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Creditors and Bankruptcy/Questions Answered by Expert David
| Subject | Date Asked |
| bankruptcy / usda | 9/16/2009 |
| Q: I will be meeting with an attorney to file chapter 7 soon but am not sure about one of my debts. I ... A: Christine- If I understand this correctly the USDA loan program is part of a critiria for ... | |
| How a chapter 13 will affect a cosigner | 9/3/2009 |
| Q: My mom cosigned a loan with my husband, and now we find ourselve having to file chapter 13. How ... A: The account will be shown as included in bankruptcy for all signers. As a result it will impact her ... | |
| voluntary car surrender | 9/2/2009 |
| Q: I am helping a friend, Rhonda, who is in debt with credit cards (about $45k) and car loans. She is ... A: Sorry to say there are not many options with the car. I would advise that she contact the first ... | |
| Lawyer Fees | 9/1/2009 |
| Q: I have not missed a payment on my mortgage yet but am so upside down that it doesn't seem feasible ... A: I am not sure what the normal cost is for that assistance but check out the home save program at ... | |
| Single or Joint filing | 8/25/2009 |
| Q: My husband and I are planning to file a joint CH 7 bankruptcy very soon. We both have low credit ... A: If you have any joint accounts you will be liable for the balances owed. Keep this in mind when ... | |
| Bankruptcy and Creditor Notification | 8/21/2009 |
| Q: Overwhelming business debts for which I provided a personal guarantee as well as a sharp drop in ... A: Charlie, I would not inform the collection agents of any ideas about BK. Google cease and desist ... | |
| Voluntary Car Repo | 8/18/2009 |
| Q: I am currently paying 778 a month for a car 150 for insurance. I have 7000 dollars in credit cards ... A: Alexi- It sounds as though you are in a very tough situation. If you have been current with your ... | |
| Any "no balance transfer fee" offers left? | 8/12/2009 |
| Q: I'm fairly sure I know the answer to this, but I wanted to see if an expert can confirm it. For ... A: Chris I only know of one website that will do a comparison of several cards. There are plenty of ... | |
| bankruptcy | 7/27/2009 |
| Q: My ex and I bought a car together. I am primary. My ex filed for bankruptcy in 2009 and reaffirmed ... A: Andi, You are correct that the system will penalize you for the BK as well. In joint accounts each ... | |
| Having repo taken off my credit after I paid to get car back? | 7/18/2009 |
| Q: My car was repossessed about a week ago. I called Nuvell Financial within 8 hours of the car being ... A: Your suspicions are correct that credit wise getting the car back will not help. The repossession ... | |
| hospital bills | 7/17/2009 |
| Q: I was in a car accident in March 2007. I was 19 and I thought I was covered under my father's car ... A: Eileen, It sounds like you only have 2 options. Ask what the most affordable payment options you ... | |
| Husband and wife credit score? | 7/16/2009 |
| Q: Boy could we use your services right now! As quick as I can...husband and I both unemployed of over ... A: I believe you are thinking the right way. It is best to save at least one persons credit if ... | |
| Having repo taken off my credit after I paid to get car back? | 7/16/2009 |
| Q: My car was repossessed about a week ago. I called Nuvell Financial within 8 hours of the car being ... A: Ronald, Though you are correct that they can remove the repo from your report it is unlikely that ... | |
| Auto loan repo and divorce | 7/15/2009 |
| Q: I have a 2003 Kia Sorento that I still owe about $10,000 on.The engine has "jumped time" and will ... A: Lynn, If the vehicle goes back they will sell it at auction for a low price and subtract that from ... | |
| Credit scores and collections | 7/15/2009 |
| Q: I have enjoyed having a credit score of between 750 and 720 for around 10 years now. I am in one of ... A: Camille, Sorry to say that 1 collection does have that impact on your score. And paying the debt ... | |
| Repo and bankruptcy. | 6/29/2009 |
| 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 ... | |
| Erroneous debt charge | 6/20/2009 |
| 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 ... | |
