M L asked:


My father has never had a credit card in his life. He recently got a notice from a collection agency (attorney office) asking to pay the debt in full. He doesn’t know what it is from but it appears to be from a credit card. He plans on disputing in in writing like the letter tells him to do if he doesn’t think it is valid. What happens after he does this? Is it better to just ignore the letter? I will also mention that the letter has an apt number listed for his address. He lives in a house and not an apartment. His wife died last year so if this is hers he is unaware of it but it is in his name and whenever they have tried calling they ask if he has a wife.

Casey asked:


I have good credit and so does my fiance. We just have a lot of credit. I was wondering how much debt is ok and how much would disqualify you from getting an apartment.

Tina I asked:


I paid the debt in full but the credit report said that I still owe a balance. I can’t even get an apartment.

jt6341 asked:


About a year ago I occured alot of debt. I’m now back on track, making pretty good money for my age.. I’m trying to figure out how much to pay each month towards my debts and how much to save? Here is a break down of my debt and the interest rates they have: $3200 at zero interest until March of 08. (I’m paying each month the amount that it would require to be paid off one month before the interest starts) 2200 in medical bills at zero interest (I pay the minium) 2400 to a apartment complex for breaking my lease early, I just received the notice and havn’t set up payment plans yet. I also have 2200 to a family member who says not to worrry about it to much until I’m caught up again. I know this may not be alot of debt to some people, but i’m only 23 and consider it WAY to much debt. I have around 1000- 2200 depending on my boneses each month to save or pay extra towards my bills. How much should I save and how much should I pay towards my bills? Any help would be great.