agreement was that i pay the minimal payment listed on the bill, but if at all possible pay more....but if not thats fine. Now they want it paid in full right now! i cant come up with that kind of money if I could I wouldnt have needed that extra help to begin with.can a judgement be filed against me and show up on my credit report when my name isent on the bill at all?
199689
If your name is not listed on the credit card and you have not signed an agreement with the credit card issuer, then you are not liable to the issuer (the bank) for the money, and they will not and can not come after you for the money. \n\nIf you signed no agreement with the holder of the credit card (your friend or family member) then they have no legal way to obtain ANY of the money from you - the saying goes, "verbal agreements are not worth the paper they are written on"  unless the verbal agreement was witnessed by others then it would be very difficult, if not impossible, to prove in a court of law that the money was anything other than a gift, so in this case you could probably get away with not paying anything. \n\nHowever you do have a moral obligation to pay back the money, you borrowed it in good faith and should pay it back - i don't know the reason why they are asking for it back, maybe the owner of the credit card has lost his/her job and can not afford to keep the credit card open - this is something that you have to work out with them; but is purely on a moral basis, and there is no legal recourse that the person could easily follow to make you pay the money - of course a baseball bat against your kneecap is a good incentive to pay, dependent on the person that you borrowed from of course.
473292
gerrygollw's correct on the first part of her answer, but the part about filing a statement is worthless.  You are allowed a 100 word statement to be included in your report, but it plays no part in calculating your credit score, and is mostly ignored by creditors.\n\nMy advice.....if you have any signed agreement regarding your payment agreement, that is your best weapon!  They have changed your contract, so how can you be delinquent when you have been following the new payment arrangement.\n\nThis is going to be a bit more complicated to fix.  Simply sending out letters may not fix it, and I suspect if you really want this fixed you will have to file a lawsuit.  In this case I would suggest consulting a lawyer.  But you may be able to fix this with your own small claims suit.\n\nGood luck
414743
Owes 60k? on credit cards alone and only makes 60?. Real world is he couldnt borrow 5K. If he legally owes you, not some number you have decided you could get a judgement and garnish his wages. Probably the best you can do.
582522
Ordinarily when there is a judgment entered in the court record, that is what is legally binding.  The company will have ensured that if the payment was not in full, then they have the right to charge reasonable interest until it is paid.  The Court would have accepted this and it would be part of the judgment against you.
150279
You are finding out what I've been trying to warn people about for weeks now.  \n\nNever, ever, pay off an bill that is in collections unless you get IN WRITING that they will remove the negative entry from your record before you pay them a DIME!\n\nNow that they have your money, you no longer have any leverage over them.  Good luck getting them to fix your report.  Remember this....credit reporting agencies only report what the creditor tells them.  They can NOT remove it or change it.  \n\nWhat you will need to do is this.\n\n1) Send a letter to the CRA protesting the report, and tell them exactly what is wrong with it.  If it's paid off try to supply any evidence of it.\n\nThe CRA will contact the creditor to "verify" that the report is legitimate.  Remember they are not investigating anything, they are just verifing with the creditor that the information they have is correct.  \n\nIf the creditor does not change the record, and you have documented evidence that it is wrong, then move on to part 2.\n\n2) Send a "demand for validation" letter to the creditor.  They must supply you with copies of all contracts, bills, receipts, and everything used to calculate what they claim you owe. If they do not produce it, send a copy of this letter with another protest to the CRA to remove the listing.  If they don't do it, you have grounds to sue both the CRA and the creditor.\n\nIf the creditor can not supply proper evidence to prove the listing is accurate, and still will not remove it, you can sue the creditor for violations of the FCRA, and defamation of character.  \n\nRead the links below, contact me if you need more help.
616435
he'll probably send your bill to a collection agency then if you don't pay yes, he can sue you.\njust pay the bill-even if you pay in payments.
218595
they may negotiate the interest portion of the balance you owe. But- not likely... They would prefer that you just keep your money and make the minimum payment each month for the rest of your life.  What incentive do they get by taking less than the balance?  They don't want you to pay the account off. They gave you the account in the first place so that you would use it, keep a balance on it so they can charge you interest.  Why not just negotiate a lower interest rate.  If they say no to that, tell them you will be shopping for a lower interest card & do it & close your account.\n\nThe only situation that I know where they will eagerly negotiate and accept less than you owe is if you are in default on your account already.  They will then be more likely to take what they can get now instead of spending the money to try and go after you via collection agencies or court. Since you just refi'd your house I am assuming your credit accounts are in good standing though & probably doesn't apply to your situation.
461849
No, phone them and set up a payment plan. They will try to work with you and avoid going to Court. It costs them money to go to Court. Or you can contact a local Credit Counselling company in your area. They can also help you set this up.
626880
What you are attempting to do is called "contract volation".  It's a tricky game.  As mentioned in the previous response, you must meet certain conditions for it to be legal.  And you may need to research your local state laws, or consult with an attorney.\n\nFrom my research (in Michigan) you may get away with it if the creditor accepts 3 payments in a row.  \n\nI wish you had asked this question before you sent out your first check.  You missed several important steps, like getting the collection agent to fix your credit once the balance was paid.
