| Subject | Date Asked |
|
| charge offs by a bankrupt bank | 11/11/2009 |
Q: if a bank does a charge off on a credit card than the bankreceives tarp moneyand later files for ...
A: The TARP, bankruptcy, and selling of the debt has zero impact on the contract. The established ...
|
| credit cards | 11/6/2009 |
Q: I have had a credit card for many years. I worked hard to reduce the APR rate to somehwere around ...
A: Welcome to the world of deceptive credit card practices. Yes the credit card company can (for a ...
|
| Current Car Loan | 11/4/2009 |
Q: I have a car loan that is current, I pay it every month. I have a 10 day grace period to pay it if ...
A: Yes, the company is allowed to contact you if the payment is a day past due. They can not however ...
|
| credit overlapping | 11/3/2009 |
Q: i am 19 Ayers old i have no credit cards and no car loan. the reason is because my mothers bad ...
A: Please follow this link below to answer your question. The information will provide you with the ...
|
| Credit Scores | 10/14/2009 |
Q: I have a judgement that will be wipe out/deleted from my credit report in April of next year. I ...
A: While we understand your question, we feel your getting ahead of yourself at this time. The ...
|
| Credit card debt | 9/30/2009 |
Q: I am living, I have a 7 credit cards the highest 10750 the lowest 3250 I have difficulty to make the ...
A: Sergio, A statute specifying the period of time within which legal action must be brought for ...
|
| Creditor is still calling after bankruptcy | 8/27/2009 |
Q: On January 6th 2004 I filed for bankruptcy (in California). On January 20th 2004 one of the ...
A: Today federal bankruptcy laws provide a private cause of action for an individual injured by any ...
|
| joint bankruptcy | 8/25/2009 |
Q: My mom & I include just about everything in both our names, joint bank accounts, car loans, ...
A: Your mother just created a fire storm to deal with. Since she filed bankruptcy, you're now ...
|
| credit card settalment and car loans | 8/19/2009 |
Q: i have recently sign on with a nation wide dept services, dept elimination program. credit score ...
A: You will achieve outstanding credit 7 years after you pay off your debts. Ontrack Financial Group ...
|
| Liens and forclosers | 8/18/2009 |
Q: In the state of il. i have a 95k mortgage with a tax assesment of 140k, and about 45k in equity, ...
A: We're glad to assist you. Debt collectors are aggressive, however there are laws on the books ...
|
| Liens and forclosers | 8/18/2009 |
Q: In the state of il. i have a 95k mortgage with a tax assesment of 140k, and about 45k in equity, ...
A: The creditors will continue to offer settlements payment arrangements ect. If you would like, ...
|
| Liens and forclosers | 8/17/2009 |
Q: In the state of il. i have a 95k mortgage with a tax assesment of 140k, and about 45k in equity, ...
A: Very few consumers lose their homes because of delinquent credit card debt. In fact, I would say ...
|
| To file bankruptcy or not to file. | 6/26/2009 |
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 ...
|
| car reposession | 6/25/2009 |
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 ...
|
| Denied Credit | 6/24/2009 |
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 ...
|
| Credit Card Debt | 6/18/2009 |
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. ...
|
| Auto Repo | 6/17/2009 |
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 ...
|
| Foreclosure Question | 6/15/2009 |
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 ...
|
| Should I file for bankruptcy after recieving a summons? | 6/12/2009 |
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 ...
|
| Chapter 7 effects on Cosigner | 6/9/2009 |
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 ...
|
| Foreclosure and bankruptcy | 6/7/2009 |
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 ...
|
| Question | 6/2/2009 |
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 ...
|
| Bankruptcy and back child support | 5/27/2009 |
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, ...
|
| over 100K in debt can credit ors levy my job's acct b/c I'm an auth. signer? | 5/5/2009 |
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 ...
|
| Bankruptcy and the SOL | 5/5/2009 |
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 ...
|
| Bankruptcy and the SOL | 5/4/2009 |
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 ...
|
| Dealing with CC | 5/1/2009 |
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 ...
|
| Bankruptcy dismissal | 4/30/2009 |
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 ...
|
| Bankruptcy | 4/21/2009 |
Q: My husband and I divorced a little over a month ago. During the divorce I have continued to pay the ...
