| Subject | Date Asked | Expert |
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| car loan and bankruptcy | 7/15/2008 | Ontrack Financial Group LLC |
Q: I did something really stupid! I bought a car a week after I quit my job but still listed the ...
A: Mike, Bankruptcy is always an option. Is it the right option? Without performing a financial ...
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| when creditors contest | 7/15/2008 | David |
Q: What happens when a creditor contests a bankruptcy? Also, we are filing a chapter 7, what is the ...
A: I would say the odds are slim. Your attorney should be able to walk you through the process. My ...
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| BK | 7/15/2008 | Ontrack Financial Group LLC |
Q: I am thinking of filing chapter 7 in CA. I am an authorized user on my mother's credit card. I ...
A: Don, The question was understood perfectly well. Have your mother call the credit card company ...
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| BK and | 7/13/2008 | Ontrack Financial Group LLC |
Q: I am thinking of filing chapter 7 in CA. I am an authorized user on my mother's credit card. I ...
A: Don, Have your mother contact the credit card company and request they remove you from using the ...
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| car loan | 7/13/2008 | David |
Q: I did a volentary car repo due to a divorce and got laid off from my job the money owed is $13000 am ...
A: Unfortunately, the money is still owed and the responsibility is yours. As this is the case, ...
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| credit card debt | 7/12/2008 | David |
Q: I have approx. $40,000 in credit card debt. I have always made payments and am in good standing ...
A: No, if you settle the accounts it will adversely effect your credit score. If you decide to do it ...
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| credit report | 7/10/2008 | David |
Q: I have an issue with a $260 charge off on a cellular phone. It has been on my credit report for six ...
A: Robbie, Paying it will not remove it from the report. But it will continue to grow and do ...
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| Student Loan | 7/8/2008 | Ontrack Financial Group LLC |
Q: My husband and I are dealing with harassing constant calls from a collections agency regarding a ...
A: Contact the courts and advise them the agency is violating the automatic stay. please read below ...
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| repo vs bankruptcy | 7/8/2008 | David |
Q: We recently had a decrease in income and an increase in payments with rising cost of gas etc. Our ...
A: It sounds like you need to set down with a local attorney that knows Bankruptcy law and see what ...
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| credit and todays housing market | 7/7/2008 | David |
Q: Due to the housing market and so many homes being "let go" due to the economics, do you think there ...
A: No, I don't think so. My specialty is repairing credit. Recovery from foreclosure and BK can happen ...
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| ONE BIG MESS | 7/7/2008 | David |
Q: I have one BIG mess on my hands, and hope that you can help me figure out the best way to handle ...
A: Tammy, Your best option is if he can refi it into his own name or sell the car so you can be ...
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| Foreclosure after Bankruptcy | 7/7/2008 | David |
Q: I filed Chapter 7 bankruptcy in Dec of 2007 and was discharged in March of 2008. However, I decided ...
A: Unfortunately, I must refer you back to an attorney. My specialty is repairing credit after BK. ...
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| Cosigner issue | 7/3/2008 | David |
Q: I cosigned for someone and it has now gotten to the point where the credit union is threatening ...
A: Joab, Yes, you can sue the cosigner. The other questions depend on how far in the process you are. ...
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| Being sued after bankruptcy | 7/3/2008 | David |
Q: My wife and I just received our discharge papers after filing Ch 7 bankruptcy. During the process ...
A: Cory, This question really needs to go to the attorney that helped you file. He has a ...
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| foreclosure | 7/2/2008 | David |
Q: My husband bought a house prior to our marriage approx 2 yrs ago. He has owned the house for 5 yrs. ...
A: Interesting question Lesa. The biggest thing that needs to be considered is what happens when a ...
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| auto loan and chapter 7 bankruptcy | 7/2/2008 | David |
Q: I currently have a car loan with a payoff of about $33,500 but the fair market value is only ...
A: Robert, You'll want to send this question to an attorney that does BK. My specialty is raising ...
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| Many credit cards | 6/28/2008 | David |
Q: I just read an article stating that if you have more than 6 credit cards, even if you were not ...
A: Many of my clients have had several credit cards and still achieved excellent scores. The areas ...
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| Improving Credit with credit cards | 6/26/2008 | David |
Q: My average credit score from the three agencies is 665. I have not had credit cards in more than 10 ...
A: Gerron, There are 2 ways to increase your score. 1. Remove negative items from your reports(35% ...
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| Inaccurate credit report | 6/25/2008 | David |
Q: I have a question about an old debt that was settled for less than the amount owed on it about a ...
A: Keep disputing it. Write the collection company and use certified mail. If they continue to ignore ...
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| re: adding creditor to bankruptcy | 6/25/2008 | Ontrack Financial Group LLC |
Q: I have not been discharged and need to amend my bankruptcy paper work what do I need to fill out the ...
A: That depends on the laws of the jurisdiction where you filed. In most jurisdictions, if it was a ...
