| Subject | Date Asked |
|
| Impact on credit score of a single collections | 9/22/2008 |
Q: I have an very high credit score (over 750) and have never had any "black marks" on my credit that ...
A: I am a credit repair professional, and you are mostly correct. Your score will be affected by the ...
|
| statue of limitations | 9/19/2008 |
Q: I live in Ohio, have charge offs on my credit report - dealing with credit cards...every place I ...
A: Ohio Civil Statutes of Limitations In Ohio, a claim must be brought to court in a law suit no later ...
|
| Truck Repo | 9/18/2008 |
Q: I bought a truck for my grandson who is not going to make the payments anymore. I collect Social ...
A: Linda, I am sorry to hear of your dilemma. You have good reason to be concerned. If the truck is ...
|
| credit card after bankruptcy | 9/18/2008 |
Q: My husband and I filed Chapter 11 bankruptcy and it was discharged March 2006. Since then we have ...
A: Tawnya, Getting a major credit card from a reputable lender is not easy when you have a BK on your ...
|
| debt interest | 9/12/2008 |
Q: can a debt collection agency collect interest on a old charged off credit card in Ohio?
A: Yes, as long as they follow the rules under the Fair Debt Collect ACT. You Should Google it and ...
|
| Repossesion or Bankruptcy | 9/6/2008 |
Q: While married in 2005 my ex-husband and I purchased a vehicle. We are now divorced and I was left ...
A: Sera, You'll want to include the repo in Chapter 7 BK if possible. A consult with an attorney will ...
|
| Credit repair | 9/5/2008 |
Q: Ive been told that I can raise my credit score by having someone add me to there credit or by ...
A: Understood. I have several clients in the same situation. There are two basic steps you'll have to ...
|
| Credit repair | 9/4/2008 |
Q: Ive been told that I can raise my credit score by having someone add me to there credit or by ...
A: It is true that having someone add you to there credit card can help you in certain circumstances. ...
|
| bankruptcy and foreclosure | 9/4/2008 |
Q: I am filing a chapter 7, but I have a couple of accounts held jointly with my wife, i.e. 2 ...
A: The short answer is that BK is less damaging in the long run than foreclosures. In my experience, ...
|
| reposession | 8/30/2008 |
Q: I have searchede the web for an anwer for my parents.. They have lost everything they own and are ...
A: Paula, Wells Fargo would much rather your parents sold or start paying again than repo. People ...
|
| buying a home after ch 7 | 8/30/2008 |
Q: my husband and i are filling a ch 7. we want to get out of a previous home. our attorney told us ...
A: Unless you have a large amount of money to put down you'll probably be looking at min of 2 years ...
|
| Chpt 7 and car cosigned for | 8/27/2008 |
Q: I converted Chp 13 over to Chp 7 in June 2004. I was divorced in October 2001. I had an Alero car ...
A: If he was on the loan and did not declare BK, they are within their legal rights to pursue him for ...
|
| buying a car after | 8/26/2008 |
Q: We are senior citizens, and fell into debt after retirement.We will soon have our debts discharged. ...
A: Nancy, there are several tips for this subject. I thought perhaps you would like specific advise ...
|
| banckruptcy or forclosure | 8/25/2008 |
Q: I have a interest only house payment and is accumulating negitive amortization. The MTG company is ...
A: Nicole, The foreclosure will not make the home debt go away. It will come back to you in ...
|
| Car accident and bankruptcy | 8/23/2008 |
Q: I filed bankruptcy on July 18, 2008 and then a car accident that totalled my vehicle on Aug 3, 2008. ...
A: This question should be directed to your BK attorney, though I would say the lien holder is ...
|
| Credit card | 8/23/2008 |
Q: I have about 10 credit cards and close to $50.k debt all together. David , I know there is so many ...
A: Brad, In the past I have called my CC and requested lower rates. Some of the cards did this and ...
|
| Charged off debt | 8/21/2008 |
Q: If you have a charged off debt, and then you pay it off in full, will it be deleted from your credit ...
A: Frankie, While it is possible to have this deleted from your credit report, it is not likely to ...
|
| interrogatories before bankruptcy | 8/21/2008 |
Q: Real quick - the bottom line is our small business failed and we got sued by everybody. Just found ...
A: Wendy, Thank you for your kind comments. Usually once you file for bankruptcy any outstanding ...
|
| Just Married | 8/20/2008 |
Q: I am 48 year old woman and just married in March of this year. My husband has been rebuilding his ...
