I have a credit problem. When I was 18 I bought a car I did not qualify for. It was repossessed a year later. Now I am 24 and would like to start taking care of such things, and I got my credit report. Well the bank is on there and I am trying to work it out with them yet Asset Acceptance is trying to tell me I owe them 10,000+ also. This can't be right! What do I do?

Although I think debt consolidation is a better option for my husband and I, the idea of being out of debt in about 2 years with settlement is tempting. How long will it take to pay off our debt with consolidation versus settlement? And, also, with consolidation are there interest charges and fees involved? Thanks, Amena

Anyone out there..please help me. Here's the situation: Thursday morning I get a call from these ppl tell me I have a debt of 1400 with Bally's Total Fitness. and I said, no I don't, I was on a guest pass for 2 months. Then they told me they'd ruin my credit! I'm a full time graduate student and I pay everything on time!!!! And they're going to ruin my credit!!! Anyway, I know this was some scam to scare me. However, they scared me into settling for 750 and at the time, I thought it was better than 1500. So they confirmed my account number that they're going to steal my money from.

:P I want more!@#$ isn't that all we ever want? I earn $37,000 a year and I owe about $15,000 that includes my car, bike and 3 credit cards. I wanted to buy a house and I was told I need better credit. I have about $1800 in bills per month and make about 2200 a month.

In 2004, I received a copy of my credit report for the first time to discover (3) "debts" to asset acceptance corp. After explaining to them that I had been the victim of fraud and possibly identity theft, I was verbally abused, called names and told they could "ruin" me forever if I didn't pay them now. In addition, a rep from asset called a business in a city I formerly lived in and left my full name, birthday, and social security number on that business answering machine.

Could someone help me out with the latest fraudulent laws ? To what extent is my social security number safe ? Can anyone can help me ? ....JumpinJack

They are liars and consistently violate the fair debt collections act. I am taking them to small claims court.

Hi, I am new to the program and I just had a few more questions that came up that I forgot to ask the counselor. 1.) I understand that the cards that I am consolidating the debt on will not be able to be used during the period of the program; however, will they be functional after the program is over? Or are they going to cancel my card and I should just forget about them? 2.) I have set up payment to come out of my account on the 20th of every month. I have a payment that is due to a personal loan that is due on the 5th of this month.

what is the difference between debt consolidation and debt settlement? with settlement the credit report is ruined ...is this true? Thanks Carl

Dear members and guests, No winners last week on the $100 weekly offer, but we are looking forward to new winners this week, we understand it isn't easy to write but in this forum we didn't expect our members to post great articles, what we want is simple and friendly post, related to the topic, testimonials would be highly appreciated. Looking forward to more postings from you. Thank you, debt consolidation Care team