A: As long as your ex is on both loans, it may affect the status of the home and the vehicle. A quick ...
|
| Funancing-secured credit card promotional sales | 3/17/2009 |
Q: 3 years ago I purchased a wave runner through the GE Funancing program. 7 Months ago my wife was ...
A: Dan, Thank you for your question. We're sorry, we don't have positive news to give you. At ...
|
| Judgement Threat | 2/5/2009 |
Q: I have an outstanding debt with a credit card company that they are threatening to file a judgement ...
A: Good job on paying down 60k. Your dealing with a debt collector that has reviewed your credit ...
|
| keep the rv | 2/2/2009 |
Q: We have been trying to hold on for some time now. we have come to the conclusion that we can no ...
A: It's an unfortunate situation your in. You are allowed certain exemptions, these vary by state, if ...
|
| voluntary repo | 1/26/2009 |
Q: My husband is being laid off permantly and I am looking for work due to this, as I have been a stay ...
A: We're sorry to hear about the situation you're facing. If you need assistance we're here for you. ...
|
| Bankruptcy | 1/22/2009 |
Q: I worked for my sisters company and paid venders with my personal credit cards to keep them ahead. ...
A: When it comes to a bankruptcy, vendors are typically listed as unsecured creditors. In this case ...
|
| Pay for delete | 1/16/2009 |
Q: my original question was: I've read several PFD sample letters, however, I haven't come across any ...
A: However, we don't understand your question. Perhaps it should be phrased a different way. Give ...
|
| car in bankrupcty | 1/8/2009 |
Q: My mom is the main holder of my car loan and my husband is the co-signer we are going through a ...
A: You're correct by returning the car it will have a major impact on your mothers credit. If you ...
|
| Being sued inTexas for credit card debt, collections law, SOL | 1/7/2009 |
Q: We live in the state of Texas. My wife was just serviced on 1-6-09 by Midland Funding LLC what ...
A: In Texas a person (or company) must bring suit on the following actions not later than 4 years after ...
|
| bankruptcy | 1/6/2009 |
Q: we have co-signed on a mortgage for my daughter and she is thinking of chapter 7 br. How will that ...
A: The mortgage company can attach a lien on your current residence (retirement is protected). ...
|
| Credit Cards? | 1/1/2009 |
Q: There have been a lot of radio ads for companies selling ID theft programs. My question is why ...
A: ID Theft Programs are no more then multiple credit alerts placed on credit bureaus in conjunction ...
|
| bankruptcy | 12/30/2008 |
Q: we have co-signed on a mortgage for my daughter and she is thinking of chapter 7 br. How will that ...
A: The cosigner will assume responsibility for the mortgage. We can provide a solution. Please ...
|
| credit card debt etc | 12/28/2008 |
Q: I lost my job a month ago, and I am falling behind and have been using my savings to stay afloat. I ...
A: While you may feel defeated your not alone. Any debt management consumer credit, or debt debt ...
|
| credit card debt | 12/2/2008 |
Q: i owe over 20,000 in credit card debt that is steadily growing due to late fees,high interest ...
A: The collection industry is changing. Creditors are looking towards their bad debt portfolio as a ...
|
| Garnishments and Collections | 11/19/2008 |
Q: In late 2006 I lost my job and was unemployed for 3 mos before obtaining new employment. In that ...
A: We understand how hard it can be to under this much stress. We can provide some help during this ...
|
| LOANS AFTER CHAPTER 13 | 11/18/2008 |
Q: My husband and I just finished chapter 13 bankruptcy in October, 2008. My husband has the idea that ...
A: He has already affected your credit in 2 ways. By requesting a loan, he has placed an inquiry on ...
|
| back child support and bankruptcy | 11/18/2008 |
Q: can back child support that is owed to the state of w.v. be dismissed thru filing bankruptcy. the ...
A: According to my findings The following debts cannot be discharged in either Chapter 7 or Chapter 13 ...
|
| Credit Score/Loans | 11/17/2008 |
Q: I am 32 years old and have a large amount of savings in the bank. I am getting married in May. Most ...