A: Melanie, BK will only effect your husband on joint accounts. The good news is that if you declare ...
|
| High Income, High Debt | 8/19/2008 |
Q: I dont even know where to start... OK, we're a young couple, under 30, with two babies, a house, a ...
A: With that much debt it will take a lot of time to even come close to getting out. I am sure that it ...
|
| raise my score | 8/17/2008 |
Q: I currently have a score of 750. I recently paid off a couple of collections one was 38.oo and one ...
A: It should help as long as you use it responsibly. You should also try to have any negative info on ...
|
| Medical debt | 8/12/2008 |
Q: I have an account in collections from an accident I was in in '06. The ER doctor that saw me however ...
A: Wendy, All collections on your credit report effect you the same way, medical or otherwise. ...
|
| voluntary repossession | 8/11/2008 |
Q: The question at hand is pertaining to my divorce and a car we have together.The car at hand is an 05 ...
A: I wish there was a clear cut answer for you, but your in a tight spot on this one. I would say ...
|
| voluntary repossession | 8/10/2008 |
Q: The question at hand is pertaining to my divorce and a car we have together.The car at hand is an 05 ...
A: Stanley, By the time it is done you'll probably see about 60-150 point drop. You need to remember ...
|
| creditor in a bc filing | 8/2/2008 |
Q: I have loaned about $150,000 to relatives and friends. All (3) of them filed for bankruptcy but ...
A: I wish I had a friend like you, very generous. I am sad to hear it turned out the way it did. I ...
|
| credit after BK | 7/30/2008 |
Q: David, I'm in the middle of filing for bankruptcy and trying to decide what debts I should pay and ...
A: TJ, BK is your shot to start over. File on everything possible. Many of my clients see a score ...
|
| Voluntary RV reposession? | 7/30/2008 |
Q: I have an RV that I have been paying on for the past 7.5 years. I originally owed $48,00 on it, and ...
A: It depends on how large the debt is and how aggressive of a collection agency they use. $500 won't ...
|
| Garnishment of bank account | 7/30/2008 |
Q: Assuming a judgement has been obtained, can a creditor garnish a bank account that is held jointly ...
A: Mike, yes they can after they file for garnishment in court. It can sneak up you, might be a good ...
|
| Voluntary RV reposession? | 7/29/2008 |
Q: I have an RV that I have been paying on for the past 7.5 years. I originally owed $48,00 on it, and ...
A: Sonny, Your best bet is selling the vehicle and paying the difference to the creditor. If you let ...
|
| Credit Repair | 7/26/2008 |
Q: Here is my situation. I had alot of debt/bad credit in the past and have worked my butt off to pay ...
A: Rick, The situation you have described is very common to most of my clients. The good news is ...
|
| voluntarily surrender? | 7/26/2008 |
Q: I filed bankruptcy (Chapter 7) 2 years ago. I filed my car (a 2004 grand am) and the bankruptcy was ...
A: Amber, Letting the car go back will show as a Repo. That is pretty bad as far as the credit ...
|
| Bankruptcy and a School Loan | 7/25/2008 |
Q: My Daughter received two separate school loans. To my understanding the loan would start 6 months ...
A: There are only 2 choices: Pay the debts or declare BK. Keep in mind that you can not declare BK ...
|
| when creditors contest | 7/15/2008 |
Q: What happens when a creditor contests a bankruptcy? Also, we are filing a chapter 7, what is the ...
A: I would say the odds are slim. Your attorney should be able to walk you through the process. My ...
|
| car loan | 7/13/2008 |
Q: I did a volentary car repo due to a divorce and got laid off from my job the money owed is $13000 am ...
A: Unfortunately, the money is still owed and the responsibility is yours. As this is the case, ...
|
| credit card debt | 7/12/2008 |
Q: I have approx. $40,000 in credit card debt. I have always made payments and am in good standing ...
A: No, if you settle the accounts it will adversely effect your credit score. If you decide to do it ...
|
| credit report | 7/10/2008 |
Q: I have an issue with a $260 charge off on a cellular phone. It has been on my credit report for six ...
A: Robbie, Paying it will not remove it from the report. But it will continue to grow and do ...
|
| repo vs bankruptcy | 7/8/2008 |
Q: We recently had a decrease in income and an increase in payments with rising cost of gas etc. Our ...
