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Text File | 2014-12-23 | 26KB | 553 lines

OnlineHost: WHay2922 has entered the room. OnlineHost: Skixprs has entered the room. MW 1Voice: Hi there! OnlineHost: Rmrudem has entered the room. WHay2922: hello MW 1Voice: Any questions to open the show today? WHay2922: can you tell me about debt counselors of america MW 1Voice: Yes, these are good people that are well intentioned! Skixprs: i would like to know if you can file individual bankruptcy even if you are marrid? MW 1Voice: No you probably can not if you share credit/joint accounts! MW 1Voice: Good idea to ALWAYS keep credit separate! WHay2922: can you tell me exactly what debt councelors of am. do Skixprs: i opened a charge account in my name but put my husband as an authorized user and am now bei MW 1Voice: Debt Counselors of America will be officially endorsed by One Voice in acouple of days. Skixprs: ing told that it is a joint account is that true MW 1Voice: Skix: Not a good idea to even authorize a credit line! Skixprs: my husband has never used the account. MW 1Voice: Debt Counselors of America helps to reduce your interest and provide a payment schedule OnlineHost: Kronos22 has entered the room. MW 1Voice: With your creditors! Skixprs: does that make a difference. Rmrudem: MW how do you know if you are no longer in a joint account in a credit card OnlineHost: PETRO123 has entered the room. MW 1Voice: Joint accounts are co-applied for... authorizing a user is NOT the same! OnlineHost: ALYA ANN has entered the room. OnlineHost: PETRO123 has left the room. WHay2922: this sounds stupid, but how can they drop your interest charge OnlineHost: ALYA ANN has left the room. MW 1Voice: They act as a professional entity that negotiates on your behalf! OnlineHost: Kronos22 has left the room. Skixprs: if an account was opened without your permission is there anything that can be done MW 1Voice: Credit Counseling in geneeral is always a last resort... you can easily do what they do! WHay2922: this negotiating (sp) really then further goes aganist your credit, right? MW 1Voice: count opened without your consent is fraud! MW 1Voice: An account that is! OnlineHost: SylvestK has entered the room. Skixprs: but if you are not willing to procecute is there anything that can be done? MW 1Voice: Negotiating with your creditors, done intelligently, will not affect your credit. Depends o MW 1Voice: on your goal! OnlineHost: TDJJ has entered the room. OnlineHost: TDJJ has left the room. MW 1Voice: If you don't want to prosecute, your stuck! WHay2922: response to last question OnlineHost: Starbu3169 has entered the room. MW 1Voice: Lets make something clear, most people have no idea how to protect their credit! WHay2922: true OnlineHost: ALYA ANN has entered the room. SylvestK: HOW DO YOU GO ABOUT CONSOLIDATING YOU CREDIT DEBTS? OnlineHost: ALYA ANN has left the room. WHay2922: most people cannot protect their crerdith either MW 1Voice: Depend on how much debt! 45 million americans have been credit and are in over their heads! MW 1Voice: We are the proud owners of 5 TRILLION dollars in debt! OnlineHost: Kronos22 has entered the room. WHay2922: only the wealthy can protect and preserve their credit, true? OnlineHost: WINDEAUX has entered the room. MW 1Voice: No, education at an early age brings true empowerment! Skixprs: what do you suggest the best way to correct a debt problem if one of the persons in a Skixprs: knows nothing about the debt. Can't get the husband off my credit what can i do MW 1Voice: Kids are taught to confuse debt with credit....Credit cards? NO...DEBT CARDS! WHay2922: education is to stay out of debt OnlineHost: Wygaz711 has entered the room. SylvestK: It is because they have all the money to settle their debts. OnlineHost: WINDEAUX has left the room. Starbu3169: I've been a Collection Manager for eight yrs for Commercial Real Estate & Residential loans WHay2922: true MW 1Voice: If its your credit, you must take a stand or the spouse will destroy your credit! OnlineHost: SylvestK has left the room. Wygaz711: Any comments on Prime America Starbu3169: Foreclosures and bankruptcies are on the rise--Because of out