 A Question About Credit Reports |
| Does anyone know how to get your credit report without having to have some kind of membership and where you don't have to use a credit card? (freecreditreport.com is NOT free!)... |
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 Are there any downsides to opening 20 bank accounts in one week? |
I want to open checking accounts at different banks just for their bonuses ($100-$200). I will close most of the accounts after a month or so.
So are there any downsides to this? Does my ... |
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 HI im 20 and i have probably have over 5000.00 in debt? |
and ive havent made any kind of payemt on these for 2 years if i was to pay all these off in one lump sum would i be able to get a credit card again
Additional Details
its not all credit ... |
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 How do I transfer my car loan to someone else and have them take over the payments? |
| I have decent credit and I basically need out of a loan I have. I have heard that people interested could take out their own loan and purchase the car but I was hoping that there may be a way to just ... |
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 Debit Card Fraud? |
Yes, Just few days ago...someone took my money out of my checking account without my permision.
No, I didnt lose my credit card or debit card or anything...
Someone from Chicago ... |
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 Is there a way of knowing which stores use which credit bureau? |
I am interested in getting some type of store card (example: walmart, old navy, target, best buy and others)
Are there certain stores that get your credit report from one bureau or another?... |
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 What can the Repo-man take? |
| My sister's boyfriend is way behind on his car payments. They live together but her name is not on the loan. All of the things in the house belong to her, except his computer which is worth ... |
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 I recently just got out of debt : ) how do I stay out? ? |
Im happy and can finally see a black bank balance lol Ive seen red for far too long. any one have tips on how to stay out of the red?
I am a student..I think this might make a difference to ... |
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 Does anyone know the quickest way to improve your credit? |
| I mean besides paying it off... are there any companies out there that will help you reduce your debt.. besides the obvious credit counseling services that are advertised on TV and such. Ive heard ... |
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 Can a bank require you to have TWO Appraisals when applying for a Home Equity Loan? |
| I'm quite frustrated at the process involved with trying to get a home equity loan. Last week an appraiser did a drive-by appraisal and the value came back just fine. NOW, they're ... |
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 I couldn't pay back a payday loan and they said that are going to put me as a fradulant check writer? |
| Can they do that? I tried to make a payment arrangement but they wouldn't let me. What should I do?... |
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 Which credit card, in your opinon is the best to get? and why? |
I have been wanting to get a credit card for emergency purposes. I just dont know which one to get. there are so many!
Additional Details
I have good credit. I have other credit cards to ... |
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 How can I get a real free credit report? |
| What I specificly need is the companies that have reported against me.... |
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 Can a debt collection agency attempt to collect money they say is still owed to the original owner? |
| My husband and I purchased a vehicle in 2004. We couldn't afford the paymets, so we returned the vehicle to the bank. They sold the vehicle for less than what was owed. Now three years later, a ... |
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Flyers | Should I file for bankruptcy or work with a debt management agency? |
My husband was out of work for almost a year and I lost my job. We have almost 30k in debt on credit cards. We have never been late with payments but it is starting to get tight. Should we file bankruptcy or contact a debit management agency? |
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OC1999
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The ability to file bankruptcy is not determined by your debt, but by your ability to repay your debt. Since you say you have enough to make your current payments, you may not even qualify for a Chapter 7(liquidation) bankruptcy.
To determine if you qualify there are two means tests you must pass first. The first is if you earn more than the average for your state, the second is if you have at least $100 a month of disposable income. If you fail either of these you may be forced into a Chapter 13, which is basically a repayment plan. If you do happen to qualify for a Chapter 7 bankruptcy this remains on your credit for 10 years.
Now, if you get on a debt management program they may be able to get you on a budget and work with your creditors. If this is the case you can probably be debt free in about 3-5 years. After that you are debt free and have no lasting marks. If you go this route be sure to go with a reputable organization. You can check out http://www.nfcc.org for a list of organizations that can help |
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Studly
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Is your husband back to work, or plans to be back to work shortly? That will be the main question to consider.
If your finances are not going to improve soon, then you are going to be living from month to month hoping that no disaster happens that will destroy your budget. You are in a race to get more income before that happens. In this economy that's going to be a major battle.
What is it you are looking for in debt management? If you are looking for someone to lower your debt (debt settlement) that will hurt your credit score.
