| Subject | Date Asked | Expert |
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| Chpt 7 and car cosigned for | 8/27/2008 | David |
Q: I converted Chp 13 over to Chp 7 in June 2004. I was divorced in October 2001. I had an Alero car ...
A: If he was on the loan and did not declare BK, they are within their legal rights to pursue him for ...
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| buying a car after | 8/26/2008 | David |
Q: We are senior citizens, and fell into debt after retirement.We will soon have our debts discharged. ...
A: Nancy, there are several tips for this subject. I thought perhaps you would like specific advise ...
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| banckruptcy or forclosure | 8/25/2008 | David |
Q: I have a interest only house payment and is accumulating negitive amortization. The MTG company is ...
A: Nicole, The foreclosure will not make the home debt go away. It will come back to you in ...
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| Car accident and bankruptcy | 8/23/2008 | David |
Q: I filed bankruptcy on July 18, 2008 and then a car accident that totalled my vehicle on Aug 3, 2008. ...
A: This question should be directed to your BK attorney, though I would say the lien holder is ...
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| Credit card | 8/23/2008 | David |
Q: I have about 10 credit cards and close to $50.k debt all together. David , I know there is so many ...
A: Brad, In the past I have called my CC and requested lower rates. Some of the cards did this and ...
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| Charged off debt | 8/21/2008 | David |
Q: If you have a charged off debt, and then you pay it off in full, will it be deleted from your credit ...
A: Frankie, While it is possible to have this deleted from your credit report, it is not likely to ...
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| interrogatories before bankruptcy | 8/21/2008 | David |
Q: Real quick - the bottom line is our small business failed and we got sued by everybody. Just found ...
A: Wendy, Thank you for your kind comments. Usually once you file for bankruptcy any outstanding ...
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| Just Married | 8/20/2008 | David |
Q: I am 48 year old woman and just married in March of this year. My husband has been rebuilding his ...
A: Melanie, BK will only effect your husband on joint accounts. The good news is that if you declare ...
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| High Income, High Debt | 8/19/2008 | David |
Q: I dont even know where to start... OK, we're a young couple, under 30, with two babies, a house, a ...
A: With that much debt it will take a lot of time to even come close to getting out. I am sure that it ...
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| raise my score | 8/17/2008 | David |
Q: I currently have a score of 750. I recently paid off a couple of collections one was 38.oo and one ...
A: It should help as long as you use it responsibly. You should also try to have any negative info on ...
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| Medical debt | 8/12/2008 | David |
Q: I have an account in collections from an accident I was in in '06. The ER doctor that saw me however ...
A: Wendy, All collections on your credit report effect you the same way, medical or otherwise. ...
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| voluntary repossession | 8/11/2008 | David |
Q: The question at hand is pertaining to my divorce and a car we have together.The car at hand is an 05 ...
A: I wish there was a clear cut answer for you, but your in a tight spot on this one. I would say ...
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| voluntary repossession | 8/10/2008 | David |
Q: The question at hand is pertaining to my divorce and a car we have together.The car at hand is an 05 ...
A: Stanley, By the time it is done you'll probably see about 60-150 point drop. You need to remember ...
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| Can a cosigner file bankruptcy on a private student loan | 8/8/2008 | Scott M Channer |
Q: My wife co-signed a private student loan for my adult son in 2004 we were not married at the time ...
A: i'm not 100 percent sure on private student loans but sense it is private the new law apply's to her ...
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| cooling off period | 8/7/2008 | Ontrack Financial Group LLC |
Q: I am currently behind on some of my credit cards. I am substantially in credit card debt, 70K +. I ...
A: Elizabeth, You may find Ontrack Financial Group is a great resource to use before thinking about ...
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| HOUSE AT RISK | 8/6/2008 | Scott M Channer |
Q: I am seriously looking into filing for bankruptcy but i can't do that if it puts my house at risk. ...
A: On Bankruptcy it depends on which chapter you file under generally i have never filed but did a lot ...
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| debt collector | 8/4/2008 | Scott M Channer |
Q: I recently reviewed my credit report online and in college I had a credit card that I didn't make ...
A: Nice name by the way never heard it before. Its never a mistake to pay your debt good job on doing ...
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| bankruptcy vs reposession | 8/3/2008 | Scott M Channer |
Q: About 3 years ago, my husband and I had two vehicles and our home reposessed (we were even locked ...
