Recent content by The Grinder

OK sorry I was thinking someone here could opine on this but thanks

What is the name of your state?IL OK Im a 62 yr old likelong self employed who has limited resources, but can easily pay off my 16K mortgage. And still have a good reserve left over. My payments are very cheap at $243 per month but not a fixed rate prob due to my self employment plus paying a...

Interest isnt accuring, it was a set amount of about 2K when I had the judgment 2 yrs ago, but I will seek counsel on that

Would it be beneficial for me to settle my debt for less than amount owed?

All of it. I owe nothing on all my cc's

I have 2 discover cards totalying something like $3700 line plus gas and dept store cards which may not even be active

I remember when I had a Chase MC w a huge line, I would wait until the billing cycle cut for the month, make my big purchase, then have the 30 days plus another 15 until the bill came due. It was sweet then biz took a dive and been struggling ever since

How true, I do have a debit card at a Credit Union I'm self employed and sometimes I can use the float time that a CC affords me but yr advice is spot on:D

Thanks to everyone for yr help, its been a LONG road back to being almost debt free. Now I just need to find a visa or MC with no annual fee as my merrick one has been canceled. Other than a few gas cards and department stores, I only have 2 Discover and at times beleive it or not, not all...

Is there a fee for this?

But really 787 isnt too bad, in my younger yrs it was much higher but its a start

I am paying a law firm every month on an old CC bill, was court ordered, wonder if I pay them off, about $700 if that one will come off? then the only one I have would be this current one

The notation referred to saved me $428, but I can try calling them.

Under a field called "payment history" on a credit reporting service, I have 100% on time, the only black mark is a field called Negative marks, mine says 1 in 4 years. I hope this settlement w merrick wont comprimise that

Quincy I received official letter confirming the terms, like you stated above, per the letter it will be reported to reporting agencies as " Paid in full for less than the full balance" and it will also be reported as a "charge off" . Is this desirable? Now I have ALL credit cards PIF, per a...