CL Haehl asked: There are a few basic concepts one should know when looking into refinancing a mortgage after a bankruptcy. Most importantly, you need to know the two different types of personal bankruptcy that you can declare.Chapter 7 Bankruptcy, often called “straight bankruptcy”, is an attempt for someone financially overextended to liquidate most of…
Category Archives: Finance
The Difference Between Chapter 7 and Chapter 13 of the Bankruptcy Code
Law Office Of Goldstein asked: Individuals who have amassed large debts have many options. However, if an individual finds that non-bankruptcy alternatives are not feasible, a decision then must be then made between filing a Chapter 7 liquidation proceeding or a debt adjustment proceeding under Chapter 13.A Chapter 7 bankruptcy filing is best described as…
Your Mortgage Could be a Goldmine of Potential Savings
The House Team Of Mortgage Intellingence asked: “A penny saved is a penny earned”… or so the old proverb goes. Of course, the value of a penny has changed somewhat from the time when your mother offered her wisdom on the value of keeping what you earn. Today, you could save thousands of dollars by…
Can you Choose the Type of Bankruptcy Filling?
Cornie Herring asked: In general, you can choose the type of bankruptcy for filling, under certain circumstances you may only eligible for certain type of bankruptcy filling. In most cases, debtors will choose chapter 7 for filling because it’s fast, effective, easy to file, and doesn’t require payments over time. Chapter 7 bankruptcy usually takes…
Private Label Reward Credit Cards
Robert Alan asked: More and more, consumers are becoming just as interested in the label associated with their reward credit card as they are with the interest rate, possible annual fees, and rewards. After all, credit cards were once very nondescript with nothing special separating one from the other but the Visa or MasterCard logo…
Bankruptcy Help Needed When Debts Ovewhelm
MIKE SELVON asked: Filing for bankruptcy is a drastic measure that overwhelms most people because of the detailed paperwork that must be done. In addition, for most people it is an emotionally draining experience to go through. Because of the complexity of the matter, and the fact that emotions can cloud judgment, it is a…
Things You Need To Know About Bad-credit Cards
Mario Churchill asked: These days, credit cards have become a necessity as it provides people with spending power even if they do not really have all the money they need. Sadly a lot of people do spend to much that they turn out indebted, unable to pay for their bills and eventually unable to get…
Did You Know That Everyone is Looking at Your Credit Report?
Joe Rispoli asked: oyer probably saw a copy before hiring you and your landlord likely considered it before accepting you as a tenant. Long distance telephone carriers and cell phone companies even look at it before providing their services. And you’ve never even seen your own credit report? In fact, according to a recent study,…