| credit cards / bankruptcy | 6/12/2009 |
| 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 ... | |
| Medical Debt | 6/11/2009 |
| 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 ... | |
| bk vs. foreclosure | 6/10/2009 |
| 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 ... | |
| Bankruptcy vs credit score | 6/9/2009 |
| 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 ... | |
| capital one payment plans | 6/9/2009 |
| 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 ... | |
| Old parking violations in collections | 6/8/2009 |
| 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 ... | |
| Creditor's Point of View | 6/4/2009 |
| 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. ... | |
| CHAPTER 7 | 6/2/2009 |
| 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 ... | |
| Over my head! | 5/31/2009 |
| 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 ... | |
| credit card apr increase | 5/25/2009 |
| 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 ... | |
| Garnishment | 5/24/2009 |
| 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 ... | |
| how to raise my credit score | 5/21/2009 |
| 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 ... | |
| lawsuit/court judgement | 5/21/2009 |
| 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 ... | |
| Getting 36K | 5/9/2009 |
| 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 ... | |
| multiple credit cards | 5/2/2009 |
| 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, ... | |
| credit cards | 4/30/2009 |
| 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 ... | |
| Financial planning,bankruptcy and foreclosure | 4/25/2009 |
| 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 ... | |
| how to get out of my car loan | 4/23/2009 |
| Q: I have an 05 impala. i purchased the car when i had freshly turned 18. i had no credit and nobody ... A: The only suggestion is to increase your payments until you get the original loan down enough to ... | |
| bank account after bankruptcy | 4/22/2009 |
| Q: I filed a bankruptcy last September [2008]. One of the credit cards I had was from Bank of America. ... A: Getting credit at any bank will be near impossible for several years if you do nothing to rebuild ... | |
| Building credit for immigrant | 4/21/2009 |
| Q: My husband is a permanent resident alien, living in the US for 7 years now. We would like to start ... A: Secured build credit in the exact same way as unsecured. I have recommended National City in the ... | |
| bankruptcy and low score | 4/21/2009 |
| Q: Approx. 3.5 years ago I filed for chapter 13. I completed payments and I currently have a credit ... A: You should start by obtaining your free credit reports. You can do this @ ... | |
| Credit/Score | 4/19/2009 |
| Q: Between 2003-2004, I fell behind in every bill that one would have mortgage, loan, credit cards, ... A: Betty, I really cant guess what your score is. They are many many factors to be considered. I will ... | |
| which I should do? | 4/15/2009 |
| Q: Me and a ex husband had a timeshare well he filled bankruptcy on it. Now it is reporting on my ... A: I would hold off on the BK. You can always file later if you need to. As far as credit ... | |
| which I should do? | 4/15/2009 |
| Q: Me and a ex husband had a timeshare well he filled bankruptcy on it. Now it is reporting on my ... A: This is a very tough spot to be in. I never feel good advising someone to consider bankruptcy over ... | |
| Need Help Fast | 4/8/2009 |
| Q: I got a credit card when I was in college (2006) and was not able to pay it off. I lost my job last ... A: Jackie, Credit Cards are unsecured debt. They can not take your car. It sounds like they are ... | |
| chapter 13 dismissed, discharging trustee | 4/7/2009 |
| Q: while a housewife my now x husband and i filed chapter 13. divorce judge ordered x husband to pay. ... A: Fixing your credit is not hard, it requires a little patience, some simple steps, and strong self ... | |
| Post-Bankruptcy Car loans and credit | 4/4/2009 |
| Q: I am in the process of filing for bankruptcy in the next couple of weeks unfortuantely due to ... A: Reg, With proper steps you can qualify for a good rate within a short time. These are the ... | |