A: A 733 score is AWESOME! Stay with the Visa you have. If you apply for another one, the inquiry ...
|
| House is paid-off, drowning in CC debt! | 11/14/2008 |
Q: We set up our original home loan on 15 years and have just paid it off; however, we have about ...
A: Sharon, The suggestion (refinancing) will help in a few ways. 1. Can write off the mortgage ...
|
| repo after bankrupty | 11/14/2008 |
Q: my wife and i filed chapter 7 on the old bankrupty law in july of 2005 we had two car loans with ...
A: Robert, Since the truck was returned and discharged under the bankruptcy the bank can not request ...
|
| Blue Hippo Negative Credit Report | 11/13/2008 |
Q: A couple of years ago I ordered a Computer from Blue Hippo Company and opted to make weekly payments ...
A: Below you will find some information I was able to locate about this company. First is a list of ...
|
| repo after bankrupty | 11/12/2008 |
Q: my wife and i filed chapter 7 on the old bankrupty law in july of 2005 we had two car loans with ...
A: In order to answer I need a little more information. Robert, was the truck returned as part of ...
|
| Small Claim Judgement | 11/12/2008 |
Q: I was granted my judgement. The defendant agreed and signed paper work to pay monies owed to me in 4 ...
A: Tony, Thank you for your question. The bankruptcy payment does affect the payment to you. The ...
|
| Refinance after divorce and bankruptcy | 11/12/2008 |
Q: Divorce in 2003, full bankruptcy one month later in 2004. Trying to refinance with current lendor ...
A: There is case authority in virutally all of the federal circuit courts that have dealt with this ...
|
| Refinance after divorce and bankruptcy | 11/12/2008 |
Q: Divorce in 2003, full bankruptcy one month later in 2004. Trying to refinance with current lendor ...
A: Kevin, Thank you for your question. The accounts that are on your credit bureau should be ...
|
| Filing for Bankruptcy | 11/11/2008 |
Q: I previously had about 40,000 as a result of illness, unemployment, and overspending. Foolishly, I ...
A: You may not have to file bankruptcy. If you do decide to file Chapter 7, the meeting of the ...
|
| Keep our RV home? | 11/10/2008 |
Q: We owe $80,000 on 5 credit cards and are making a minimum monthly payment of $2,200.00,payments on 1 ...
A: James, The ones you don't pay will cancel. However because of the current economic times we're ...
|
| House is paid-off, drowning in CC debt! | 11/10/2008 |
Q: We set up our original home loan on 15 years and have just paid it off; however, we have about ...
A: Sharon, Thank you for your question. Your paying about 1750 a month on the credit cards, and the ...
|
| Keep our RV home? | 11/9/2008 |
Q: We owe $80,000 on 5 credit cards and are making a minimum monthly payment of $2,200.00,payments on 1 ...
A: Feel free to ask as many questions as you need. If you decide to "Keep some and have the rest ...
|
| Creditors and Bankruptcy Q`s | 11/9/2008 |
Q: .. ok a little about the situation..... i started off with no credit and to help me out my sister ...
A: First make sure your listed as a authorized user vs. a comaker. If your an authorized user you will ...
|
| Reposession of truck | 11/6/2008 |
Q: My husband and I are retired living only on Social Security. We purchased a truck two and a half ...
A: I'm sorry to read about your situation. The debt collector is attempting to collect on a ...
|
| Charge off or Repossion | 11/6/2008 |
Q: Can my car REALLY be repossed with a very small balance remaining (-$2000) or will it be charged ...
A: The account can be charged off when 6 months has passed with no payments. A lender may not grant a ...
|
| how to pay off this | 11/5/2008 |
Q: I have four credit cards that each of them have about $5000.00 balance for few years. I only can pay ...
A: It's a difficult situation your in with the credit card companies. From what we have seen the ...
|
| Default and debt | 11/3/2008 |
Q: I have a student loan that recently went into default. They told me that if I don't pay it off by ...
A: Are you currently employed, or have an income? Are you currently behind on your credit card? What ...
|
| Need Advice - At Wits End | 11/3/2008 |
Q: First, I want to say that I am an intelligent person who unfortunately has run into some really ...
A: We hope your Fiance gets stronger and stronger. The only issue that really matters here is his ...
|
| Keep our RV home? | 11/3/2008 |
Q: We owe $80,000 on 5 credit cards and are making a minimum monthly payment of $2,200.00,payments on 1 ...
