How Can Capital One Charge Off My Debt And Keep Charging Me Excessive Fees? – Angelo

“Dear Steve, I was always under the impression that banks are required to charge off debt at 180 days. Just about every issuer does this and account balances dont seem to increase much more from that point with the exception of Capital One, I have found that Capital One balances increase almost 50% within a … Read more

We Were With MMI and Chase Bank Charged Off Our Account Anyway. – Eveline

“Dear Steve, Chase Bank credit card customer, jointly with husband. Two open accounts. Both of us, unfortunately, diagnosed with cancer within a year, financial hardship, inevitable. Called Chase when we got behind and they said they only would go through MMI (Money Management International) to set up a repayment plan. We contacted MMI and everything … Read more

How Do I Deal With My Recently Charged Off Sears and Mervyns Cards? – Nancy

“Dear Steve, Steve, I need more advice: I’ve just found out that I’ve two cards, Sears @ $1,300 & Mervyns @ $800 that have been charged off; Mervyns @ $1,200 has been closed. I have a good job, make good money so their was no perfectly sane reason why i stopped paying; I just did. … Read more

Can a Collection Agency Send Information to a Credit Bureau Even if They Never Contact You? – Denise

Excellent credit score….found out a charge off for $13.00 recently-then they closed credit card. I was never given a statement or mailed a collection notice or even called about owing a debt to the card company. I have not received a statement in 3 to 5 yrs because I normally dont charge anything. Was amazed … Read more

I Have Accounts With AMEX and B of A That Are About to go to Collections. – Edward

Edward “Dear Steve, I am not a great storyteller so here is my situation- I have three accts with AMEX that are charged off and are about to go to collections total is about $8,000 I have credit acct with BoA that is charged off to the tune of $5,000, I don’t know what to … Read more

Capital One is Charging My Interest for an Account They Charged Off. – Caren

“Dear Steve, Back in 2001 I had an account with Capital One. I disputed a charge and never paid and it resulted in them both closing and charging off the account in 2002. This was over 8 years ago. I have heard nothing on them, no collections letter, no judgements; nothing. Then out of the … Read more

If a Credit Card Company Charges Off a Debt Can They Still Sue You? I Was a Victim of CMS and Brad Daley. – Jay

“Dear Steve, I also was a victim of CMS and Brad Daley. I was sued and got a judgment against me from B/A. My question is, If a credit card company writes the debt off, can an attorney still sue you? Looks like if the debt was written off the IRS would write off the … Read more

Capital One is Suing Me. Do I Have a Case Against Capital One? – Jody

“Dear Steve, okay here we go I have just recieved a summonds in the amout of $9700.00 from a lawyer claiming to represent Capitol One. Now i’m not claiming that i don’t owe capitol one money but of course they have tacked on nearly 4,000 dollars to the initial 7,000 i was in default for. … Read more

We Used to Run a Daycare Business in Our Home And Then It Was Foreclosed On. – Caroline

Caroline “Dear Steve, We used to own a home with a 1st and 2nd mortgage. Because we were unable to keep up with the mortgage payments after our in-home daycare business closed, our home was forclosed in June 2008 and was sold in auction for about the same amount as our 1st mortgage I also … Read more

What in the World Do I Pay First to Clean Up My Credit Report? – Susan

“Dear Steve, I have a lot of charge offs and medical bill collections, I also have a few good accounts on file. What in the world do I pay first to clean my report up? Susan” Dear Susan, First, get a copy of your consolidated credit report. This consolidated credit report is the same one … Read more

I Am Getting Married And We Want to Buy a House But My Credit Isn’t Great. – Kelli

“Dear Steve, Hope all is well! My fiance and I are getting married next April and are currently saving to purchase our first home! We are saving around $12,000-$15,000 for the down payment, we are looking to purchase a house no more than $130,000. The only problem is I have 2 charge offs from CC … Read more