 What happens when you don't pay credit card payments? |
At my previous address I had a credit card which I maxed out. Times were quite hard (I was living alone as a student) and I was only 18.
I moved house over two years ago now and have ... |
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 The amount deducted twice for a single transcation after shoping with my debit card, what shoud i do now? |
| I just shopped from Moore super marker with my debit card. There was some signal problem with the swiping machine and my card was swiped more than once, after a few attempts I got my slip and signed ... |
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 When a bankruptsy goes bad? |
when it gets dismissed what happens there after? Please response if you ever had it happen to you ...and what is put on your credit report?
Additional Details
i'm in ... |
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 How do I respond in a letter to the lawyers on the discovery, that they sent me, on my credit card debt? |
| I have a civil lawsuit against me on credit card debt. I've ask them to provide proof on debt. (Compel Discovery). They sent several copies on statements from my old credit card. Now they want ... |
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 Which Credit Cards to Close? |
| I'm working on downsizing my debt, and I've done well in my opinion over the last 8 months or so. Several of my credit cards (I know I shouldn't even have this many open) have zero ... |
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 Credit collector is threatening me a law suit, what do i have to do? |
| after I graudated, I could not find a job for months and could not pay the credit card debt, which was 9800(includig late payment and interest). It was handed over the collector, they offered me to ... |
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 Is bankruptcy right for me? |
I am really considering bankruptcy but since it is a major decision, I would really appreciate some feedback from people. Heres my situation:
1. I am 22 years old (23 in 10 days, 33 years ... |
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 Debt collector refuses to send me a receipt.? |
| I recently paid a debt in full but the debt collector says that they will not fax a receipt to me. They say the only way is for a bank or someone looking into my credit to fax them a inquary request ... |
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 Is it a good idea to pay off credit card debt by taking a withdraw from a 401k account? |
| Recently divorced, had to use credit card to buy furniture, household items, etc. I bought a house, but had to use the equity to purchase a new furnace this past winter and replace the windows. I ... |
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 I no longer use a credit card. Do I call to cancel it or do I decline calling to activate NEW replacement? |
| The replacement was sent to me because the former card expired. I have not charged anything to this card in years.... |
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 Question about BofA check card...? |
i just got my Bank of America Check Card in the mail yesterday... it has the option of both credit and debit on it... but with it, i did not recieve a PIN number.
do you even need the PIN ... |
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| Is credit card a necessity in day-to-day life??? |
| Please provide me sufficient information on why one needs credit card???... |
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 Withdrawing from an ATM? |
| Is it possible to withdraw from your checking account at an ATM that doesn't have sufficient funds? How much will it cost me to overdraft? But I have the intent paying back the bank in less ... |
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 Credit Card Numbers? |
| How can one use credit card number if I give him / her away mine without the actual card ? If you can not sweep the card at the register, my card is safe right? If not, how can I track down who is ... |
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aleANDjohn | Can we get a house even if he filed for Bankrupcy on his previous marriage? |
When I married my husband I new he had filed for Bancrupcy few years before (on his first marriage). To me Brancrupcy is something terrible but I married him because I love him for what he really is and means to me.
I would like to know our possibilities to buy a new house in the future (even if the future is 10 years from now).
My credit is not perfect either but I have never bought a house in my whole life (he did before).
Can anyone provide serious answers/suggestions regarding our situation? Recommendations and suggestions are more than welcome.
Thank you in advance! |
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Guru Sharma Prasad
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A bankruptcy stays on file for 10 years from the discharge date (the date the judge approves it and everything goes through). Since you married him AFTER he filed, that means it won't affect YOUR credit. However, if you BOTH plan to purchase a home together, his bankruptcy may impact your loan.
The best thing to do is talk to a mortgage specialist and see if they can get you a special finance loan to carry you for the remainder of the 10 years, at which point you can refinance for a better rate. If the rate is unbearable, your best bet is to wait until the bankruptcy falls off your credit report.