A: If you're looking at bankruptcy, you can keep the motorhome in most cases. Debt settlement is ...
|
| Discharged debts - secured - credit reporting | 11/3/2008 |
Q: We have been paying our mortgage on-time since not re-affirming it under our BK7, and the ...
A: Starlett, That information is wrong. The bank will continue to report to the credit bureau. My ...
|
| loan modifications | 10/18/2008 |
Q: I am talking to two companies that want to help me modify my loan because of hardship. I am trying ...
A: Brett, The credit bureau will reflect that you're on a debt management plan, it will affect your ...
|
| rv | 10/16/2008 |
Q: we have a rv that we want to sell .it we bought it new 2 yrs aqgo.it is only worth about 65000, but ...
A: Robert, Your spelling is fine. The market for any type of vehicle will depreciate over time. ...
|
| rv | 10/11/2008 |
Q: we have a rv that we want to sell .it we bought it new 2 yrs aqgo.it is only worth about 65000, but ...
A: Robert, Continue to make payments on the account. Do not use your retirement to make the large ...
|
| loan modifications | 10/10/2008 |
Q: I am talking to two companies that want to help me modify my loan because of hardship. I am trying ...
A: Brett, Be aware of the scams out there. Contact the mortgage company directly they now have ...
|
| Debt while in college | 10/9/2008 |
Q: I am a freshman in college and am 28 years old. I filed for bankruptcy which was discharged in ...
A: Amanda, There is a need to pick up a part time job for this situation, a waitress position will ...
|
| wife filed bankrupcy | 9/26/2008 |
Q: My wife and I have been divorced for about a year now. We had a combined loan with our two vehicles. ...
A: Tony, Tell the bank to take a hike. You're not on the title, and the divorce was finalized prior ...
|
| 18k american express debt I cant pay | 9/19/2008 |
Q: How do I handle my American express acct with a 18k balance. It is with a collection agency now. I ...
A: Aubrey, 1. If you haven't made a payment since April, the account may already be charged off. ...
|
| Owner carry | 9/13/2008 |
Q: What exactlly is owner carry? Is there hope for people with not so good credit to purchase a house?
A: Mona, Owner carry ='s lease to purchase Because of the subprime debocale it's going to be near ...
|
| voluntary repo | 9/7/2008 |
Q: I have challenged credit and was trying to rebuild it. I financed a pre-owned car that stopped ...
A: Valerie, 1. Check with your state statues on the lemon law. 2. Give me a call tomorrow to discuss ...
|
| Credit repair | 9/4/2008 |
Q: Im trying to raise my credit score asap! I was told that there is a way to do that by either being ...
A: Here are some tips. It’s important to note that raising your FICO credit score is a bit like ...
|
| Cosigner bankruptcy | 9/1/2008 |
Q: if my mother was a cosigner on a credit card account and filed for bankruptcy. Is the account ...
A: Jess, your mother is no longer responsible for this debt. However the account holder is. there ...
|
| cooling off period | 8/7/2008 |
Q: I am currently behind on some of my credit cards. I am substantially in credit card debt, 70K +. I ...
A: Elizabeth, You may find Ontrack Financial Group is a great resource to use before thinking about ...
|
| car repo | 7/24/2008 |
Q: I was told from a friend that they had their car repod and they took half there wage untill it was ...
A: Rochelle, It's near impossible to tell you what the payments will be. Once you return the car ...
|
| Repo | 7/24/2008 |
Q: I too am going through something similar. I bought a vehicle and from the day that I got it there ...
A: Sam, Contact your attorney general. Advise them of the situation and request they look into your ...
|
| chapter 7 | 7/23/2008 |
Q: My husband and I filed chapter 7 maybe almost 3 years ago, and we kept my 2005 car, my question is ...
A: Sandy, By reaffirming the car contract, you are now legally liable for this debt. If you later ...
|
| Friendly camper repo? | 7/23/2008 |
Q: We travel on the road for my husbands job and we live in a rv. We currently want a fifth wheel ...
A: Shauna, Congratulations on you little one. Unfortunately the financial world doesn't offer a ...
|
| BK and Child Support | 7/20/2008 |
Q: My ex filed for bankruptcy (chapter 7) in Washington. He has an order to pay child support in ...
