AboutOntrack Financial Group LLC Expertise With the credit market on a brink of collapse, the future of having good credit will be paramount. Loans will be near impossible to obtain with strict lending practices around the corner. Debt collectors and Law offices will use even stronger tactics to recover more of your hard earned money. Protecting you and your credit has to be a top priority.
In 2000 Ontrack Financial Group llc founded the credit arbitration movement. More and more companies entered into the arena and new business models joined old ones. Only one company has the attitute and aptitude to truly assist our clients. Ontrack Financial Group llc is that company!
With our proven credit arbitration solution, you can become Charged Off Debt free within three years or less. Our clients have eliminated their Charged Off Debts with our service and avoided communication with collection agencies and law offices in the process.
Since the inception of Ontrack Financial Group™, we have continued assisting our nation-wide clientele with their burdensome unsecured debt and has enrolled thousands clients in its programs, managing millions of debt for its clients without one complaint.
Ontrack Financial Group™ is a for-profit, private company and is not affiliated with the credit bureaus or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer.
Experience Please read about us at Https://www.OntrackFinancialGroup.com/Q&A.html
Question I had a bankruptcy back in 99 and our lawyer at the time told us that if we had to walk away from our home that we could. Things got pretty bad and my husband and I split for a while. The house went into foreclosure. We did get back together and we bought a new house. We make all our payments on time. We have one collection on our report and of course there is the foreclosure of our old home. Now our credit is really messed up because of the foreclosure it seems. We want to refinance our house but the foreclosure seems to be a problem. Experian the reporting agency is still reporting the foreclosure while the other reporting agencies are not. My question has come about because our mortgage broker asked me if the home we foreclosed on had been reaffirmed in the bankruptcy. And my answer is no. And my bankruptcy paperwork also reflects that. So, does this have any weight on our credit report? Does this make the foreclosure less destructive to our credit? And should the credit reporting agency reporting it be stating that it was included in the bankruptcy?
Answer Sherry,
Yes this has weight. A Bankruptcy will stay on your credit report for 10 years. When you applied for the refi, the mortgage company ran all 3 credit reports. They do this because they get a better snap shot of your credit. Did you and your husband walk away from your house? If so it will have a negative impact.
