i am getting asked for some stuff from broker, but have bad credit. sm
Posted By: wanderer on 2007-04-10
In Reply to: Self-employed/IC and buying a house? - sm
anyone know who will finance for credit score of 535? i have 10% down. already done all paperwork including appraisal, but getting a run around from company thus far and didn't get good results with BBB investigation on them so i am thinking i may need to try elsewhere.
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Why does closing a credit card account negatively affect your credit report
Especially when I never use it anyway, and really never wanted it?
With all the bank rearranging going on in the past few months, one of my accounts was tranferred to Bank of America. I was sent new cards and a new agreement, new interest rate etc...
So I called them up and cancelled but before they did, I had to listen to a spiel about how this would negatively affect my credit report.
Huh?? Why is that?
credit
My girlfriend did use the service. It worked great for them. It also put all their payments in one. The only thing is you need to watch what "items" you put under the service because it will keep you from purchasing items for so many years.
credit
I have used Consumer's Credit Counseling Services locally. They were wonderful to me. Put me on a generous budget, put all my bills under one payment (had to cut up all credit cards - which was a blessing and freedom after I got used to it), cut the credit card interests way-way-down or to none, and finally got everything paid. At first there was no charge from them, but later I paid $5 a visit, but I imagine they have surely put a low charge now. They were pretty strict with me (which I needed), but it worked. They were always accessible to talk with, which I really liked too. Also it was nice to refer callers to them, saying, "I am a client of CCCS and they are helping me" and not have to deal with the callers any more. In fact, after they were notified of intent to pay by CCCS they never called again.
Good luck. It meant freedom to me.
credit
I did hear that credit counseling is reported to the credit bureaus, but so are late payments, over-limits, missed payments, etc., etc. so ultimately I don't imagine it could ding your credit score any worse.
credit
I don't know the answer to that. We have only bought cars and a house on credit since then. Be sure to talk to the credit counselor before signing up and find out. They will know.
Credit card (SM)
There was information about credit cards and interest rates going around late last year/early this year. Basically, from what I understand with the new bankruptcy law this was attached to it. The credit card companies can and will charge you and me whatever interest rate they want to, and the only thing we can do is cancel the card and pay off the balance. There were these little inserts with your statements that many of us just throw away and never think about it. But I did read the ones that were sent with several of my statements, and I kindly told them to keep my rate where it was and I canceled the card. Sad but true. 
NO more credit cards
I had a credit card with a high balance. I got a second mortage to pay it off. I called the credit card and got the payoff balance and my bank sent a check to them. I kept watching on line to make sure they got it and when they did I noticed that there was a $95 credit. So, I called and said how do I get my money back. They sent me a check and when I got it, I called and closed the account. This was about two weeks ago. Today I get a statement from them with a balance due of $45! Huh??? I called and they keep telling me it is a finance charge. I got pretty steamed and finally ended up saying that I would pay it, but no more. Well, I wrote out the check and put in in the mailbox, but I'm still stewing about this. If I still owed them money, why did they send me a credit?? What is the finance charge on if I had a credit balance? I suppose I will just pay it because they will only keep tacking on even more charges, but it is really bugging me. Has anyone else had any experience with this??
I will say one thing - NO MORE CREDIT CARDS EVER EVER EVER. REALLY. I mean it this time.
About my credit card
I owed close to $10,000.00 about 2 months ago on my credit card and called to make sure I sent the right amount as paying it off. After I paid in full, they also sent a "finance charge" for around 35 to 40 dollars. I paid that but have discontinued using that card. I have another card, used during Christmas, interest about half of the other one and getting that paid off before long also, just sent $500.00 towards that yesterday. I on the first had asked for payoff amount but the finance not there when I asked.
Our credit was very shakey (sm)
when we bought our house 6 years ago and we have now (both husband and I) been ICs in this biz for 11 years. As an IC you are supposed to work for different companies according to the IRS so you could really jam yourself up if you got a letter like that from your current company. Personally - I would refuse and find another mortgage company. I had a very young and inexperienced mortgage person when we refinanced our house through a credit union - it was literally a nightmare - I don't have the time anymore! If you have good credit move on and find someone who appreciates your business
ruined credit????
Went to work for a company about five years ago. The pay was EXCELLENT, however, they paid me "when they got around to it." Now my credit is so terrible I can hardly qualify for a home loan!!! Has anyone else experienced this problem???? Still suffering after having quit four years ago!!!!!
Sorry to say, but you have proven yourself a bad credit
x
Not the only way, my credit just restored on its own
after years of not having as posted below, went and had a clean slate just as if no credit at all in my life, went from bankruptcy to nothing bad about me, nothing! I did learn how to be responsible after that time though, now have excellent credit rating.
Credit for your daughter
As DW stated, federal loans are given to students - have her go to financial aid office/web site of school and see what she needs to do to apply for them.
Does your daughter have a credit card? Yeah, I know, scary thought, but the sooner they can establish good credit, the better off you all are. My son has a card for college students from Citi Bank. He's had it since senior year of high school and I tell him to use it for EVERYTHING. Gas, pizza, books at school, etc. He keeps track (amazingly) and pays the card off every month so he never gets charged interest. His bill is usually for under $50.
He's been having problems with his cell phone, it's already been fixed once, yet the same problem keeps happening. The contract for the phone was up last week which means he could get a new phone for next to nothing provided he renew for another two years. I told him I'd buy him he new phone for a Christmas present. I've been paying his cell bill of $45/month for years. He wanted text messaging added to his plan. I told him I will only pay the $45, he can pay the difference if he wants to text his friends because NWIHAIPFI so he can ask his BFF what time they can meet for lunch when he could just call the dude and leave a message if he isn't there! Well, a two-year commitment with the phone company would bring us to 6 months AFTER he graduates from college and he could be in Madagascar by then for all I know with the cell bill still coming to me. I asked the cell phone company if the contract can go in my son's name. They told me no, because his credit rating as a student wouldn't qualify him. I asked them to check anyway. They did, the woman was shocked, he was approved, and now he has a new contract with text messaging for $10 more and the bill goes to him! I'll deposit $45 in his checking acct every month and he can write the check.
This is partial payback for the night I had to spend in a battleship with 400+ other Cub Scouts and their fathers when my son was little. Hot dogs and beans was the dinner. Need I say more? Bunks stacked 5 high with me on the top bunk and hot air rises. He will owe me for that for many years to come.
I think its credit cards...
The newspaper had an article the day after Christmas how people are defaulting on their credit cards all over the place. This added to the mortgage companies having problems with people unable to pay their balloon payments and the bad housing market, price of gas is sure to lead (the article said) to a recession.
