Question by MARGARET B: What is the statue of limitations on a credit card debt in California?

Credit card company wrote off the debt in 1997. Now a credit it agency is trying to collect.

Best answer:

Answer by monger187
I’m no expert in credit card debt in California, but I’m fairly certain that just because a creditor has written off debt, it does not preclude them from attempting to collect that debt. Unless you have some sort of bankruptcy protection, they should be able to attempt to collect any debt that has not been paid, regardless of whether or not it has been written off by the creditor. Oh yeah, also, it’s a “statute,” not a “statue.”

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Question by : Palin: I Learned Economics at the University of Idaho?

Sarah Palin recently wrote that Obama didn’t learn basic deficit reduction economics at Columbia and Harvard and she did at the University of Idaho.

If she really did take a macroeconomics class, why doesn’t she understand that in order to cut the deficit you have to both cut spending and raise federal revenues (raise taxes)? Huge tax breaks is a major source of deficit spending to begin with.

The original debt reduction plan Democrats proposed would have cut the deficit by an additional 2 trillion, but Republicans refused to raise a single tax bracket for people making $ 200,000 or more despite the fact that the 400 richest Americans only pay a 15% tax rate.

Best answer:

Answer by Marcus Quintilius Varus
She isn’t even a candidate dude…what’s with your obsession with her?

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Question by : Anybody know about some good debt consolidation companies?

Best answer:

Answer by Erik
hard to find good ones when there are so many bad ones ….. Your local bank/credit union would be good.

What do you think? Answer below!

Question by : Is Boehner and the tea party happy now that the U.S. credit has been lowered for the first time in history?

S&P met with congress and told them a 4 trillion dollar dept reduction plan was best.
Obama put forward a 4 trillion dollar plan,
The repubs would not go along with any tax increase.
We ended up with a plan far lower than 4 tril.
Surprise, surprise the S&P has lowered the U.S. credit rating. And stated that reason why was because the debt reduction plan did not go far enough.

does the t party still believe they know more about the math behind credit ratings than the people actually doing the credit ratings>?

Best answer:

Answer by Red neck
No, but Obama is. The buck stops at HIM.

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Question by : My credit card companies refuse to raise my limit or lower my interest rates…loan options?

I have three credit cards with low limits ($ 300-$ 350 each) and the balances are pretty much at the max. I haven’t been late with any of them in over a year, and I make more than my minimum payments, but with the monthly fees and annual fees and interest, I can’t seem to get the balance down. I haven’t used the cards for any purchases in 6-9 months at all.

I called each CC company today to see about lowering the interest or raising the balance and they all refused. I’m now looking for other loan options to consolidate these. I filed a BK7 in 2007 and opened these cards to help improve my credit, and now my credit scores are 534, 591, 648. All I want to do is pay off these cards so I can put the money into my savings, but these companies are making it difficult, and between my own bills and my savings I can’t afford more than what I pay.

Anyone have any experience or ideas? I did a “bad credit credit card consolidation” google search and just got Pay Day loans – NO way. I can take out extra money from my student loan, but I don’t start until September, and I’m trying NOT to be repaying so much money per month when I’m going to school, too. I live in Las Vegas, NV, if that gives anyone any local company considerations.

These are my cards and rates as of now.

Capital One: $ 300 limit, $ 251 balance, 17% interest, no annual/monthly fee, $ 25/month payment
Orchard Bank: $ 300 limit, $ 231 balance, 20% interest, no annual/monthly fee, $ 25/month payment
First Premier: $ 350 limit, $ 350 balance, 20% interest, $ 7 month/$ 48 annual free, $ 32/month payment
First Premier: $ 300 limit, $ 278 balance, 20% interest, $ 7 month/$ 48 annual free, $ 32/month payment

I have a very tight budget already, and REALLY don’t want to dip into my savings. I just need to figure out how to get out of this debt (albiet small, but it’s still driving me NUTS) so I can start saving more money.
I’ve now realized that this was a REALLY bad question to post – I never thought I would get so many Nigerian scams from it…ugh!

Best answer:

Answer by Common Sense
Sorry, but there’s no way to “get out of it”.

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