder time finding a place to get a credit card later and you'll be paying 22% or more! |
| Tags |
| credit bureau credit check credit counseling credit debt credit line credit repair credit report credit score credit card online bad credit loan |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |