Many questions answered 15 to 20? Here are the links to dispute:. In addition, complain to the FTC , because it is against the law for a collector to sue you or threaten to sue you on a time-barred debt.
Yeah the points system is not really ideal for everyday spending, but I'm definitely not trying to use a credit card often. I generally like points programs that are more versatile, but if you shop at Apple a lot, then it might be beneficial to you. If this is your first card, it's unlikely you'll get it. I did it and regretted it. Apple site is very confusing. I planned to buy MacBook Pro and pay no interest. But I somehow ended up getting the Barclaycard with Apple Rewards card.
Because I wanted the very appealing plan for earning points you exchange for iTunes gift cards. This is what I ended up signing for. First month rolls around and I pay minimum because no interest, right? Next month I have a finance charge. There are at least two different kinds of offers on the site. One is no interest, the other is rewards. I looked back and saw how I got confused, but at the time I just couldn't tell them apart.
I'm not going to read the links you posted. You'll have to review them yourself. Just sharing the experience I had about 3 years ago.
I was hoping someone would have personal experience with the card. Thanks for sharing, I'm not in any rush to sign up. There are way better cards you should try getting. Chase Freedom Unlimited would be a good starter card. And you aren't stuck redeeming your points at a crummy apple store. I recommend sifting through www.
Freedom Unlimited is 1. Well here's the rest of my story. I paid off the laptop without incurring any other finance charges and I kept the rewards card. It's not my primary credit card but I do buy Apple stuff at least once a year and I get triple points.
I also pay for other stuff with this card and pay off the card every month in full so no interest charges either. There's no annual fee. I used to give the gift cards away but fuck that shit. I also have an Apple TV so I rent a movie about once a month. It's free entertainment basically. TLDR you can get the rewards card and pay off the balance every month.
Start a Discussion in PF. Get involved with charity! Many questions answered 15 to 20? Apple should make Barclays dump the rewards program and use the savings to let people get a low interest rate to finance purchases with no fine print.
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You can email Brian at brian magnifymoney. Nick Clements has worked in consumer banking for nearly 15 years and is the co-founder of MagnifyMoney. It can affect your credit score and negatively impact your financial health. Few people have great experiences dealing with them. Dealing with a debt collection agency can be painful. Agencies have a reputation for pushing the boundaries of the law, using aggressive and sometimes illegal tactics, and bending the law to pressure people into making payments.
In fact, at the Consumer Finance Protection Bureau a government agency that gathers financial services complaints , collection agencies are the fastest growing complaint category. And the main reason people complain: That complaint is often valid.
The debt collection market has a high risk of fraud, abuse and simple human error. If your debt has been sent to collections, there are some things you need to know to protect yourself.
Keep reading to find out everything you need to know about your debt being in collections. Next, take the proper steps to rectify the situation. Being late on your debt payments is one thing, but having your debt to go collections is quite another. There are different kinds of debt collectors, including individuals, lawyers and companies that buy debts from other creditors to try to get them paid.
When your debt goes into collections, it means that a third party is trying to retrieve what you owe. You might be wondering when your overdue debt will be sent to collections. Most credit card accounts will charge-off after six months, for example, but mortgage loan servicers often carry delinquent loan holders longer than that.
A debt buyer, however, actually purchases debts from an original creditor or another collector. A collection item has a big impact on your credit bureau. The higher your score, the more points your score can drop. For example, if you have a credit score, you could see your score drop 40 to 70 points from a single collection item. A collection items stays on your credit report for seven years. Fortunately, this is changing with FICO 9. If you pay off a collection item, the item will no longer be included in your FICO score.
However, it will be awhile before banks start using FICO 9. In the current model, the only way for a collection item to disappear is to wait seven years from the date it is first reported. So, that means seven years from the date that you become days past due. The only way to have a collection item removed is for the collection agency to remove the debt. This means that you agree an amount to pay, and then the agency will remove the collection item from your account.
Some collection agencies will offer this even though they technically are not supposed to do so. The closer you are to seven years, the more likely they are to deal with the debt. You can also dispute the item with the credit bureaus online. If the debt collection agency does not respond with proof of the debt in 30 days, then the item would be removed.
Here are the links to dispute:. The letter will provide some basic account details, and it must advise the consumer of their right to seek confirmation of the debt. All consumers should exercise this right. The FDCPA also has other protections, and some states have imposed even more stringent limitations on the collections process, according to Lynch. You can also send a cease-and-desist letter to the collector and a prohibition request on calls to your place of employment, according to Lynch.
If the violations are much more egregious, rising to the level of harassment, you could bring a suit for considerably more, Lynch advised. If you feel that a debt collector has done any of the above, you need to file a formal complaint.
Lynch said there are several options to get debt out of collections: Lynch outlined the different types below. You can cure your mortgage problem by paying the full amount due, plus interest and fees, to stave off foreclosure. A consumer struggling with high-interest credit card accounts might be able to have their interest rates dropped to the single digits, Lynch said, by working with a nonprofit consumer credit counseling agency. You can find an agency in your state by visiting the Fair Counseling Association of America website.
You also might be able to consolidate out of default, though you should discuss the pros and cons of that option with a counselor. Finally, federal student loan rehabilitation might also be an option, but, again, a conversation with a certified counselor would be in order first.
If the debt is older and the relevant statute of limitations has expired or is about to , you must be careful not to revive the statute or waive its protections. Making a payment toward a time-barred debt restarts the statute of limitations, giving the creditor a fresh opportunity to sue, Lynch said. Only a payment can cause an account to be re-aged. Doing so without a payment having been made is a fraudulent attempt by the collector to make you think that the statute of limitations has more time to run, according to Lynch.
Finally, you might consider declaring bankruptcy. Keep in mind that bankruptcy can have long-lasting effects on your financial life for years, so use it as a last resort.
You likely still have some questions about debt collections. Review these seven FAQs and see if any match yours. Having debt collections on your credit report will lower your FICO score — and continue to affect it for up to seven years. Send a snail-mail letter and ask the debt collector to stop contacting you. Consider sending certified mail and paying for a return receipt so that you have proof you sent it. Once the collector receives your request, they can contact you only to let you know action is being taken.
For example, a lawyer might be filing suit against you. If you have an attorney, the debt collector must communicate only with that person, not you. A debt collector can discuss your debt only with you, your spouse or your attorney. They can also contact other people to find out where you live or work and what your phone number is, but that contact is typically limited to once per person. The debt collector must send you, in writing, the amount of money you owe, to whom you owe it and what action to take if you think there has been a mistake.
Debt collectors are not allowed to harass you. Also, they are not allowed to make any false claims, such as saying they are government representatives or lawyers. That said, you must persevere and get it done to avoid further dinging your credit. Nick Clements is a writer at MagnifyMoney. You can email Nick at nick magnifymoney. Barri Segal is a writer at MagnifyMoney. You can email Barri here. LendingTree is our parent company. LendingTree is unique in that you may be able to compare up to five personal loan offers within minutes.
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