When I was shopping I saw all the people with tons of things in their carts, DVD players, computers, etc. on Christmas eve. This was regular people at Walmart. I saw a lot of credit cards flashed around. Paying minimum payment will cause Christmas to cost tons more and they will be paying beyond the item's life which they purchased.
We went through this. We tried to sell our house, rented to own another and went broke in 3 months. After we had 2 house, fell back on credit cards the interest piled up and it was terrible! We moved back and are on a budget. So, I shopped without credit this year, and you know what? I had more fun. And I have 3 kids. Their things were simpler than the fancy things they got last year. The most expensive things we got were bikes because they are growing and we got those on sale. The rest were creative items. I am not saying that what we did is so great. What I am saying is that peeople are not looking at the big picture these days and if they do not use cash (as we had not in the past), they may not be able to pay their debt if hard times fall. In the meantime, grandpa sent my son 100 bucks, which I let him spend on a train set (I should not have let him do that he is 7) and he cried that his money was all gone and he did not want the train set anymore. I bet if I had him save some of it and had him buy simpler things, well I bet he would not have been crying. At least at age 7 he is learning that money is not easy to come by. And he is learning the hard way because I will not give him more money to replace what he spent. Sorry such a long message. It is just that we did not even afford an XBox, and I wanted a Wii myself, but we avoided all of that because in the end we learned that Christmas is not about credit cards, the junk it buys. I think the end of the cartoon the Grinch where the Who people did not even care about the presents was correct. Maybe we'd be happy with less things and more love. I don't know. This was not meant to be a sermon forgive me. We all have to learn what Christmas means to us and I say let people do what they want, consequences are always result of actions anyway. Just IMO. Happy New Year everyone!
Can't take credit for the idea.
When I was in my late teens I nannied for a very wealthy family who bought a truck load of stuff from a children's hospital as well as made a huge donation and I spent WEEKS handwriting "A donation has been made in your name" to this hospital and then including a sweatshirt, t-shirt, mug or whatever else they bought.
credit counseling
I did use one, but in retrosepct I don't think I would do it again. It ends up lowering your payments or your interest a little, but they also charge you a monthly fee - mine was 35.00. All they basically do is pay your bills for you with what you send them. It takes a good 2-3 months to get set up and working and by that time your bills are even more overdue. I think your best solution is to talk to all your creditors and be disclipined about paying to the exclusion of having a life until you are caught up. I finally got out of the hole, but it was hard and seemed like it would never happen. Good luck to you. You can do it.
which could damage your credit
x
they can be put on your credit report...
I know for sure b/c I have one on mine. :(
credit card
I've not had personal experience, but I know to be wary of some of those companies that advertise. I saw a financial advisor on the Today Show and she said to make sure you go with Consumer Credit Counseling; maybe there's a link on the Today Show website. Good luck!
credit debt
Wow thanks for all the good tips.
As this got off the subject and onto other things, I just wanted to say I have heard Al-Anon is excellent for people dealing with alcoholism in a spouse or other loved one. It might be a great place for support for you and your kids. Just a thought.
Pay off our credit card
And with the little we'd have left just put it in the bank
Credit Check
For several years now almost all employers have been running background and credit checks on all employees before they are hired. It has nothing to do with "your son". It is now common practice. Most likely if he is behind on his child support as soon as he gets a job they will attach his wages for payment. Alot of employers do not want to deal with the paperwork involved with that kind of stuff. The stigma of not paying your bills may soon change with the state of the economy and employers may start taking a different look at it. Did your son go to court and file to get his child support adjusted given his unemployment status? That would have helped him at least not be so far behind and may keep him from wage attachment when he does get a job.
At any rate don't get so upset, it is common practice for employers to do credit and background checks on every employee now (in fact your son probably signed the paperwork authorizing them to do so) and they use the results to make their hiring decisions.
You asked for it, you got it.
Link to WalMart website selling gay and lesbian books. I have also seen gay and lesbian books on their store shelves.
http://www.walmart.com/catalog/catalog.gsp?cat=134928
WalMart Partners with gay and lesbian group in August
http://www.afa.net/walmartadage.htm
Since you asked.
If low prices are your top priority, then Wal-Mart may be the place for you; however, I think far too many people make the decision to shop at there without knowing all the facts. If after knowing how Wal-Mart is run they still choose to shop there, that's their choice. We do live in a free country after all. I simply care more about other things besides the lowest price, that's all. (By the way, I am nowhere near wealthy, in case that's what you're thinking. I am a single mom raising 3 children, even putting one through private boarding school, but I am very conscious about whose businesses I support. I pay a little more to shop elsewhere, but that extra price is worth the piece of mind in knowing that I am supporting companies that are good for the environment, our economy, and mankind in general. Sometimes it costs more to do the right things, and I'm okay with that.)