| chapter 13 | 4/2/2009 |
| Q: I took the buy out from Chrysler and left work in Jan 30th of this year. I had a chapter 13 case ... A: James, I am not an expert in Bankruptcy, you should probably ask an attorney. What I can tell you ... | |
| Ch7 Bankruptcy and Auto Lease | 4/2/2009 |
| Q: I have a question about Ch7 Bankruptcy and a Auto Lease: I filed for Ch7 BK in 5/2008 and at the ... A: David, I am not an attorney so I can't speak to your options with them under the BK protection. I ... | |
| Creditor's & Bankruptcy | 4/1/2009 |
| Q: My significant other took off in 2005 leaving me very much in debt, he also took the 2001 pickup ... A: You would only be notified if you were a creditor to him. You were and are effected on any joint ... | |
| relly upside down with auto loan | 4/1/2009 |
| Q: the truck is only worth 8 maby 9 thousand and i owe about 19 on it and need a 4x4 for where i am ... A: Hey Chris, If that is the way you decide to go you should be aware of the consequences. Repo or Bk ... | |
| Bankruptcy | 3/31/2009 |
| Q: I have been divorced for over 3 years, and I just want to start over fresh, financially. If I file ... A: Donald, Creditors will go after your ex on any joint accounts. This is the inherent risk on ... | |
| Wanting to get a loan....but.... | 3/31/2009 |
| Q: I just recently printed out a copy of my free credit report from two of the agencies. My wife and I ... A: Paid collections will do nothing to raise your score. I advise that you do not update the credit ... | |
| A Co-signer's Credit | 3/30/2009 |
| Q: I know that in your profile you said you deal mostly with repairing credit, but maybe you can still ... A: The only way to not hurt the co-signers credit is to remove their name off of it. That would ... | |
| felony conviction | 3/29/2009 |
| Q: my wife was convicted of writting bad checks and was sentenced to Arkansas State Department of ... A: I am not an attorney, I help people quickly raise their credit scores. With that said, I have never ... | |
| charge off and bankruptacy | 3/23/2009 |
| Q: We filled for chapter 7 bankruptcy in 2008 and it was discharged also in 2008. I pulled my husbands ... A: You need to be very careful on this one. You can send the credit reporting agencies copies of your ... | |
| Bankruptcy | 3/19/2009 |
| Q: four years ago I filed for a chapter7 bankruptcy. I included ALL creditors. Unfortunately, when I ... A: I wish there was an easy answer for you. Short of filing law suits against all of them to ... | |
| Bankruptcy | 3/19/2009 |
| Q: four years ago I filed for a chapter7 bankruptcy. I included ALL creditors. Unfortunately, when I ... A: Jared- I would ask if you have pulled your credit reports recently to see if the creditors are ... | |
| ch 13 autos, mortgage | 3/18/2009 |
| Q: I saw an attorney today about chapter 13 and will be paying him the filing fee tomorrow. He said it ... A: Terry, If you were filing chapter 7 I would say yes, but you should call the attorney and ask since ... | |
| Credit Card Iusse | 3/17/2009 |
| Q: I hope you can give my wife and I some guidance. I applied for a credit card 4 years ago and ... A: Reading this just really fires me up. It is horrible to have this happening and it is illegal. ... | |
| paid off chapter 13 creditor still says i owe | 3/15/2009 |
| Q: I filled chapter 13 and paid everything off.I had a car loan listed in the chapter 13.Chapter 13 was ... A: Any amount that the original loan was compromised by can be reported as a charge off for 7 years. ... | |
| repo rv | 3/15/2009 |
| Q: I have a fifth wheel travel trailer that in this economy I can no longer afford to keep I want to ... A: Michael, Repo in any fashion will hurt pretty bad. It will also lead to a collection, judgement ... | |
| vehicle repo | 3/14/2009 |
| Q: My exhusband and I bought a vehicle together. We then got divorced and my exhusband kept the ... A: This is an interesting question. You'll probably want to take it to an attorney. My specialty as ... | |
| Vol Repo | 3/14/2009 |
| Q: I purchased a car 2 years ago and I was upside down at the time of purchase due to a trade in and ... A: The only options involve selling it or trading it in @ a inflated value which is reflected on the ... | |
