| Subject | Date Asked | Expert |
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| Credit repair | 9/5/2008 | David |
Q: Ive been told that I can raise my credit score by having someone add me to there credit or by ...
A: Understood. I have several clients in the same situation. There are two basic steps you'll have to ...
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| Credit repair | 9/4/2008 | David |
Q: Ive been told that I can raise my credit score by having someone add me to there credit or by ...
A: It is true that having someone add you to there credit card can help you in certain circumstances. ...
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| voluntary repo or bankruptcy? | 9/4/2008 | Michael Brotherton |
Q: I am trapped in a huge financial whole due to an ex-boyfriend using my financial information ...
A: That changes things a bit. You may still need help straightening out the fraud accounts though. ...
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| Debt in a foreign contry when living in USA | 9/4/2008 | Michael Brotherton |
Q: I just receive a letter from an us debt collector about a debt I have in France. We are here since 6 ...
A: It is possible they could file suit against you here and yes it may affect your credit score. I ...
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| BANKRUPTCY OR FORECLOSURE | 9/4/2008 | Michael Brotherton |
Q: I am filing a chapter 7, but I have a couple of accounts held jointly with my wife, i.e. 2 ...
A: Sorry to say that if you include the timeshares they will probably attempt to foreclose or collect ...
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| bankruptcy and foreclosure | 9/4/2008 | David |
Q: I am filing a chapter 7, but I have a couple of accounts held jointly with my wife, i.e. 2 ...
A: The short answer is that BK is less damaging in the long run than foreclosures. In my experience, ...
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| bankruptcy | 9/1/2008 | Michael Brotherton |
Q: the house and 2 cars were not to be included as we will continue to pay on these. well I pulled up ...
A: You may write a letter to the credit bureaus disputing this information. If the car and home were ...
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| voluntary repo or bankruptcy? | 9/1/2008 | Michael Brotherton |
Q: I am trapped in a huge financial whole due to an ex-boyfriend using my financial information ...
A: I would need more information concerning the fraud. You may be able to get out of it if it is truly ...
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| Cosigner bankruptcy | 9/1/2008 | Ontrack Financial Group LLC |
Q: if my mother was a cosigner on a credit card account and filed for bankruptcy. Is the account ...
A: Jess, your mother is no longer responsible for this debt. However the account holder is. there ...
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| Bankruptcy ,only option | 8/31/2008 | Michael Brotherton |
Q: I will try to be short. I own two houses , one our primary and one that I have rented. I am doing OK ...
A: although bankruptcy is an option the only way to really make that determination is to put your ...
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| reposession | 8/30/2008 | David |
Q: I have searchede the web for an anwer for my parents.. They have lost everything they own and are ...
A: Paula, Wells Fargo would much rather your parents sold or start paying again than repo. People ...
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| buying a home after ch 7 | 8/30/2008 | David |
Q: my husband and i are filling a ch 7. we want to get out of a previous home. our attorney told us ...
A: Unless you have a large amount of money to put down you'll probably be looking at min of 2 years ...
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| debt relief | 8/30/2008 | Michael Brotherton |
Q: My uncle died 2 years ago and my 76 year old aunt is struggling to make the $900 loan and insurance ...
A: You may be able to settle the debt for whatever you can sell the RV for. Lenders will consider this, ...
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| bk | 8/30/2008 | Michael Brotherton |
Q: i have a question for my aunt that dosnt have acess. she wants to know about bankruptsy -if she can ...
A: I do not believe she would qualify for Chapter 7 straight bankruptcy with the amount of equity she ...
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| turning in vehicle and bankruptcy | 8/29/2008 | Michael Brotherton |
Q: We (my wife and I) are planning on claiming bankruptcy in a few months because we have several ...
A: If you purchase a car then file bk you may not be able to keep the car unless you wait six months or ...
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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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