I hope this is helpful to you. :)
(This is from the following website: wakeupwalmart.com)
A Substantial Number of Wal-Mart Associates earn far below the poverty line
* In 2001, sales associates, the most common job in Wal-Mart, earned on average $8.23 an hour for annual wages of $13,861. The 2001 poverty line for a family of three was $14,630. [“Is Wal-Mart Too Powerful?”, Business Week, 10/6/03, US Dept of Health and Human Services 2001 Poverty Guidelines, 2001]
* A 2003 wage analysis reported that cashiers, the second most common job, earn approximately $7.92 per hour and work 29 hours a week. This brings in annual wages of only $11,948. [“Statistical Analysis of Gender Patterns in Wal-Mart’s Workforce”, Dr. Richard Drogin 2003]
Wal-Mart Associates don't earn enough to support a family
* The average two-person family (one parent and one child) needed $27,948 to meet basic needs in 2005, well above what Wal-Mart reports that its average full-time associate earns. Wal-Mart claimed that its average associate earned $9.68 an hour in 2005. That would make the average associate's annual wages $17,114. [“Basic Family Budget Calculator” online at www.epinet.org]
Wage increases would cost Wal-Mart relatively little
* Wal-Mart can cover the cost of a dollar an hour wage increase by raising prices a half penny per dollar. For instance, a $2.00 pair of socks would then cost $2.01. This minimal increase would annually add up to $1,800 for each employee. [Analysis of Wal-Mart Annual Report 2005]
Wal-Mart forces employees to work off-the-clock
* Wal-Mart’s 2006 Annual Report reported that the company faced 57 wage and hour lawsuits. Major lawsuits have either been won or are working their way through the legal process in states such as California, Indiana, Minnesota, Oregon, Pennsylvania, and Washington. [Wal-Mart Annual Report 2006]
* In December 2005, a California court ordered Wal-Mart to pay $172 million in damages for failing to provide meal breaks to nearly 116,000 hourly workers as required under state law. Wal-Mart appealed the case. [The New York Times, December 23, 2005]
* A Pennsylvania court, also in December 2005, approved a class-action lawsuit against Wal-Mart Stores Inc. by employees in Pennsylvania who say the company pressured them to work off the clock. The class could grow to include nearly 150,000 current or former employees. [Arkansas Democrat-Gazette, January 12, 2006 ]
* In Pennsylvania, the lead plaintiff alleges she worked through breaks and after quitting time — eight to 12 unpaid hours a month, on average — to meet Wal-Mart’s work demands. “One of Wal-Mart’s undisclosed secrets for its profitability is its creation and implementation of a system that encourages off-the-clock work for its hourly employees,” Dolores Hummel, who worked at a Sam’s Club in Reading from 1992-2002, charged in her suit. [Arkansas Democrat-Gazette, January 12, 2006 ]
Wal-Mart executives did not act on warnings they were violating the Fair Labor Standards Act (FLSA)
* Wal-Mart has known for years of a massive companywide problem of fair labor standards violations but did not take sufficient steps to address the problem. An internal Wal-Mart audit of one week of time records in 2000 from 25,000 employees had alerted Wal-Mart officials to potential violations. The audit found 60,767 missed breaks and 15,705 lost meal times. It also alerted Wal-Mart executives to 1,371 instances of minors working too late, during school hours, or for too many hours in a day. [Steven Greenhouse, “Suits Say Wal-Mart Forces Workers to Toil Off the Clock,” New York Times, A1, 6/25/02]
* Despite this knowledge, Wal-Mart had to settle in January 2005 for violations that took place from 1998 to 2002, Wal-Mart agreed to pay $135,540 to settle U.S. Dept. of Labor charges that the company had violated provisions against minors operating hazardous machinery. [Ann Zimmerman, “Wal-Mart's Labor Agreement Is Criticized by Former Official,” Wall Street Journal, 2/15/05]
* In March 2005, Wal-Mart agreed to pay $11 million to settle allegations that it had failed to pay overtime to janitors, many of whom worked seven nights a week. [Arkansas Democrat Gazette, 11/7/05, Forbes, 10/10/05]
* The State of Connecticut, investigating Wal-Mart’s child labor practices after the federal investigation ended, found 11 more violations. In June 2005, Connecticut fined Wal-Mart Stores Inc. $3,300 over child labor violations after a state investigation found that some minors lacked proper paperwork and were operating hazardous equipment at the stores. [“Wal-Mart Is Fined for Child Labor Violations,” Bloomberg News, June 22, 2005]
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Wal-Mart and Health Care
Download the Wal-Mart and Health Care Flyer - PDF
Wal-Mart’s Health Care Plan Fails to Cover Over 775,000 Employees
* Wal-Mart reported in January 2006 that its health insurance only covers 43% of their employees. Wal-Mart has approximately 1.39 million US employees. [http://www.walmartfacts.com/docs/1625_jan2006healthcarebackgrounders_576890240.pdf]
Wal-Mart’s Health Insurance Falls Far Short of Other Large Companies
* On average for 2005, large companies (200 or more workers) cover approximately 66% of their employees. If Wal-Mart was to reach the average coverage rate, Wal-Mart should be covering an additional 318,000 employees [Kaiser Family Foundation, 2005 and http://www.walmartfacts.com/docs/1625_jan2006healthcarebackgrounders_576890240.pdf].
Wal-Mart’s Health Care Eligibility is Restrictive
* Part-timers—anybody below 34 hours a week – must wait 1 year before they can enroll. Moreover, spouses of part-time employees are ineligible for family health care coverage for 2006. [Wal-Mart Stores, “My Benefits, New Peak Time Benefits Making ad Difference For You,” 2006]
* Full-time hourly employees must wait 180 days (approximately 6 months) before being able to enroll in Wal-Mart’s health insurance plan. Managers have no waiting period. [Wal-Mart 2006 Associate Guide]
* Nationally, the average wait time for new employees to become eligible is 1.7 months. For the retail industry it is 3.0 months. [Kaiser Family Foundation & Health Research and Educational Trust, 2005]
All of Wal-Mart’s Health Plan’s Are Too Costly for Its Workers to Use
* Since the average full-time Wal-Mart employee earned $17,114 in 2005, he or she would have to spend between 7 and 25 percent of his or her income just to cover the premiums and medical deductibles, if electing for single coverage. [Wal-Mart 2006 Associate Guide and UFCW analysis]
* The average full-time employee electing for family coverage would have to spend between 22 and 40 percent of his or her income just to cover the premiums and medical deductibles. These costs do not include other health-related expenses such as medical co-pays, prescription coverage, emergency room deductibles, and ambulance deductibles. [Wal-Mart 2006 Associate Guide and UFCW Analysis].
* Wal-Mart trumps the affordability of its new health care plan. According to Wal-Mart, “In January [2006], …Coverage will be available for as little as $22 per month for individuals” [www.walmartfacts.com]
* What Wal-Mart’s website leaves out: Coverage is affordable, but using it will bankrupt many employees. Wal-Mart’s most affordable plan for 2006 includes a $1,000 deductible for single coverage and a $3,000 deductible for family coverage ($1,000 deductible per person covered up to $3,000). [Wal-Mart 2006 Associate Guide]
Wal-Mart Admits Public Health Care is a “Better Value”
* President and CEO Lee Scott said in 2005, "In some of our states, the public program may actually be a better value - with relatively high income limits to qualify, and low premiums." [Transcript Lee Scott Speech 4/5/05]
Wal-Mart’s Health Care is Getting Costlier
* Between 2000-2005, the cost of premiums rose 169 percent for single coverage and 117 percent for family coverage. [UFCW analysis of annual Wal-Mart Associate Guides].
* In comparison, premiums for family coverage in the U.S. have increased only by 59%, from 2000-2005. [Employer Health Benefits: 2004 Annual Survey, Kaiser Family Foundation & Health Research and Educational Trust, 2004] Wal-Mart Employees Pay More for Health Care Costs
* In 2004, Wal-Mart employees, in total, paid approximately 41% of the plan costs [Wal-Mart IRS 5500 Filings, 2005].
* Nationally for 2004 on average employees paid for only 16% of single coverage costs and 28% of family coverage costs [Kaiser Family Foundation, 2005].
