Lisburn Distillery awarded Domestic Club Licence Lisburn Today
LISBURN Distillery FC have been awarded their Domestic Club Licence by the Irish FA allowing them to compete in the Carling Premiership in the 2011/12 season.
In line with the current UEFA, Domestic and Championship Club Licensing Manuals, applicant clubs were assessed in five key areas, namely: Sporting, Infrastructure/Safety, Personnel & Administration, Legal and Financial.
The IFA Head of Club Licensing and Facilities, David McVeigh commented:”It is very clear to me that the most significant and pressing challenges to clubs are those of a fiscal nature. During this last season we have seen an understandably aggressive approach from HMRC in relation to aged debt. Our challenge, and that of the clubs, remains reducing the aged creditors’ position on the balance sheet and managing day to day cash-flow”.
Mr McVeigh continued, “With the implementation of the Salary Cost Protocol we hope to control core costs with a view to creating surpluses which can be directed to these aged creditors and, in parallel, help clubs build internal capacity in order to understand more fully the financial management and discipline necessary to successfully manage and sustain a club as a business”.
Aged Debt Graph for NAV 2009 SP1
Example of using a NAV 2009 SP1 Custom control to show a Reporting Services report in a browser control.
What should you do if a collection agency has re-aged an old debt?
I have an account that will fall off my credit report soon. I just discovered that the account has been re-aged to look like I made payments a year ago.
What they have done is illegal.
You first need to contact both the credit reporting agency and the company that provided the information to the CRA. Tell them in writing what information you believe is inaccurate and why.
Under The Fair Credit Reporting Act the information provider is required to investigate and report the results to the CRA. If the information is found to be incorrect, it must notify all nationwide CRAs to correct your file.
If you do not get anywhere with this, call the FTC at 1-877-382-4357 or go to www.ftc.gov.
Spifiman is correct
You should also check to see where you stand with the collecting SOL in your state. (you might click on my profile and do some reading in the links I have listed)
Send the collector a debt validation letter. Include in the letter that they provide proof of the alleged payment. Demand that they send you a copy of the check, money order, cashiers check that was used to make the alleged payment.
Do not sign the letter, only print your initials or type your name
Signatures have a nasty habit of jumping from paper to paper in the hands of collectors
Send the letter certified mail return receipt.
When your receive the signed green card back file disputes with the CRA's for the trade line.
If the collector fails to provide validation and proof of the payment and verifies the trade line, file complaints with the FTC, BBB, your AG and the collectors AG.
Then redispute with the CRA's and include a copy of your FTC complaint.
If it's verified again, sue the collector.
What is the average amount of credit card debt for a single mother of a college aged child?
I have a son who I have put through a private Catholic High School (not cheap!) and he is on to college in 2007. I bought a modest house last year. I receive no child support. I carry a balance on my credit card (low interest rate) and I pay as much as I can every month. I am never late and have an excellent credit rating.
I'm wondering if the balance I carry is high/average compared to rest of US? Of course, I'd love to pay it off, but with the mortgage, tuition, expenses, etc. I cannot.
All things in their proper order.
I am older than you by a good many years I expect. I divorced my husband when my daughters were just 11 and 14 years old, and never received a dime in support from him.
I worked full time at a job I absolutely hated while my daughters were in high school, and then college.
10 years ago my parents needed me to live with them in their home to supervise their daily care. My father's mind was going and my Mom couldn't handle him alone.
I had been saving to put myself through University up to that point. My plan was to do the five years of university to obtain my degree. Then to purchase a house afterwards.
Taking care of my parents shelved those plans. And after five years when my mother died, I had to quit my job as well, because my Dad needed full time care.
I was left my parents house after my Dad died last year, but it sounds better than it is. The place actually needs about 50,000 dollars spent on it (minimum) to bring it up to date.
I have a house. And I have no credit card debt. But I have no job either, and no prospects of one now, since I am getting too old to be considered employable in my former profession.
I guess the point I am trying to make is to keep slogging along. And be thankful for each bit of security you can wrest for yourself. Debt is a b1tch, but it beats having nothing. Just be sure that you get well ahead on paying off your mortgage and other debts before you add anything more to it now.