A: It sounds like you need to set down with a local attorney that knows Bankruptcy law and see what ...
|
| credit and todays housing market | 7/7/2008 |
Q: Due to the housing market and so many homes being "let go" due to the economics, do you think there ...
A: No, I don't think so. My specialty is repairing credit. Recovery from foreclosure and BK can happen ...
|
| ONE BIG MESS | 7/7/2008 |
Q: I have one BIG mess on my hands, and hope that you can help me figure out the best way to handle ...
A: Tammy, Your best option is if he can refi it into his own name or sell the car so you can be ...
|
| Foreclosure after Bankruptcy | 7/7/2008 |
Q: I filed Chapter 7 bankruptcy in Dec of 2007 and was discharged in March of 2008. However, I decided ...
A: Unfortunately, I must refer you back to an attorney. My specialty is repairing credit after BK. ...
|
| Cosigner issue | 7/3/2008 |
Q: I cosigned for someone and it has now gotten to the point where the credit union is threatening ...
A: Joab, Yes, you can sue the cosigner. The other questions depend on how far in the process you are. ...
|
| Being sued after bankruptcy | 7/3/2008 |
Q: My wife and I just received our discharge papers after filing Ch 7 bankruptcy. During the process ...
A: Cory, This question really needs to go to the attorney that helped you file. He has a ...
|
| foreclosure | 7/2/2008 |
Q: My husband bought a house prior to our marriage approx 2 yrs ago. He has owned the house for 5 yrs. ...
A: Interesting question Lesa. The biggest thing that needs to be considered is what happens when a ...
|
| auto loan and chapter 7 bankruptcy | 7/2/2008 |
Q: I currently have a car loan with a payoff of about $33,500 but the fair market value is only ...
A: Robert, You'll want to send this question to an attorney that does BK. My specialty is raising ...
|
| Many credit cards | 6/28/2008 |
Q: I just read an article stating that if you have more than 6 credit cards, even if you were not ...
A: Many of my clients have had several credit cards and still achieved excellent scores. The areas ...
|
| Improving Credit with credit cards | 6/26/2008 |
Q: My average credit score from the three agencies is 665. I have not had credit cards in more than 10 ...
A: Gerron, There are 2 ways to increase your score. 1. Remove negative items from your reports(35% ...
|
| Inaccurate credit report | 6/25/2008 |
Q: I have a question about an old debt that was settled for less than the amount owed on it about a ...
A: Keep disputing it. Write the collection company and use certified mail. If they continue to ignore ...
|
| BANK LEVY | 6/25/2008 |
Q: ON MAY 6 THERE WAS A BANK LEVY ($1,100) AND WAGE GARNISHMENT ORDER AGAINST ME SO I FILED MY OWN ...
A: Unfortunately, the money is gone due to it's collection before you filed. If you need help ...
|
| write off? | 6/24/2008 |
Q: I recently had my credit report pulled by an agent for my lease signing for my apartment. He said ...
A: It sounds to me that the leasing agent doesn't understand how credit reporting works. A debt being ...
|
| business bankruptcy | 6/23/2008 |
Q: when you file bankruptcy on a business with a tax id number, does it effect your personal credit or ...
A: If you have signed as a personal guarantor on the loans or credit cards you will personally be ...
|
| Timeshares | 6/23/2008 |
Q: Can I safely stop making payments on my Timeshare? My Timeshare is with Wsetgate which is the #1 ...
A: I have toured that facility before. I bought from Orange Lake down the street. It is completely up ...
|
| Bankruptcy.. | 6/21/2008 |
Q: I filed for Chapter Seven last year... The repayments were coming straight out of my payroll checks, ...
A: Alvin, I think you meant to say you filed a chapter 13 last year. I have clients that have gone ...
|
| BK and Filing without spouse | 6/20/2008 |
Q: I live in Wisconsin, and I am considering filing bankruptcy. I was told at my consultation, that ...
A: Ultimately, you should use a good attorney that knows the laws in your state around BK. Everything ...
|
| Selling of debts | 6/19/2008 |
Q: How many times can a bad debt be sold? How can they report this on your credit report since your ...
A: The debt can be sold indefinitely. The law allows for debt collectors to report purchased debt. ...
|
| Credit Cards bills and mortgage. | 6/19/2008 |
Q: I'm about to be unable to pay my credit cards. I live in Florida. I have 2 with Bank of America, 1 ...
A: No, they can not do that at a bank. Credit Unions on the other hand cross collateral their accounts ...
|
| Credit score | 6/17/2008 |
Q: i would like to know what is the best way to raise my credit score which is currently at a mediocre ...