| after bankruptcy | 3/14/2009 |
| Q: we were discharged from our bankruptcy in oct. 2008. we have no credit cards or debt to speak of ... A: I would recommend these steps to have the best odds and least trouble. 1. Register at ... | |
| Bankruptcy | 3/13/2009 |
| Q: My home building business went under leaving me with considerable debt that I was personally liable ... A: Susan, The only possibility is that it may be removed through a proper dispute process. We have ... | |
| hawaii repo | 3/10/2009 |
| Q: I needed another important question that you helped me with. If I cannot sell my car outright here ... A: You own the car and will until it is repo'd. You can take it anywhere you want too. You will not ... | |
| Voluntary repo? | 3/9/2009 |
| Q: My husband and I were in excellent financial condition several years ago, now, like many other ... A: The repo will probably result in a 100 point drop in his credit. After that you'll have to deal ... | |
| Credit Card Companies | 3/8/2009 |
| Q: I wonder if you could offer a timeline as to 1. when you miss your first payment on a credit card , ... A: 1. calls begin as soon as you are late. 2. Turned over to collections department/ sold to collection ... | |
| creditors/bankruptcy/ | 3/8/2009 |
| Q: I have been combing your site and thank you for your efforts. Our story is the same as many ... A: Crystal, Most of these questions should be answered by your attorney. In my experience the ... | |
| Possible repo in Hawaii | 3/8/2009 |
| Q: I purchased a chrysler pt cruser in 2006 in Hawaii. I lost my job because of the recession. I don’t ... A: leilani, Many lenders are affording debt repayment options now including auto lenders. One of my ... | |
| creditors | 3/7/2009 |
| Q: Is it legal for the credit union that I have my car loan with to send me to the creditors 30 days ... A: They can report you 1 day after the due date if they want too. Most lenders offer a 15-30 day grace ... | |
| debt forgiveness affect on credit score | 3/5/2009 |
| Q: My wife has a dept store credit card with $2,800 balance. She asked about a payoff settlement. They ... A: Yes it will be significant for about a year and it will gradually lessen. She'll probably drop 60 ... | |
| Bankruptcy | 3/3/2009 |
| Q: If I file bankruptcy after the Foreclosure process has been stared. Will the account be reported on ... A: Your credit report will record all thew negative activity for 7-15 years depending on the item. ... | |
| Bankruptcy | 3/2/2009 |
| Q: If I file bankruptcy after the Foreclosure process has been stared. Will the account be reported on ... A: Both. Don't overthink it. Once you get to the point of needing BK protection your credit is ... | |
| Chapter 7 Dismissal | 2/26/2009 |
| Q: In December 2006 I filed a chapter7 and it was dismissed in January 2007. My credit has been ... A: taking 2 steps will greatly increase your score. 1. Go to www.financialscoringsolutions.com and ... | |
| How will voluntary repo after auto was discharged affect my credit? | 2/25/2009 |
| Q: I filed bankruptcy in 2004, and my Dodge van was included. I have continued to make payments of $400 ... A: Anita, It will lower your credit and continue to effect you for about 7 years. There are steps you ... | |
| Voluntary surrender, divorce and bk | 2/24/2009 |
| Q: I am currently going through a divorce and have a 2006 Tahoe that I can't afford. I want to ... A: Kathleen, Your husband will have his credit effected and be held responsibly for the debt as long ... | |
| bankruptcy | 2/23/2009 |
| Q: i was thinking about filling for bankruptcy because i cannot pay my bills due to unemployment. but ... A: je, I am not a BK attorney. The cost will vary greatly from attorney to attorney. It also makes a ... | |
| Old hospital bills | 2/23/2009 |
| Q: I have two unpaid hospital bills one is almost $18,000 and it's been in collections for about 7 ... A: Before you negotiate a payoff research what the statute of limitations on collection in your state. ... | |
| credit card debt | 2/21/2009 |
| Q: first thanks for providing this service. I have a lot of credit card debt acquired during the start ... A: Your welcome. Each card will be different. They are a lot easier to negotiate a payoff with than ... | |