A personal thought...there seems to be a lot more Superwomen out there in the world then Supermen. You don't see too many of them succeeding with this sort of daily pressure hanging over them. Women just seem to have a greater degree of responsibility and staying power.
Question about specific steps to take to remove re-aged debt from credit report?
I've done some reading about how to handle this, though some of the specific advice seemed to contradict and I don't want to make an inadvertent mistake that for some reason allows these annoying bottom-feeders to keep this on my credit report.
I had a Verizon and a Sprint account back in the late '90s, both of which I fully paid and closed with zero balance. In years following, two incorrect collection accounts, one each, appeared on my credit report. I made sure the mistakes were corrected and both were taken off my credit report.
Recently, a debt collection agency has put these two accounts back on my credit report. They list Verizon and Sprint as the original creditors, though the date opened for the accounts is now 2007.
Clearly, I want this removed from my credit report, though I haven't been able to locate documentation to prove that the debt was not correct. (It's been a decade and I only keep records for five or six years.)
What would be the best way to solve this? Should I write the credit agencies and inform them that even if there were a valid original debt that it has been almost a decade since the account was closed, and therefore shouldn't appear on my credit report?
Send a letter via certified mail to the debt collections agency stating:
Per the Fair Debt Collection Practices Act, I am requesting validation of this alleged debt.
since you paid it back in the 90's they won't be able to give you verification (and if they do, then you would have to take it up with verizon and sprint, and make THEM clear it with the agency).
Then state that you would like any negative information that has been put on your credit report removed.
You can actually find templates of letters you can write online (i will find one and post it in a minute)
ADD: This one is nice. It is a letter disputing the debt and requesting it be removed from your credit report. Just copy and paste and fill in the blanks
http://www.privacyrights.org/Letters/debt1.htm
don't worry there are online sites for your debt problem . All of the answers to your questions and everything that you need to enroll in program are provided right there, online, and they will be explaining everything to you each step of the way. The best part is that you can do it all from the comfort and privacy of your home or office.thanks
The best solution for your questions is the above mentioned site. It is a very good site with trustworthy people working on it. I have also got me problems solved and it also distribute free reports on credit. Very good site.
Recommend to all the people
A collection agency Re-Aged my account on my CR to the date I paid the debt?
Is this legal? I've found conflicting information on this. I contacted the original creditor (Citibank CC) to find out when they sold my account, and cannot get any information as they "purge old accounts over 5 years old". I know it orginated in 1997-98 and went delinquent in 98-99. Then NCO "bought" the debt and after much harrasment for years I finally paid it. My credit report now shows the "open" date as 2004 (even though NCO had the account many years prior) and the last report date as 2005. I have disputed it withthe CRA but they came back saying it was valid and met the FDCPA/FRCA guidelines. 2007 is close and this debt would be off of my credit report by the new year if only I can get this taken care of! Any ideas, help, suggestions?
I've been told that it is 7 years from the date of the original deliquency, not from the date of the payment to the collection agency?
I disputed it with the Credit Reporting Agency. On my credit report it says that I disputed it but that the item was valid and met the reporting criteria (FCRA, etc).
Also, is the 7 year date from the date the collection was paid (to the collection agency, not the original creditor) or from the date of the delinquency or charge off. This is very confusing & I can't seem to find a concrete answer anywhere.
an account is dated based on the last consumer transaction. So if you made a payment, its 7 years from date. You would have been better off not paying it and just letting go off your record.
YOU ARE ABOUT TO GO TO WAR!
Knowledge of the law is your only weapon. Do NOT fight these guys unarmed! >my battle cry<
So far everything you have done is correct. You have disputed this with the credit agency. Their job, under the FCRA guidelines, is to "verify" the debt is "fair and accurate".
All that means is they contact the creditor/collection agency and ask "is this a valid debt, and are we listing it correctly?". If the creditor says "yes" then the listing stays and the CRA has fullfilled their requirements of the FCRA (Fair Credit Reporting Act).
But there's a problem. The law says that reports can only stay on your history for 7 years, beginning on the date of the delinquency. What does that mean?