A: Helping folks raise their credit scores is my specialty. Opening new CC is one part of raising your ...
|
| wife files chapter 7 | 6/13/2008 |
Q: My wife has around 30000.00 dollars of credit card debt that is choking both of us. My question is ...
A: You should have your wife immediately call and have you removed as an authorized user. Being an ...
|
| paying off credit debt | 6/12/2008 |
Q: I'd like to pay my credit card balance in full. I've been told and even read here that it's possible ...
A: 1...I am not an expert on Debt settlement. 2...The best score is achieved when using 5% or less of ...
|
| Credit Card Questions | 6/11/2008 |
Q: I'm 20 years old and I have plenty of questions in regards to what I should do with my credit cards. ...
A: Madonna, Wow, lots of stuff going on in that question. Here are the basics: Your Credit Score ...
|
| Credit debt issue | 6/11/2008 |
Q: I would really appreciate your help with my issue, thanks!-> I was living with a family in 2004 and ...
A: Boy, that is a long question. 1...I have read of other people saying they have been able to get ...
|
| bankruptcy/foreclosure | 6/11/2008 |
Q: I filed a CH.7 back in 2005, under the assumption that my house was not included in the ...
A: Basically, that means even if you have been released from the debt through BK the lenders lein stays ...
|
| bankruptcy/foreclosure | 6/11/2008 |
Q: I filed a CH.7 back in 2005, under the assumption that my house was not included in the ...
A: If you kept your home you must had agreed with the lender to continue making payments. Chapter 7 ...
|
| Debt settlement issues | 6/10/2008 |
Q: I had 2 credit cards. 1 card I've had for 20 years and never missed a payment. Both cards I never ...
A: Janice, First they'll sue to obtain a judgement. Then, if you don't settle they will eventually ...
|
| bankruptcy | 6/10/2008 |
Q: I have filed bankruptcy and Foreclosure and am now going to add in my doctor bills. Do we have to ...
A: It is completely up to the Doc. Some don't handle their own billing and won't even know. Others ...
|
| Have to appear in court June 10th for unpaid credit card | 6/8/2008 |
Q: We are being sued by Discover Card through Baker,Miller,Markoff & Krasny,LLC. Exhibit A is Legal ...
A: There is no good solution for you. If you decide not to show at court you will lose the case, but ...
|
| Effects of a Voluntary Repo | 6/7/2008 |
Q: I have a 2008 Corvette that I owe 54,000 on. I have been trying to sell it now for 4 months and ...
A: I can't tell you if it is the best option. I can tell you that when you voluntarily repo your car ...
|
| My Bad Credit | 6/5/2008 |
Q: I recently went in to a mortgage company to inquire about buying a home. The lender told me he ...
A: Althea, Getting a mortgage with a score below 580 is pretty much impossible. You'll need a score ...
|
| getting items removed from credit report | 6/5/2008 |
Q: I am actually asking this for information for my daughter. My daughter has been divorced for 1 ...
A: Jane, It sounds like your daughter has gone through a rough patch that keeps getting rougher. ...
|
| Debt to credit | 6/5/2008 |
Q: Forgot to ask.... i have student loans that are really close to the original balance, producing a ...
A: If you are asking about the utilization of revolving debt ratio used to calculate 30% of your credit ...
|
| ratios | 6/5/2008 |
Q: Its great what your doing. If I had any better credit knowledge I would do the same as you. I have ...
A: Vin, Almost every lender will factor the whole payment into the debt to income ratio. Some banks ...
|
| advise on repayment plan | 5/28/2008 |
Q: My husband and I filed bankruptcy in order to keep our home and because we owe the IRS around $5000. ...
A: You'll want to direct this question to your BK attorney. He'll be able to tell you if you qualify ...
|
| default on auto loan | 5/28/2008 |
Q: OK, this might be long but I need advice. In 2001, my then husband and I bought a vehicle. Paid on ...
A: I would start taking whatever you can afford each month and sticking it in a savings account. If ...
|
| Help, not sure what I should do about a car loan.... | 5/26/2008 |
Q: My fiance' and I decided he needed a vehicle, but his credit was bad, so I stepped up and got the ...
A: Wen considering BK you should start by consulting an attorney to see if you qualify. There are 2 ...
|
| after bankruptcy | 5/25/2008 |
Q: My husband and I just aquired a loan from a lender for the purchase of a car. We filed bankruptcy ...
