Re: HOW HARD UP IS EBAY?

On Mon, 25 Jul 2005 15:13:50 GMT, "Angrie.Woman"
<Angrie.Woman@xxxxxxxxxx> wrote:

>blank@xxxxxxxxxxxx wrote:
>> On Sun, 24 Jul 2005 13:56:45 GMT, "Angrie.Woman"
>> <Angrie.Woman@xxxxxxxxxx> wrote:
>>
>>
>>>TyMeDwn1st wrote:
>>>
>>>>On 24 Jul 2005 03:04:17 -0700, "redleg" <redleg510@xxxxxxxxxxx> wrote:
>>>>
>>>>
>>>>
>>>>
>>>>>I owed Earthlink $21.95, and they gave the task to a collection agency.
>>>>>They sent a very polite email, and I promptly told them to go have sex
>>>>>with a farm animal.
>>>>>
>>>>>I still owe them $21.95, its been 10 yrs now.
>>>>
>>>>
>>>>I see a lot of similar situation at the credit union. Usually they're
>>>>listed on the credit reports I'm reviewing as "unpaid collection
>>>>items" and are the reasons applicants either don't get their loans or
>>>>are quoted a much higher interest rate than they'd qualify for without
>>>>that little entry.
>>>>
>>>>
>>>
>>> Don't they go away after 7 or 10 years or soemthing?
>>>
>>>A
>>
>> Nobody gets turned down for a loan because of a 20 dollar beef. The
>> people who loan money know most of these micro-debts are bogus.
>
>Uh, Ty is one of those people who make decisions about loaning money. If
>she says it counts, I am going with that.

I've seen a signature loan denied for an applicant with reasonably
good credit but who had a $35 unpaid collection item that was four
years old and two 30-day slow payments almost two years prior.

As a general rule of thumb, we don't make loans to folks with unpaid
"trade" collection items [reporting on their credit reports] unless
they can provide proof the item has been paid in full. We're less
strict about unpaid medical collection items, at least relatively
small ones. By and large, and despite horror stories of urban-legend
proportions, it's not usually difficult to get credit reports
corrected these days.





--
Ty
Who is mostly just a
slightly skewed
Donna Reed

A patriot must always be ready to defend his country against his government.
--Edward Abbey
.