If you owe a debt on Jan 1, 1998, and miss that payment, THAT is your delinquency date. Until you have paid the balance, that will remain your date. Once it goes to collections, paying off the balance makes no differance. The account is technically closed and in collections. Therefore, placing any other date on your account is considered "re-aging" and it is illegal.
The links I've supplied below go into it more. Trust me, they are breaking the law.
So now what do you do?
Send the collection agency a "validation demand" letter. Note that this is very differant then asking them to "verify" the debt. Now they must supply you with all documentation, contracts, bills, receipts, and everything that they have to prove you have a legal obligation to pay this debt.
Since you claim Citybank doesn't have the records now....seems like the Collection Agent is going to have a tough time. They have 30 days to supply you with this information.
Be sure to send this demand by certified mail. That's important, because when you sue them you will need the proof.
Sue???
Yup. If after this letter is sent, the collection agent does not remove the listing from your report, then file a small claims suit. By law, you can sue them for $1000 for placing "unvalidated" reports onto your credit history. You can also sue them for any damages it caused, like a turned down loan, or higher interest rates on other loans.
Trust me, it's easy to do it. I went after someone and got $1200 for my trouble.
If you need help, contact me. For now, do your homework and read the links below.
What do you do if a creditor re-ages a debt?
I know its illegal. Debt was in 1996. Credit report said it was 2000 and verified in 2002.
Dispute it directly with the credit bureaus, not the collection agency. Send a letter to all credit bureaus stating:
Per the Fair Credit Reporting Act I am requesting validation that this debt from 1996 is being reported within the 7-year allowable time frame as allowed under the Fair Credit Reporting Act.
GOOD LUCK
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It's legitimate. Icame across this company on NBC News Special Edition.Check it out here:
http://lnkurl.com/25
How old does debt have to be to file bankruptcy?
We will be filing for bankruptcy in approximately 1 month. We've already contacted a lawyer..we haven't filed yet because of the holidays. We had our car repossessed last month and received a letter about the sale of it this past weekend. The car sold at auction for approximately $5,000 less than we owed. Is this debt considered new debt? And could be it filed under bankruptcy? Or is there a certain "age" the debt has to be to be claimed?
p.s. We are filing in Alabama.
since you have not file yet yes it will be part of the bk!!!!
is most teenagers around my age in debt ?
see i am 20 years old and im in debt with school tuition. i pay for food, rent, car, insurance. how much do you have saved in savings. people around 19 to 21 how much money do you have and whats your situation only true answers please.
Most 20 somethings don't have money in savings and use what money we do have just to get by day to day.
You can't be expected to have all that much in savings, after all you are only 20!
Stop worrying, debt is a part of life and especially with your situation where you are studying.
Try to take each day as it comes because sometimes that is all that can be done!
When you finish studying then you should be able to get a good paying job and then you can start repaying your debts and trying to save for the future, until then focus on the present and your studies.
If you keep worrying yourself then you will not be able to focus on your study then all the tuition debt would have been for nothing!
Good luck and I hope I have helped.
Is it normal for 2 collection agencys to report same debt?
I noticed the first collection agency name "Arrow Financial Service' was reporting on my credit report for a debt and was updated in July 2006, then I recieved a letter from in infamous Ken Hughes ( Merchants Credit Guide} on July 6, 2006, about the same debt for First Premier Bank. I have been keeping up copies of my credit report and it shows that account was 30 days late as of Oct. 2000 and it led to a charge off in Feb. 2001. What I want to know will "KEN" try to re-age this debt? I hear rumors about him all the time. The SOL in my state is 7 years.
I don't know of any state that has 7 years for either written or open accounts. Or where you found your SOL. (Unless this is from a judgment.)
If this is with First Premier, I'm guessing that this is for a credit card debt. And there is no judgment? If it is a cc it may be an open account SOL.
I haven't looked at the statutes for each state, as far as how many have cc's as open, but many do. If the states have statutes that show them as open, and if the debtor (or their atty) doesn't push the open statutes, the collectors usually try to go by the written statutes. (I hope I made sense with that last paragraph, it's late and I'm a bit tired lol)
You might go to the link I've provided. Go to the bottom of the page and look up your state. On many (if not all) of the states that are listed, if that state has statutes for a credit card as an open account, the statutes may be listed also.
