Can a credit company charge off the same account with different amnts, different/yrs? $858/2002 and $1130/06?
481860
It sounds like they are bumping your reporting dates.  The law says the reports can only be on your history for 7 years, beginning the date of default.\n\nIf you have anything to show this, send the credit reporting agency a letter to protest it and have the listing corrected or removed.\n\nAlso send a letter to the creditor demanding that the "Validate" the debt.  That means that they must supply you with contracts, bills, recepts, and everything that was used to calculate what they claim you owe.  If they can't produce this information, the listing must come off.  Otherwise you can sue them for violation of the Fair Credit Reporting Act.\n\nRead the link below, along with a sample letter.\n\nAs for your student loan, it's not likely you can fight it, especially if it's a government backed loan.  It will drop off after 7 years.
1133289
I sure wouldn't do as others suggest by ignoreing the dated item.  When it bounces and it will, expect to be charged the fees by your bank.  Best contact the issuer and return for a new one.
74690
If you paid with a credit or debit card I would call the institution that supplies that card.  However, since it has been over a year they may not be able to dispute the charges.  You may need to speak to an attorney if the product was worth the value!
184321
NOrmally, your credit card will have the following interests. One for purchases. One for cash advance. One for balance transfers.\n\nPurchases can have a promotional rate like 0% for the first 6 months of the card then it goes to Prime + xx%. Cash advances are normally 22% Balance transfers can be as low as 3% for the life of the balance depending on your credit history (both usage and payment) with your card company. You are correct, do not average them as it will only confuse you further. Treat them individually. The reason for the different rates is to "lure" you into spending much on the lowest interest segment, usually, balance transfers. While it is in your cardmember agreement in very fine print, all your payments will first be applied to the LOWEST INTEREST charges. When that is completely paid off then and only then will it apply to the second lowest and so on. Imagine you made a cash advance of $500 at 22% but have purchases of $700 at 17% and a balance transfer of $5000 at 3%. Until you are able to pay off completely the $5000, the $700 will continue to earn interest upon interest plus the $500 cash advance will rake in 22% month after month.\n\nMy advice to all is when you have a credit card with a low balance transfer rate, by all means use it for balance transfers only. Use another card to purchase goods. Or pay the balance off before doing a balance transfer.
297587
Yes the can.\n\nIf/when a creditor "charges off" a debt, he is taking it off his books.  The loss can be taken off his taxes as a bad debt.  \n\nCollection agencies buy these contracts, and will continue to attempt to collect on them.  The only thing stopping them is the Statute of Limitations.  Depending on the state you live in, (Michigan, for example, is 6 years), they can still sue you.  After that, you no longer have a legal obligation to pay.
551271
I'm not sure how reliable it would be to get estimates from here. Your best bet would be to call up different firms that specialize in consumer credit litigation and ask them what they charge. Maybe also contact law society members who specialize in this area as well, to get a general idea of rates they have.
626886
Regarding those two low interest CC's, are those interest rates fixed for the whole term or do they expire on a date.  Read the fine print, I think you will see they expire from 6-12 months after you made the transfer.\n\nNow, if those interest rates are fixed, why would you trade those in for a higher interest rate?  Even the benefit of a tax write off doesn't justify it.  If your only reason for doing it is fear of a late payment triggering the penalty...then get diciplined!  Make sure the payments are sent!\n\nRegarding the other cards....\n\nLet me say that I'm in favor of balance transfers and debt consolidation.  BUT....the danger is that when you do it, you must dicipline yourself on your budget.  \n\nOver the past two years, thousands of people fell into the trap of consolidation. Then they turned around and ran up their credit cards again.  Now they have twice the debt!  It ended up with them filing for bankruptcy.\n\nIt sounds from the way you are talking that you are on that path.  So take my advice.  If you consolidate, cancel all your paid off cards and budget yourself!  Otherwise you will lose your Coop.  \n\nDon't play the balance transfer game!  It's going to ruin you.
541742
Company "A" sold your debt to company "B". That wasn't really \n"charged off". Charged off accounts means that company that you originated the loan with has simply stopped trying to collect the debt from you. Sounds like your account was sent to collections (or more accurately sold to company "B"). \nSo, don't worry, company "A" got the money they were willing to get.\nAll of it is a junky way for things to refresh on your credit history and really should be fought against by lobbying the government.
676007
No. Actually, it's not even standard in the US. There are 3 different credit agencies, and each of thier systems is a little different. So your score may differ from Experian to TransUnion, to Equifax.
50404
If you have misused a credit card then you are responsible not the credit card company. You agreed to their terms, now you want to change the rules because they have more money than you? This is the thinking of a child. \n\nWhen you don't pay, who do you think does? The rest of us do. Credit card companies are not in the business to loose money. \n\nIf you don't like them I suggest you get back at them by buying stock in their companies. As their profit rises, so will your stock value.