549727
What other information do you need?\n\n1) Negotiate an offer to pay the debt. \n\n2) Demand that they agree IN WRITING to delete any negative information from your credit reports.\n\n3) Demand that if you are only paying a portion of the debt, they agree to consider this debt "paid in full" and give you a letter saying that!  Otherwise they could sell the remaining portion of this debt to another collection agency.\n\n4) DO NOT pay them a dime until you get these agreements.  Get the entire agreement IN WRITING explaining how much you will be paying each month.\n\nA sample letter is below.
51477
They can sue you and receive the court fees along with penalty's that might be in the contract. Also, this goes on your credit report as a judgement. When you have active judgements on your credit, you would be turned down for about 99.999% of credit requests.
559476
Yes, small claims court is your best way of collecting the money owed to you. It might be hard to prove due to the fact that you have a VERBAL and not a Written agreement. \nI would try it anyway, though.. often a judge can determine if a person is lying and award you damages. Ask only for the amount owned to you and the cost of courts. Remember next time to get agreements in writing, it wil save you a lot of trouble! \nIn this case, you have the burden of proof, so be sure to have copies of all the bills owned whether they have been paid or not.. and also copies of any checks, receipts, etc.. Good Luck.\nPhone bills often have dates  and times that may help you prove your case. Go get copies if you have thrown them away!
343236
They can demand full payment of the bill.  Just because you are paying some money each month does not stop them from filing suit for the balance.  To stop a suit, you would need a payment plan that you both agree to, and that means they can set the amount of money you pay each month.  Without any agreement, they can sue you at any time for the balance.
18080
contact the creditor. If it is a large firm ask for the collections department. Attempt to negotiate a settlement that includes elimination of the negatively reported information. Start by saying "can you help me with this". Explain the original problem and staate that you want to make it good. Sometimes they will be sympathetic. At a minimum, if you pay they have to report it as originally charged off but paid.
72225
Hey Ryan~ You asked quite a few questions so I'm going to break my answers up so here it goes:\n\n"After I have paid off a collection and my credit report states that it is closed and paid in full"\n \nAre you SURE you owed the collectors? You may not have had a contractual or legal obligation to pay them. Did you ask for validation of the debt before paying? If not, even though you have paid them it is not too late to ask for the validation. If they cannot validate the debt, even though paid, you may be entitled to a refund of said monies as well as they cannot validate or verify the information with the credit reporting agencies.\n\n"do granters look past this." \n\nFor scoring it will not help your credit score. HOWEVER, if a creditor does a manual review of your credit then yes they may look past it as it has been paid especially for a mortgage. \n\n"On my current credit score I have 6 negative marks, 4 of the 6 are paid in full and closed."\n\nRemember what I said above about the paid accounts. For the 2 that are not paid; send them a debt validation letter by certified mail return receipt requested. You want them to prove to you that you have a contractual and legal obligation to pay them and not the original creditor. \n\n"From what I have read on here it seems to be a lengthly process of trying to get that mark removed before the seven years are up"\n\nIf they do not respond to your validation request send a copy of the certified letter along with a copy of the "green card" you get back from the post office for the certified mail to the credit bureaus along with a dispute of the tradeline in question. You have proof the debt cannot be validated therefore it must be removed according to the FCRA.\n\n"Is there any I can do to improve my credit score to get me great interest rates?"\n\nI don't know what your current scores are but yes there are several things you can do like continue paying your bills on time, lowering utelization on any accounts currently open. Do not seek further credit. Each inquiry can hurt you. With as many derogatories you currently have it may be difficult to get new credit. If you have a good history with your current creditors then you may want to consider calling them and asking them to lower your current interest or wave annual fees.\n\n"Also I have presented offers to the original creditors to pay the accounts in full if they will pull them back and none have taken any of the offers."\n\nThat is not uncommon. Try to work out a doable payment plan with the original creditor (OC) to pay off overdue balances. Do whatever you can to keep the OC from sending your account to a collection agency if at all possible. If you insist on continuing to make "offers" to the OC then make sure you're sending them in writing.\n\n"Correct me if i'm wrong but from my understanding once an account is sent to collections the original creditor is paid the unpaid balance in full from the collection agency and the agency comes after you and tacks on an agency fee?"\n\nOk I'm correcting you. In my opinion you're wrong. Some collection agencies may actually be "in house collectors" which means the collector is a paid employee of the original collector. Outside collectors are known as third party collectors or JDB's (junk debt buyers). In many contracts and states a collection agency may not be permitted to tack on additional fees which is why it's important to ask for validation so you will know what the fees are for if they are in excess of the OC. Many JDB's purchase debt for pennies on the dollar.
190916
Are you trying to say the doctor screwed up and caused the bill to go up?  If so, you have negotiating room.  Tell them to cancel the bill or they will be hearing from lawyers.
137906
The creditor will come after the co-signer because both parties are equally liable for all of the debt.  If you co-signed, you can (1) pay it, (2) file BK yourself, or (3) live with it on your credit report as an open collection item, or as a write off.\n\nYou can also try to negotiate a settlement for less than the amount owed, but that's still doing the first option.