A: I have bee told you are not supposed to apply for new credit until after your BK is finished. I ...
|
| after bankruptcy | 5/22/2008 |
Q: My husband and I just aquired a loan from a lender for the purchase of a car. We filed bankruptcy ...
A: You should have waited but it will probably have no effect on your BK. You can ask your attorney ...
|
| Medical Collections | 5/22/2008 |
Q: Today I received a notice from a collection agency stating that my hospital bill has been sent to ...
A: The hospital does have total power in deciding how to handle the debt. It may not seem fair, but ...
|
| civil complaint-cc | 5/21/2008 |
Q: i had a cc about 5 years ago for around $300 and when i lost my job i fell behind and then the ...
A: At this point there is no way to defend it. You need to settle the judgement. If you don't go to ...
|
| Credit Bureaus | 5/20/2008 |
Q: I was given the opportunity to enroll for 1 year for free in a credit monitoring service that only ...
A: Christine, In a perfect world you want to monitor all 3. 70% of the info will be the same on all 3 ...
|
| 20 year old debt | 5/16/2008 |
Q: I received my three in one credit report, I found that a credit union started reporting on 06-07 two ...
A: The first step should be disputing the items in writing to Trans Union. Google sample credit ...
|
| behind in payments with nuvell | 5/16/2008 |
Q: I currently came into some financial hardship and I am behind on March and April Car Payments With ...
A: It is very likely they'll take the payment. Keep in mind, if they take a payment they can still ...
|
| money | 5/14/2008 |
Q: Im wondering if you could advise me on a matter. In June last year my step sister and parents ...
A: This question should probably be sent to an attorney. My expertise is in credit repair. I will ...
|
| behind in payments with nuvell | 5/14/2008 |
Q: I currently came into some financial hardship and I am behind on March and April Car Payments With ...
A: I am not familiar with that company. They do have the right to be as strict as they want to about ...
|
| debt collector | 5/14/2008 |
Q: I have a question. While I was married, my husband purchased a water system, and I did sign as ...
A: Short of declaring BK yourself, your on the hook. Once you co-signed they have a right to collect ...
|
| CC Company Filed Suit Against Me | 5/13/2008 |
Q: (1) I have been given a summons to appear in court by a CC company I owe $ to...I have not paid ...
A: 1. It is a state law. Your time starts over whenever you reaffirmed or promised to pay the debt. ...
|
| Foreclosure | 5/12/2008 |
Q: I have two questions. (1) In February 2006, my second mortgage holder initiated foreclosure ...
A: 1.In my experience foreclosure info commonly spans a year on the report. 2.They will use the later ...
|
| Can this still hurt my credit rating? | 5/10/2008 |
Q: "I live in PA and have an old credit card debt from 1989. The debt has been sold to various ...
A: I am sure your past the Statute Of Limitations regarding collections on the Debt. You should read ...
|
| Disputing Bankruptcy Included Items | 5/7/2008 |
Q: I have sent a copy of my bankruptcy paperwork to the credit bureaus and asked them to correct ...
A: It may take some time, but most things will come off within a couple years if disputed over and ...
|
| 720 credit score | 5/5/2008 |
Q: I have a 630 middle credit score, and I desperately want to get to 720. I would love to get to 700 ...
A: No. The things you mentioned will not affect your score. Paid and open collections affect your ...
|
| Voluntary Repossesion | 5/2/2008 |
Q: I am in serious need of advice to help relieve my 75 year old aunt of a huge financial burden. My ...
A: Harold, I am sorry to hear of your aunt's misfortune. I wish there was a good answer for her. If ...
|
| debt collection | 5/2/2008 |
Q: "i have neglected to pay my discover card and they sent he bill to a collection agency ,so I called ...
A: If they will not work with you, google cease and desist debt collection sample letters. Stop them ...
|
| Raising FICO Score | 5/1/2008 |
Q: I am currently trying desperately to raise my credit score quickly so I can get a student loan. My ...
A: It does not matter how you divide the payments up. 35% of your score is based on total debt to ...
|
| Repossesion | 4/29/2008 |
Q: A couple of years ago my now ex-boyfriend and I purchased a durango and a car both in my name. For ...
A: Fallon, It will be bad either way. The bigger issue with the repo is that after they sell the ...
|
| credit card debt | 4/28/2008 |
Q: My husband and I are both in our late 60's , we no longer hold jobs, we are on social security he ...
