Credit, Credit Bank, Credit Auto


 

Consumerist: Debts
The%20One%20From%20Seinfeld.jpgThat unreturned library book could threaten your credit score if it becomes a permanent fixture on your shelf. According to the New York Times, vickdebts.jpg Oh, Michael. What have you done now? An Indiana bank is suing Mr. Vick for not paying loans related to a car rental business:
Vick signed loan agreements as the CFO of Divine Seven, which bought at least 130 vehicles, including many Kia Spectra and Ford Taurus cars, through 1st Source Bank loans, according to documents filed in U.S. District Court in South Bend on Wednesday.

A phone call Friday to a number listed on loan documents for Divine Seven was answered by a clerk at a Payless Car Rental office in Atlanta. The Associated Press left a message there for Art Washington, who signed some of the loan documents as Divine Seven's CEO.

According to the lawsuit, 1st Source Bank made a written demand for payment on Aug. 24, but Vick and Divine Seven have "failed and refused to pay." Wait, Art Washington? Is that like Ron Mexico? Or that an actual person? Oh well. We don't really care. According to the lawsuit, Vick owes $2 millionish for the cars. To make matters worse according to the Atlanta Journal-Constitution, a Canadian bank has sued Vick in federal court in Virginia claiming he defaulted on a $2.5 million line of credit he took out to use to invest in real estate.

Bad consumer.
afnidouche.jpgA reader whose wife received a debt-collection notice from AFNI regarding a seven-year old Verizon account was actually just one of over a million consumers getting a similar letter, creditcardgett.jpgThe main parking garage for the U.S. Bankruptcy Court in New Hampshire only accepts credit cards, reports mantyping.jpgFair-Debt-Collection.com has a sample letter to use when disputing a debt with a debt collector. You would want to do this if the debt belongs to another person, the amount is wrong, the statute of limitations on the debt has expired, or you just feel like making them prove t