 Can a second signor on a credit card be held responsible for unpaid balance? |
| My husband had a credit card in his own name that i knew nothing about. He addes me as a secondary signor on the actt, also without me knowing. We since were divorced and both responsible for our ... |
|
 How do a person clear up there debt? |
| How do a person get good credit .... |
|
 What does "going legal" mean when you haven't been able to make a payment on a lease? |
| I'm 4 months behind on my GMAC lease today (due to medical problems). I called them today and they said if I don't give them at least 2 months payments, they will "go legal". I ... |
|
 How do i get ride of my bad credit rating? |
| I had a phone bill under my name but it was my sisters phone and she forgot about the bill and now i have a bad credit rating and need to get it off my name asap!!... |
|
 When you buy items over the phone and pay with your credit/debit card....? |
| ....the person/company that takes your card details,do they keep the details of your card on their files/computers or are they obliged to delete/destroy your details after the items have been bought?... |
|
 How long should I wait to offer settlement to my creditcards in order to get the best deal, after Charged off. |
| Owe around 80K, average of 10-15 K on each, Is it likley they all will sue? It has been over one year since I made last payment. I can try to borrow from family. What kind of a deal can I get for ... |
|
 How can you fix your credit yourself without paying someone else to fix it for you? |
| looking for a way to fix my credit without paying a credit repair company to to do ... |
|
 Is my mother allowed to look up my credit history with out me knowing? |
my mother 2days ago requested a free credit check... she lied online and she pretened to be me online so she could see my credit. is this allowed since she lied without my permission???
... |
|
 Is there anyway to erase credit inquires that you have on your credit report? |
| When you apply for a loan or credit card, the creditor appears on your credit report. Is there anway to erase those inquires?... |
|
 I need a $15,000 loan Can anyone help? |
| I am divorced and was left with a debt that I need to payoff because the monthly payment is high as is the interest. My ex also took my 3 daughters and my bed and other furniture when he left. My ... |
|
 Auto Loan w/ bad credit? |
| I am in need of a new car, as my current vehicle is gasping for life. I need to work out some financing, but have a problem: in my first year in college, I couldn't afford all my expenses due to ... |
|
| Refinance,let the car go back or trade it in? |
| I bought a 2006 honda civic ex a year ago my payments are over 500 a month (i had bad credit) I have paid on time for over a year. my problem is I can no longer afford the payments. I love my car but ... |
|
 Are you sure creditors can not do anything to you ?, ref. to answer by Wilfred? |
| Surely they can take court action, use collection agencies or threaten to send bailiffs to seize your assets, etc.... |
|
 I have a good credit score, why can I not get a mobile contract? |
| I have just checked my credit score through experian and it is 857 out of 1000. Yet I cannot get a mobile contract through any network service provider. Why could this be? I am not on the electoral ... |
|
 Credit counseling and/or debt management companies? |
| Does anybody have experience with dealing with them? How do they work and can debt that has been charged off be negotiated? Thanks!... |
|
 ATM Withdrawal with my Capital One Credit Card? |
| I recently recieved, and activated, my Capital One Platinum Visa credit card. One quick question I had, for anybody who knows, if I were to go to my bank's local drive-thru ATM, would I be able ... |
|
|  |
LiL Jimmy | $ 20,000 in credit card debt do you recommend I file Ch. 7 bankruptcy??? |
I had 14 different credit cards charged off 2 years ago for a combined $20,000. The statute of limitations in CA. is 4 yrs so after 2 yrs i finally got a letter from an attorney threatening Litigation for one of the accounts of $4,000. Should I just file ch. 7 BK because if I pay this account I still got 13 other accounts to worry about ?
BTW I only work part-time & berly support myself & dont have any assets so i dont want to get garnished.. |
 |
 
Studly
|
I love answers like Scotts.
You have 14 negative items on your credit report, and soon will have some judgments. Scot is worried about how your credit will look with a bankruptcy on it?
Your current problem is to stop the judgments, and bankruptcy will do that. Your problem now is coming up with the $1500 to cover the filing costs. |
|
SlimMick
 |
Filing for Chapter 7 is a difficult decision to make......
Based upon what you wrote, it sounds like Chapter 7 might be your best bet...However, one option is to use this as a tactic for dealing with your creditors. If they are going to threaten litigation then you can threaten filing for BK....You might be able to get a substantial settlement of this $4K debt...i.e....$700...for example....Be forewarned that they might respond to this by serving you a summons and taking you to court....In this case you should probably file.