A: The collection process usually goes like this: 1...Letters and phone calls from the creditor ...
|
| creditor was not included | 4/27/2008 |
Q: In 11/2003 i filed chapter 7 Bankruptcy i was young and now almost 5 years later i am trying to ...
A: You can contact the creditor yourself and explain that they were included in your BK and need to ...
|
| bankrupcy | 4/25/2008 |
Q: I live in CA. I just got married Oct/2007. I am in some serious debt with 2 homes that i will need ...
A: Allie, Sorry to hear of your misfortune. Only your joint accounts will be affected by the BK. As ...
|
| court | 4/24/2008 |
Q: I have my court appearance for chapter 7. I was wondering how long does this take in the court room? ...
A: Pat, all depends on the day and the court and the order your called in. Be prepared for a few ...
|
| chapter 7 | 4/23/2008 |
Q: When a person files for chapter 7 does it become public knowledge?. For example, will employer, ...
A: It is a public record. Only those that have joint accounts with you, or see your credit reports. ...
|
| bankruptcy | 4/23/2008 |
Q: We filed bankruptcy and are waiting for the judge to sign the final. I lost my job two years ago ...
A: This question is a little outside my realm of expertise. I help people increase their credit ...
|
| credit bureau reporting | 4/22/2008 |
Q: I was forced to delcare bankruptcy in 2000. It was final April,2000. At the time the reporting was ...
A: 7 years for typical discharge items 10 years for the BK itself 15 years for unpaid tax liens You ...
|
| eviction | 4/22/2008 |
Q: I got evicted at my first apt and I have not rented in 2 years and I was wanting to move in to and ...
A: It absolutely will follow you from state to state if it was recorded. You'll have a better chance ...
|
| trying to negotiate with credits | 4/21/2008 |
Q: Greetings, I've had two delinquent accounts that have been causing havoc on my credit records for a ...
A: Terri, Collection agencies can negotiate, but only if they want to. They prefer to be difficult ...
|
| Ex Girlfriend Car Loan problem | 4/21/2008 |
Q: my girlfriend coerced me into cosigning for a car loan in October 2007. When the bills started ...
A: My specialty is credit repair. I'm not familiar with the rules around registrations or whom would ...
|
| Ex Girlfriend Car Loan problem | 4/20/2008 |
Q: my girlfriend coerced me into cosigning for a car loan in October 2007. When the bills started ...
A: Nice score. If her late payments and subsequent repo hit your reports I would expect the immediate ...
|
| Trouble getting a credit card | 4/19/2008 |
Q: I am currently a college student with my only oustanding debt being my loans that the government ...
A: Interesting. I recommend you look at creditcards.com. You can apply on-line after picking the ...
|
| Ex Girlfriend Car Loan problem | 4/19/2008 |
Q: my girlfriend coerced me into cosigning for a car loan in October 2007. When the bills started ...
A: Hey Joe, I feel for you, but there is no good answer for you. There is no legal recourse for being ...
|
| Experian issues | 4/17/2008 |
Q: "Hello, I have had 2 PAID liens showing on my reports under all 3 of the credit bureaus, I was able ...
A: Yes, dispute in writing or if you continue disputing on-line, choose other for reason of dispute and ...
|
| Upcoming repossession | 4/15/2008 |
Q: I co-signed on a car loan but the car was never registered, driven, insured or paid by me. The ...
A: I feel bad just thinking about your story. Prime example of why I never recommend co-signing to my ...
|
| Summons for Credit Bill | 4/12/2008 |
Q: I had several credit cards starting in college, circa mid nineties. I managed to navigate through ...
A: 1) I wouldn't retain a lawyer for this. I would ignore the summons. The time you buy by fighting ...
|
| Bankruptcy and Credit Cards | 4/11/2008 |
Q: My fiancé’s mom is filing for bankruptcy and he is on one of her credit cards. He was added about ...
A: If the account is joint, it will be bad for him. The collection agency has the right to proceed ...
|
| Motion for Relief from Stay - Granted | 4/9/2008 |
Q: My husband was a real estate investor. Recently we had to file for bankruptcy. One of the mortgage ...
A: A Motion For Relief from Stay is an action filed in Bankruptcy Court to request that the Court make ...
|
| APR | 4/8/2008 |
Q: I am not sure if you will know but how can i find out what the legal law limits in Alabama for APR ...
