There are some Finance companies that will also try to se up credit card accounts for loans defaulted on over ten years ago. Then If you refuse to pay the charges because you didn't own the account they can put the amount right back on your credit.
Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.
Christie Fowler of SD @ May 16, 2008 13:32:30 PM
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