A: Tina, Filing for bankruptcy protection does not allow your ex to discharge past due child support ...
|
| car loan and bankruptcy | 7/15/2008 |
Q: I did something really stupid! I bought a car a week after I quit my job but still listed the ...
A: Mike, Bankruptcy is always an option. Is it the right option? Without performing a financial ...
|
| BK | 7/15/2008 |
Q: I am thinking of filing chapter 7 in CA. I am an authorized user on my mother's credit card. I ...
A: Don, The question was understood perfectly well. Have your mother call the credit card company ...
|
| BK and | 7/13/2008 |
Q: I am thinking of filing chapter 7 in CA. I am an authorized user on my mother's credit card. I ...
A: Don, Have your mother contact the credit card company and request they remove you from using the ...
|
| Student Loan | 7/8/2008 |
Q: My husband and I are dealing with harassing constant calls from a collections agency regarding a ...
A: Contact the courts and advise them the agency is violating the automatic stay. please read below ...
|
| re: adding creditor to bankruptcy | 6/25/2008 |
Q: I have not been discharged and need to amend my bankruptcy paper work what do I need to fill out the ...
A: That depends on the laws of the jurisdiction where you filed. In most jurisdictions, if it was a ...
|
| Credit cards for people w/bad credit | 6/19/2008 |
Q: I am trying to get a credit card, but am having a hard time. I have extremely bad credit. Do you ...
A: Antoinette, If you are experiencing a hard time with credit, why are you trying to place yourself ...
|
| voluntary surrendar of truck | 6/19/2008 |
Q: We have a 2003 dodge truck,in great shape.Due to the current economic situation, the monthly ...
A: Jackie, You were lied to. The vol- repo will hold a r8 rating on your credit profile. Once the ...
|
| foreclosure | 5/22/2008 |
Q: I had lended my credit to a friend or I thought he was. I cosigned on a house so he could get it. ...
A: Ismael, Since you cosigned the loan yes the creditor can come after you. We really can't tell you ...
|
| Car Repo | 5/18/2008 |
Q: I just filed a Chapter 7 in the State of Washington. Last week my car was repossession. I thought ...
A: Unfortunately, in many states, you can lose that car. When you file a Chapter 7 bankruptcy, which ...
|
| Finding a Collection Agency | 5/5/2008 |
Q: I would really appreciate help finding a collection agency. I moved around so much that I lost ...
A: Melanie, The number you gave is a subscriber code. This is used to identify the reporting agency. ...
|
| 720 credit score | 5/5/2008 |
Q: I have a 630 credit score and I would LOVE to get to at least 700 by the end of the year. I think ...
A: Carlos, There are many factors Payment History Tips * Pay your bills on time. ...
|
| Voluntary Repo Question | 5/5/2008 |
Q: I currently have a car from a buy here - pay here lot that does not finance through a bank or report ...
A: Britany, If you return the car it will be reported onto your credit history as an R8. This is ...
|
| Stop Collections | 4/22/2008 |
Q: My husband was summoned to court for a past debt. I realized that the debt was past the statute of ...
A: Jean, A cease contact letter will only serve as no more communication. you could find yourself in ...
|
| Sued by credit card in Texas | 4/21/2008 |
Q: My wife and I were served a citation on Saturday for a credit card we stopped paying on about 3 ...
A: Answer the summons, you do not need an attorney. Make the creditor prove you owe the debt in court. ...
|
| Collections & Bankruptcy | 4/16/2008 |
Q: I was reading several questions but none really identities my problems. I was irresponsible by ...
A: Del, Your perception of our industry is wrong. Ontrack Financial Group LLC is not a DSC. We are ...
|
| Deceased wife's collections | 3/4/2008 |
Q: My husband's first wife died in Sept.2006. My husband had paid off bills and bailed her out of many ...
A: Holly, In Washington, husband and wife are a "marital community" and, once married, the earnings ...
|
| Deceased wife's collections | 3/4/2008 |
Q: My husband's first wife died in Sept.2006. My husband had paid off bills and bailed her out of many ...