If it's just this one creditor coming after you, try to get a settlement deal. Be sure to get all terms in writing prior to paying. Never give a debt collector direct access to your bank account. If you have multiple creditors threatening litigation, you should probably file for Chapter 7.
FYI: If you file for Chapter 7.....make sure that you and your dependents are fully covered with health insurance. An expensive medical emergency without insurance after filing for Chapter 7 would be a catastrophe...i.e....an emergency appendectomy + two nights in the hospital could easily be $25,000 |
|
S P
 |
Bankruptcy is on your credit report for 10 years. What you need to do is contact a local qualified attorney and bring all of your paperwork (bills, last 4 yrs taxes, pay stubs for last 6 months), and see if you can get in to see an attorney that will see you for a free consultation. Call a few in your phonebook and tell them what you are needing to discuss. While the attorneys can send you demands and tell you they are going to sue, yes, they can and will, bankruptcy will stop them dead in their tracks. I don't advise it, but with the debt you have and the part time income, you have no means to pay this back. If nothing is done, you will be sued, garnished and this won't stop until you don't have a dime. Once you find an attorney, they will work with you to give you options on what to pay and not pay so you can at least pay the retainer fee they are going to want in full to file your bankruptcy. So, get off the internet, make a few calls, and see if you can get life back in order. Learn from mistakes, and make life brighter and get that fresh start! If you do in fact file....learn from it and make things better for your future!
Good Luck!!! |
|
Jennifer
 |
Hi,
I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It's legitimate. I came across this company on NBC News Special Edition.Check it out here:
http://nanoref.com/linksynerg/oljMwQ |
|
Jennifer M
 |
I would try to find some cash ( mom, dad, aunt, ect.) and file for bankruptcy. Your credit is already screwed and will be for a long time. Go ahead and file and then your bankruptcy will be on your credit for about 7 years. After it is gone open up a few department store cards ( they give credit to almost anyone) and slowly build your credit that way. If you do not file bankruptcy before you are forced to go to Litigation then you will be in even more trouble. You can have a judgment put against you that will not only garnish your wages now, but anything in the future. If you where to purchase a home years down the road ( or even inherit one) it could have a lien put against it. Do yourself a favor and file. You can also put a statement on your credit report about why your had to file, like no employment or medical reasons, etc. Best of luck and I hope I was able to help some. |
|
Ervin
|
I think you should contact a debt counseling company before filling bankruptcy as they are the experts in this field they can suggest you with a solution to payoff your debts.
As bankruptcy will remain on your credit report for mare than 10 years and if the individual is listed as having filed for bankruptcy, it results in a 160-220 point deduction on their credit score and if a delinquent account is added to the individuals credit file, 70-120 points are subtracted. During the period of bankruptcy and after bankruptcy you would face difficulty in getting loan, purchasing and leasing and building your credit.
Here is the source of a debt counseling company for your reference: http://ezconsolidation.com |
|
Crazyjester9
|
Thank God we got people like Studly and Slimick who come here and help people while discrediting those "high and mighty" posters.
There really isn't much I can add to their answers, except that if you do your homework before, during and after you file...you can have respectable credit in 1-2 years. You might visit LifeAfterBankruptcy.com and read some of their FREE (aka...not spam) newsletters. |
|
chessmaster_ultra2004
|
I suggest making a settlement on all your debts, bankruptcy will be on file for 7 years and will definitely be not worth it in this scenario. |
|
scott A
|
wow, how did you dig youself so deep. i would never reccomend bankruptcy and suggest you pay your debts. bankruptcy however will erase all of that but will be on your record for many years. |
|
Peilthetraveler
|
You spent 20k and have nothing to show for it? If you are going to steal the banks (a.k.a. Credit cards) money, you should have at least bought something to show for ruining your credit for the next 10 years. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 11 minutes(s) ago
| | | |
9 | 39 minutes(s) ago
| | | |
9 | 52 minutes(s) ago
| | | |
10 | 3 hour(s) ago
| | | |
10 | 4 hour(s) ago
| | | |
2 | 5 hour(s) ago
| | | |
9 | 7 hour(s) ago
| | | |
7 | 9 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
10 | 1 day(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