of means spending MW 1Voice: Never heard of them1 Why? Rmrudem: Should I close all revovling accounts that I have not used Skixprs: what do you mean make a stand. the credit problem already exists and i don't know how to OnlineHost: HKaiser472 has entered the room. MW 1Voice: Star...you nailed it. We are spending what we do not have! Wygaz711: someone tring to get me to invest Skixprs: fix it since I can't declare separate bankruptcy. WHay2922: how do you get a credit card co. to drop or lower it's interest OnlineHost: Wygaz711 has left the room. MW 1Voice: Ski, you may wish to see a lawyer. In the mean time remove this person as an authorized MW 1Voice: User immediately! Starbu3169: All in debt--listen--Call your credit cards and threaten to close if can't lower rate MW 1Voice: WHay, when you have good control over your credit you can make demands of your creditors! Skixprs: i can't afford a lawyer i have a hard enough time paying for the debt. do you have any advi Skixprs: advice. WHay2922: exactly what do you mena threaten to close, they have upper hand OnlineHost: HKaiser472 has left the room. WHay2922: they are ones who can call your employer, etc. Starbu3169: Go to your local Consumer Credit office--federally funded--so it's free!! MW 1Voice: Close the account completely or remove his authorization status! The Fair Billing Act prot MW 1Voice: you if you tell them that the charges were fraud! Starbu3169: WH--Close to future purchases--they definitely will not want that-- Skixprs: i don't want to lose my marriage over this but i was told i could not take his name off unti MW 1Voice: Whay, if your credit history is great...you can make demands! Rmrudem: When you close dont they want the ending balance to be paid?? WHay2922: they already have closed the account, because of slow pay, get real!!! Starbu3169: No Skixprs: l the bill was paid off. i don't understand why. he has never used this account because he Skixprs: doesn't know he is an authorized user. MW 1Voice: Ski, many marriages that end in divorce, get nasty with joint accounts! Starbu3169: Divorce Decrees do not take presedent over credit or mortgage terms WHay2922: hello Starbu3169: Collectors will go after signers--divorce will not matter MW 1Voice: Lets focus! Ski, who owns the account and who has made chargges without consent? Skixprs: what about the over the phone solicitation of pre-approved credit and the person never used OnlineHost: Bankman999 has entered the room. Skixprs: the card and did not give the other person permission to open it except that they are a spou WHay2922: it seems this conversation needs a lawyer and divorce counselor!!!!!!!!!!!!!!!!!! Skixprs: se if you can prove you never used it and there was nothing signed how can they hold you lib Skixprs: el. MW 1Voice: Star, You are right again! Divorce decrees do NOT supecede a credit contract! OnlineHost: Kronos22 has left the room. Rmrudem: Will a credit report show who else is using your credit?? Bankman999: No MW 1Voice: A credit report will state only what your creditor report! WHay2922: mw1voice you are out of touch with reality WHay2922: people with crerdit problems do not have good credit Starbu3169: Credit Reports show open and closed accts, balances, credit limits, and delinquencies.. MW 1Voice: What do you mean? WHay2922: in case you didn't know Rmrudem: Will someone answer my qeastion MW 1Voice: Whay, if your crediot has been mismanaged, you can not negotiate with creditors for lower MW 1Voice: interest rates! OnlineHost: RApeach has entered the room. WHay2922: just what i mean, you cannot negotiate with bad credit, it's that simple Starbu3169: Whay--What type of credit problems do you have--I've been in credit for many yrs OnlineHost: RApeach has left the room. WHay2922: more debt than income, over extensions etc. WHay2922: borrowing from peter to pay paul MW 1Voice: Rmudren: we answered your question! The answer is no! OnlineHost: Bankman999 has left the room. Starbu3169: Credit cards, autos --what type?? OnlineHost: Bankman999 has entered the room. OnlineHost: Bankman999 has left the room. WHay2922: credit cars, autos, visa sears mastercard OnlineHost: HOLLACE316 has