I need help quick!

I have a car loan that received a lat payment for May 2008 (I sent it a week late). I have had this loan for about 13 months (with excellent payment history).

The bank, the day prior to receiving the payment, called an old friend whom I had listed on my refferences application and gave him my account number, the amount due, and the date it was due with instrucutions on how to western union the money.

He then sent this info to my job via fax essentially making fun of me for “not paying my bills”. My supervisor got the fax and questioned me about it (everything was on there, account number, etc.).

I called the bank the next day (they were closed that day) and they said they received payment. I asked them about why they did what they did and they said that they were allowed to and there was little I could do.

Long story short, they are a privatley owned bank in CA, non FDIC member, non National bank. Other than the state attorney general and the FTC, what options do I have to report them for making that third party disclosure?

I work at a brokerage and am an affiliated member of the SEC, this act just about cost me my job (I just graduated from college) and just about opened up an investigation by the SEC. I’m in CO BTW.

I’m not sure what to do, they marked my CR 30 days late already (which is a small concern of mine next to their 3rd party disclosure).

Thanks for any posssible suggestions….I really appreciate it.

Anthony (more…)

Consumer: “No.  You’re not going to call my place of employment.”

Debt Collector: “My next move is to be at your place of employment.”

Consumer: “No, I don’t think so…I don’t think so.”

Debt Collector: “I don’t need you to think…it’s a fact.”

Know your rights under the FDCPA!

Watch the Fox 11 News Video: Collection Nightmares

First and foremost- fabulous site! Thank you so so so much!

So… I am getting evicted soon. My landlord quit paying her mortgage, but of course, I have been paying the rent! So I thought… hmmmm… the market is reasonable for a teacher to buy a house! Naturally I contacted a lender and wow! My credit was whacked!
Okay-  yes junk debt buyers purchased a paid credit card accout, listed it multiple times (with interest), complete with re-aging… you know the story.

So my condo will be auctioned off on the 19th. I am most likely facing eviction by the bank- can’t even rent in this area with my score. The thought of buying a house may still happen- but the credit thing takes time that I don’t have!

I have suffered damages due to the JDB’s illegal action. Do I have any legal recourse?  (I am in NV- less than a mile from your office in fact! LOL).  Oh- my paid credit card bill was 500.00 and I allegedly owe the JDB’s 3200.00 for the debt! (Using Lexington Law and True Credit).  Still not sure where I will be living next month…. I want justice!  Thanks so much!

P.S. Do you know where N. Las Vegas holds their auctions? I was thinking about going to witness my fate….

Kristina (more…)

I currently have old collection agency debits showing on my credit report.  I have contacted a few and they all tell me to send a letter requesting it to be moved and to give them a good reason why it should be.  Is there a website or something that has sample letters that work?

Wendy (more…)

If we foreclose on our rental property in las vegas, can the bank come after our primary residence in California or any of our other assets?

Debra (more…)

A recent Fannie Mae press release indicated a new program called “Keys to Recovery” will soon be available to refinance up to 120% LTV.  This means that borrowers who have FNMA loans will be able to refinance to a new FNMA loan at a lower rate even if the property is upside down by as much as 20%.  

CREDIT IS KING, AND CREDIT KING IS BACK!

PAUL, THIS SITE IS INSPIRATIONAL WITH THE MOST SOPHISTICATED AND NICHE INFORMATION ON THE ENTIRE WORLD WIDE WEB.KUDOS TO YOU, AND THANK YOU!!

AS OF MAY 1, 2008 I AM PROUD TO REPORT THAT I AM UP $1.4 MILLION IN UNSECURED CREDIT. HALF OF IT AT ZERO INTEREST. CREDIT IS THE GREATEST POWER ATAINABLE. THE INIMITABLE POWER OF IT IS ASTOUNDING YET SADLY ATTACKED BY INDIVIDUALS LIKE DAVE RAMSEY  OF THE “DAVE RAMSEY ” SHOW AND OTHER DEBT FACILITATORS. YOU TELL ME WHERE ELSE YOU CAN GET 0 INTEREST FOR 14 MONTHS OF CLOSE TO A MILLION?

OPM - OTHER PEOPLES MONEY IS TRULY AN UNDERRATED CONCEPT
SINCERELY

ALEX

PS THANK YOU VISA IPO, MY 0 INTEREST CAME IN HANDY

About six months ago I paid off all my debt and now have an excellent credit score (YAY!!!).

Recently, though, I received a notice from a company (junk debt buyer I’m assuming from the blog) about a 18 year old debt from a jewelry store.

There is no date on the notice as to how old the debt is, so I don’t know if they have re-aged it.

Over the years several companies have tried to collect the debt unsuccessfully. The last time was about ten years ago. It has not shown up on my credit report.

My question is: can this negatively affect my current credit rating if I don’t pay it, and what action should I take to ensure that it doesn’t? Also, I’m afraid if I do pay it it will show up on my credit as a collection.

Wonderful blog and thanks so much ahead of time for your response!!

Rebecca (more…)

An article authored by Patrick Pulatie 

For this article, I had planned on writing about the mortgage fraud I have been discovering while doing loan document audits, but I decided to change the subject, for something that is much more important for many people today.

In the last two weeks, I have run across several cases of foreclosure fraud. These involve people who are in foreclosure and are being contacted by people who claim to be able to save the person’s home from foreclosure. Unfortunately, these are generally scams and the people buying into them end up losing their homes anyway. BEWARE OF THESE SCAMS. (more…)

Vallejo, California’s city council voted to go into bankruptcy, saying the city doesn’t have enough money to pay its bills after talks with labor unions failed to win salary concessions from fire fighters and police.

The city council’s unanimous decision makes the San Francisco suburb the largest city in California to file for bankruptcy and the first local government in the state to seek protection from creditors because it ran out of money amid the worst housing slump in the U.S. in 26 years.

Source - Bloomberg.com