| Subject | Date Asked | Expert |
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| Repo and bankruptcy. | 6/29/2009 | David |
Q: Well, like the millions of other Americans we are feeling the economic decline in our household. My ...
A: Rebecca- My advice is as a credit repair specialist-not an attorney. It would be wise to consult ...
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| To file bankruptcy or not to file. | 6/26/2009 | Ontrack Financial Group llc |
Q: I have 22,000 in debt on credit cards. Should I file bankruptcy? I already am on the hardship ...
A: Allison, Thank you for your question. While it looks like your leaning towards bankruptcy, read ...
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| car reposession | 6/25/2009 | Ontrack Financial Group llc |
Q: I am desperately trying to get out from underneath my leased vehicle. I cannot file bankruptcy ...
A: Please visit http://www.leasetrader.com/. They may be able to assist you. Lenders more than ever ...
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| Denied Credit | 6/24/2009 | Ontrack Financial Group llc |
Q: I recently applied for a Capital One card and got denied when I have a excellent credit score. My ...
A: You're correct on many fronts as there is assistance for struggling consumers, while banks have ...
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| Erroneous debt charge | 6/20/2009 | David |
Q: About three years ago I had a cell phone with a well-known phone company. After a few months I ...
A: Brenda, No easy way out here. Paying the debt will stop them bugging you but won't help your ...
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| Credit Card Debt | 6/18/2009 | Ontrack Financial Group llc |
Q: We have been receiving harrassing phone calls from a creditor. They have also contacted my 80 ...
A: The debt collector broke the law by contacting your in-law for other than location information. ...
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| Auto Repo | 6/17/2009 | Ontrack Financial Group llc |
Q: My wife and I just got through chapter 7 bankruptcy after the company I worked for for 20 yrs. ...
A: We're sorry you had to leave WNY. Even if they repo the car, chances are slim they will file a ...
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| Foreclosure Question | 6/15/2009 | Ontrack Financial Group llc |
Q: In March, we applied for a loan modification with our lender. Not only did we fax in the information ...
A: You like so many other consumers are having a difficult time modifying their home loans. On one ...
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| credit cards / bankruptcy | 6/12/2009 | David |
Q: I am wondering if my credit union, where I have an open credit card with a zero balance, will be ...
A: You are required to list them as a creditor, and they'll close your account. If you don't you ...
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| Should I file for bankruptcy after recieving a summons? | 6/12/2009 | Ontrack Financial Group llc |
Q: I am a SAHM of 4, husband is in the military. I just received a summons to court from a medical bill ...
A: Even if they file, what are they going to get? Nothing! Your a single At home mom, doing her best ...
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| Medical Debt | 6/11/2009 | David |
Q: Im 7 months pregnant and have medical debt that i obtained while in college. I was under my parents ...
A: The order will go something like this. Annoying collection calls...tell them to stop calling you at ...
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| bk vs. foreclosure | 6/10/2009 | David |
Q: I have a mortgage on two homes in a small town and have recently moved away to a more economically ...
A: It sounds like you really need to talk to a local BK attorney. The foreclosure will still leave you ...
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| Bankruptcy vs credit score | 6/9/2009 | David |
Q: Two years ago I filed a bankruptcy a year later I bought a new car and last year I bought a house, ...
A: Kerry, The best way to make a quick impact is to have negative items removed from your report. You ...
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| Chapter 7 effects on Cosigner | 6/9/2009 | Ontrack Financial Group llc |
Q: I currently have about $45k in debt. A family member had cosigned on a secured loan for me and there ...
A: The chapter 7 filing will affect your family member. Try to get your family member to refinance the ...
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| capital one payment plans | 6/9/2009 | David |
Q: one bill at a time. I know that this might not be a big deal to anyone but it is to me. Capital One ...
A: I would like to give some advice here on improving your situation, but there is a lot of info ...
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| Old parking violations in collections | 6/8/2009 | David |
Q: This is over 10 years ago. My mother had a car that her oldest son borrowed every now and then. He ...
A: James Huff, There are statutes on collections of various types of debt. A few minutes googling and ...
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| Foreclosure and bankruptcy | 6/7/2009 | Ontrack Financial Group llc |
Q: House went thru foreclosure and debt discharged in bankruptcy. HOA was listed as creditor also. ...
A: John, Thank You for your question. Supply the HOA and the collection agency the discharged ...
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| Creditor's Point of View | 6/4/2009 | David |
Q: I'm doing some research on the operations of applying for loans and lines of credit and I hope you ...
A: Jeff- This is a multi faceted question. So I'll try to give you the most concise answer possible. ...
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| CHAPTER 7 | 6/2/2009 | David |
Q: I have filed a chapter 13 and have been it for almost 2 years. Thinking about going with a chapter ...
A: Kiley, If you are filing a Chapter 7 all finance companies and creditors should be listed. It is ...
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| Question | 6/2/2009 | Ontrack Financial Group llc |
Q: What does it mean when I receive a letter stating "Order Vacating Automatic Stay"?
A: Automatic Stay: An injunction automatically issued by the bankruptcy court when a debtor files for ...
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| Over my head! | 5/31/2009 | David |
Q: I'm not sure why you didn't respond to my last question!!! I need help! I made the decision not to ...