entered the room. OnlineHost: Redisky has entered the room. MW 1Voice: As stated earlier, 45 million Americans are in same situation, overextended and looking OnlineHost: Redisky has left the room. MW 1Voice: for a way out! Rmrudem: Then how do can you guard unauthorize use of credit Starbu3169: WH--Do you own a home?? WHay2922: yes MW 1Voice: Never co-sign or authorize other users of your credit! OnlineHost: KENNY52693 has entered the room. WHay2922: turned down for second mortage Starbu3169: WH--You may be able to borrow against home and p/o debt thereby enabling yourself to write MW 1Voice: Hey Star what is the answer to the overextended? Starbu3169: off interest Skixprs: but if you didn't have that advise before you did how do you get the authorize user off OnlineHost: Wbprovan has entered the room. Rmrudem: How do I prevent people from using name to obtain credit KENNY52693: i have a question? MW 1Voice: Example: 30k income.. 35k CC debt and a $1000 mortgage and two car payments? Starbu3169: Overextended on what type of debt?? OnlineHost: Wbprovan has left the room. OnlineHost: HOLLACE316 has left the room. Rmrudem: Ask your question Kenny maybe someone has an answer MW 1Voice: Ski: Just write to your creditor and tell them IN WRITING to remove that party! KENNY52693: I have spent all night tonight with creditors. MW 1Voice: Star...no answer.eh? MW 1Voice: Kenny what's the specific problem? Starbu3169: MW--sell one or both autos or find less expensive home--no simple answers KENNY52693: i was ready to file BK but got a letter from one of my creditors wanting to make a deal KENNY52693: A 30% payoff. WHay2922: kenny52693 it is hell, trying to deal with them Skixprs: can i write the creditor and tell them to remove my name if i didn't authorize the account t Skixprs: have my name on it in the first place. KENNY52693: the rest of them want more. MW 1Voice: Star...Just what I thought...no answer...its very tough out there! KENNY52693: will they eventually give in or should i even bother? MW 1Voice: Ski: PLEASE tell me who's account it is! OnlineHost: DOT1COM has entered the room. Starbu3169: MW1--see answer above OnlineHost: MW Mad Dog has entered the room. Skixprs: the account was opened in my name and my husbands without my permission over the phone. MW Mad Dog: HI JC...Hi all... KENNY52693: i have them down from $42,000 cc debt to $18,000. I can only pay $12,000. what should i do? OnlineHost: ALYA ANN has entered the room. KENNY52693: even then ill have to beg for the $12,000 MW 1Voice: Creditors will often seek an amicable settlement...confused consumers jump on BK as the way KENNY52693: is a settlement better than BK? MW 1Voice: BK is rarely if ever the answer! OnlineHost: Grgr has entered the room. KENNY52693: is my settlement reasonable? OnlineHost: ALYA ANN has left the room. MW 1Voice: Kenny keep negotiating! MW Mad Dog: Kenny...A settlement is always better than BK KENNY52693: will they come to $12,000. a couple were real jerks WHay2922: bad credit is unforgiving, and stays with you Starbu3169: BK will ruin your life--10 years is misnomer--creditors stick together--believe me Grgr: just stepping innnnnnnn MW 1Voice: Given a choice between a possible BK and a settlement, the creditor will accept! MW Mad Dog: Kenny...many seem that way. You need to talk to the managers. And maybe the mgr's managers WHay2922: paying slow is just as bad, bad, bad as not paying at all WHay2922: why try to pay KENNY52693: i asked them about removing negatibe information, a couple seemed to say it cant be done KENNY52693: negative DOT1COM: Let me get this right.. Kenny is in debt up to his tail.. ands calling those he owes jerks? MW 1Voice: Whay, this is why people should pay cash and avoid the credit trap! MW Mad Dog: Dot...that' right. Many collectors are just that Starbu3169: DOT1--I thought I was the only bad guy lender in here!! OnlineHost: Grgr has left the room. KENNY52693: no...you should still be treated with respect. who the hell are you? MW 1Voice: Credit repair, Kenny, is ethically wrong! Skixprs: if i ever get out of this situation i certainly don't want credit cards WHay2922: good advice, but we all make mistakes, and