A: Sorry to hear about your problem. I've been there i had a repo at the age of 18 . I had to pay on ...
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| creditor in a bc filing | 8/2/2008 | David |
Q: I have loaned about $150,000 to relatives and friends. All (3) of them filed for bankruptcy but ...
A: I wish I had a friend like you, very generous. I am sad to hear it turned out the way it did. I ...
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| credit after BK | 7/30/2008 | David |
Q: David, I'm in the middle of filing for bankruptcy and trying to decide what debts I should pay and ...
A: TJ, BK is your shot to start over. File on everything possible. Many of my clients see a score ...
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| Voluntary RV reposession? | 7/30/2008 | David |
Q: I have an RV that I have been paying on for the past 7.5 years. I originally owed $48,00 on it, and ...
A: It depends on how large the debt is and how aggressive of a collection agency they use. $500 won't ...
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| Garnishment of bank account | 7/30/2008 | David |
Q: Assuming a judgement has been obtained, can a creditor garnish a bank account that is held jointly ...
A: Mike, yes they can after they file for garnishment in court. It can sneak up you, might be a good ...
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| Voluntary RV reposession? | 7/29/2008 | David |
Q: I have an RV that I have been paying on for the past 7.5 years. I originally owed $48,00 on it, and ...
A: Sonny, Your best bet is selling the vehicle and paying the difference to the creditor. If you let ...
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| volunteer repossession | 7/27/2008 | Scott M Channer |
Q: what would happen if i volunteer to repossess my vehicle to the bank? will i still have to pay it ...
A: Sorry to hear about your problem. I may be wrong on this but this is what i think from my repo that ...
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| Credit Repair | 7/26/2008 | David |
Q: Here is my situation. I had alot of debt/bad credit in the past and have worked my butt off to pay ...
A: Rick, The situation you have described is very common to most of my clients. The good news is ...
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| voluntarily surrender? | 7/26/2008 | David |
Q: I filed bankruptcy (Chapter 7) 2 years ago. I filed my car (a 2004 grand am) and the bankruptcy was ...
A: Amber, Letting the car go back will show as a Repo. That is pretty bad as far as the credit ...
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| Remove Collection/Charge Off | 7/25/2008 | Scott M Channer |
Q: I read your response for John Hall’s question, 2006. It was very useful, thank You. I’m trying to ...
A: Pay for Delete letters do actually work. I have had success with two of them. However, sometimes it ...
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| Bankruptcy and a School Loan | 7/25/2008 | David |
Q: My Daughter received two separate school loans. To my understanding the loan would start 6 months ...
A: There are only 2 choices: Pay the debts or declare BK. Keep in mind that you can not declare BK ...
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| car repo | 7/24/2008 | Ontrack Financial Group LLC |
Q: I was told from a friend that they had their car repod and they took half there wage untill it was ...
A: Rochelle, It's near impossible to tell you what the payments will be. Once you return the car ...
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| Repo | 7/24/2008 | Ontrack Financial Group LLC |
Q: I too am going through something similar. I bought a vehicle and from the day that I got it there ...
A: Sam, Contact your attorney general. Advise them of the situation and request they look into your ...
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| chapter 7 | 7/23/2008 | Ontrack Financial Group LLC |
Q: My husband and I filed chapter 7 maybe almost 3 years ago, and we kept my 2005 car, my question is ...
A: Sandy, By reaffirming the car contract, you are now legally liable for this debt. If you later ...
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| Friendly camper repo? | 7/23/2008 | Ontrack Financial Group LLC |
Q: We travel on the road for my husbands job and we live in a rv. We currently want a fifth wheel ...
A: Shauna, Congratulations on you little one. Unfortunately the financial world doesn't offer a ...
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| BK and Child Support | 7/20/2008 | Ontrack Financial Group LLC |
Q: My ex filed for bankruptcy (chapter 7) in Washington. He has an order to pay child support in ...
A: Tina, Filing for bankruptcy protection does not allow your ex to discharge past due child support ...
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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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| Motion for Relief From Stay | 7/15/2008 | Scott M Channer |
Q: How long to home is foreclosed on from Motion for Relief From Stay meeting?
A: Sorry but they put me in a wrong area. I mainly do credit scores and how to raise them. So, i do ...
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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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