 How do I know whats wrong with my credit? |
| I am 19 years old and I haev tried to get some credit facilities since I was 18. I decided to get a copy of my credit file because I have been refused credit. But the funny thing is, I got 3 credit ... |
|
 Credit Card question.? |
have a Sony Financial Services Card, (just like a MasterCard...)and I was wondering if I didn't buy anything on it for a couple of months, or years, would they charge me?
And, If you ... |
|
 Has ANYONE ever opened a bank account over the PHONE? |
| I've been wanting to try but I'm afraid that they'd reject me. Has anyone ever been turned down for a bank account and if so, why?... |
|
 Could I get a loan on a house for 11,000 down? |
| Ok if I had good credit the answer would be simple. Though I dont know my credit score exactly affraid to look lol, I know it cant be great I owe like 12,000 in doctor bills, 2,500 in past due rent, ... |
|
 Is it better to pay off a credit card in full each month or pay the minimum balance? |
| is it better to pay off a credit card in full each month or pay the minimum balance which 1 will help my credit the ... |
|
 I have terrible credit and can't even get a basic bank account but need one for when i get ajob?? |
Any suggestions is there a bank acocunt for people with adverse credit that doesnt cost anything or isn't too expensive?
Additional Details
I don't owe any money to the banks ... |
|
 What does this mean? |
Acredit card company sent me a card. The credit limit is 300.00. They charged me 178.00 for the card. So, now my limit is 122.00 What's that all about? That's crazy.
A... |
|
 What is the best way to pay off these two credit cards? |
| I have 29K in credit card debt, with 29.9% interest on both. If I get 15k cash given to me, would it be better to pay off one card or pay each one down half way? Please let me know, I'm ... |
|
 Can you really gget crimally procuted by ...? |
not being able to pay back credit cards i am on a fixed income and got overwalmed and now whats going to happend to me
Additional Details
i did tell them my income was higher than it was ... |
|
 I have really bad credit, does anyone know where i can get a credit card? |
| My empirica score is around a 520? PLease let me know if you have any ideas, I would like to rebuild my credit.... |
|
| My pay is being garnished for a student loan.Now the bank is too because of a auto loan.Is this legal? |
| I get garnished for 500.00 a month.My car was reposed and I am already being garnished for a student loan 160.00 every two weeks.Now the bank that financed the car is garnishing my 100.00 every pay ... |
|
 Credit problem....???? |
| I have no credit and I am trying to build some...I applied for some credit cards but can't seem to get any. If my boyfriend gets a credit card and puts me as a second card holder, will that help ... |
|
 How will this effect my credit? |
| Last year I had to make some emergency expenditures and racked up a few thousand in credit card debt. I have been shifting this debt from card to card to take advantage of the low initial rate on ... |
|
 I'm broke living in london help!? |
| as soon as i get paid i pay off last months debts. how can i make a fast buck. open to all suggestions, would prefer legal ones!... |
|
 Why do you have to PAY for a FREE credit report? |
| Every credit website I've been to wants me to subscribe to a monthly plan....what happened to my FREE credit report!!!!?????? How do I actually get a free report without paying....?... |
|
|  |
Nicole T | I know someone that committed fraud in order to get a mortgage.he is going into foreclosure. what can he do? |
He is considering filing chapter 7 bankruptcy on both of his homes, but I think they will find out he committed fraud in order to get the loan. What can be done if anything to help him? |
 |
 
Faye H
|
If he committed fraud and it is found out during the bankruptcy, he'll probably go to jail.
Bankruptcy is filed in Federal Court. All of your records of loans, payments, everything, are pretty much gone over.
By the way, you don't file chapter 7 "on homes". You file bankruptcy for yourself. If he wants to give up the homes in the course of the bankruptcy, those homes will be given back to the lender at that point. You don't, however, get to pick and choose what bills are included in the bankruptcy. So he doesn't get to file just on the two mortgages. Every financial record he's had is going to be looked at. |
|
jim_elkins
|
There is nothing YOU should do. HE should find a good attorney. |
|
MissV
|
There are enough checks and balances that the lender could have uncovered anything improper. The best you can do is step aside so that you won't be considered an accessory. |
|
Rouge Rocker
|
HA! SUFFER !!! |
|
Biz Guru
 |
legal advice - especially if the mortgage company knows. |
|
zilla
 |
tell him to sell the houses and repent. |
|
kalamity
|
Let him go down...people like your friend are not trust worthy... Even if I had the answer I would not help him. Moreover, ff I were you I would be very careful hanging around such bad apples... Let him go down! |
|
smarties
|
He got what he deserved! |
|
kate
 |
You want to help someone who committed fraud to get 2 homes ? And because his BS backfired and now he has to pay the consequences ?
The better question is , what can be done to help you ?
You are nuts ! |
|
teenriodoll
|
Filing bankruptcy will stop the foreclosure sale but it may cause more of a problem than he wants.
By definition a chapter 7 bankruptcy means that the debtor is turning over all assets of the estate to the court under the supervision of a Bankruptcy Trustee. If the rustee decides the houses have value (equity > debt) then the trustee will sell the house and pay off the underlying mortgage(s) and other debts.
However, if at the meeting of creditors (about one month after the filing of bankruptcy there is a meeting of creditors but in reality only the attorney for the debtor, the debtor who is examined and the trustee are in attendance) the trustee "abandons" the home then the bank will foreclose by getting the Bankruptcy judge to "lift" the stay which previously prevented the foreclosure.
So the houses will eventually be foreclosed on and now your friend has two foreclosures and a bankruptcy on his credit plus alerting the world to the fraud in getting the loans. Not a pretty picture.
A better alternative would be to (if the non-owner occupied house is vacant) advertise a rent to own, take over payments on the other home. Get a large down payment and apply it to the deliquency. Call the mortgage companies "loss mitigation" department and work-out the terms. Have the balance if the down payment does not cure the default put on the back end of the loan. This is called a loan modification.
Or sell the other home in a short sale where the house is sold but for less than the mortgage balance. "yes lenders will do this!!!!
GOod Luck |
|
pattibcacl
|
How Did he get away with it They Check Credit/ and you bank accounts to see if you got money/ your employer/ or self employed too I getting one too But getting check out first I got my approveful? the Lender must be blind |
|
binda
|
keep out |
|
~♥Anna♥~ 2Cor5:15
 |
Pray for him. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
13 | 16 minutes(s) ago
| | | |
12 | 36 minutes(s) ago
| | | |
13 | 1 hour(s) ago
| | | |
13 | 6 hour(s) ago
| | | |
13 | 9 hour(s) ago
| | | |
13 | 10 hour(s) ago
| | | |
13 | 2 day(s) ago
| | | |
12 | 5 day(s) ago
| | | |
11 | 2 week(s) ago
| | | |
12 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