A: Tara, I don't know about APR limits. I would ask an attorney about it. As far as transferring ...
|
| credit | 4/8/2008 |
Q: i have a credit score of 488 which i know is bad, i have old chilbirth medical bills and credit ...
A: Tiffany, Hi. The new car will help you in the 6-12 month range. How much it will help depends on ...
|
| auto loan | 4/6/2008 |
Q: We just filed a chapter 7 and have not been discharged yet. We put that we would re-affirm the only ...
A: It will be easier to get a car after BK. Good idea on letting the old one go back. Visit ...
|
| Auto Repo | 4/5/2008 |
Q: In April 2006, I purchased a 2006 Altima. My credit was not great when I purchased the car, but I ...
A: Unfortunetly, your best choice is compromised once you have made a late payment. Not being employed ...
|
| Disputing Credit | 4/4/2008 |
Q: The question I have is When disputing the credit or inaccurate information with all 3 credit ...
A: There are always 2 ways to dispute an item. 1st. With the credit bureaus'. 2nd. With the ...
|
| bankruptcy | 4/1/2008 |
Q: I am in the process of filing a chapter 7, I have not yet been to court yet. My lawyer told me that ...
A: When you declare BK you have to list all assets and creditors. You can not leave one out. Unless ...
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| Home foreclosures | 3/29/2008 |
Q: How would a foreclosure on my house effect my credit and what can the bank do to me?
A: It is like an atom bomb to your credit. Most folks right our of a foreclosure are going to have ...
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| Credit Report | 3/28/2008 |
Q: I am 26 and my credit is not so good due to mistakes in the past. I have 6 charged off accounts ...
A: Repairing credit happens in 2 ways. Removing bad & adding good. Secured cards and store cards can ...
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| bankruptcy | 3/23/2008 |
Q: DO i have to count the accounts that I am only an authorized user on, when filing bankruptcy? I am ...
A: If you have ownership in it or your name is on the loan you will have to list it. Your attorney ...
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| Bad credit | 3/22/2008 |
Q: Is it possible for a single, never been married man to have a bad credit score? Does being married ...
A: The FICO credit scoring model does not factor marriage into your score. The only way being married ...
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| FICO score improvement | 3/20/2008 |
Q: Will I see my FICO score improve when my 10 year old bankruptcy falls off my credit history this ...
A: Yes, your score will go up. The amount will depend on the other items on your report. If it is the ...
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| Credit Score Issue | 3/20/2008 |
Q: How are you? I need to buy a car ASAP and im scared my interest rate could be high b/c i have an ...
A: You have a lot going on in this question. I'll try try to cover all points. 1. The rate you get ...
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| garnishment | 3/19/2008 |
Q: We had a van that we gave up 2years ago due to personal things that happened and we could not pay on ...
A: You can attempt to negotiate a deal. You will have the most power if you have a decent amount to ...
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| CHARGE OFF | 3/15/2008 |
Q: I have a couple of charge off in my credit report. All of them more than 2 years. My credit score is ...
A: There are a lot more factors that work into the picture than the limited info provided. I can say ...
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| Disputing Credit | 3/15/2008 |
Q: The question I have is When disputing the credit or inaccurate information with all 3 credit ...
A: You can send it, but it will have no impact on the tradeline being removed. They will reinvestigate ...
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| creditors | 3/11/2008 |
Q: How long can or does a credit card debt stay on your credit report. I ask this question because I ...
A: Negative items stay on for 7 years. Positive items stay on 10 years. You have the right to ...
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| Jugdement! | 3/11/2008 |
Q: My husband had gotten laid off four years ago. We had a 1999 Oldsmobile Alero. We got behind in the ...
A: You have a couple of choices short of BK. 1. Pay it. 2. Dispute it. 3. Hide from it until you've ...
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| chapter 7 bk question | 3/10/2008 |
Q: I filed chapter7, 7/05, kept a car, that I would like to put under now, but it is retained, can I ...
A: I am afraid it is to late to include it in your BK. It would be different if it was a debt you ...
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| Phone Call... | 3/4/2008 |
Q: I received a phone call saying they were from a Jason Evans Attorney. In the message he said that a ...
A: If they are asking for a small amount it is unlikely that they'll sue. Google debt collection ...
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| Phone Call... | 3/3/2008 |
Q: I received a phone call saying they were from a Jason Evans Attorney. In the message he said that a ...
A: Collection agents say all kinds of intimidating things. You didn't give me enough details to ...