| unpaid bill still reported dispite discharged bankruptcy | 2/21/2009 |
| Q: I filed bankruptcy in 2003 in the state of Washington and was discharged the same year. One of the ... A: LaVeta, It is true that the account will appear showing the BK for 10 years. Your best bet is to ... | |
| credit card debt | 2/20/2009 |
| Q: first thanks for providing this service. I have a lot of credit card debt acquired during the start ... A: Gary, I'll give you a brief overview of how CC collection generally works. You can download the ... | |
| credit card advances and BK-7 | 2/11/2009 |
| Q: I was victim of an 80% drop in income and job loss in the past 3 years. I've been using credit card ... A: Chris, The trustee may hold you responsible for debt incurred within 90 days of filing. Just wait ... | |
| bankrupcy after shortsale | 1/22/2009 |
| Q: I have a house that was left to me in a Divorce in Florida that is being shortsaled after 2 years on ... A: Tracy- This question is definitely very detailed. I'd like to point out that I specialize in credit ... | |
| Being Sued by Credit Card | 1/17/2009 |
| Q: I just received notice that I'm being sued by my credit card company for $2600. I wish I could pay ... A: Cherie, sounds like you have a lot going on here. If I were in your shoes the Credit cards would be ... | |
| REPO/BANKRUPTCY HOLE!! | 1/15/2009 |
| Q: .. i am in a huge whole in desperate need of your advice. i am 22 yrs old and in june 2008 i leased ... A: Yani- It sounds like quite a situation. Unfortunately your mother's position as the primary loan ... | |
| truck and atv | 1/15/2009 |
| Q: i have recently sold my pick up and 4 wheeler to my brother to help get money together to file and ... A: Stacey, Ideally if you sold them they would need to be properly titled in the new owners name. ... | |
| Question about effect of bankruptcy and car repo on credit | 1/12/2009 |
| Q: I am writing you on behalf of my father. He is 60 years old, and recently became unemployed, and ... A: Good question, I don't here this one very often. Your father is correct to an extent. Car lenders ... | |
| Charge off | 1/2/2009 |
| Q: What does the term "charge off" mean? What is its significance? A: 0ver 120 days past due. It can lower your score significantly. Hurts the most the first year, but ... | |
| bk | 12/30/2008 |
| Q: I am paying on 2 homes. One is in california and has 2 loans. One is a line of credit. $65,000 on ... A: You are definitely in a hard spot. The first step is to talk to an attorney and see which type of ... | |
| Restoring credit after bankruptcy | 12/22/2008 |
| Q: I recently had a bankruptcy discharged. It was not due to mismanagement of credit on my part -- the ... A: Sheryl, It is easier to raise your credit score if you are willing to use credit cards along with ... | |
| corporate credit card qualifications | 12/19/2008 |
| Q: I am an employee of a large corporation and they have just now required we have their corporate ... A: Can't tell you what your company will do. It is up to their discretion. Amex will not give you the ... | |
| Loans | 12/18/2008 |
| Q: I have this problem. I'm 27 years old and I have about $10000 credit card debt and also about $10000 ... A: You can't go to jai for not paying back your debt. You could eventually end up with wage ... | |
| credit | 12/17/2008 |
| Q: Im 21 years old and I have a debit card through my bank. For my job and no credit history mainly ... A: To have a big impact on your score you'll want to have at least 4 reportable lines. You can use ... | |
| Ex-Boyfriend Is Ruining My Credit | 12/16/2008 |
| Q: I put a car in my name for my boyfriend, at the time. He was making the monthly payments, but he ... A: Absolutely take him to court. Take photos and keep any records you have. Get signed affidavits ... | |
| financing a car | 12/13/2008 |
| Q: our bankruptcy was discharged in oct. we are senior citizens, and now are in great need of a ... A: Nancy, In my experience a Ford Motor Credit loan is the easiest dealer to get credit with after bk ... | |
| credit cards | 12/11/2008 |
| Q: what is the best way to raise my credit score with credit cards? should i make the minimum payment ... A: The best way is to use cards issued by mainstream banks...CITI, Chase, Discover, AMEX Pay off each ... | |