A: You have a lot of questions here...hopefully this covers most of them. Creditors can only take from ...
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| Bankruptcy and back child support | 5/27/2009 | Ontrack Financial Group llc |
Q: My ex husband filed for Chapter 13 bankruptcy in Louisiana in February 2009. He owes me almost ...
A: Under Chapter 13, the Bankruptcy Code considers the debtor's earnings as property of the estate, ...
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| credit card apr increase | 5/25/2009 | David |
Q: I have 3 credit cards, Discover (6k) @15%, Chase Visa (9k)@15.65, Chase MC (8k)@10.24%. If that's ...
A: 15 % of your score is based on length of credit history. 30% of you score is based on utilization ...
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| Garnishment | 5/24/2009 | David |
Q: My husband had a stroke in April 2006 and accumulated a $12000 hospital bill as we had just moved to ...
A: Lena, the first step you should take is to talk to a local Bankruptcy attorney and find out if you ...
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| how to raise my credit score | 5/21/2009 | David |
Q: I have a low credit score. I filed ch7 bankruptcy in 2002. I have several paid collection ...
A: Sharon, You can drastically increase your scores by taking a few easy steps. You have two ...
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| lawsuit/court judgement | 5/21/2009 | David |
Q: If i file bankruptcy, will the judgement be taken off of my credit reports? This is a joint ...
A: Depends on what the judgement is from. Taxes, student loans, child support, and municipal ...
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| Car Finance Company (Ford Fairlane Credit) | 5/10/2009 | Michael Brotherton |
Q: My husband purchased a truck before we purchased our home. The year we moved into our home, we let ...
A: First with regard to the foreclosure it is not too late to fix the problem. 99% of mortgage ...
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| Getting 36K | 5/9/2009 | David |
Q: David. My husband and I are drowning in consumer debt. Between the two of us, we have ten credit ...
A: Your score can increase as much as 30% by paying the revolving debt down to 5% of the limits. If ...
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| Poor? | 5/6/2009 | Michael Brotherton |
Q: If you live on welfare and medicaid,does that mean that you are poor but you don't live under poor ...
A: Being poor is a state of mind. Many have very little but a rich in spirit. I'm not trying to be ...
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| over 100K in debt can credit ors levy my job's acct b/c I'm an auth. signer? | 5/5/2009 | Ontrack Financial Group llc |
Q: I received a pay cut back in 2006 (in order to keep my job) and my husband was laid off in 11/2007. ...
A: Generally this type of account can't be levied by a personal creditor. However devious debt ...
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| Creditor Bank Levy | 5/5/2009 | Michael Brotherton |
Q: A creditor (Paul Harris) had a levied placed on my account for debt from 1998. I tried to reach out ...
A: Do they have a judgment? Also, why would you have a hearing in Indianapolis if you live in Chicago? ...
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| Bankruptcy and the SOL | 5/5/2009 | Ontrack Financial Group llc |
Q: My husband and I filed Chap 13 BK in Nov 2004. It was dismissed in Sept 2006. We never refiled ...
A: Credit card debts are written contracts. Remember signing the receipt when you purchased an item ...
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| Poor? | 5/5/2009 | Michael Brotherton |
Q: If you live on welfare and medicaid,does that mean that you are poor but you don't live under poor ...
A: Being broke and being poor are two completely different things. Being poor is a state of mind or an ...
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| Collection Agency scam | 5/5/2009 | Michael Brotherton |
Q: I think this is a scam: I got a call from a collection agency(Portfolio Recovery Associates). They ...
A: First, if it has been that long you have went well beyond the statute of limitations. You no longer ...
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| Bankruptcy and the SOL | 5/4/2009 | Ontrack Financial Group llc |
Q: My husband and I filed Chap 13 BK in Nov 2004. It was dismissed in Sept 2006. We never refiled ...
A: AZ Sol is 6 years ARS Ann. 12-548. Yes it includes the time the debt was in BK, it will expire Nov ...
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| multiple credit cards | 5/2/2009 | David |
Q: I operate a small business and used my credit cards to support my business, but it is now beyond ...
A: Don't pay off the cards before your BK. Especially for chapter 7. It won't help your score at all, ...
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| Dealing with CC | 5/1/2009 | Ontrack Financial Group llc |
Q: Michael, Long story short, we have $60,000 in credit card debt. Many things made this perfect storm, ...
A: We should speak about this over the phone. There are a lot of factors we need to take a look at ...
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| Bankruptcy dismissal | 4/30/2009 | Ontrack Financial Group llc |
Q: chapter 7. It has been in limbo for awhile. My attorney is no longer representing me. I want to ...
A: Request from your attorney all information about your case. Search for information the attorney sent ...
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| credit cards | 4/30/2009 | David |
Q: I have 2 credit cards , one with a 5,000 limit and one with a 15,000 limit. I always paid on time ...
A: Sam, Just keep in mind this while deciding. 30% of your score is based on how much you owe on ...
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| Financial planning,bankruptcy and foreclosure | 4/25/2009 | David |
Q: Like many in this economy my wife lost her job and since then a spiraling set of events starting ...
A: Orv, I wish I could give you some profound advice but when you find yourself in a cash flow ...
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