can't pay cash Rmrudem: That is why I prefree I debit card OnlineHost: Grgr has entered the room. MW Mad Dog: Star...You're a lender? KENNY52693: Explain? having information changed isnt neccessary WHay2922: the hake it isn't DOT1COM: Pay your bills and you will be treated with respect OnlineHost: Grgr has left the room. MW 1Voice: That right...but we must stop the bleeding first. Their is answers to EVERY problem Whay29 Starbu3169: MW--Been in collections for eight years--Residential at 1st, now commercial real estate WHay2922: dot1com you must be a bigheaded lender MW 1Voice: Dot...cool it! People lose jobs, medical emergencies, Acts of God, KENNY52693: no. there is more to life than that. I am a professional who messed up. i can learn. i still WHay2922: way to go KENNY52693: deserve decency WHay2922: how about heart surgery twice Rmrudem: you do so fight for it Skixprs: if the mistake has already been done will writing a letter to your creditors explaining situ Skixprs: uation really do any good. MW 1Voice: You would be treated no nbetter if you were robbed at an ATM and were not abler to pay your DOT1COM: I understand that.. it was the specific attitude I found offensive/ thank you MW 1Voice: Bills MW Mad Dog: Kenny...Than's right KENNY52693: what attitude? KENNY52693: the guy was a jerk KENNY52693: i was nice to him WHay2922: tough, get offended KENNY52693: pay attention, dot KENNY52693: im asking simple questions. if i wanted an inquistion, i would have stayed on the phone WHay2922: dot1com have you ever hurt emotionally DOT1COM: lighten up.. you still can't spend the whole dollar DOT1COM: of course I haVE Starbu3169: Let's be honest--most delinquencies are not caused by emergencies--mostly irresponsible Starbu3169: spending KENNY52693: im cool. just give me advice MW Mad Dog: Kenny...Into each life has to come a jerk sometime MW 1Voice: Yeah but most American spend their next dollar before they even see it! DOT1COM: THIS IS JUST LIKE WHAT i SEE ON tv KENNY52693: i screwed up. it is my fault. i want to fix it. help me. i am working two jobs MW Mad Dog: Kenny...Just keep your cool. cometo our forum sometime...YOu'll like it and it will help Rmrudem: Just keep at it and dont give in KENNY52693: wife cant find one. just help me solve this, ok DOT1COM: Some guy murders somebody and we start talking about his child hood MW 1Voice: Kenny, just negotiate with the creditors...offer "x" FOR .... WHay2922: you mean you are not perfect kenny KENNY52693: not even close, pal WHay2922: neither am i Rmrudem: Well goodnight this has turned into a wolfs den, bye Skixprs: kenny you are not alone there are many out there just like us screwed up but want to fix it. MW 1Voice: Dot...offer help not a lecture on morality! Starbu3169: MW1--I'm surprised at your stmt-"offer x for ??--That's what started the whole prob- WHay2922: way to go mw Starbu3169: irresponsible spenders not wanting to pay what they owe!! OnlineHost: Rmrudem has left the room. MW 1Voice: Star, offer a solution then.... not negatives. Skixprs: star i'm not sure it is irresponsible spenders creditors have made it very easy and make it Skixprs: so easy. MW 1Voice: I have helps many people cut their debt in half and saved them from a BK DOT1COM: thank you,, just can't sit back and tthink poor little fella OnlineHost: KENNY52693 has left the room. WHay2922: starbu3169 you are a jerk OnlineHost: Starbu3169 has left the room. WHay2922: some of us try and will pay our bills eventually DOT1COM: Ok solution # 1 Dop a budget DOT1COM: Do OnlineHost: KENNY52693 has entered the room. KENNY52693: hey im back Skixprs: budget always looks good on paper hard to follow DOT1COM: Kenny have you done a budget OnlineHost: AliceFWH has entered the room. MW 1Voice: Star was a collector with a collectors menatality! KENNY52693: so youre saying that getting it reduced $18,000 from $42,000 is a good job. yes i have. DOT1COM: does he want outght of debt or does he just want to complain KENNY52693: I was saying before i lost the system MW 1Voice: Banks and creditor seduce the public...then quickly crush you at a drop of a hat! MW Mad Dog: Kenny...eventually you'll get it to $12,000. Keep at