 In financial ruins....please advise? |
| No excuses, I probably have the worst credit history ever. Credit company has summoned me to court for past due bill. 5 to 6 yrs old. Court date not until Feb '07. Is there any way I can ... |
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 Do you cancel a card that has been paid off especially if it has a high interest rate? |
| example: to pay off credit card you should payoff the one with the highest interest rate. This advice was on Yahoo finacial page, but it did not say what to do with the card after it was paid off. I ... |
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 Am I responsible for my fiances credit card debt after we marry? |
| I am currently engaged to a man who has ran into a lot of financial problems. He is trying to get out of debt however, I am concerned I will be held responsible for his previous debts once we are ... |
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 What's better to pay off car loan faster? |
| Is it better to put money in a savings account until you reach the amount that you owe on your car.. then pay it off.. Or is it better to just pay over your minumum payment each month?... |
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 You always see credit cards for people with bad credit, but what about if you have AWESOME credit? |
| We are constantly seeing credit cards and loans directed at people with no or bad credit. What about cards for people with an 800+ credit score? What cards are most attractive for people with good ... |
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 How can I build credit if no one wants to give me credit? |
| I have been trying to apply for the past couple years at various places like, Walmart, Target, Dillards, Macy's, Best Buy, couple of gas credit cards and even local furniture stores. They all ... |
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 I claimed bankruptcy 10 years ago, can I get a personal loan? |
| I haven't gotten a credit card either. When I go for the personal loan, do I still need to say Yes, I claimed bankruptcy? Even though it has been 10 years?... |
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| I just got a bill in the mail.....(collections)#? |
and it is from a cell phione company saying i owe them 250.00
i had a phone about 4 years ago from them but it as pay as you go....and i have not had the phone in about 4 years...its long ... |
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 How can i check my credit ? |
this is the situation:
i got divorce last year and i restored my last name with my maiden name.
the problem is that i dont own a credit card or a bank account and ive been having problems ... |
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 Should i get a credit card to pay off my bills? |
| I have a hospital bill that i havent paid on yet that i was summons to court for ($2000), i have a credit card bill that is deliquent ($2000) and im also getting close to bein late on my loan ($2500),... |
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 I am thinking about getting a loan using a loan shark? |
anyone have any thoughts about loan sharks? any good ones around at all?
i know its not the best think to do but we need the extra cash right ... |
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 Wher ecan i get a 90,000 loan ? |
i need to fnd a personal loan for up to90,000
Additional Details
i have tried at a bank but my credit is not good ... |
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 Is a credit score of 674 good for a 20 year old college student? |
| I have 2 credit cards, the one has a balance of $0 and the other has a balance of $900.... |
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| What is the FASTEST way to build up good credit? |
| Is it the higher the amount I purchase and the more i pay per month ? Or is it just the fact of paying regulary?... |
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letil2000 | How long does it take to clear a Bankrupcy? |
Hey there, I declared bankrupcy in 2004 how long will it clear ..meaning out of your credit history ?? I heard 7 years and also 10 years ..does anyone know? THANKS
Additional Details
OOPS sorry I am in California |
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Studly
|
I love all these people who guess at the answers, and just can't take a few moments to research.
Check out the Fair Credit Reporting Act....it says Chapter 7's remain for 10 years, starting on the filing date. Chapter 13's are on for 7 years. |
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cmott1972
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I declared Ch. 7 in 2001 in Maryland - it's still on my credit report - I'm told it's 10 years. But that didn't stop me from being able to get a couple credit cards to start building my credit back up, and just this year, I was finally approved for a car loan. |
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gum s
 |
How to Improve Your Credit Rating After Bankruptcy
Bad credit and bankruptcy are the two most dreaded words in the financial world. These two things can
greatly impact your financial situation. But what you are not aware of is the fact that you can improve your
credit rating after bankruptcy.Your credit rating and bankruptcy ... |
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DaMan
|
Unbelievably, Studly is wrong.
According to the Fair Credit Reporting Act, Section 605(a)(1) permits a consumer reporting agency to report the following information for up to ten years:
"Cases under Title 11 [United States Code] or under the Bankruptcy Act that, from the date of entry of the order for relief or the date of adjudication, as the case may be, antedate the report by more than 10 years."
Now, in order to show why Studly is wrong,
Title 11 comes under "The Code of the Laws of the United States of America" and specifically refers to Bankruptcy.
Housed under Title 11--Bankruptcy are sections referring to
Chapter 7 -- Liquidation;
Chapter 11 -- Reorganization; and
Chapter 13 -- Adjustments of Debts of an Individual with Regular Income.
As such, any of these bankruptcy filings may be reported for up to 10 years in accordance with Section 605(a)(1) of the Fair Credit Reporting Act! |
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itsallaboutobama
 |
10 years but after 3-4 years you can start applying for a sub-prime credit card with people like Orchard...to rebuild credit.
As a mortgage broker...i can tell you that with a clear plan and a little luck you can start rebuilding your credit while you wait the 10years for your bankrupcy to dissapear out of your credit report. Remember bankrupcy only makes it hard to get credit cards which in turn helps you get credit FICO increases over time if managed correctly
NOW---I've seen someone who filed for bankrupcy 5 years ago and manage to get their FICOs up to the high 600s---it is possible to get a A-paper interest rate.....YES IT IS POSSIBLE BUT NEVER FAIL TO MAKE A PAYMENT WHILE THOSE TEN YEARS YOU WAIT FOR THE BANKRUPCY TO GO AWAY |
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Christian93
|
Chapter 13 stays on for 7 years from the date filed; Chapter 7 stay on for 10 years from the date filed.
They have to abide by federal rules. |
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michaelyoung_airforce
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you heard right. it is 7-10 years |
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lisapj
 |
We also heard 7 years and yet when we went to buy a house they used it against us. I think it is 10 even though if you ask banks and creditors they will say 7. |
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Bre
|
doesn't it depend on what chapter you filed? i have heard 7 or 10 years as well but you should check with someone else besides on yahoo! answers!! |
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the_blue_martini_69
|
7 yrs but in the mean time u can u get a credit card and use it for small amounts to work ur credit back up thats what my friend did when he went bankrupt he got a lawyer and thats what he said |
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justmeandmyboy
|
depends on the state |
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projectmgr04
 |
It will take 10 years no matter where you live in the United States |
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bisma a
 |
very long |
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mykidsRmylife
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At least 10 years. From time to time, it will remain apparent on your credit report for longer. |
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Bugaisha
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7 years in California... |
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