Re: HOW HARD UP IS EBAY?

On Mon, 25 Jul 2005 12:01:40 -0400, TyMeDwn1st
<tymedwn1stPEARLS@xxxxxxx> wrote:

>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.
Isnt a signature loan what a person gets when they have essentially no
collateral? I assume this person couldnt get a credit card or he
would have simply charged the money to it.

By the time a person is in such bad financial shape, wouldnt it be
rather difficult to get a loan regardless of whats on his record?
Isnt it possible that the reasons you gave above were simply the loan
companys excuse for dumping a dodgy customer whom they really didnt
want to deal with?

This also doesnt indicate if the person simply went elsewhere and got
a load anyway. But I doubt if many of the sellers in this NG are in
such straits.
.

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