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| Raising my wife's credit. | 3/1/2008 |
Q: I have excellent credit. My wife claimed bankruptcy about 7 years in a previous marriage. She has ...
A: Your wife can take a few easy steps that will dramatically improve her credit. Adding her to your ...
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| Car Charged off | 2/27/2008 |
Q: My husbands car was charged off from Chase, we were 4 months behind, we just got out of the ...
A: Once you have gotten that far behind they have the right to call in the loan. You can try to ...
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| Voluntary Repo of truck | 2/27/2008 |
Q: I purchase a 2006 F-350 Diesel to pull new RV's from manufacture to dealers around the U.S.. I ...
A: If you have made up your mind to let the truck go back it would be best to turn it in sooner than ...
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| building credit | 2/26/2008 |
Q: My wife and I are trying to get a loan for a house. We tried to get one 4 years ago and we were ...
A: First, you're not screwed for the rest of your life. Building credit is actually pretty simple, but ...
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| Deffering Hurt My Credit Score? | 2/25/2008 |
Q: After Christmas, New years, Property taxes,Home Insurance, I am struggling to pay my truck payment. ...
A: I know that some Credit Unions offer defer a payment options built into their loans. Unless your ...
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| Increasing Credit Score question. | 2/25/2008 |
Q: I just received my tax refund check and I am going to use it to pay off my credit cards. I ...
A: 30% of your credit score is based on your revolving debt utilization ratio. What that means is the ...
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| cancelling credit cards | 2/23/2008 |
Q: I am very confused about whether I should cancel some unused credit cards. I have two from retail ...
A: If you want the tradeline connected to that card on the credit report to be gone you can simply ...
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| credit card | 2/22/2008 |
Q: I have not received a bill in 3 or 4 months.I have been going into the store to make payments,and ...
A: If your payments have deviated from the original terms of the agreement they can use a collection ...
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| Bad credit + debts | 2/21/2008 |
Q: I overspent when I was in my early 20s (1997-1999), have incurred tens of thousands of debts, moved ...
A: I think you should ask an attorney or tax professional the first part of this question. As for the ...
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| bankruptcy and marriage. | 2/21/2008 |
Q: I am currently engaged and my boyfriend is worried that if i file bankruptcy it would affect him as ...
A: The short answer is he would be in a better position if you declared bankruptcy before getting ...
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| cancelling credit cards | 2/20/2008 |
Q: I am very confused about whether I should cancel some unused credit cards. I have two from retail ...
A: In the majority of cases, canceling credit cards has a negative impact on your credit score. These ...
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| big problems with my credit rating | 2/20/2008 |
Q: my name is John. I am 46 and was discharged from a Chapter 7 in March of 2004 in Califirnia. I have ...
A: You can look in your local paper, craigs list, google, or ask around for a referral. Feel free to ...
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| big problems with my credit rating | 2/20/2008 |
Q: my name is John. I am 46 and was discharged from a Chapter 7 in March of 2004 in Califirnia. I have ...
A: Roughly 80% of all credit reports have mistakes on them. I don't think anyone is doing it to you. ...
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| Voluntary repo pay off old debt | 2/18/2008 |
Q: it doesn't run needs new engine and the whole nine. I owe 5900.00 on it. I thought if I get the repo ...
A: I can not tell you what is the best choice for you without knowing your whole financial picture. I ...
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| Repossession | 2/18/2008 |
Q: I have a friend that went into business for himself last year. He bought or is in process of buying ...
A: There are several factors that play into it. It is true that a corporation offers a layer of ...
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| Repossession | 2/15/2008 |
Q: I have a friend that went into business for himself last year. He bought or is in process of buying ...
A: It sounds like your friend has several issues to worry about. I would need more details to give a ...
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| Bankers Life Scam | 2/14/2008 |
Q: I worked for bankers life in April and May of 2007, I wrote over $4600(my commission) dollars in ...
A: I bet if you review you contract with bankers you'll find something about being liable for ...
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| credit score | 2/12/2008 |
Q: I have been trying to purchase a new home and had credit issues in the past. I have recently paid ...
A: Once you have paid off all revolving debt, there are only 2 things left. 1. Correctly dispute ...
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| Terminating a gmac lease early | 2/11/2008 |
Q: I have 21 payments left @814 its getting hard making the payments my mortgage adjusted.. what would ...
A: Besides collection attempts of the balance after auction(don't forget fees and penalties) there ...
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