Nationwide Credit Corp

Jan 312011
 

Has anyone had success with a PFD from Nationwide Credit Corp?

Paying off in large lump sum vs. paying large monthly payments…

Jan 312011
 

I have read on another website that it is a good idea to pay your credit card off in maybe 3 or 4 large lump sums. It said it willhelp your score icrease since there are ther eis positive payment history and FICO sees that over time….could this be true? I’m just trying figure out the best way so I can really get my score to increase over the nxt 4 months or so.

Credit card balances are below?

 

1000 limit       balang 980

400 limit         balance 415

300 limit         balance 240

500 limit         balance 800

 

I will be making large payments in 4 more days!

 

 

ExxonMobil Profits UP 53% to 9 Billion

Jan 312011
 

NEW YORK (MarketWatch) — Exxon Mobil Corp. said Monday that its fourth-quarter profit rose 53% to top $9 billion, marking the oil major’s richest results since the third quarter of 2008 as it benefited from higher crude-oil prices.

Shares of Exxon Mobil /quotes/comstock/13*!xom/quotes/nls/xom (XOM 79.93, +0.94, +1.18%)  gained about 1.1% to $79.86 in premarket trade. Last Thursday, the stock touched $79.98, its highest level in more than two years.

Exxon Mobil said its profit for the three months ended Dec. 31 increased to $9.25 billion, or $1.85 a share, from $6.05 billion, or $1.27 a share, in the year-ago period.

 

http://www.marketwatch.com/story/exxon-mobils-profit-climbs-53-2011-01-31?reflink=MW_news_stmp

 

I’m sure that many are happy about this news. Personally it just tells me that we should not be paying what we are for gasoline or fuel oil.

Authorized User – Hurting my score

Jan 312011
 

My g/f added me as a authorized user on her CAPITAL ONE card in 2005. (six years ago).

Make a long story, it’s reflecting negative on my credit report because it’s 120+ days past due.

 

What makes matter worse, I’ve never used the card. Ever.

She did a horrible job handling her career, money, bills – and was clearly irresponsible.

 

She went into debt and just stop caring (young & foolish).

 

6 years later, it still shows on my credit report as a delinquency.

Any ideas or suggestions, can I have this remove? This is the 1 and only thing I have on my report that is negative.

First Month of Student Loan Repayment

Jan 312011
 

Hey everyone,

 

So I have a $15,000 student loan (increased from 5k > 7.5k > 12.5k > 15k over two years)  that has just enterered repayment this month.  It hasn’t be reported on my credit report yet but I’m enrolled in EDA (electronic debit account) and my first payment is in good standing.  My payments are $130 for the first two years and steadily increase through the graduated payment plan.

 

I was just wondering how strongly this affects my credit score?  If I assume a 640 credit score, how will my score be changed as I enter repayment? how about 6 months down the road?

 

Thanks in advcance!

Judgement Options (Co-Signed Lease)

Jan 312011
 

Hello,

When I was in college I had co-signed a lease with 3 friends. 2 had defaulted on the lease and did not make payments. I was never notified of their non payment until about 6 months into the lease. None the less we were eventually evicted and sued for the amount owed. Even though I payed all my rent I realize I am responsible legally due to the co-signed lease. This all took place in Illinois. The amount still owed is 6,000. Money which I have no where close to. I was wondering if it is possible to negotiate a payment for a pay-to-delete (since I payed all my share of rent). Also am a bit confused about the statute of limation regarding civil judgements on your credit report. As in May of this year will be the 7 year mark. I realize that I will still owe the judgement but more worried about it affecting my credit score as I will be looking for a loan in the fall.

Thanks for your input.

Settling for less than full, how will it effect me? A bit different scenario here….

Jan 312011
 

Settling for less than full, how will it effect me? A bit different scenario here….

 

 

Well, basically in a nutshell, I took out a loan for a significant other that was promised to be repaid.

Things go south about a year later and she stops paying. I have a signed promissory note and there is now a judgement against this individual for the amount owed. 

 

Details;

$10K loan, 27% interest. 

(Yes, stupid I know, had an emergency, I came through, she made good money, but decided b/c the relationship was over, so was the whole taking care of her financial responsibilities issue)

 

I have been making payments on this loan for over 3 years now. At first, I paid the full amount every month for about 6 months. This became too much for me to handle, and they adjusted my payments to half, which all basically went to the interest. 

 

I can no longer keep up with payments as I am working part time (I made all payments previously even while on unemployment), and I refuse to continue putting out money towards a debt that I feel is not mine and that could be going to keep a roof over my head and food in my mouth. 

 

Here is where it differs from the other posts I have seen on here.

I have a 729 (give or take) credit score with no past due accounts, no delinquencies, nothing negative to report at all. 

 

I contacted Citifinancial about doing a lump sum payment aka settling the loan right now. I offered them 5K to do so. They came back at 6300, and sent info to main office to try to lower this. 

I would like to settle this loan and be out from under it, NOW.

 

But I am now seeing that if they report it as “settled for less than full amount” that it will ding my credit pretty badly. I am wondering if anyone knows what kind of damage this will do?

 

I currently have 5-6 open credit cards with only 3 having small balances adding up to maybe $2500. I also have a small school loan I am still paying off, and the only other debt I have is my mortgage. 

I am not planning on needing any other credit, new mortgage, etc for quite some time, so if it will ding my score to something that I can make up in 6 months or so, I am just going to take the hit. 

 

And I am also trying to do a loan modification on my mortgage, so I am wondering if this possible settlement will effect that. 

 

Sorry for the rambling, but I am just mentally tired of worrying every month where this money will come from to pay ONLY the interest for the month. 

 

I could more than likely pay the full amount, but with the cash crisis I am in right now in terms of paying my bills, the extra $2K plus in my pocket by not paying in full is quite attractive. 

 

Any help would be greatly appreciated. 

 

Thanks

Foreclosure – FEB 2009 1 Charge off – second loan-Advise

Jan 312011
 

Moved to Mortgage Loans

Credit Card Balances

Jan 312011
 

I just have a quick question. Over the last two years my husband and I have raised both of our score from 430 to between 614 and 638. We each have a couple of credit cards and each have a Military Star card with a balance around $2000 of a $2500 and $3000 limit. We plan on paying these off within the next couple of months. Anyone have any idea how paying these off would impact our scores? About how many points? I would also love any information or success stories on GW deletions. Thanks a ton in advance!

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