 Bankruptcy .......I need help please : (? |
| I have a huge bad debts that mount up over the years. I am in really bad shape and every month I'm just servicing the minimum sum for over 10 credit cards and 5 overdraft facility. Am at the ... |
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| If someone dies and they have a lot of debt, can creditors go after that person's children to collect? |
Is there something that should be done as a child of the deceased to protect your credit, assets, savings, etc?
Additional Details
The deceased was not married, but had a live in ... |
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 Debt settlement or bankruptcy? |
| Just finished school, and right now i cant pay all my bills, my credit sucks, and not sure what i should do. Is it better to do debt settlement, or bankruptcy, or just like the bills continue to go ... |
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 Why was my credit score lowered? |
My credit score was not perfect because I had "TOO MANY INQUIRIES W/IN THE PAST 12MOS".
I don't get it, I have not applied for credit cards, so who would be inquiring? & how ... |
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 What is the best card for me, AMEX or visa? |
| Im gonna be going to college and which one has the best rewards and cheapest to ... |
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 I'm 21 and need to build credit? |
I'd like to build some credit. As of now I have a checking account and have had a phone contract since I was 16.
What else can I do to build credit? I know a credit card... but I'... |
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 Which is the BEST credit card to use to get the most rewards points? |
| also would like to be linked to a frequent flyer program and have a high limit as for company use...... |
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 What is the best Credit Card for a college student? |
| I am a college student trying to establish credit and am looking for a card with a low fixed interest rate. I don't know where to look because there are so many choices out there. Are there any ... |
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 What would be the best prepaid credit/debit card? |
I don't like carrying around actual money so instead, I carry my debit card. I am terrible with money, I keep spending it so I need to limit myself.
What would be the best prepaid ... |
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 Will cancelling bank account stop ACH payment without NSF fee? |
| I have two payees that want to hit my bank account for an ACH payments. The payments are in dispute where they say I owe them and I say that I do not. The payees had been previously authorized to ... |
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 Can an 18 year old with no credit get a car loan with no co-signer.? |
| He has worked the same job for a year and makes $900 a month. Besides "buy here pay here" are there any auto loans avaiable?... |
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 Question about an old collection acccount? |
| Yesterday I pulled my credit reports from all three bureaus and discovered that on one report there was an old collection account. I called the collection agency and discovered that it was for an ... |
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 Can you help me understand some credit questions I have? |
I need to hear from people who've experienced good or bad credit on their credit cards.
-What is the value of a good credit score when it comes to life? Things such as buying a car.
-A... |
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 How to build a good credit score? |
| I have no credit what so ever. I've tried to apply for credit cards, but been rejected from all. So how am I supposed to build a good credit score if I can't have a credit card? What can I ... |
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 My visa check/debit card? |
ok so i was at walmart ready to buy a videogame today..
it was $130 when my account only has like $20, but i thought it would go through and i can pay at the end of the month.
so i swipe ... |
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anonymoususer987876 | How many points does a credit score drop when you file bankruptcy? |
what other impact does it have on credit? |
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rlanicek
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There are some really silly answers here.
Nothing happens to your credit score when you file bankruptcy. Your credit score will start to decline when your creditors report that your debts are not being paid. The damage has probably already been done.
I've seen people come out of BK with 650+ credit scores.
You can qualify for a mortgage as soon as one day after discharge. Mortgage lenders completely disregard your BK after two years.
There is no advantage to you by filing Ch 13 instead of Ch 7. Your credit will be just as damaged and you'll be in hell making those payments for years. File Ch 7 and get it over with.
Rick Lanicek
www.homepropertysolutions.com |
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mydsrtroz
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It is different for each case, depending on what chapter you file, your lawyer should be capable of answering, plus if you go on-line to experian.com they have links with information regarding credit scores, what affects them and how to rebuild you credit. Also rd.com has tons of financial info as well. |
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henry315_ny
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I agree with Jeepguy....If you can afford to work out some type of payment plan, then definitely go that route. Filing bankruptcy is committing financial suicide. They tell you that it stays on your credit for 7 to 10 years but in actuallity, it can stay on indefinitely. With new laws that went into effect last year, banks can work around that 7 to10 year stipulation by using clever wording and phrases that meet the criteria of the law while at the same time screwing you for many more than 7 to 10 years, maybe even for life. It's a new era now...banks are calling all the shots and even influencing lawmakers to write or change the laws to suit them. It's the only legal way they have of making you pay for bailing out on them.
So, even if it takes you a few years to pay off what you now owe, at least you can take some satisfaction that within 5 to 7 years after you've paid all parties involved, all of those negative references like discharges, collections, delinquent, etc. WILL be removed from your profile without a doubt. No question about that.
Sometimes it pays to do the right thing and take the long route:) |
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pn1500
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I totally agree with rlanicek, I filed bankruptcy last year and my credit score is in the mid 600's. It's been a year, and I have been approved for different credit lines (not too many), which has helped my credit score. Bankruptcy is not the worst thing to have on your credit report. You credit CAN recover from a bankruptcy! |
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Just Me
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I agree with Rick....I know a lady now who has a 725 (average/3) and she's 19 Month's out of a BK |
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pharaoh_01
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It drops through the floor. you can expect about a 40-60% drop. If you can avoid it, then do, because it's about the worst thing next to a forclosure you can do to your credit. |
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Big R
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the bankruptcy will last on your public record for 10 YEARS , also for get about try to buy anything, car, house, credit card etc.....
click here for some info ~!
http://www.wiw.uscourts.gov/bankruptcy/Bankruptcy_Info.htm |
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CowboyBill
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When you file bankruptcy you don't even need to worry about a stupid credit score for at least three years. |
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sanangel
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i have heard from family members that has filed bankruptcy that you have to wait 7 years before you can get credit again...and some places it is hard if you have filed bankruptcy before... |
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travelguruette
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You will have no credit score. |
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