Wal-Mart Covers Less of the Health Care Costs Compared to Its Competitors
* In a state analysis, the Massachusetts Department of Health and Human Services found that in 2003, Wal-Mart covered only 52% of total health care premium costs compared to K-Mart which covered 66%, Target which covered 68%, and Sears which covered 80% [“Employers Who Have 50 or More Employees Using Public Health Assistance,” Division of Health Care Finance and Policy, 2/2005]
Wal-Mart’s Spending Falls Below Industry Standards
* Wal-Mart’s spending on health care for its employees falls well below industry and national employer averages. In 2002, as reported in the Wall Street Journal, Wal-Mart spent an average of $3,500 per employee. By comparison, the average spending per employee in the wholesale/retailing sector was $4,800. For U.S. employers in general, the average was $5,600 per employee, Therefore, Wal-Mart’s average spending on health benefits for each covered employee was 27% less than the industry average and 37% less than the national average. [Bernard Wysocki, Jr. and Ann Zimmerman, “Wal-Mart Cost-Cutting Finds a Big Target in Health Benefits,” Wall Street Journal September 30, 2003 p1]
Wal-Mart Only Spends 77 Cents an Hour Per Employee for Health Benefits
* In 2004, Wal-Mart spent $1.5 billion on its health insurance. This amounts to an employer contribution of around only $0.77 an hour per employee. This accounts for approximately a half-percent of Wal-Mart's $285 billion in sales in 2004. [Susan Chambers, Wal-Mart Internal Memo, 2005, Wal-Mart Annual Report, 2005].
Wal-Mart Increased Advertising More Than Health Care
* In 2004, Wal-Mart spent nearly the same amount on advertising as it did on health insurance. In 2004, Wal-Mart reports that it spent $1.5 billion on health care benefits and $1.4 billion in advertising. [Wal-Mart Annual Report 2005, Susan Chambers, Wal-Mart Internal Memo, 2005]
* Between 2003 and 2004, Wal-Mart increased its advertising budget by $434 million, only increasing its spending on employee health care by $100 million. That means Wal-Mart increased its spending on advertising by 45 percent while only increasing its spending on employee health care by 7 percent. [Wal-Mart Annual Report 2005, Susan Chambers, Wal-Mart Internal Memo, 2005]
* In fact, Wal-Mart has consistently increased spending on advertising more than its spending on employee health care. Between 2002 and 2003, Wal-Mart put more new funds into advertising than into health care. Wal-Mart increased spending on advertising by $290 million, while only increasing health care spending by $215 million for the same period. (note: this also occurred in 1995-96, 1997-98,1998-1999). [Wal-Mart Annual Reports and 5500 Filings]
One Out of Six Wal-Mart Employees Has No Health Care Coverage At All
* This is more than double the national percentage for large firms (firms with over 100 employees). In fact, we estimate that Wal-Mart accounted in 2005 for more than 1 out of every 40 uninsured workers who are employed at a large firm. [Susan Chambers, Wal-Mart Internal Memo, 2005; Wal-Mart Annual Report; “Employer-Sponsored Health Insurance Coverage: Sponsorship, Eligibility, and Participation Patterns in 2001,” Bowen Garrett, Ph.D., released by the Kaiser Family Foundation September 2004].
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Costs to Taxpayers
Download the Wal-Mart and Cost to Taxpayers fact sheet - PDF
Your tax dollars pay for Wal-Mart's greed
* The estimated total amount of federal assistance for which Wal-Mart employees were eligible in 2004 was $2.5 billion. [The Hidden Price We All Pay For Wal-Mart, A Report By The Democratic Staff Of The Committee On Education And The Workforce, 2/16/04]
* One 200-employee Wal-Mart store may cost federal taxpayers $420,750 per year. This cost comes from the following, on average:
o $36,000 a year for free and reduced lunches for just 50 qualifying Wal-Mart families.
o $42,000 a year for low-income housing assistance.
o $125,000 a year for federal tax credits and deductions for low-income families.
o $100,000 a year for the additional expenses for programs for students.
o $108,000 a year for the additional federal health care costs of moving into state children's health insurance programs (S-CHIP)
o $9,750 a year for the additional costs for low income energy assistance.
[The Hidden Price We All Pay For Wal-Mart, A Report By The Democratic Staff Of The Committee On Education And The Workforce, 2/16/04]
Health care subsidies compared to executive compensation
* Excluding his salary of $1.2 million, in 2004 Wal-Mart CEO Lee Scott made around $22 million in bonuses, stock awards, and stock options in 2004.
* This $22 million could reimburse taxpayers in 3 states where Wal-Mart topped the list of users of state-sponsored health care programs, covering more than 15,000 Wal-Mart employees and dependents. [Wal-Mart Proxy Statement and News Articles GA, CT, AL].
Your tax dollars subsidize Wal-Mart's growth
* The first ever national report on Wal-Mart subsidies documented at least $1 billion in subsidies from state and local governments.
* A Wal-Mart official stated that “it is common” for the company to request subsidies “in about one-third of all [retail] projects.” This would suggest that over a thousand Wal-Mart stores have been subsidized. [“Shopping For Subsidies: How Wal-Mart Uses Taxpayer Money to Finance Its Never-Ending Growth,” Good Job First, May 2004]
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Community Impact
Download the Wal-Mart and Community Impact Fact Sheet - PDF
Wal-Mart’s growth negatively impact worker’s wages
* The most comprehensive study of Wal-Mart’s impact showed that the stores reduced earnings per person by 5 percent. This 2005 study by an economist from the National Bureau of Economic Research used Wal-Mart’s own store data and government data for all counties where Wal-Mart has operated for 30 years, It found that the average Wal-Mart store reduces earnings per person by 5 percent in the county in which it operates. [David Neumark, The Effects of Wal-Mart on Local Labor Markets 2005]
The Cost of Wal-Mart’s entry into a community can be significant
* According to a 2003 estimate, the influx of big-box stores into San Diego would result in an annual decline in wages and benefits which could cost the area up to $221 million [San Diego Taxpayers Association (SDCTA), 2003]
Lower wages mean less money for communities
* When an employer pays low wages to its employees, the employees have less money to spend on goods and services in the community, which in turn reduces the income and spending of others in the community. In other words a reduction in wages has a multiplier impact in the surrounding area.
* For instance, in 1999, Southern California municipalities estimated that for every dollar decrease in wages in the southern California economy, $2.08 in spending was lost-- the $1 decrease plus another $1.08 in indirect multiplier impacts. [“The Impact of Big Box Grocers in Southern California” Dr. Marlon Boarnet and Dr. Randall Crane, 1999.]
Wal-Mart hurts other businesses when it comes to town.
