Comments for Banki

Comment on What will my credit report show if I choose to settle an old credit card account with a debt collector? by geezer 51

geezer 51 — Sat, 08 May 2010 11:29:47 +0000

it will still show on your fica score as ‘collected’

Comment on What will my credit report show if I choose to settle an old credit card account with a debt collector? by 777

777 — Thu, 06 May 2010 01:02:58 +0000

hello, i don’t know how old this debt is but if it is older than 7 years on Anything …….fight back. i have learned thru personal experiance the dishonesty and bullying of both the big 3 credit reporting agencies (Experian,Transunion,Equifax) and the debt colection agencies. IF YOUR CREDIT REPORT, AT ANY TIME, REFLECTS WHAT IS NOT TRUE (OR LEGAL)-WRITE THEM A LETTER STATING WHAT IS TRUE.THE SAME GOES FOR THE “DEBT COLLECTORS”. GOD BLESS YOU , 777

Comment on What will my credit report show if I choose to settle an old credit card account with a debt collector? by MusicMan5537

MusicMan5537 — Tue, 04 May 2010 05:31:00 +0000

I wouldn’t pay the debt collectors anything. The damage is already done, so put the cash away for a rainy day.
Like others said, seven years to clear negative items from your credit report.

Comment on What will my credit report show if I choose to settle an old credit card account with a debt collector? by cardinalboy97

cardinalboy97 — Fri, 30 Apr 2010 19:10:50 +0000

I think Think very carefully before you do this. Depending on your state, debts are only legally collectible for a certain period of time. In addition, they can only be reported for a certain period of time. Depending on when the last activity was on your account, you may have passed this time threshold, or are approaching it, but paying a lesser amount will re-start the reporting time clock. Do some research and find out what the statute of limitations are in your state. You may have to live with a crappy credit report for just a little while longer until such time when the negative stuff begins to fall off.

I’m not saying that’s the moral or ethical thing to do, but we’re not here to judge anyone’s moral compass (or lach thereof).

Comment on What will my credit report show if I choose to settle an old credit card account with a debt collector? by poetcomic

poetcomic — Wed, 28 Apr 2010 03:09:22 +0000

Yes, if you are working with a credible collection agency or debt counseling service. The “bad” part of your credit will stay on the credit reports for 7 years after the LAST active action.

Comment on Where can I find some rousing intrumental music? by squidfinga

squidfinga — Tue, 27 Apr 2010 23:46:40 +0000

I think david axelrod makes the most brilliant instrumental music, check him out….

Comment on What will my credit report show if I choose to settle an old credit card account with a debt collector? by summit_of_human_intellect

summit_of_human_intellect — Sun, 25 Apr 2010 01:58:02 +0000

nothing good. It’ll just show it as closed by the credit grantor. The only difference is that it won’t show a balance due on that account. But it’s still a negative when viewed by a creditor.

Comment on What if an h4 visa holder want to marry a US citizen, what are the steps to do it immediately? by Verne

Verne — Tue, 13 Apr 2010 17:53:44 +0000

If you marry you can apply for permanent residence without
returning to your country. The primary forms are I-130
and I-485. For them and other needed forms and
instructions see uscis.gov.

Comment on Bank of America needs a Union to protect its employees. How do you or can you start a union at a bank? by Razor Jim

Razor Jim — Tue, 13 Apr 2010 05:53:08 +0000

To start a new local you have to contact one of the unions that represents workers in your occupation. Meetings off site are usually held and the union will help you organize.
Everything leads up to a vote and you must have a majority of the employees voting for the union.

Comment on If a Bank Account is Owned by 2 Unmarried Adults, How Does the IRS Decide Who Pays Taxes on Interest Income? by StephenWeinstein

StephenWeinstein — Mon, 12 Apr 2010 16:12:12 +0000

The 1099-INT is issued to whoever’s SS# was put on the W-9, which should be whoever is listed first (unless you filled out the W-9 wrong).

The interest is taxable income of the person who actually owns the money in the account. This may or may not be the same person. For example, if you open an account with your money in the name of a baby, in order to avoid paying taxes on the interest, but still own the money in the account, then the baby’s name will be on the 1099, but you must pay the tax, unless state law dictates that the money in the account became the baby’s legal property when you deposited it.