eripapito asked: My score is 578 and I have applied with Honda but because I have a Chapter 7 , alredy Discharged for 5 yrs now they didn’t want to refinance. I have $500 to $1000 downpayment. Do you know where I can apply and be approved?
Monthly Archives: March 2009
Chapter 13 Refinance "buyout" Foreclosure Bail Out Options
Shawn M Peck asked: Everytime we turn on the news the buzz word of the quarter has been “subprime”. This small segment(15%) of the mortgage industry has garnered the attention of the media. The truth is; yes defaults are hurting some banks liquidity.Guidelines are changing and the subprime market is temporarily wounded.This does not mean…
How to Find the Right Prepaid Credit Card
Prepaid101 asked: Prepaid credit cards, also known as prepaid debit cards, are becoming popular among people unable to qualify for a checking account or credit card. With all the card options, it’s always helpful to know what you are doing before you go out and get a card.Often, people look at prepaid credit cards as…
The Choice, Debt Settlement or Debt Elimination
Jim Vrana asked: A very common problem for many American consumers is overwhelming credit card debt. Too many people pay their monthly minimums, month after month, without any knowledge that their debt burden may never go away.When a person comes to the realization that they are caught in a never ending payment schedule, they may…
Alternatives to Bankruptcy
John Chase asked: As anyone who has seriously examined Chapter 7 bankruptcy protection knows all too well, filing bankruptcy may be the absolute worst thing that borrowers can do to improve their financial position. For desperate folk suddenly realizing that there is little they can do on their own to achieve debt relief, bankruptcy might…
What is the bankruptcy court admissibility of a credit application if there is no date on the application?
sixfiguredesi asked: I may have to file bankruptcy and my credit application has an overstatement of assets. There was no fraud intended and I do have net assets of the amount stated. However, there is no date on the application. Can it be thrown out?
Chapter 13 Bankruptcy or Debt Consolidation: Which Is Better?
Rick Hendershot asked: Chapter 13 Bankruptcy is a legal process that differs from traditional debt consolidation in many important ways. If you are trying to decide between these two processes, this article will help you make your decision.While a Chapter 13 bankruptcy is actually a type of debt consolidation, it differs from traditional debt consolidation…
Credit Repair-bankruptcy
Steven Hayes asked: What is Bankruptcy?Bankruptcy is one of the more effective ways to deal with debts you cannot afford to pay. Once you declare that you are bankrupt, all assests in your possession will be used to pay your outstanding debts. After a period of one year, all your remaining debts will be written…