729576
No, but its not very sensible as you are continuing to mount up interest charges.  Contact them and see if you can come to some arrangement which will make it easier to pay.  \nDONT IGNORE IT ANY LONGER!!!!
612957
A "charge off" basically means that the company that you owe has given up on you and taken a charge on their books as a bad debt.  This way, they can report you as a loss and not have to pay taxes on money they never got.  \n\nBut that's not the end of it.  First, they may sell your debt to a collection firm or some company that will keep trying to collect from you.  They tend to be very aggressive and sometimes abusive, even disobeying the law to collect sometimes.\n\nSecond, it will most likely be reported as a "charge off" on your credit report, which is one of the worst things to have on your credit.  Normally, after 7 years, bad credit like this will "roll off" your credit report, because after 7 years of no action on your account, the information expires.  However, if you make any payments during that 7 years, the seven year period starts all over again!!!  Also, if a company really hates you, or if they think you've done it on purpose, there are ways that they can play the system, and keep your bad record alive longer.  Most times they won't do that, but you never know.  Basically, it's good to avoid a charge-off if you can, and if you plan to buy a house or anything major in the next 7 years, it will make it extremely difficult.
867279
The way I done it was to open a credit card account with a no annual fee and a 0 apr on balance transfers for a 6 months to a year. Then working on paying as much as you can a month to get it paid off before the apr kicks in.\nIf you can't open another credit card, check about transferring your balance to an existing card with the lowest interest rate.
296951
"Technically", just the act of using a company Debt Service Company does not hurt your debt rating.  However if they "negotiate" a special payoff amount of say a credit card debt then, yes the "Charged Off" part of the debt will show up as such on your credit report.  How long it stays on your credit report varies from State to State, with the average being about 7 years.
695909
If it's been 10 years since you made any payments, wait another 6 months and the charged off account will be off your credit report and won't matter anymore.  Some of them may have fallen off after 7 years anyway.
397553
Assuming your balance was $1000, and your credit card rate was 21.9% (Fairly Standard over here), your balance after 5 years would look something like this:\n\n\nEnd of---Balance---Int charged\nMonth 1---1018.25---18.25\nMonth 2---1036.83---18.58\nMonth 3---1055.76---18.92\nMonth 4---1075.02---19.27\nMonth 5---1094.64---19.62\nMonth 6---1114.62---19.98\nMonth 7---1134.96---20.34\nMonth 8---1155.67---20.71\nMonth 9---1176.77---21.09\nMonth 10---1198.24---21.48\nMonth 11---1220.11---21.87\nMonth 12---1242.38---22.27\nMonth 13---1265.05---22.67\nMonth 14---1288.14---23.09\nMonth 15---1311.64---23.51\nMonth 16---1335.58---23.94\nMonth 17---1359.96---24.37\nMonth 18---1384.78---24.82\nMonth 19---1410.05---25.27\nMonth 20---1435.78---25.73\nMonth 21---1461.98---26.20\nMonth 22---1488.67---26.68\nMonth 23---1515.83---27.17\nMonth 24---1543.50---27.66\nMonth 25---1571.67---28.17\nMonth 26---1600.35---28.68\nMonth 27---1629.56---29.21\nMonth 28---1659.30---29.74\nMonth 29---1689.58---30.28\nMonth 30---1720.41---30.83\nMonth 31---1751.81---31.40\nMonth 32---1783.78---31.97\nMonth 33---1816.33---32.55\nMonth 34---1849.48---33.15\nMonth 35---1883.24---33.75\nMonth 36---1917.60---34.37\nMonth 37---1952.60---35.00\nMonth 38---1988.24---35.63\nMonth 39---2024.52---36.29\nMonth 40---2061.47---36.95\nMonth 41---2099.09---37.62\nMonth 42---2137.40---38.31\nMonth 43---2176.41---39.01\nMonth 44---2216.13---39.72\nMonth 45---2256.57---40.44\nMonth 46---2297.75---41.18\nMonth 47---2339.69---41.93\nMonth 48---2382.39---42.70\nMonth 49---2425.86---43.48\nMonth 50---2470.14---44.27\nMonth 51---2515.22---45.08\nMonth 52---2561.12---45.90\nMonth 53---2607.86---46.74\nMonth 54---2655.45---47.59\nMonth 55---2703.91---48.46\nMonth 56---2753.26---49.35\nMonth 57---2803.51---50.25\nMonth 58---2854.67---51.16\nMonth 59---2906.77---52.10\nMonth 60---2959.82---53.05\n\nOn top of that, depending on your bank, you would also incur late payment fees, default fees, and a bad credit rating!\n\nMoral of the story - pay it back as soon as you can   - the banks are filthy rich as it is, they don't need any more of your money!
693356
Depending on whether u are in the uk or not, you have to owe at least one creditor £1500.  If you don't live in the uk, my apologies, I don't know lol.