In any case, BOTH of you should work on getting all your other finances in line. Make sure you continue to pay any current debts. This will help improve your credit score in the long run. |
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Wilma Y
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We were in almost the same situation.. My Husband had filed bankruptcy to pay off his deceased Wife's hospital bills ( she died of cancer).. we found a mortgage Co. that was willing to work with us... he was able to clear some thing off .... Our rate is a tad high ( 8.25 ) , but they said if we made timely pmts. ( we have pd 10 days early) that in 6-8 months we could refinance at a lower rate,, keep looking for the right Mortgage co. ours was Ozark Home Mortgage... they might be able to help... There is a local office in russellville Ar. Or go online and look , there is an online Ap.... Hope this helps |
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joe m
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Because bankruptcy almost always involves 'unsecured debt', secured debt such as home mortgages and auto loans are relatively easy to come by after bankruptcy.
There are two types of mortgages, conventional (sizable down payment) and guaranteed, such as VA, FHA, Fannie Mae, etc.
The best terms (lowest rate, etc) come with conventional.
The government guarantees are generally restricted to a two year period after filing, with no interim delinquency.
Because Guaranteed Mortgages involve a higher risk, you will pay a higher rate.
Do not fall for the refinance in two years bit, rates can go up, and fees are high. So high, they can make it unwise.
But you can get a mortgage. |
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Gem
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My ex filed bankruptcy and bought a new home 3 years later with a co-signer.
Save your money, the more you have towards your down payment the more likely a bank will loan you the money.
And if you are a first time home-buyer, there are federal programs that will help you get into a home.
Just make sure you start improving your credit now, pay all bills (including utilities) on time and do not go further into debt for frivolous items.
Good luck, you should be fine. |
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Inquisitive1
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Well where do I start.... Yes you can get a loan, all lenders have eased up on the bankruptcy shown on your report, just make sure you disclose it in your application. first of all if you filed before 9/1/97 you are entitled to the 7 year statute, meaning it should fall off after 7 years. If you are in the ten year statute you will need to wait for 2 years (for a good loan with decent interest rate) and NOT be late or have any debts INCURRED AFTER your bankruptcy. If so there are other ways to deal with that. But gauranteed you have the bankrupt accounts reappearing over and over. Those accounts can confuse an underwriter so the best thing you can do for yourself is read the US Code title for bankruptcy and read the FCRA "fair credit reporting act" both can be found in the US code at www.findlaw.com choose for lawyers or "cle" and search for US Code, also your state may have other codes that trump federal codes. When you are reading these codes try to write down what you are not reading. If it is not referenced more than likely it is up for debate and not allowed. Dispute all Bankrupt debts with all three bureaus. You want to do this based on the US code and because the files are sent to the archives in Washington DC within 90 days. The archives are enormous and there is no way they can verify you dispute within 25 days. Be careful and DO NOT claim or state any bad debt for if you do you will never get rid of it. If an account has been included in Bankruptcy the company that you filed against has been told by the Bankruptcy court to cease and desist, and therefore they cannot report you to the credit bureaus, if they do they have violated the courts Automatic Stay and you may be able to sue for damages!
Hope this helps |
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Sunshine
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I had to file bankruptcy 10 years ago due to being laid-off from my job....For 7 years it was on my credit report which made it impossible for me to buy anything in my name...However my Mother was nice enough to finance my car in her name and I made the payments....Up until last year I couldn't even get a credit card in my name.....It was finally taken off my credit report when I was release from bankruptcy...Slowly I'm building my credit back.....So if you want a house you will have to apply for credit in someone else's name beside your husbands...There are places that will finance without a credit check...But you will have to have a very large down payment and your payments will be outrageous..... |
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Mom2six
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Might I suggest that you obtain the loan in your name. You can put him on the deed.
My husband and his ex-wife had a bk and were able to buy a house (remember, with enough $$ you can do anything). I wouldn't advise having credit together no loans, credit cards, auto loans.. anything until his bk drops off of his record. You don't want to be linked to his credit score ever. You can alwayss make him an authorized user for credit cards but that is it until his is clean. It will make obtaining credit cheaper for the both of you.
Where to start? Go to a credit union. If you are not a member, you can check out the ones in your local area, you'll almost alway s be able to join. Sit with a loan officer explain the situation and then move forward. If they can't give you a loan right now, at least they will give you the tools you need to obtain a conventional loan that you can afford. Another great thing about a credit union is that you have a person you can speak to face to face. It makes it more personal and less intimidating. |
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Privratnik
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It shouldn't be a problem, especially if you wait for 7 years after the bankrupcy. Your interest rates might be higher, but it shouldn't be TOO hard to get financing. |
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NONAME
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yes you can - relax |
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