i would like to know what is a good apr rate, and what does apr mean? is that the interest?, and i'm new to credit, anyone know a good online place where to get a credit card like mastercard, ...
I cant afford it, Can I settle later and save my credit?
( which is going down the drain)and how do I get my stuff back that was in the car, is there a cost?
Anyone know about this..I live ...
I recently had some collections accounts that were not mine deleted from my credit report...now the only credit I have is a credit card from Premier. I just opened that account about 3 months ago, ...
Please someone help. I am a single mother with a disable 10 year daugther. I jsut was divorced and my ex rights were terminated due to what he did to my daughter. I am trying to get back on my feet ...
I have recently started looking for the best credit card for me to pay for a couple semesters of school and a little bit of automotive work. I plan on doing an auto pay. The credit card i'm ...
Basically how does that show up on my credit? Have someone that is moving to Chicago and needs a 6 month lease co-signer. What effect does this have on my credit rating? Does it show I have a 6 month ...
Today. I happend to have purchase some item on a credit card i have canceled earlier. I had forgetten i canceled it and really at the moment im not sure whats going to happen. And its not my credit ...
I'm finally down to one credit card with a balance of about $500. I know that may not seem like much, but I cant seem to pay this one down because of the high interest. I haven't received ...
I have about 12k credit card debt they i have not paid in about 5 months and aprx 35k school loans. I was out of work and unable to pay my bills so the intreast killed me(cards started at 8k), I ...
Ok I have apprx. 35k in dept. I'm lookin to file bankruptcy but i'm not sure what chapter I need to file under
So i guess my question is What chapter do I need to file under? Additional Details when going through a debt consolodation will my truck be included in that? It makes up about 50% of my debt.
List all your debits and assets. See a bankruptcy lawyer. The first visit is free. They will advise you.
David C
if half of your debt is on your truck then maybe you should try and get rid of the truck and get something you can afford...bankruptcy is almost never a good option.
Studly
Impossible to answer this without more info.
Generally, if you own a home and/or lots of property, you don't want to file chapter 7.
If you have a job and make over $45,000 you may not qualify for chapter 7 due to the formula used to calculate your means.
If you lost your job recently, you may want to try and hold off for at least 6 months, as they use your past 6 months wages to calculate your eligibility.
Ideally, if you owe that much, rent and don't own, and don't make more then $45k you will easily qualify for Chapter 7 (that's what you want to shoot for).
But remember there is a lot of factors involved...this is a very simplified example.
SPIFIMAN1
Under the new bankruptcy laws you must first go through 6-months of credit counseling before filing.
Then you will take whats called a "Means test", if you make over the average income for your State you will be forced into chapter 13 (wage earner). If you make less then the average income for your State you can qualify for chapter 7 (liquidation).
Your bankruptcy lawyer will walk you through it.
SCH
There is a formula your lawyer will do that will determine what chapter you should file.
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