Q: I am told that New York has 10 year statute of limitations on debt. Is that correct? I owe some major, at least for me, money to Capital One Visa and Macy's credit card from August 2003 and hoping for SOL to run out. 10 years are really going to knock me off.
A: You have to last for 8 more months or so. Fortunately for you, statute of limitations on debt in New York State is 6 years for all contract types - Oral, Written, Promissory Note and Open Account. New York does have 10 year 
And having one is not enough these days to obtain a loan. What is an excellent credit score in today's credit mess? The short answer is a middle score of 720 and above should do it. The long answer is a bit more complicated, as lenders now look at the length or depth of your credit history and yes, the size does matter. That is of your down payment. Your income must be sufficient to qualify as well.
Q: It would be very beneficial for readers like myself to have a comprehensive review of credit repair companies posted on your site. There are so many websites offering credit repair services, and literally all are scams, trying to rip people off.
A: I am sorry, but Bad Credit Advisor isn't going to do any credit repair reviews. The site is all about 
The spot price of platinum dropped below price of gold on Friday, that was yesterday, December 12th. That happened for the first time in some 20 plus years. Just think of that in May, platinum price was at $2,200. While it does present a unique opportunity to buy platinum, the coins are expensive. Lear Capital charges $165 premium over the spot on 1 oz. American Platinum Eagle. It was actually $250 just a week ago. The only reason it got cheaper is that Kitco finally got platinum bars for only $65 USD over the spot. I called Kitco to figure out who makes those bars, but the rep didn't know. APMEX today offers brand new PAMP Suisse platinum bars for the price of $927, which represents a $100 markup. Gold and platinum prices show interesting picture. As I type this message APMEX shows gold price at $823.90 to bid and $824.90 to ask, while platinum is priced at $817.10 and $827.10 respectively. Kitco, which clearly uses different futures, prices gold at $822.00 and $822.80, while respective platinum prices are $823.00 and $833.00. Previously, 
Q: I owe roughly $3,400 and the creditor threatens to garnish my pay. My legal department guy claims, Texas doesn't allow wage garnishment. Is this true? The creditor keeps on threatening.
A: You are in luck, as long as your paycheck comes from Texas, and not from an out-of-state location. There is no wage garnishment in Texas, as state constitution makes current wages exempt property. The only garnishable exceptions are child support, student loans, bank accounts, rents and royalties - to the best of my knowledge. Tell the creditor that the threats are very likely in violation of the Federal Debt Collection Act, as it has no legal authority for garnishment.
The First Option Visa is the secured credit card that is issued without any credit check whatsoever. The only things verified are age, social security number and residence. As long as you can furnish these items, you can obtain a credit card with initial credit limit equal to the amount you deposit in your collateral savings account with New Millennium Bank (NMB), minus one time processing fee of $99.95. Minimum deposit is $300, maximum deposit is $5,000 per card. You will be