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| BANK LEVY | 6/25/2008 | David |
Q: ON MAY 6 THERE WAS A BANK LEVY ($1,100) AND WAGE GARNISHMENT ORDER AGAINST ME SO I FILED MY OWN ...
A: Unfortunately, the money is gone due to it's collection before you filed. If you need help ...
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| write off? | 6/24/2008 | David |
Q: I recently had my credit report pulled by an agent for my lease signing for my apartment. He said ...
A: It sounds to me that the leasing agent doesn't understand how credit reporting works. A debt being ...
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| business bankruptcy | 6/23/2008 | David |
Q: when you file bankruptcy on a business with a tax id number, does it effect your personal credit or ...
A: If you have signed as a personal guarantor on the loans or credit cards you will personally be ...
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| Timeshares | 6/23/2008 | David |
Q: Can I safely stop making payments on my Timeshare? My Timeshare is with Wsetgate which is the #1 ...
A: I have toured that facility before. I bought from Orange Lake down the street. It is completely up ...
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| Bankruptcy.. | 6/21/2008 | David |
Q: I filed for Chapter Seven last year... The repayments were coming straight out of my payroll checks, ...
A: Alvin, I think you meant to say you filed a chapter 13 last year. I have clients that have gone ...
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| BK and Filing without spouse | 6/20/2008 | David |
Q: I live in Wisconsin, and I am considering filing bankruptcy. I was told at my consultation, that ...
A: Ultimately, you should use a good attorney that knows the laws in your state around BK. Everything ...
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| Credit cards for people w/bad credit | 6/19/2008 | Ontrack Financial Group LLC |
Q: I am trying to get a credit card, but am having a hard time. I have extremely bad credit. Do you ...
A: Antoinette, If you are experiencing a hard time with credit, why are you trying to place yourself ...
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| Selling of debts | 6/19/2008 | David |
Q: How many times can a bad debt be sold? How can they report this on your credit report since your ...
A: The debt can be sold indefinitely. The law allows for debt collectors to report purchased debt. ...
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| Credit Cards bills and mortgage. | 6/19/2008 | David |
Q: I'm about to be unable to pay my credit cards. I live in Florida. I have 2 with Bank of America, 1 ...
A: No, they can not do that at a bank. Credit Unions on the other hand cross collateral their accounts ...
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| voluntary surrendar of truck | 6/19/2008 | Ontrack Financial Group LLC |
Q: We have a 2003 dodge truck,in great shape.Due to the current economic situation, the monthly ...
A: Jackie, You were lied to. The vol- repo will hold a r8 rating on your credit profile. Once the ...
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| Credit score | 6/17/2008 | David |
Q: i would like to know what is the best way to raise my credit score which is currently at a mediocre ...
A: Helping folks raise their credit scores is my specialty. Opening new CC is one part of raising your ...
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| wife files chapter 7 | 6/13/2008 | David |
Q: My wife has around 30000.00 dollars of credit card debt that is choking both of us. My question is ...
A: You should have your wife immediately call and have you removed as an authorized user. Being an ...
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| paying off credit debt | 6/12/2008 | David |
Q: I'd like to pay my credit card balance in full. I've been told and even read here that it's possible ...
A: 1...I am not an expert on Debt settlement. 2...The best score is achieved when using 5% or less of ...
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| Credit Card Questions | 6/11/2008 | David |
Q: I'm 20 years old and I have plenty of questions in regards to what I should do with my credit cards. ...
A: Madonna, Wow, lots of stuff going on in that question. Here are the basics: Your Credit Score ...
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| Credit debt issue | 6/11/2008 | David |
Q: I would really appreciate your help with my issue, thanks!-> I was living with a family in 2004 and ...
A: Boy, that is a long question. 1...I have read of other people saying they have been able to get ...
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| bankruptcy/foreclosure | 6/11/2008 | David |
Q: I filed a CH.7 back in 2005, under the assumption that my house was not included in the ...
A: Basically, that means even if you have been released from the debt through BK the lenders lein stays ...
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| bankruptcy/foreclosure | 6/11/2008 | David |
Q: I filed a CH.7 back in 2005, under the assumption that my house was not included in the ...
A: If you kept your home you must had agreed with the lender to continue making payments. Chapter 7 ...
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| Debt settlement issues | 6/10/2008 | David |
Q: I had 2 credit cards. 1 card I've had for 20 years and never missed a payment. Both cards I never ...
A: Janice, First they'll sue to obtain a judgement. Then, if you don't settle they will eventually ...
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| bankruptcy | 6/10/2008 | David |
Q: I have filed bankruptcy and Foreclosure and am now going to add in my doctor bills. Do we have to ...
A: It is completely up to the Doc. Some don't handle their own billing and won't even know. Others ...
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| Have to appear in court June 10th for unpaid credit card | 6/8/2008 | David |
Q: We are being sued by Discover Card through Baker,Miller,Markoff & Krasny,LLC. Exhibit A is Legal ...
A: There is no good solution for you. If you decide not to show at court you will lose the case, but ...
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