A: Holly, If your husband was divorced when this bill was formed he is not liable. Companies run ...
|
| Car repossession | 2/19/2008 |
Q: I bought a used car and financed $1500 w/ 29 % interest. I had no choice. My 1st payment was mailed ...
A: Toni, The creditor can take back the car once the account is deliquent. Anything in the care you ...
|
| workers comp causing bankruptcy | 2/18/2008 |
Q: I was injured on the job. torn ligaments in my ankle, torn meniscus<knee>, twisted my back torn ...
A: Chuck, Read the below information on bankruptcy, then decide if that's the right choice for you. ...
|
| summons for old cc debt | 2/16/2008 |
Q: I recently received a summons for an old debt that hasn't been paid on since Nov. 2004. I am in ...
A: Rushell, Your creditor (s) can place a lien on your assets, levy on your bank accounts, garnish ...
|
| Creditor contact post bankruptcy | 2/15/2008 |
Q: In 2001, I filed chapter 7, I'm not proud of it, but it happened. My situation is this: I retained a ...
A: Don, If there is no equity in the house (today's value less costs of sale less payoff balances on ...
|
| Judgement after BK | 2/12/2008 |
Q: I filed BK in 2006. A Providian credit card opened in 1999 was charged off in 2002. When I filed BK ...
A: Chris, Contact the courts that discharged the bankruptcy. Advised them a creditor has sued you ...
|
| Credit Solutions NIGHTMARE | 2/8/2008 |
Q: 3 months ago, I signed up with Credit Solutions who stated that they would help me consolidate my ...
A: Brigette, Far to often we have new clients telling us of their horror stories such as yours. ...
|
| Credit Card Debt Question | 1/6/2008 |
Q: I have racked up 25,000 dollars in debt on 2 credit cards. I stopped making payments due to the fact ...
A: Ken, Not paying your bills have large consequences. We suggest doing everything you can to make ...
|
| credit card judgment | 12/21/2007 |
Q: I had a judgment vacated 2 weeks ago for a credit card debt that I stopped making payment on in ...
A: Tracy, Did someone file a judgment against you? If they did, there is a chance you can get it ...
|
| Credit card debt judgment | 12/1/2007 |
Q: I am being sued by two credit card companies,actually attornies The first one I have been making ...
A: Lorett, A judgement will not drop from your credit report even if you filed bankruptcy. ...
|
| debt elimination | 11/6/2007 |
Q: Are there any long term bad effects in using a debt resolution co? They require you to have your ...
A: Yes, These companies are there to make money. They are not there to protect your interest. If ...
|
| bank levy | 11/2/2007 |
Q: I have two questions.... I had a credit card go into default in 98 (no longer on my credit report) ...
A: It depends, some states have a 10 year statue of limitations. If this is true in your situation ...
|
| Collections and statute of limitations | 10/31/2007 |
Q: I have an old debt that I forgot about. Its been maybe 5 years since it occurred. Its an old bill ...
A: How do you know the debt was sold? The SOL begins the moment the last payment was received. Debt ...
|
| credit clean up | 10/22/2007 |
Q: I have about 13 credit cards that add up to (40K) in debt. Some from major banks others are store ...
A: Ray, Some credit companies will not remove history from the CBR. Some will. Before you start ...
|
| Fighting a repo | 10/22/2007 |
Q: i got behind 2 months plus late fees on my car,i know ican loose my car any day.I have paid the ...
A: Michelle, Try to refinance the car. There are many places that will assist you. If that doesn't ...
|
| Credit Card Debt | 10/22/2007 |
Q: My husband has credit card collections from before we were married.He hasn't made any payments in ...
A: Michele, I don't believe the statues have run out. Offer the company a pay off. try to gather ...
|
| frozen account | 10/22/2007 |
Q: My husband had a judgement put against him and now they have frozen his bank account and is ...
A: Michelle, Anything that is yours it untouchable. You can't marry someone elses debt. However ...
|
| Reaffirmed Debts showing as discharged in BK | 10/21/2007 |
Q: My chapter 7 was discharged in 2/05 and I reaffirmed 3 debts, a car loan, my mortgage and my home ...
A: Chris your right. They should state reaffirmed. you should have some information from the trustee. ...
|
| Foreclosure after bankruptcy | 10/21/2007 |
Q: I had a bankruptcy back in 99 and our lawyer at the time told us that if we had to walk away from ...