If you are looking for a way to consolidate your debts, that may help your current situation, but you are still going to be in a tight budget until you can find more income. All you are doing is buying time.
So lets look at TODAY. If you were to be placed on a DRASTIC budget, where you cut out all dining out, entertainment, no more cell phone or cable TV...how much money will you be have to pay down your debt?
It will take you over $700 to get out of debt within 5 years. Can you find that much money?
If not, it's my opinion you consider filing BK. If you do not have a reasonable expectation of finding more income soon, you really don't have any other choice. You can file BK and be out of debt and good credit within 4-5 years....or you can stay on the current road and battle for the next several years, and you may end up filing BK anyway.
Look around for a good non-profit credit counselor and discuss your options. |
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Steveo
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You need debt relief and not management. If you are in such tight straits, I would suggest bk. Get a good attorney. All the debt management companies will do is make sure that you are still in debt, but not as much. And it will still be tight. |
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doc
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Bankruptcy can be the best way to get debt relief, but debt management is a good way to keep your things, and they will knock your bill way down, although it may not be enough if you are in bad shape financially. Bankruptcy can cost around $2000.00 through a lawyer, but if you decide bankruptcy is the way you need to go, you should check into "WE THE PEOPLE" it is the way I went because I did bankruptcy last year, I was in a similiar situation with about $50,000.00 in debt. It still cost $ 500.00 dollars throught "We THE PEOPLE", but it did work out well for me. |
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Ask M
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www.creditinfocenter.com |
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enriquelomasa
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Contact a debt management agency. Stop using the credit cards. Credit card debit is the WORST debit you can have. Next time you purchase an item ask yourself 3 questions:
Is it true? (am i paying with real money)
Is it a necessary?
Is it worth paying for now?
If you answer no to any of these questions than dont pay for it. Also, seeing a debt management agency may end up costing you more money. Try solving your problems on your own by using a free service, such as Oprah.com or buying a book to help you manage.
Some tips:
1. Always save at least 6% of your income in a untouchable account.
2. Consolidate your debt thus reducing your interest and having 1 low monthly payment.
3. Pay at least $10-50 more than the required payment each month.
4. Stop spending money on things you "want."
5. Everything you have now, is all you need.
6. Cut up your credit cards. They are not money. They are borrowed money. Everytime you purchase a product, you actually end up paying 13-40% more. So add that on to the price tag and I guarantee you that wont want it. |
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Duane
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I think you would be good candidates for a bankruptcy because of your job situations. Bankruptcy is not the end of the world and you can recover and rebuild your credit faster than you think!
After ID theft and bankruptcy myself, I still got my score up from 486 to 730 in a little over a year, so I know about this subject. You have the right to contest negative items in your credit report and after bankruptcy you report is going to be full of errors, trust me!
Getting credit after bankruptcy is not as hard as you think because creditors know you cannot file again for 7 years!
Go to my website and read it all because a lot of what I could tell you will be there and I know it will answer a lot of your questions! including bankruptcy! |
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fabled.life
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I hate to give advice on such a serious decision, so I hope you'll take my answer and anyone else's answer with an appropriate amount of skepticism.
In the case of bankruptcy it will be something that will follow you for a long time, however - it is something that you can recover from although it will take a number of years. It is to be avoided if at all possible, but sometimes you find yourself in a financial position that cannot be maintained or improved. If you go bankrupt, and you hope to get a mortgage on a home in the future, you'll find that www.myfico.com forums are a very good resource for credit repair.
However - you should consider all your options. You have never been late with payments - this is good, very good. Credit card companies will be more willing to work with you to renegotiate the terms, possibly lowering the apr and paying more of the balance off. I hope that your current debt is at a reasonable interest rate already? If not, if you stay out of bankruptcy it is very important to move this debt into low interest forms of credit. Do you have a home already with equity you could leverage against the debt?
You should check your credit score, it will give you an idea of how much leverage you have. Further - a company may be more receptive to compromises if the choice is between getting less than expected, or getting back almost nothing. |
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justmythoughts
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Filing bankruptcy will ruin your credit for 7-10 years. I would not file bankruptcy. Call the credit card company and see if you can make smaller payments. I don’t know anything about debt management companies except some are rip offs, so shop around. Good Luck |
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