* In Maine, existing businesses lost over 10 percent of their market in 80 percent of the towns where Wal-Mart opened stores. [Georgeanne Artz And James McConnon, The Impact of Wal-Mart on Host Towns and Surrounding Communities in Maine, 2001]
* Food stores in Mississippi lost 17 percent of their sales by the fifth year after a Wal-Mart Supercenter had come into their county, and retail stores lost 9 percent of their sales [Kenneth Stone and Georgeanne Artz, The Economic Impact of a Wal-Mart Supercenter on Existing Businesses in Mississippi, 2002]
* Over the course of [a few years after Wal-Mart entered a community], retailers' sales of apparel dropped 28% on average, hardware sales fell by 20%, and sales of specialty stores fell by 17%. [Kenneth Stone at Iowa State University, “Impact of the Wal-Mart Phenomenon on Rural Communities,” 1997]
* In towns without Wal-Marts that are close to towns with Wal-Marts, sales in general merchandise declined immediately after Wal-Mart stores opened. After ten years, sales declined by a cumulative 34%. [Kenneth Stone at Iowa State University, “Impact of the Wal-Mart Phenomenon on Rural Communities,” 1997]
Wal-Mart destroys the environment
* Between 2003 and 2005, state and federal environmental agencies fined Wal-Mart $5 million.
* In 2005, Wal-Mart reached a $1.15 million settlement with the State of Connecticut for allowing improperly stored pesticides and other pollutants to pollute streams. This was the largest such settlement in state history. [Hartford Courant, 8/16/05]
* In May 2004, Wal-Mart agreed to pay the largest settlement for stormwater violations in EPA history. The United States sued Wal-mart for violating the Clean Water Act in 9 states, calling for penalties of over $3.1 million and changes to Wal-Mart’s building practices. [U.S. Environmental Protection Agency, May 12, 2004, U.S. v. Wal-Mart Stores Inc., 2004 WL 2370700]
* In 2004, Wal-Mart was fined $765,000 for violating Florida’s petroleum storage tank laws at its automobile service centers. Wal-Mart failed to register its fuel tanks, failed to install devices that prevent overflow, did not perform monthly monitoring, lacked current technologies, and blocked state inspectors. [Associated Press, 11/18/04]
* In Georgia, Wal-Mart was fined about $150,000 in 2004 for water contamination. [Atlanta Journal-Constitution, 2/10/05]
Wal-Mart increases vehicle traffic
* A 2004 study of estimated additional driving costs of Supercenters in the San Francisco Bay area concluded that there would be up to an additional 238 million vehicle miles traveled per year. [Supercenters and the Transformation of the Bay Area Grocery Industry: Issues, Trends, and Impacts. Bay Area Economic Forum, 2004]
* These extra miles traveled could cost communities in the Bay area up $ 256 million in additional costs for infrastructure repair and environmental degradation. [Supercenters and the Transformation of the Bay Area Grocery Industry: Issues, Trends, and Impacts. Bay Area Economic Forum, 2004]
Wal-Mart desecrates sacred grounds
* A nonprofit group that oversees the care of Native Hawaiian remains filed a lawsuit in 2003 against Wal-Mart, the State of Hawaii and the City of Honolulu. It alleged they violated state law dealing with the protection of preservation of human remains and desecration of graves. More than 60 sets of human remains were found at the Wal-Mart construction site in Honolulu. [KHNL-TV/KHBC/KOGG, HI. 7/20/2005]
* In 2004, Wal-Mart built a 71,902-square-foot store near the Pyramids of the Sun and Moon in San Juan Teotichuacan, Mexico. Teotihuacan was called "the place where the gods were created" by the Aztecs. [Knight Ridder, 10/25/04]
* In 1997, the Alliance for Native American Indian Rights in Tennessee called for a retail boycott of Wal-Mart after construction began on a site for a new store near Nashville. According to a state archaeologist, the site contained 150 graves. [Fulton County Daily Report, 11/30/00, Chattanooga Free Press, 11/23/98]
Wal-Mart's empty stores are blighting communities
* As of May 2006, Wal-Mart Realty has listed 320 vacant or soon to be vacant properties that the company is looking to lease or sell. They total to over 25 million square feet. Combined they are more than 6 times larger than the Pentagon building and larger than 440 football fields. [www.walmartrealty.com]
* Wal-Mart’s rapid expansion of Supercenters and Sam's Clubs has contributed to hundreds of vacant stores across the country. [“Wal Mart site: Use as is or rebuild?”, Dallas Morning News, 2/20/02]
* When Wal-Mart decides to convert a discount store into a larger Supercenter, it is often cheaper or easier simply to relocate entirely. David Brennan, associate professor of marketing at the University of St. Thomas, in St. Paul, Minn, noted that Wal-Mart stores relocate so regularly that, “it is not uncommon to relocate right across the street." [“Home Depot to Move from Old to New Store Next Door,” Providence News-Journal, 8/17/03]
* Wal-Mart’s stores are uselessly large for most other tenants. An average discount store is 97,000 square feet. Wal-Mart’s Supercenters are on average nearly twice as large at 186,000 square feet. [www.walmartfacts.com]
* Also Wal-Mart often resists other large retail stores moving in. A president of a major real estate developer in Dallas said in 2002, “They're not going to be very receptive to any retailer going into it and even if they sell it, they might put a non- compete clause in there.” As one Wal-Mart spokesperson said in 2004, "There are times when it's in our interest to get the property moving faster, but we're certainly not going to give a competitor an advantage." [Dallas Morning News 2/20/02, Wall Street Journal, 9/15/04]
* Wal-Mart planned to build another 60 million square feet of store space in 2006, or roughly the equivalent of 1,040 football fields or 16 Pentagon buildings. [Wal-Mart Stores, Twelfth Annual Analysts' Meeting, FD (Fair Disclosure) Wire October 25, 2005]
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Wal-Mart and Imports
* Wal-Mart highlights its American suppliers but imports 60 percent of its goods
* Wal-Mart directly imported 60 percent of the goods they sold in the U.S. in 2004. [Frontline, 11/16/2004]
* Just because Wal-Mart bought goods from suppliers based in the United States does not mean that they were actually manufactured in the United States. In fact, Ray Bracy, Wal-Mart's vice president for federal and international public affairs, was asked, “Do you have any idea what percentage [of non-grocery, domestic sales] comes from overseas?” He responded, “What we don't know is the numbers of products that come from distributors or from manufacturers that they [sic] decide where to manufacture.” Wal-Mart fails to track where their products are manufactured. [Frontline, 11/16/2004]
Wal-Mart and China
Wal-Mart buys much of its merchandise from China
* Wal-Mart reports that it purchased $18 billion of goods from China in 2004.
