Recent content by cosign4son

Received settlement offer from debt collector for son's repossessed auto. I was the cosigner. 60% offer on $8000 debt. First letter I ever received, 2 years after problem, I have moved. Anyone have similar problem? Did you take the offer or hold out for a better deal? Any insight on negotiating...

I do not file federal income tax. I receive several 1099's every year. But my taxable income is small, under $2500 (dividend, interest, etc.) last year, under $5000 for 2007. I also am receiving Social Security benefits and Disability Compensation from the Veterans Admin. (both non-taxable)...

Just had my credit report done by Experian. Learned that the debt was (charged off) by Honda Finance, which means that they wrote off the debt for their accounting purposes. The report went on to say, "this account is scheduled to continue on record until May 2011" which would be the end of the...

Just had a credit report done by Experian. The bad credit item (the repo) was charged off by Honda finance. Which means they wrote off the debt for their accounting purposes. For me the report goes on to say"this account is scheduled to continue on record until May 2011." So that is the answer...

Thank you for your reply. What about the statute of limitations on debt? (see the statute of limitations for debt, for all 50 states) http://www.bankrate.com/msn/news/cc/20040116b2.asp#hi Does that not apply? My state that is 6 years. My understanding is that after that time they cannot...

I was foolish. I co-signed for a car lease for my son. It was repo-ed. He owed $7,000 on it. It has been almost 2 years since this happened, my credit report now reflects this bad mark on my credit history. I am now turned down for new credit cards. No one has ever contacted me from the lease...