I made an informal contract with one of my sons when I was adding on to my house. I would add on space enough so he could have a 1200 sq ft apartment, but he would have to finish it off. He put in a set amount of cash up front for part of the finishing off, and then he agreed to finish off the space with a monthly sweat equity instead of paying rent.
I agreed in the contract to pay back his initial amount if he moved out, and he agreed to the monthly sweat equity (some tiling, painting, trim work). He did move out, but he did absolutely nothing on his sweat equity payments even though he lived there rent free for over two years.
He insists I owe him the full amount he paid in the beginning. I think he owes me for the free months of rent up to what I had to pay to get his sweat equity jobs completed. I hate to spend money on a lawyer, but wonder what my legal options are. He is still insisting I have to pay him every penny, and the second part of the contract does not count. Should I pay him what I think I owe him, or should I hold further payments until we can get an agreement? (I’ve paid him about half already.) I’m in New York State.
My mother is the power of attorney (POA) for her mother (my grandmother). Grandmother is 86, and mother is 62. Grandmother owes credit card debt to the tune of many thousands, but on her fixed income can’t pay it back too well. Is my mother liable for that debt? In other words, can the credit card company come after my mother for payment just because she’s the power of attorney for my grandmother? Thank you in advance for your help.
I have really bad debts for 3 years now i have tried to pay off my debts i have only paid off 2 out of 20 i do work but i dont see me or my family gettting out of debt it is really frustrating i dont see a way out my husband cannot help becuase he is indocumented in other words (illegal for him to be here) i really need help i cant afford another huge bill so if you know of a place that can help me without giving them alot of money please let me know, thank you .
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It’s been about 3 years since I had to break a year apartment lease to move for work. I tried to talk to them to work something out and they said sorry you have to pay for the last 3 months of the lease. I didn’t have that kind of money to fork over so I had to just leave. Now they have ruined my credit score saying I owe them ,600. My rent was 0/month. I can’t get a house because of this so my question is what do I need to do to get this off my credit report ASAP? Credit lawyer? If they started renting the apartment I was in say the next month, are they allowed to collect from the new tenants and me at the same time? Is that some kind of double payment? Thank you in advance for any advise you guys & girls have!!!
I lost my job 4 months ago and have been trying to get one since then. I have fallen behind on my credit card payments. I got a letter in the mail today stating that my account was going to be written off as bad debt if I didn’t call today and make a payment. I don’t have any money. I’ve been telling them this but they aren’t listening. What do I do? Do you still owe on an account if it’s written off as bad debt? I can make payments once I get a job but what do I do until then?
Okay, so I have had this dark cloud of credit card debt looming over me for about 10 years. I have it paid down sufficiently, but a big amount is still there. I now have money in my savings that would allow me to totally pay it off. Opinions? Should I take the money in my savings and pay the credit card debt off completely? I have very good job security where I work, so I am not soooo worried about being laid off.
I recently received my annual bonus from work and I want to pay off one of my credit cards. What should I ask to be reported on my credit record that will help improve my credit rating? I have numerous missed payments and had gone over my limit since I could no longer pay my old debts but I want to start fresh and work on being responsible building good credit instead of being haunted by my college mistakes.
ok first let me add to the fact that I have not taken out a new line of credit in over 3 years I haven’t charged anything to my cards in the last 18 months and my goal is to put the past behind me in the most favorable light so that I can get debt free and when I need credit (to buy a car or house) I can do so with out rates that leave me a slave to my creditors. and if we can leave out bible references that would be great thanks