* Wal-Mart was responsible for about 1/10th of the U.S. trade deficit with China in 2005. [“U.S. Stock Investors Wary of Analyst `Yuan Plays': Taking Stock, Bloomberg, 7/1/05]
* If Wal-Mart were an individual economy, it would rank as China’s eighth-biggest trading partner, ahead of Russia, Australia and Canada. [China Business Weekly, 12/02/2004]
Many of Wal-Mart's “American Suppliers” actually manufacture most or all of their products in China
* An example of an “American Supplier” is Hasbro, headquartered in Rhode Island. Today, Wal-Mart is the largest purchaser of Hasbro products—accounting for 21 percent of all Hasbro goods or more than $600 million in sales. But Hasbro reports, “We source production of substantially all of our toy products and certain of our game products through unrelated manufacturers in various Far East countries, principally China.” Hasbro specifies that “the substantial majority of our toy products are manufactured in China.” [2004 Hasbro 10-K filed with the SEC]
Wal-Mart's Chinese factory workers are treated poorly
* Workers making clothing for Wal-Mart in Shenzhen, China filed a class action lawsuit against Wal-Mart in September 2005 claiming that they were not paid the legal minimum wage, not permitted to take holidays off and were forced to work overtime. They said their employer had withheld the first three months of all workers' pay, almost making them indentured servants because the company refused to pay the money if they quit. [New York Times, September 14, 2005]
* Workers making toys for Wal-Mart in China’s Guangdong Province reported that they would have to meet a quota of painting 8,900 toy pieces in an eight hour shift in order to earn the stated wage of $3.45 a day. If they failed to meet that quota, the factory would only pay them $1.23 for a day’s work. [China Labor Watch, December 21, 2005]
Elsewhere workers producing goods for Wal-Mart also face appalling conditions, despite Wal-Mart’s factory inspection program
* Workers from Bangladesh, China, Indonesia, Nicaragua and Swaziland brought a class action lawsuit against Wal-Mart in September 2005 asserting that the company’s codes of conduct were violated in dozens of ways. They said they were often paid less than the legal minimum wage and did not receive mandated time-and-a-half for overtime, and some said they were beaten by managers and were locked in their factories. [New York Times, September 14, 2005]
* A female apparel worker in Dhaka, Bangladesh, said she was locked into the factory and did not have a day off in her first six months. She said she was told if she refused to work the required overtime, she would be fired. Another worker said her supervisor attacked her “by slapping her face so hard that her nose began bleeding simply because she was unable to meet” her “high quota.” [New York Times, September 14, 2005]
* In 2004, only 8 percent of Wal-Mart inspectors’ visits to factories were unannounced, giving supervisors the chance to coach workers what to say and hide violations. Wal-Mart claimed it planned to double unannounced visits by its inspectors but that would still leave 80 percent of inspections announced. [CFO Magazine, August 2005]
* A former Wal-Mart executive James Lynn has sued the company claiming he was fired because he warned the company that an inspection manager was intimidating underlings into passing Central American suppliers. Lynn documented forced pregnancy tests, 24-hour work shifts, extreme heat, pat-down searches, locked exits, and other violations of the labor laws of these Central American countries. [New York Times, July 1, 2005 and James Lynn to Odair Violim, April 28, 2002, www.nclnet.org]
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Wal-Mart and Worker Injuries
Wal-Mart cares little for the safety of its workers
* In 2005, the United States Court of Appeals for the District of Columbia Circuit has upheld a $5,000 fine against a Wal-Mart store in Hoover, Ala., for blocking emergency exits. The court upheld a decision by a judge who found that Wal-Mart was guilty of a serious and repeated offense. [New York Times, 5/17/05]
* According to New York Times report in 2004, Wal-Mart instituted a “lock-in” policy at some of its Wal-Mart and Sam’s Club stores. The stores lock their doors at night so that no one can enter or leave the building, leaving workers inside trapped. Some workers reported that managers had threatened to fire them if they ever used the fire exit to leave the building. Instead, they were supposed to wait for a manager to unlock doors to allow employees to escape in an emergency. [New York Times 1/18/2004]
* The West Virginiastate workmen’s comp agency placed Wal-Mart in an “adverse risk” pool because Wal-Mart had unusually high accident rates. [Charleston Gazette, 6/3/99]
Wal-Mart takes a combative approach to workers’ compensation claims
* Arkansas Business in 2001 described Wal-Mart as “the state’s most aggressive” when it comes to challenging worker’s compensation claims. The company “stands far above any other self-insurer in challenges to employee claims.” [Arkansas Business, 1/8/01]
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Wal-Mart Non-Health Care Benefits
Wal-Mart fails to provide a secure retirement benefit for its employees.
* Wal-Mart sponsors two retirement plans — a profit sharing plan and 401(k) plan — neither of which guarantee workers a fixed monthly pension benefit.
* Wal-Mart has shifted risks to employees by concentrating investment in its own stock. From January 2000 to January 2005, the average adjusted share price of Wal-Mart’s stock lost more than a fifth of its value. By being concentrated in one security, employees’ retirement plans are subject to the whims of one stock rather than having the safety of a diversified portfolio. [Wal-Mart Annual Reports, 2000-2005]
* Wal-Mart's retirement plans are Enron-like -- in 2003-04, 67% of their combined assets were invested in Wal-Mart stock. [Wal-Mart Stores 5500 IRS Filing, 2004]
Wal-Mart shares little of its $11 billion profits with employees.
* In 2004, Wal-Mart contributed $570 a year per U. S. employee for profit sharing and 401(k) plans for the United States. [Chambers, Wal-Mart Internal Memo, 2005, www.walmartfacts.com]
* To boost its profits by 1 percent, Wal-Mart is seeking to reduce its contributions to the profit sharing and 401(k) plans from 4 percent of wages to 3 percent of wages. As opposed to reducing the benefit to the 1.2 million hourly workers, Wal-Mart should reduce the number of stock options that it grants to management. In 2004, this expense amounted to 2 percent of net profit. [Susan Chambers, Wal-Mart Internal Memo, 2005, Wal-Mart Proxy Statements 2004-5]
Wal-Mart shifts retirement costs onto communities
* When employees retire without adequate savings and benefits, they are less able to pay for health care, housing, and food. Communities and taxpayers ultimately bear the cost.
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Wal-Mart Anti-Union Policy
Wal-Mart closes down stores and departments that unionize
* Wal-Mart closed its store in Jonquierre, Quebec in April 2005 after its employees received union certification. The store became the first unionized Wal-Mart in North America when 51 percent of the employees at the store signed union cards. [Washington Post, 4/14/05]
* In December 2005, the Quebec Labour Board ordered Wal-Mart to compensate former employees of its store in Jonquiere Quebec. The Board ruled that Wal-Mart had improperly closed the store in April 2005 in reprisal against unionized workers. [Personnel Today, 12/19/05]
* In 2000, when a small meatcutting department successfully organized a union at a Wal-Mart store in Texas, Wal-Mart responded a week later by announcing the phase-out of its in-store meatcutting company-wide. [Pan Demetrakakes, "Is Wal-Mart Wrapped in Union Phobia?" Food & Packaging 76 (August 1, 2003).]
