three free credit report

Camille asked:


ok my husband and i had to move out of are apartment because of safety reasons. it went to collection and originally i set up a agreement with the complex but they later told me i had to go to the collection agency to settle.i called the credit people and they said it shows the Original balance but it is zero out like i paid in full. but i didn’t pay anything. the debt man said i still owe them a 500 sure bond for it going to collection.that is also on my credit. he is going to email me a paper with the apartment complex information and debt and that it totals zero. i went and looked at apartments today and they said when i get that paper to not talk with anyone and to make copy’s and send it to the three main credit report systems and have the delete it off my credit and they have 30 days to do so. they said someone drooped the ball and it will get cleared with that paper unless they show proof that i didnt pay. but i didnt. they said it didnt matter if i have a paper from collections saying it zero balance that it proof to get it clear. how dose that usually work. i called the apartment complex and they said i still have a balance on my account but they dont have my file and arent sure what collection place dose. the man i spoke with said it looks like there taking it off the collection place were it was currently at and i still owe 500.00 to them because of there agreement for the sure bond. the ladys in the office said i need to type a later and get it stamped by the post office and it usaully coast 4-5 a letter to send .what should i do?and what dose this mean.

Herman

DoUCWhatIC asked:


When it comes to them running a credit report to see if I get approved for a mortgage… I have $10K in debt and nothing in savings at this time (I’m investing $600/month towards my $6,000 down payment that will be required).
So… with my new pay increase im geting soon, which is better… I pay down my credit card by $1000 a month for three months and still have nothing in savings or is it better to pay down the credit card down by $500 and put $500 in savings (to show I have money in the bank) or… pay the minimum on my creditcard and have a lot of money in my savings by the time they check my credit???
I know the debt/savings is factored in so i’m trying to see what is the best option to get approved. Suggestions?

Sara

MR. Thumbs Up asked:


creating a new contract to replace the first
A Novation is a new agreement and is recognized in the law. The definition of Novation from Bouvier’s 1856 law dictionary illustrates:

NOVATION, civil law. 1. Novation is a substitution of a new for an old debt. The old debt is extinguished by the new one contracted in its stead; a novation may be made in three different ways, which form three distinct kinds of novations.

2. , The first takes place, without the intervention of any new person, where a debtor contracts a new engagement with his creditor, in consideration of being liberated from the former. This kind has no appropriate name, and is called a novation generally.

Your Novation Contract substitutes a new debt (zero) and a new engagement for the one claimed by the credit card company.

EVERY credit card company uses the novation contract process. Any time you get a Notice of an update to the terms and conditions of your credit card agreement, this update is in fact an offer to enter into a novation contract (a new agreement). When you use the credit card after receiving the new update, you have agreed to the new terms. Your act of using the card is an acceptance of the new agreement. How else could they change your credit card agreement? Insurance companies use this also, such as when you have a claim for $20,000 for damage and they send you $3,000.

YOUR CARD DISPUTE AND NOVATION

You can use the same process to enter into a new agreement with a card company, under your terms and conditions, by making the company an offer, which it can accept with an act. Simply, you send the card company a check for some amount, say $25, with the stated condition that by accepting the check, it agrees to your new terms and conditions (your Novation Contract). When the card company accepts the check by cashing it, it has agreed to your new Novation Contract. And you eliminate credit card debt in a simple, legal procedure. Get out of debt by using their law to your advantage.

Your notice of debt dispute and Novation Contract is designed to do the following:

(1) Bind your credit card company to the terms and conditions of your Novation Contract which include but are not limited to:

a) the cancellation of any and all prior in-force agreements;

b) its admission that the debt and all prior agreements are now paid in full;

c) its waiver of all claimed right of arbitration against you;

d) its obligation to report the account in dispute as “paid as agreed” to credit reporting agencies;

e) its agreement to not take any collection activity against you and to inform any assignees of the account that it has agreed that the account is “paid as agreed”;

f) the requirement that it verify under oath the amount of debt you allegedly owe in any correspondence to you; and

g) its agreement that any breach of the terms of the Novation Contract by them will injure and damage you and that it will be liable for all damages;

(2) Upon notice, bind any and all collection agents of your credit card company and third party collection companies to your Novation Contract;.

