I think the Spirt of this group is really quite wonderful. It is suggesting that you should run away from debt. What makes this blog so great is that there are so many people with so many ideas. The overall spirit of this group is positive and believe me I have benifited from what I have learned. I have even had my spirits lifted when I was down just by reading about other people and reading what they go threw.
Thanks! To everyone in the blog for a good year of comments, suggestions and ideas!
Working something out with creditors, yes. Collection agencies and junk debt buyers, no. CAs and JDBs are the worst of the worst. Violating laws, inflating their amounts, not validating on alleged debt, I can go on and on.
Please be aware, the tactics I suggested and may suggest in the future is what has worked for me. Through reading and researching boards like this for the past 5 years, I have gained the knowledge to find loopholes and ‘tricks’ in the system to repair credit, without causing legal problems. Like everything in life, your mileage may vary. What may work for me, may not work for you.
This has worked for me, and I am just passing along the information. What people do with said information is up to them.
I also think it would depend on the situation. After the divorce a lot of my ex’s stuff was on my report along with his new address as being current while my current address was considered an old one. I contested both the address and his debts, which were in his name not mine and they removed all of them within a month. I also questioned what seemed to be one debt that was repeated twice and both were removed. Also, in my state there’s a statute of limitations (7 years) so any debts before that time aren’t supposed to be on credit reports so they can be contested. As for anything before that 7 year mark I only question it when I either don’t recall it or just want more information about it.
I would agree that the spirit of the group is wonderful. I just question the individual poster’s suggestions to attempt erasing past addresses from credit reports, to then go and contest creditors by stating that one did not live at such an address. If one where a company, there may be a statute of limitations of say, 7 years, after which a creditor should not be pursuing a company for reimbursement of a debt, assuming a company declared bankruptcy.
But a person is not a company, and I do not know if there is a statute of limitations for collection of debts from individuals. It sounded to me like the poster was recommending a way to contest any past credit collection, which seems unethical to me. That makes me feel that one has to read these internet postings with some objective view and not believe everything that is suggested, until there is more information or until the matter is further researched. At least some reference should be given to articles stating that such means and methods are legal and ethical, in my opinion.
That said, I’m planning to download some software this weekend for keeping track of my expenses. I also think the tools in the website of the group are very helpful.