Wal-Mart has issued "A Manager's Toolbox to Remaining Union Free,"
* This toolbox provides managers with lists of warning signs that workers might be organizing, including "frequent meetings at associates' homes" and "associates who are never seen together start talking or associating with each other." The "Toolbox" gives managers a hotline to call so that company specialists can respond rapidly and head off any attempt by employees to organize. [Wal-Mart, A Manager’s Toolbox to Remaining Union Free at 20-21]
Wal-Mart is committed to an anti-union policy
* In the last few years, well over 100 unfair labor practice charges have been filed against Wal-Mart throughout the country, with 43 charges filed in 2002 alone.
* Since 1995, the U.S. government has been forced to issue at least 60 complaints against Wal-Mart at the National Labor Relations Board. [International Confederation of Free Trade Unions (ICFTU), Internationally Recognised Core Labour Standards in the United States: Report for the WTO General Council Review of the Trade Policies of the United States (Geneva, January 14-16, 2004)]
* Wal-Mart’s labor law violations range from illegally firing workers who attempt to organize a union to unlawful surveillance, threats, and intimidation of employees who dare to speak out. [“Everyday Low Wages: The Hidden Price We All Pay for Wal-Mart," A Report by the Democratic Staff of the Committee on Education and the Workforce, 2/16/04]
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Wal-Mart & Gender Discrimination
Download the Wal-Mart and Gender Discrimination fact sheet - PDF
Wal-Mart discriminates against women
* In 2001, six women sued Wal-Mart in California claiming the company discriminated against women by systematically denying them promotions and paying them less than men. The lawsuit, Dukes v. Wal-Mart, has expanded to include more than 1.6 million current and former female employees, and was certified on June 21 2004 as the largest class action lawsuit ever. [Mondaq Business Briefing, November 1, 2004]
* In 2001, while more than two-thirds of Wal-Mart's hourly workers were female, women held only one-third of managerial positions and made up less than 15 percent of store managers. This is all despite women having had on average longer seniority and higher merit ratings than their male counterparts. [Neil Buckley and Caroline Daniel, “Wal-Mart vs. the Workers: Labour Grievances Are Stacking Up Against the World’s Biggest Company,"” Financial Times 11, 11/20/03]
* In 2001, women managers on average earned $14,500 less than their male counterparts. Female hourly workers earned on average $1,100 less than male counterparts. [Drogin 2003]
* In 2001, for the same job classification, women earned from 5 percent to 15 percent less than men, even after taking into account factors such as seniority and performance. [Drogin 2003]
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Wal-Mart & Child Labor
Download the Wal-Mart and Child Labor fact sheet - PDF
Wal-Mart violates Child Labor Laws
* An internal Wal-Mart audit found "extensive violations of child-labor laws and state regulations requiring time for breaks and meals.” [New York Times, 1/13/04]
* One week of time records from 25,000 employees in July 2000 found 1,371 instances of minors working too late, during school hours, or for too many hours in a day. There were 60,767 missed breaks and 15,705 lost meal times. [New York Times, 1/13/04]
* Wal-Mart agreed to pay $135,540 to settle child labor violation charges in January 2005 for allegedly breaking child labor laws in 24 incidents. [Wall Street Journal, 2/12/05]
* Connecticut Governor M. Jodi Rell announced that the state found 11 violations in three Wal-Mart stores in the state and that 337 minors worked at the company's 32 Connecticut stores from 2003 to 2005. The probe came after the Labor Department in February said the retailer had similar violations nationwide. [Bloomberg News, 6/22/05]
* Wal-Mart has also been fined $205,650 for 1,436 violations of child labor laws in Maine for the period 1995 to 1998. The settlement represents the largest number of citations as well as the largest fine ever issued by the Maine Department of Labor for child labor violations. [Bureau of Business Practice News]
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Wal-Mart & Undocumented Immigrants
* In 2003, federal authorities arrested 250 undocumented immigrants who were employed by janitor contracting services and hired by Wal-Mart in 21 states. Many of the janitors - from Mexico, Russia, Mongolia, Poland and a host of other nations - worked seven days or nights a week without overtime pay or injury compensation. Those who worked nights were often locked in the store until the morning. [Wall Street Journal, 11/5/05, CNN Money, “Wal-Mart pays $11m over illegal labor”, 2005]
* In March 2005, Wal-Mart agreed to pay $11 million to settle federal allegations it used undocumented immigrants to clean its stores. This was the largest immigration related fine ever levied. [CNN Money, “Wal-Mart pays $11m over illegal labor”, 2005 and Wall Street Journal, 11/5/05]
* In October 2005, Wal-Mart shut down work on seven stores under construction in North Dakota to check for undocumented workers after two illegal immigrants working on Wal-Mart projects in Bismarck were charged with molesting two 13-year-old girls. [Associated Press, 11/18/05]
* Federal immigration officers, in November 2005, arrested 125 illegal workers in a raid at a Wal-Mart distribution center under construction north of Philadelphia. The workers from Costa Rica, El Salvador, Guatemala, Honduras and Mexico were detained Thursday at the site. [Associated Press, 11/18/05]
I don't know ~ that's why I asked.
I haven't had a chance to watch it yet. Maybe tonight,
I asked DH what he was seeing with his
eyes closed, because when I close my eyes while my lamp is on I see dark taupe. He said he was seeing PINK! So his eyelids don't work right.
Okay, you asked! Trying this again.....sm
This is about as messy as I get!
Okay you asked for it
This is my very messy desk (ah - room). I am so busy with running a business and also transcribing that I hardly ever have time to clean my desk. What a mess! If you look closely on the floor just to the right of my chair, you can probably see two pink Good and Plenty candies that I forgot to pick up. Hee hee.
See, that is why I asked. The only
bits of news here about her is in a "ticker tape" running at the bottom of the screen. Had no idea anything had been found on a road. The thing about the trunk was that I have seen so many younger women and girls doing that here. It drives me crazy because they are exposed and more vulnerable than if they had just gotten into their cars. I pretty much don't even carry a purse anymore, just whatever I need that can fit into my pockets. Some of the nurses getting to work were locking their purses in the trunks, too, instead of just using a locker inside. It also made me wonder if she were doing that if someone could have ridden all the way home with her, or could have been waiting outside her door somewhere. Too much CSI here or mystery books! Thanks everybody for updating me. I hope she will be alright.
What we all should have asked for...
I'd put her at closer to 250-275, because she's a big girl all over.
On the other hand, if Kirstie Alley can claim a high of 203 (I still giggle when I remember that) when she started Jenny Craig a few years back, maybe all the rest of us have malfunctioning scales.
