Tag Archives: credit union
- Can My Credit Union Repossess My Car If I’m Late On Another Loan? – Colette
“Dear Steve, I have a personal loan ( which is 3 months past due) and an auto loan , which is current, with the same credit union. Thay are now saying that the personal (signature) loan is cross-collateralized, and the want to repossess the car. I don’t remember agreeing to cross-collateralization – the loan was [...]
- Credit Unions and Debt Settlement. Will My Credit Union Work With Me? – Tim
“Dear Damon, I had a car repossessed and the balance after auction is $13,100 Its with A credit Union in IL, I also have a 10,000 credit card with same credit union.. I want to use debt settlement, but heard credit unions are impossible to deal with.. I am recently divorced and was layed off [...]
- We Made Some Mistakes, Drained Our Savings, and Sinking Fast. – Mel
“Dear Steve, Hi Steve, we are sinking. We have about $54,000 in credit card and personal loan debt as follows: Capital One $14K Discover $14K Bank of America $11K (I call these the Big 3) Credit Union Visa $10K Credit Union Line of Credit $4K Monthly minimums total $1700. The credit union accounts are cross-collateralized [...]
- Payday Loan Alternatives That Are More Expensive. You’ll be Surprised.
The National Consumer Law Center has just issued their latest report on payday loans titled Stopping the Payday loan Trap: Alternatives that work, ones that don’t. The report is interesting in that it gives a number of examples of payday loan alternatives that offer small dollar amount loans and lists the corresponding APR. For example: [...]
- I’m Considering Letting Some of My Debt Go Delinquent. – Terrell
Terrell “Dear Steve, 2 1/2 years ago my car broke and I made the mistake of charging car rentals to get back and forth to work on my credit card. A $1500 debt climbed to over $4000 within 2 months. Up until January of this year I was able to make the payments. At that [...]
- My Credit Union Says They Can Reposes My Car Because I’m Behind On My Credit Card Payment. – Mike
“Dear Steve, I am up to date on my car payments but behind on my Visa payments. My credit union in Atlanta, Ga says they can seize my car because the Visa is secured by it and I never new about this, or the fact that they I had a secured Visa card. I do [...]
- Our Credit Sucks and We Can’t Refinance. What Can We Do? – Jim
“Dear Steve, I am currently trying to refinance my home through my credit union. According to their appraiser, in the last year and a half, the value of my home has dropped $200,000.00. Our credit is in the 500-600 range so no bank will touch us and we now no even paycheck to paychecjk. My [...]
- My Credit Union is Suing Me for Repoed Car. – Liz
“Dear Steve, I had a 2006 Honda Accord EX and a signature loan from my credit union. I got laid off and couldn’t make either payment. The CU put both loans together at one point, but I still couldn’t make the payment, so I voluntarily returned the car. They sold the car, and I still [...]
- Credit Card Companies Are Immoral?
Recently a friend of mine wrote a post Credit Cards – Close ‘em Shred ‘em & Forget ‘em! and it has really got me thinking. In fact for the last two nights I’ve actually dreamed about the post and having conversations about it. I made my points to Matt in the comments but here is [...]
- I Owe Navy Federal Credit Union $17,000. – Garr
Garr “Dear Steve, I owe Navy Federal Credit Union $17,000 the account is charge off but they are take legal act to garnishment or civil suit i am not sure they take a settlement. Garr” The Answer: Dear Garr, The issue here that you need to take some action to intervene here instead of [...]
- John Wants to Know “If I Consolidate My Debt On One Account Will It Hurt My Credit Score?”
“Dear Steve, I opened up too many credit card accounts in the past two years i recently joinend a credit union bank which offered me a chance to put all my credit cards under one account. I owe about 3,000. I also only make about 1,400 a month so at times I’m only able to [...]