A: Sherry, Yes this has weight. A Bankruptcy will stay on your credit report for 10 years. When you ...
|
| Student loan has been placed in default while in bankruptcy | 10/14/2007 |
Q: I filed Chapter 7 in the state of GA in January of 2007. Was discharged in July of 2007. In ...
A: Howard, Really there isn't anything you can do. A student loan can't be discharged by bankruptcy. ...
|
| Bank Levy | 10/10/2007 |
Q: my husbands bank account has a levy on it. Supposedly he was sued but we never received the papers.( ...
A: Sandra, When did he file for bankruptcy? Was the bankruptcy discharged? If it was discharged the ...
|
| debt management plan became a nightmare | 10/10/2007 |
Q: We are currently in debt, though not huge debt. We enrolled in a debt management plan that only ...
A: Andrea, Far to often I see people in your situation. DMPs do not work! While your situation may ...
|
| re: old credit card debt | 10/9/2007 |
Q: i recently received a call from collection agency. they claim that i owe them $11000.00 after all ...
A: Young, The account is out of statues of limitations, they can't sue you. So do not pay this ...
|
| I am considering bankruptcy Please Help! | 10/9/2007 |
Q: I am 25 years old, a single parent and student, I have a very low credit score and am having ...
A: Jennifer, The Bankruptcy will stay on your credit profile for 10 years. Your to young for this. ...
|
| bought to soon | 10/8/2007 |
Q: My niece bought a house in Austin Tx. for 175.000 2 months ago, she is now back in Abilene with her ...
A: Dorothy, The easiest thing for your niece to do is to short sell the house. Please read the ...
|
| Collections/Charge Off: To pay or not to pay | 10/7/2007 |
Q: We had several credit card accounts that went unpaid for over a year due to unemployment. We ...
A: Kristi, I can't believe the dealer told you there is no point in paying a charge off. The dealer ...
|
| Old CC debt, new efforts to collect it | 10/5/2007 |
Q: This question is really 3 parts. I had a rough patch in 2001 that ended up with three charged off ...
A: George, You'll be pursued, according to MA statues. The accounts should fall off the last date of ...
|
| Defaulted Student loan | 10/4/2007 |
Q: I have two student loans from the 80's that have defaulted. I was never able to pay on them, becuase ...
A: Debi, I can't believe your story! You have gone through so much, I wish more people had your ...
|
| 11 year old repo | 10/3/2007 |
Q: I had a vehicle repossessed in early 1996 and now, almost 12 years later, I am receiving phone calls ...
A: Shannon, Someone purchased your debt. You are correct there is a time limit, the statue of ...
|
| Credit Report | 10/3/2007 |
Q: I am trying to clean up my credit after a bankruptcy since 9/05. When I pulled up my credit report ...
A: Angie, All creditors are to report their credit as a loss, via chapter 7. It should say Closed ...
|
| Unusual debt situation | 10/2/2007 |
Q: I have a car I was unable to consistantly make the payments, which I owed $7,200 when the credit ...
A: Polly, I'm sorry about your accident! I hope your ok. First I would talk to an attorney and make ...
|
| Can my Credit Card company reposess my car? | 10/2/2007 |
Q: I was in a car accident and have been out of work and in and out of the hospital the past year. I ...
A: What I'm getting is that the you have both car loans through the CU. Who have you spoken to at the ...
|
| Can my Credit Card company reposess my car? | 10/1/2007 |
Q: I was in a car accident and have been out of work and in and out of the hospital the past year. I ...
A: Joe, Yes the Credit Union can take back the car. I know it sounds bad, but it's not the end of ...
|
| credit card | 9/28/2007 |
Q: I’ll apologize in advance for the length of this…..I applied for a balance transfer with my bank. My ...
A: Laurie, Call Chase... explain in detail about the issue at hand. Don't tell them you don't have ...
|
| Student Loans Debt | 9/27/2007 |
Q: I do owe about 11,000 dollars and an agency from California is in charge of collection. They send ...