(3) Establish a legal basis for a claim of zero liability for the disputed credit card account;

(4) Establish a legal basis for declaring invalid any and all allegations of debt made against you that are associated with the credit card account and sent through the U.S. mails;

(5) Establish a legal basis for claiming injuries and damages should the credit card company or any collection agency breach the terms and conditions of your Novation Contract; and,

(6) Destroy any legal basis for the credit card company or any collection agent to ignore your card dispute and Novation Contract by your:

a) choosing and using a procedure permitted and recognized by contract common law, the Uniform Commercial Code, the Fair Debt Collection Practices Act, and the Fair Credit Reporting Act;

b) establishing the card company’s obligation and third party collector’s obligation to verify under oath the amount of any debt they allege you owe;

c) removing any controversy between your demand for verification of any alleged debt and any and all presentments by third parties containing unverified allegations of debt against you; and,

d) removing any presumption that you willfully avoided a known debt.

Gerald

Chris M asked:


I had three credit cards stolen today. The scum bags managed to make over $3,000 in purchases in a span of 1 hour. Luckily, after speaking with the credit card companies, the cards have been cancelled and I won’t be responsible for the charges (so they say) after I file a dispute affadavit and provide the police report.

What infuriates me is that:

1. One of the purchases was for $2,200 at Best Buy. Is is that hard for the cashier to ask for ID when someone makes a huge purchase like this?

2. At Toys R Us, Two of the cards had been blocked for suspicious activity after they tried to make a $550 purchase. They then charged it to the 3rd card. Again, is it that hard for the cashier to ask for ID especially after the first two cards were blocked.

3. The scum bags went to Target and tried to make additional charges. ALL THREE CARDS were blocked. (Also questioning the intelligence of the thieves to try using the two cards that had been declined at Toys R Us)It doesn’t take a rocket scientist here to see a red flag here. The cashier should have asked for ID after they tried using all 3 cards!

Now i can see how maybe a dumb cashier might not ask for ID in the first two instances… but when someone has 3 cards come up as blocked… shouldn’t they be required to at least ask for ID?

I am so infuriated by all three stores lack of effort to at least ask for ID especially in the Toys R Us and Target instances.

Do I have a right to go to the stores and complain/yell at the manager or would that be out of line? Seriously, stores have to have guidelines for cashiers especially when multiple cards are blocked.
Jared – Not that I ever wish anything bad to happen to anyone… but we’ll see who is a comedian if someone ever steals your credit cards.

Moon – The thief or thieves broke into several gym lockers of various people that were padlocked. It’s hard to be more careful when someone decides to cut into a Masterlock.

KDS – I’m glad there are people like you who will at least take the extra second to possibly prevent this from happening to other people.

Gladys

Daryl asked:


About six years ago I was way over my head in credit debt, and had to negotiate, and pay off several of my credit cards. All of those accounts were closed, and of course the ’settled for less than full’ showed up on my credit report for these accounts.

I have since been issued new credit accounts, and ALWAYS pay my accounts in full and on time every month. My credit score has been slowing climbing from the low 500’s to the low 700’s in past six years.

However, about three months ago I received a letter from Discover card informing me that my account had been closed due to “past and/or recent delinquent credit obligations.” I was never late with a payment to Discover, nor to any of my other credit accounts, so I was puzzled.

After talking to Discover, and Transunion, who reported the “delinquencies”, it turns out that Sears (which I no longer had any credit with since I negotiated my balance, and closed my account with them back in 2/2003, but still had on my credit report) accidentally reported a “delinquency of 90+ days in 05/2009! And this is what triggered Discover to close my account!

I have since contacted the Sears/CBUSA recovery department, and they admitted it was a mistake, and said they would send a payoff letter to Transunion, as well as to myself.

In my recent, monthly review of my credit report and scores, I see that the old Sears account that was accidentally reported as delinquent no longer shows on my Transunion credit report. However, my transunion score, which last month was 718 is now 682!

I’m frustrated and befuddled to see that clearing this erroneous information of being late in 2009 on an account that was closed in 2003 has caused my credit score to plummet. Am I missing something here, or is this to be expected?

Yvonne