| Getting rid of credit card | 12/11/2008 |
| Q: I have 2 credit cards. The first one i have a balance of almost $3,000, and the second one I don't ... A: You'll have to decide what to do with the card for yourself, but i will give you the relevent info ... | |
| credit cards | 12/10/2008 |
| Q: I have a few brief questions: 1)Does upgrading a Credit Card hurt your credit score? 2)How do I ... A: q.)Does upgrading a Credit Card hurt your credit score? a.)A small percentage of your credit score ... | |
| repo | 12/7/2008 |
| Q: I cant afford my car payments anymore. I heard about legal loopholes and stuff .Where you can get ... A: Caleb, If the dealer auctions your car for less than you owe...probably will...you will still owe ... | |
| Trying to understand charge offs | 12/2/2008 |
| Q: how can a company accept payment after charge off has been posted to credit report A: Charge off just means the debt is past 120 days and the company is positioning itself so it can take ... | |
| Foreclosure vs Bankruptcy, SBA Lein on Home | 11/30/2008 |
| Q: We have no difficulties with all of our personal debt and have very secure jobs. We own our home and ... A: sounds like you have some big decisions to look at. I advise you consider all options before making ... | |
| Going into Chapter 13 | 11/26/2008 |
| Q: need to go into it fast. Once I visit the attorney and pay the required deposit How long it takes ... A: The protection from BK is immediate. Life after BK isn't too bad if you take some simple steps to ... | |
| Collection Account on my Credit Report | 11/20/2008 |
| Q: When I purchased my house over a year and a half ago, I had very good credit. I just checked my ... A: Anita, In my experience there are very few collection agencies that will remove the mark. If you ... | |
| Car Repossession after divorce | 11/18/2008 |
| Q: Last December my wife and I were divorced in Washington, D.C. In the divorce decree, a car we had ... A: Dave This situation may have an easy solution. By contacting the lender and providing them a copy ... | |
| Credit Score | 11/18/2008 |
| Q: I filed for bankruptcy 11/04 and paid off the case 1/06 which was early and the case was discharged ... A: Richard- I assume your filing was under chapter 13 since you mentioned the wage earner plan. If ... | |
| what bankruptcy covers | 11/18/2008 |
| Q: I have a debt of about $10,000 from an auto accident (property damage only) and owe over$3,000 to ... A: As much as I wish I could get that detailed with you, I'll have to recommend you speak to a BK ... | |
| personal loans and bankruptcy | 11/17/2008 |
| Q: My (now) ex owes me a substantial amount of money that I lent to him. Since we just broke up today, ... A: Amina- Yes, we typically use the initials BK to represent the word bankruptcy. As far as taking ... | |
| personal loans and bankruptcy | 11/17/2008 |
| Q: My (now) ex owes me a substantial amount of money that I lent to him. Since we just broke up today, ... A: Sorry, but the answer is yes. Personal loans are included as long as they were not taken with the ... | |
| cosigning and bankruptcy | 11/13/2008 |
| Q: we cosigned for our son a loan to purchase a franchise with training. The business has not been ... A: If he files BK the creditor has the right to collect from the co-signer. The only advice I can ... | |
| hOW MUCH LONGER WILL MY BANKRUPTCY BE ON MY CREDIT REPORT? | 11/11/2008 |
| Q: I want to thank you in advance for any helpful info you can give me. I filed bankruptcy in ... A: Tammy- After carefully searching we have the same answer of 10 years. To be 100 percent sure I ... | |
| Car Repossession removed from Credit Report | 11/10/2008 |
| Q: On Sept 18th of this year my wife's car was repossessed. We had only two payments left. I had a ... A: Jim, Many times departments fail to communicate with each other inside of large companies. Sounds ... | |
| In debt, low income, weighing options | 10/31/2008 |
| Q: I am falling very far behind on my bills and it looks like something has to give, I no longer have ... A: Josh, If I were you I would consult a bankruptcy attorney. You should recognize that ... | |
| Paid Auto Loan chargeoff | 10/29/2008 |