A: Hector, Yes they can garnish up to 25% of your income. They will have to sue you first. At this ...
|
| Credit question/ loans | 9/27/2007 |
Q: My credit scores have taken a huge hit over the past year due to a job loss I have 3.. 90 and 120 ...
A: Blake, There are many factors involved with opening an account as a business entity. One of the ...
|
| CREDIT | 9/27/2007 |
Q: HI I'M WONDERING IF I CANCEL A CREDIT CARD WILL THAT AFFECT MY CREDIT SCORE I HAVE THIS CREDIT CARD ...
A: Anna, Not to be rude, but how are you going to make car payments if you can't make a credit card ...
|
| balance transfers | 9/26/2007 |
Q: I was wondering if transferring balances from one credit card to another is bad for your credit ...
A: Transfering balances doesn't play a major impact on your score. The reason: your debt to income ...
|
| Late car payments | 9/25/2007 |
Q: I recently paid my two car payments through my bank's "online bill pay" Well, either they or the ...
A: Jessica, The late payments should not show on your credit report. There is a much larger issue ...
|
| credit card | 9/23/2007 |
Q: I live in Oregon and just received a letter threatening a lawsuit. The credit card debt is 11 years ...
A: Brian, Hello. Please scan the letter and send it to Eddie.Saleh@ontfg.com . I would like to see ...
|
| credit card closure | 9/22/2007 |
Q: I have a Fico score of 775. I make <40k per year and have worked very hard to pay off debts. I am ...
A: Rosemary, First pay off that credit card as fast as you can! Second, because you will close the ...
|
| Debt Consolidation | 9/20/2007 |
Q: I have what I hope is a simple question. Currently I have about $40k in revolving credit. I need to ...
A: Terry, The industry is starting to migrate away from reducing interest rates. However you can ...
|
| Florida Statute of Limitations Case law | 9/20/2007 |
Q: I'm representing myself in court soon due to being sued for a past credit card. I'll be using the ...
A: Jason, In your defence See Florida Statutes 95.11_from the date that the last date that the last ...
|
| foreclosure | 9/19/2007 |
Q: i just asked this question, dont think i did right so am redoing it.my mom house is only worth 88k. ...
A: I am not licensed as a lawyer nor a CPA and cannot advise on those consequences. Be aware the ...
|
| Home Loans | 9/18/2007 |
Q: Does it hurt your credit when lenders check your credit to get you pre-approved? My husband and I ...
A: Jillian, A industry term we use is called grouping. Your allowed a small number of credit checks ...
|
| medical debt | 9/18/2007 |
Q: My cousin is divorced and has a small income that will end in two years. she isn't working but ...
A: Pam, TX is a great state to homestead, I would take full advantage of their homestead laws! ...
|
| foreclosure | 9/18/2007 |
Q: i just asked this question, dont think i did right so am redoing it.my mom house is only worth 88k. ...
A: Jenn, Do not ignore the letters from her lender. If she's having problems making payments, call ...
|
| strange phone call | 9/17/2007 |
Q: I let a credit card go in 2000 or 2001 because i could not afford to pay it. My limit was 3000 but ...
A: I know this situation all to well! Wow some collectors go way overboard! The bill increased to 6k ...
|
| medical debt | 9/17/2007 |
Q: My cousin is divorced and has a small income that will end in two years. she isn't working but ...
A: I have some questions for you! The income your speak of, why is it ending in 2 years? How old is ...
|
| car | 9/15/2007 |
Q: is there a chance that an indiviual can be arrested for repossession of a car i have a friend that ...
A: WOW, No way no chance! Have your friend record each conversation! (Make sure you check with your ...
|
| question about judgements | 9/15/2007 |
Q: I'm on dissability, only income. Can the credit companys sue me and win a judgement for expectation ...
A: Nanette, Hello! Even though you may not want to hear it, yes. A credit company can still be ...
|
| credit cards | 9/14/2007 |
Q: I have been receiving offers here and there for credit cards now that I'm finally establishing my ...
A: Justin, Listen to me. No more credit cards. Keep paying your cards on time every month. Your ...
|
| hi | 9/14/2007 |
Q: Is there any way to keep $ hidden and protected in a bank? Not subject to seizure, garnishment or ...
A: Yom, Who and why do you want to hide money from? While I hope your situation isn't harsh, trying ...
|