it. DOT1COM: BS WHay2922: you got that right KENNY52693: ok, i will DOT1COM: that is crap mw1 OnlineHost: ALYA ANN has entered the room. KENNY52693: one question Skixprs: dot its not bs OnlineHost: ALYA ANN has left the room. DOT1COM: when is it that we take responsibility for our own actions?! KENNY52693: do i worry about getting the negative info changed. I mean i dont care, ive just heard that OnlineHost: Starbu3169 has entered the room. KENNY52693: is what were supposed to do MW 1Voice: Dot stop it! Not everybody who makes a late payment is bad...nor someone that loses a job MW Mad Dog: Dot...Don't hurt yourself when you fall off your high horse KENNY52693: whats wrong dot? WHay2922: everybody makes mistakes dot DOT1COM: don't chaNGE the subject KENNY52693: i know im not a bad guy. whats your problem? Starbu3169: Sorry all --I got logged out--Did I miss any questions?? DOT1COM: you said credit companies lure you in then squash you MW 1Voice: Answer my last comment! Skixprs: what does it really take to get the creditors to be sympathic if you have a true problem. MW Mad Dog: What change...This is it WHay2922: dot you are full of you know what KENNY52693: wait. answer my question, 1voice Starbu3169: Ski--Call them before they call you-- WHay2922: i have seen and heard from your kind MW 1Voice: Creditors respond to honesty...on an upper management level! KENNY52693: i will go upstairs tomorrow WHay2922: mw1voice no they do not Starbu3169: MW1--How did you get this gig?? WHay2922: not all of them, anyway KENNY52693: are collection agencies different from credit card companies DOT1COM: yes WHay2922: most collection agencies are owned bu cc companies MW 1Voice: Collectors work on behalf of creditors! Starbu3169: KENNY--CC companies simply report Credit data--no collection DOT1COM: when you ignore the crid card co they sick the collections dogs on ya MW Mad Dog: Star...We got this gig by helping people in our forum on credit KENNY52693: please--someone--answer this question for me/ WHay2922: you are really well educated dot1 KENNY52693: do i worry about getting the negative info changed???? OnlineHost: DBrauer789 has entered the room. DOT1COM: thank you MW 1Voice: Star is sharpening his ax...his agenda is clear...discredit everyone but himself! MW Mad Dog: Kenny...If you can make it part of the negotiation. Pay less of the balance if they won't cooperate Skixprs: im going to write all creditors but should i tell them the problems. or just make promises t WHay2922: i sure would like to have your phone # dot KENNY52693: so it is important Starbu3169: Again, I've been in Residential and commercial real estate collections for many years--we're Starbu3169: not that bad Skixprs: pay them X each month. how do i get the interest lowered. DOT1COM: im me WHay2922: and give you a piece of my mind, DOT KENNY52693: so i should avoid BK DBrauer789: Who is leading the discussion in this room? DOT1COM: speak up I am here Starbu3169: Ski--If you don't want to be called--simply notify in writing DBrauer789: Is it you, DOT1COM? MW Mad Dog: Kenny Yes Bk is the easy way out. WHay2922: just tell us what your interest is here tonight DOT KENNY52693: ive got them from $42,000 to $18,000 in a couple of hours. i can get them to $12,000 MW 1Voice: Kenny, avoid BK at all cost! OnlineHost: Michf26 has entered the room. DOT1COM: mw1 is right BK is a mistake DOT1COM: last resort KENNY52693: what about Paula?? OnlineHost: Michf26 has left the room. MW Mad Dog: DBrauer...MW 1 voice is leading the forum DBrauer789: Thank you! KENNY52693: thats fine. ive already made enough mistakes. MW Mad Dog: Kenny...Paula is getting married KENNY52693: i know. she filed for Bk. and she did OK OnlineHost: DBrauer789 has left the room. OnlineHost: WHay2922 has left the room. OnlineHost: DBrauer789 has entered the room. OnlineHost: SRKinz has entered the room. OnlineHost: SRKinz has left the room. OnlineHost: MadCruella has entered the room. OnlineHost: SRKinz has entered the room. KENNY52693: hello?? OnlineHost: SRKinz has left the room. MW Mad Dog: We're here OnlineHost: MadCruella has left the room. MW 1Voice: Kenny, just keep negotiating until you get what you want! MW