| Q: I bought a car 2 yrs ago that turned out to be a lemon and the dealer could never find anything ... A: Lynda, A charge off,judgement or collection all effect your credit score the same way whether it ... | |
| Credit Repair and Financial Distress | 10/28/2008 |
| Q: I recently divorced and would like to know whether or not the items that are on my credit report ... A: The only help you can get with debt relief that I am aware of would be bankruptcy. Keep in mind ... | |
| short sale on a credit report | 10/22/2008 |
| Q: After finally closing my Ohio property in a short sale from hell, I ordered up all three copies of ... A: Hey Greg, Bad credit is bad credit. Almost everything is score based nowadays. Less than 700 and ... | |
| Repo | 10/21/2008 |
| Q: I am wondering what the ramifications are of a voluntary repossession? I have left the country and ... A: I can help you clean your credit up, but nothing short of bankruptcy will get rid of the debt left ... | |
| bankruptsy | 10/21/2008 |
| Q: If I FILE FOR BANKRUPTSY ON CREDIT CARDS WITH ONLY MY NAME ON THEM, CAN THEY TAKE OUR HOUSR? A: When you file for BK you have to include all debts in your name. If your name is on the mortgage it ... | |
| Debt Consolidation/Bankruptcy? | 10/19/2008 |
| Q: my family is in a big financial crisis. Due to long-term unemployment this year we could no longer ... A: My heart goes out to you. My first instinct is to tell you to run, not walk, toward bankruptcy. It ... | |
| Deficiency Judgement | 10/16/2008 |
| Q: We own a 2007 Yukon that in the current market is worth about 1/3 what is owed on it. We are ... A: Serena, The lender will not be able to lien your home. They will be able to get a judgement and ... | |
| judgement vs bankruptcy | 10/14/2008 |
| Q: I need help...I have 5 credit cards and I owe appx 63K between all of them. I have perfect credit ... A: Ok. It seems that you are correct in that it would be difficult for the CC to collect, but they can ... | |
| Judgement on my Credit. | 10/13/2008 |
| Q: I have a judgement on my credit for $1300 dollars, they said that they sent me two letters to notify ... A: Andra, They are supposed to notify you, but proving that they did not is close to impossible. And ... | |
| credit score | 10/11/2008 |
| Q: What is an excessive amount of credit inquiries to have in a given amount of time and how much does ... A: The average American has 1 per year. Keep in mind that includes seniors and children. I usually ... | |
| credit score | 10/6/2008 |
| Q: I have heard so much conflicting info on credit scores & credit rating. I actually have 2 ??'s. How ... A: Brian. The best place to get your score is www.myfico.com/12 They generate the fico score that ... | |
| credit report | 10/4/2008 |
| Q: I have been trying to keep track of my credit scores so i can better myself and my credit..I am ... A: Once an account goes derogatory it stays there for 7 years or longer. It is possible to fix or ... | |
| co-signer | 10/1/2008 |
| Q: I was a co-signer w/ my boyfriend. We went to deposit the money for the payment at the bank. the ... A: TY, I can explain the dispute process to you. That is your only chance of getting the judgement ... | |
| Bankruptcy and Foreclosure | 9/30/2008 |
| Q: Due to a business failure I am forced to file chapter 7 bankruptcy. It is also possible that I will ... A: Jim, The good news is that recovery from the Bk is completely possible. You can have a 700+ credit ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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. ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
| 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 ... | |
Creditors and Bankruptcy
Answers by Expert:
David
Top Expert on this page
Expertise
I can help answer questions on how to raise credit scores. I can educate you on all areas of credit scoring. My specialty is helping people recover from Bankruptcy and low credit scores quickly.
Experience
I own a credit repair company and have helped hundreds of my clients raise their scores to purchase homes, cars and qualify for other loans.
Education/Credentials
My background is in Financial planning.
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