The site owner is very knowledgeable and has done extensive research on all states statutes, gleaning as much info as possible to prove that cc's are open.
The second site I've listed is Bud Hibbs site. Read about what he has to say about Merchants Credit and click on the Read Customer Comments button and read what others have gone through with this company.
The third site I've listed is a "free" credit repair site. All of the info on there is free to read and use. Do some reading in the newbie forum than in the credit forum and learn your rights and how to deal with Arrow and Merchants.
How terrible is it to have credit card debt?
I'm a 24 year old single mom of one....I do not live above my means in any way yet we usually don't even make it paycheck to paycheck. It is so frustrating not being able to just do....needing an oil change is a struggle nevermind my son wanting to do tae kwon do. I see so many people that have so much more but make around the same amount of $ and it makes me want to just go ahead and build some credit card debt. I'll die owing somebody something, right? I'm not the type of person that would splurge on nonesense, I would use it when I can't make it to pay daycare instead of going to my mom is trying to prepare for retirement next year. I feel like I will never get ahead otherwise....is it really that terrible to have some credit card debt at a young age. Any advice would be most appreciated.
The best way to consolidate your credit card debts or any other high interest debts is using a home equity loan. Of cause, you need to own a home in order to apply for a home equity loan. Home equity is ideal for you to consolidate your credit card debts because the interest is much lower interest rate than credit card and other unsecured loan. And the best part is it normaly have different terms or repayment periods for you to choose from. The longer the repayment terms, the lower the monthly payment is. If your current financial is tight, you could choose the longer repayment term and pay more when you are at better financial situation.
With a home equity loan, your equity works as the collateral. If your home equity is $50,000, you could obtain a loan up to this amount. You could use this home equity loan to clear up all your credit card balances plus other loans; and you just need to focus on making a single monthly payment to your home equity loan.
Some Caution On Using Home Equity Loan To Consolidate Your Debts
Although consolidate all your credit card debts with a home equity loan is an ideal way to settle your high interest rate outstanding debt. You should use the fund wise, borrow just what need to clear your consolidated debts and avoid accumulating new debts while working on clearing your home equity loan. Failure to repay a home equity loan will result in losing your home. Read more from: http://www.credit-card-gallery.com/consolidate_credit_card_debt.html
How much debt where you in when you were 21?
because my mum keeps saying i am in way to much debt for my age, but i don't think it's that bad.
well i don't pay for college fees here in scotland.
I have 2 student overdraft accounts, 3 store cards and 2 catalogue accounts
which comes to about £5,000
about $10000 in student loan. I had no credit card debt because I paid the full balance every month.
While you may have credit card debt, you may want to think about paying it off as soon as possible and watch your spending. But at least your debt is just below average in United States. In USA, average consumer debt is around $12000 (this does not include mortgages). So if you convert your 5000 pounds to US dollar, thats almost $10,000 in debt. So your debt is about average if you were living in USA.
aged debt - News
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Humour Helps Teens Avoid Pitfalls of Credit and Debt Young people-Canadians aged 18-34-are the most likely to report low levels of financial confidence according to a recent survey from the Canadian Foundation |
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Some new relief as Americans file 2008 taxes It used to be that the debt forgiven by the bank was taxed as income. Like last year, however, forgiven mortgage debt up to $2 million is not taxable. |
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Young don't feel economic pinch - Kansas.com Young don't feel economic pinch Hayworth also said she is lucky that she graduated from Washburn University without any debt and hasn't racked up any since then. Most young adults haven't |
Barack Obama owes debt to Muhammad Ali’s fighting spirit - Times Online
Times OnlineBarack Obama owes debt to Muhammad Ali’s fighting spirit Ali was the same age as Till and the episode set in motion a chain reaction that would culminate in him asking a teacher if he could write an assignment on
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'Become your own bank' to get out of debt - ENC Today 'Become your own bank' to get out of debt in a retirement account or savings account or use it to pay down debt. Take advantage of employer retirement benefits: Regardless of age, |
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