That's what we should have asked for this year, ladies...The same model/brand of scales used by Oprah and Kirstie Alley!!!
Happy Holidays!!!
Ok, what you asked for
Ellie Lawrence, 5 year old died uncle owned the pit, g'mother also injured in accident- Tanner Monk, Texas died, child, owner killed by his own dogs, Lorinze Redding, 42, SF family dog killed Nicholas Faibish. You need more??? Too many to count, really, happens all the time.
I did not say you asked him to, and I did not...
say it did not work for you. I said twice that it may work some other way, but there are so many women on this board complaining and complaining about men, when perhaps they should be looking at some of the things they do. If you are happy, that is great.
asked for day off also. nm
joining friends - we're all going to watch it together with pot luck
He could have asked you to buy them because (sm)
he did something risky so now he is using them with you to keep you from catching anything he may have possibly gotten. So counting them and making sure he only uses them with you probably won't yeild any results. I would suspect the letter came from a secretary at his office who thinks or knows he is cheating and wanted to alert you. I told a wife once when I worked in an office with many men and I knew one of them was cheating. He expected us to cover for him and say he was here or there when she called and he was really out with his girlfriend. I told his wife one night when she called that the job he told her he was on did not exist. Ask a secretary who works there.
I KNOW!! I asked my son if that was me
always working...
have you ever asked???
Have you ever asked him why he cheated? I mean sit down and just flat out just ask him "Why... and no BS this time"... blah blah work... blah blah dont feel loved... believe me you could probably smeel the bs. If he cheated it is not your fault. Tons of people are married, even hate each other, and still DONT cheat!!! That is just something you don't do. No one can tell you if he is the right one or if he will cheat again.... it is dangerous out there... like STDs and such. Can you take that risk? You need to go somewhere by yourself or take a nice bath and just talk to yourself... literally if you have to.
He is so bad the other day he asked our - sm
9-y/o how old she was, totally unbelieveable. Their birthday's he remembers best, and I think mine is finally drilled into his head, but his parents and brother forget it.
credit card debt
Not sure what will happen, but I do wish you luck. Credit card debt is an unsecured type of debt. I don't know what more they can do to you other than a judgement. Not sure you can put that under a bankruptcy either once the judgement has been placed. I know a lawyer that handles a lot of bankruptcies -- did some work for him. He always asked his clients if late payments had gone to judgements. If they had not gone that far he was pleased about it. I guess it made things easier legally. Not really sure.
Your credit is ruined because you didnt do anything about it
x
Homeless has nothing to do with poor credit.
nm
You let credit get bad before house sale.
s
How my daughter got her credit started
I years ago put my son on my credit card and paid it well and then he automatically had great credit. My daughter got credit with a small amount at a store here in town that would give credit easily. I told her to do this, pay the payments as she should and even a little more and there it was, good credit for her. She now has ecxellent credit and has loads of past and present accts she has been responsible for.
I use my credit card!!!! Priceless!
Actually it was an expired one. Hubby laughed. I use Dawn Power Disolver in the blue bottle. Works wonders. Then IF I have to scrape I have used the credit card of course, but fine metal spatula or a razor, but I use one of those like you scrape paint with that has the handle like an ice scraper.
But doesn't it ruin your credit?
I would like to just consolidate mine into one large payment. I am not having problems paying the minimums now but it's gotten to a pretty high amount combined and I fear I'll be paying forever.
However, I have heard doing this ruins your credit.
Is that the case?
TIA
Free credit reports
A lot of people don't know this, but you can get FREE annual printed copies of your credit reports online in seconds from the 3 major credit companies.
There are a lot of online companies out there saying you can only get this information if you pay for it and try to get you to sign up for some type of credit services. Not true.
''This central site allows you to request a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion''.
www.annualcreditreport.com
is the official site to help consumers to obtain their free credit report.
Hope this helps others : )
I can't take credit...someone else posted it a few days ago.
I just did a search here for "monitor sideways". It must be 5yo screw up monitor season! LOL
if it does show up on your credit report sm
You could try to get it removed. Tell the credit agency to remove it because you don't owe the money, that you sent a certified letter within 7 days to cancel this and that legally you don't owe it. Check out the state attorney general's office. If it were me, I would not pay it. If it does end up on your credit report, i don't know if paying it will get it removed.
Credit counseling - some bewares
The ones I talked to when going through a divorce were actually quite high for their fees except for the Christian one and then there were some that they did not work with or would not work with them. That is always a possibility. Also beware when talking directly with the cards or accounts of if any service offers you a "buy out" where you pay so much on the dollar - seems quite cheap -- but when you do at the end of the year they will send you a 1099 showing what amount you did not pay and you have to declare that as "income" on your income tax and thus you will simply pay the government what you did not pay your creditors. Again, talk with the creditors, pick out a plan and stick with it and it might take two to three years but you will be out of debt and you did it. Again, don't promise something you cannot keep. Also remember that there is a 5 to 7 year time line after which they cannot pursue collection of the debt but it is from your last payment and so if you ever think about doing that -- just not paying -- do not ever make a payment as then the 5 to 7 years starts all over again -- heard that on Suzie Orman show. Again, if in clear conscious you want to work with the creditors, they will work with you but you will probably not have credit for a while. You have nothing to lose to talk with them. Good luck. I am sure 90% of us have been there at some time in our life.
If you are just talking about credit cards sm
If you call your credit card companies, they can set you up with a plan to help. I was in the same boat. Low to no wages and a very large hospital bill, plus household expenses.
I have 5 credit cards. Up until the hospitalization, I paid on time or paid more than the minimum, as I used to use them for work-related items.
Sadly, all were maxed out during the hospitalization and subsequent rehabilitation. Of course in the meantime, during the time I couldn't contact them, my interest rates went from 9% to 21-29%. I didn't know about their programs...a well kept secret. 
I'm still hurting, but now my credit rating isn't being dinged and 1 card is back down to 12%.
BUT, you must agree to pay the amount they set for you faithfully every month. If not, you lose the advantage. When you have a little extra, put it on the bill, even if it's only $1. I have the payments automatically deducted from my checking account. That way, I KNOW they're being made on time as I sometimes don't know one day from the next (if you know what I mean) and if I have extra at the end of the month, I hand write a check to one of them (preferably the highest amount of debt).
Don't need credit counseling. Just work with the companies themselves. It's a pain to make all the calls, but it's worth it. Good luck.
F.R.E.E. credit report.com baby. LOL.
That guy rapping with his little rice burner is HILARIOUS.. I find myself singing that song in the car.
Hopefully they will improve my credit rating
After working for 8 cent cpl from 1980 through 2006, they won't be getting much, except maybe a "nice" purse bought at Target.
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