Archive for November 15th, 2008
Nov
15
Melissa asked:
Is the Statute of Limitations on credit card debt, determined by the state you currently live in or where the debt originated?
Is the Statute of Limitations on credit card debt, determined by the state you currently live in or where the debt originated?
I have a debt that I stopped paying on in Jan 2002. I acquired the debt while living in Texas and stopped paying it while living in Texas. My husband is military so we have lived in Missouri for the past 4 years.
The SOL for TX is 4 years for open accounts (credit cards) and for MO it is 5 years. Either way, the SOL has run out on this debt, however I am still wondering which would apply to us since we are military? We claim TX as our home/residence.
Thanks!
This debt was sold to a debt collector years ago.
I have known others that have written cease and desist letters so I am not so sure that SOL on card debt is a “myth”.
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Nov
15
How much does having bad debt effect getting a federal law enforcement commission?
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Susan T asked:
I have some bad debt that I am trying to get cleared up. I’m now on a payment plan w/a debt management company, but wanted to know if they will take that into consideration when it’s time to get my commission.
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I have some bad debt that I am trying to get cleared up. I’m now on a payment plan w/a debt management company, but wanted to know if they will take that into consideration when it’s time to get my commission.
Create a video blog
Nov
15
Is financial analysis and consolidating debt really worth it?
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AliyahMichelle asked:
My boyfriend and I just had a financial analysis done but haven’t gotten the results on our options yet. Is it really worth it to go through with this? Has anyone had experience on it? I mean we have debt but not so much we can’t handle. On the other hand we are both mid-twenties and have no retirement savings started and we are not able to put much, if any, in our savings accounts. We will have the option to consolidate debt, start retirement accounts, have money to put in savings, and get better life insurance. Is this just a ploy for the financial company to prey on young people or is this real? Please help!
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My boyfriend and I just had a financial analysis done but haven’t gotten the results on our options yet. Is it really worth it to go through with this? Has anyone had experience on it? I mean we have debt but not so much we can’t handle. On the other hand we are both mid-twenties and have no retirement savings started and we are not able to put much, if any, in our savings accounts. We will have the option to consolidate debt, start retirement accounts, have money to put in savings, and get better life insurance. Is this just a ploy for the financial company to prey on young people or is this real? Please help!
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