Credit card debt dropping off my credit report

by Charles
(Detroit, Michigan)

I have a friend that owes Capital One $2,100. He is
making payments of $200.00 a month to a law firm. His
credit report says it is estimated to come off his credit
report 8/2013. His account was opened Jan 2006. Should he
just stop paying and let the account drop off his credit
in August of this year or continue making payments?

Comments for Credit card debt dropping off my credit report

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May 29, 2013
Credit card debt dropping off my credit report

You should continue paying because if you stop, you risk being sued for the unpaid debt and if the law firm wins a judgment against you, then not only will there be a judgment on your credit history, which would be very damaging, but you may have your wages garnished, money taken from your bank account or one of your assets seized as a means of collecting what you still owe. In other words, by not continuing to pay on the debt, you could create a whole new set of problems for yourself.

Jul 10, 2015
credit card depts
by: Anonymous

I been in a VA. rehab center for issues one its mental issues with bipolar. And before I called every creditor and told them I been in a VA center for a year or more. Can I get a write off with the Bank and Credit Union. I'am not really make any money but a dollar an hour and maybe get 20 hours a week . It's therapy work call IT.

Reply from

Unfortunately your disability doesn't entitle you to discharge your debts unless you have federal student loans, in which case you can apply for a Total and Permanent Disability Discharge.

We recommend you at least talk with a consumer bankruptcy attorney to find out what your options are. It may be helpful to put these debts behind you and get a fresh start. Find out how to get a
free consultation with a consumer bankruptcy attorney here.

Aug 25, 2015
Don't Be an Unwitting Victim!
by: Anonymous

Here is the big catch. Just because it drops off
his/her credit report does not mean they do not owe the bill. This is one of the biggest errors that people make with debt. If they have sued him/her and have obtained a judgment, they can attempt to garnish their wages and or bank account.

People should keep records of what they are doing. They may be able to use this the fact that they are paying their bill off to their advantage. This may impress a potential creditor.

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