Mad Dog: Kenny...I also filed 20 years ago and did ok too DOT1COM: Kenny what % rate does your card carry MW 1Voice: Never listen to Real Estate people on the topic of credit! Starbu3169: MW1--Sharpening my axe?? I'm trying to help--I can offer experience from other side Skixprs: i really don't understand how to negotiate when i am the one the owes them money. MW Mad Dog: Ski...If you have the ability to pay and can withhold it you hAve the power to negotiate OnlineHost: DBrauer789 has left the room. Starbu3169: MW1--Real Estate people check credit more closely than all creditors combined!! Skixprs: are they really going to listen to me. it seems that everything i pay is going to interest MW Mad Dog: Star...In spite of that many with a BK get home loans every day MW 1Voice: Real Estate people have no idea what they are doing when it comes to credit! OnlineHost: KENNY52693 has left the room. OnlineHost: Dede2500 has entered the room. OnlineHost: AliceFWH has left the room. DOT1COM: I disagree again m1, broad statement any way MW 1Voice: I have a women who has only a repo that become obsolete in December yet nobody wants MW 1Voice: to help her gwet a home! MW Mad Dog: MW 1...Here here...that's why they want so much paperwork...To cover their buts MW 1Voice: They all say, the repo must go FIRST! OnlineHost: Rangerbarb has entered the room. OnlineHost: KENNY52693 has entered the room. OnlineHost: Dede2500 has left the room. MW 1Voice: This poor woman is living in hell...with no hope until December! MW Mad Dog: MW 1 JC...Send her to a broker Starbu3169: MW--Would you make a home loan to someone who regularly defaulted on signed obligations?? KENNY52693: did you answer my question? you all filed BK and survived. Why is it so bad for me? Skixprs: how long does negative stay on your credit report and why does the report show you as husban Skixprs: d and wife not individual. MW Mad Dog: Star...depends on which obligations and why OnlineHost: Rangerbarb has left the room. MW 1Voice: Kenny, 10 years without the respect of lenders or creditors of any type! DOT1COM: The question will be asked forever KENNY52693: ill get my $12,000 and ill get negative info removed. thanks for the strait answer JC MW Mad Dog: MW1...JC...come on...it's not that bad OnlineHost: Kronos22 has entered the room. MW 1Voice: Star she was a wife, who at the time was not even working! The dealer begged her to sign! MW 1Voice: It was the husband's vehicle! OnlineHost: EWUVP has entered the room. OnlineHost: Kronos22 has left the room. EWUVP: What is the topic? MW 1Voice: Star, you have a typical collector's mind...Asssume guilt first! DOT1COM: sheep get slaughtered MW Mad Dog: EW...Credit Skixprs: i am beginning to believe that there is no such thing as individual if you are married OnlineHost: JHarper730 has entered the room. Starbu3169: MW1--Did she sign or not?? OnlineHost: JHarper730 has left the room. OnlineHost: KENNY52693 has left the room. EWUVP: Are we discussing ways to battle the credit card blues? MW 1Voice: Star, see what I mean? This is why I make sure people don't do joint accounts! MW Mad Dog: EW...We are but time is running out Skixprs: how do creditors know if you are not living together but still married. DOT1COM: enkoyed it mw1 Starbu3169: MW--Let's try to help some people here??Agree?? OnlineHost: Pradipc1 has entered the room. OnlineHost: Pradipc1 has left the room. EWUVP: So can anyone tell me what the trick is? DOT1COM: trick is for what EWUVP: Getting out of debt! MW 1Voice: I have helped people nationally for four years Sir! MW Mad Dog: Tell em JC MW 1Voice: That's it guy's...Time is up! DOT1COM: thanks Starbu3169: Touche' MW 1Voice: Roll credits!!!!! DOT1COM: can't spend more than you make MW Mad Dog: Bye all..... OnlineHost: MW Mad Dog has left the room. DOT1COM: its that simple Skixprs: see you next week EWUVP: When next week? EWUVP: Time\place? OnlineHost: DOT1COM has left the room. Skixprs: thursday 10pm est EWUVP: Thanks!!! OnlineHost: EWUVP has left the room. OnlineHost: Starbu3169 has left the room. OnlineHost: Starbu3169 has entered the room. OnlineHost: Starbu3169 has left the room. OnlineHost: Skixprs has left the room.