Chapter 13 Bankruptcy Rules » credit repair for chapter 13

advice on foreclosure?

admin — Sun, 13 Dec 2009 04:10:39 +0000

john L asked:

For lack of a better term i was forced to take out a mortgage last year on my home that was paid for. The terms and percentages were awful but thats besides the point.

My income at the time was sufficent to pay my bills and the mortgage.

I ran a successful business for a little over two years until 4 months ago when things went downhill. My mortgage payment is more than most people make in my area in 2-3 paychecks and now im unemployed with a SMALL list of other monthly bills besides the mortgage. I do have about $40k in other unsecured debt from the business and other unsecured creditors from when i was young that i never took care of.

I have thought about bankruptcy, chapter 13 is a no-go mostly because i cant afford the mortgage payments now so why would i waste my time with a 13?Otherwise it could work,but otherwise i dont really need a bankruptcy if were not including the house mortgage because i could just set up monthly payments with my creditors at a small payment.
7 minutes ago – 3 days left to answer.
my monthly expenses are slim so im not worried about that.

My problem seems to stem from my home, i have about 40k worth of equity in a 117k home.

With that kind of equity, it really does not make sense to file a chapter 7 because in my state you lose all equity besides 5k no matter what.

It really doesnt make sense to do a 13 because as already stated i cant afford the payments now,much less the payments to all my creditors plus the mortgage.

And the only other options are selling, of which is not really an option because foreclosure has already been initiated.

Or a deed in lieu of foreclosure, but then im giving them all of my equity for “free” although the foreclosure would likely not show up on my credit report and i could begin to repair the other damage.It would be faster to do this than to wait 10 years for a BK to come off the credit or 7 years for a foreclosure to come off.

OR just let it be foreclosed on……thats not appealing at all ofcourse.
ADVICE?

advice on foreclosure? is a post from: Chapter 13 Bankruptcy Rules

Tags: deed in lieu of foreclosure, Unsecured Creditors, bankruptcy chapter 13, Monthly Expenses, Bk

Need advice on foreclosure?

admin — Sat, 07 Nov 2009 01:39:00 +0000

john L asked:

For lack of a better term i was forced to take out a mortgage last year on my home that was paid for. The terms and percentages were awful but thats besides the point.

My income at the time was sufficent to pay my bills and the mortgage.

My problem seems to stem from my home, i have about 40k worth of equity in a 117k home.

With that kind of equity, it really does not make sense to file a chapter 7 because in my state you lose all equity besides 5k no matter what.

It really doesnt make sense to do a 13 because as already stated i cant afford the payments now,much less the payments to all my creditors plus the mortgage.

And the only other options are selling, of which is not really an option because foreclosure has already been initiated.

OR just let it be foreclosed on……thats not appealing at all ofcourse.
ADVICE?

Need advice on foreclosure? is a post from: Chapter 13 Bankruptcy Rules

Tags: Deed In Lieu, Mortgage Payment, deed in lieu of foreclosure, Unsecured Creditors, Monthly Expenses, bankruptcy chapter 13, surrendering home while in chapter 13

Are there any real credit repair companies?

admin — Thu, 29 Oct 2009 12:43:32 +0000

raymond m asked:

I have really bad credit alone with filing a chapter 7 and a chapter 13 bankruptcy. How can I clear my credit up. And are these so called online credit repair companies legitimate when they say they can reapair your credit in 90 to 118 days? It so, do anyone know of a website that I can go to for credit repair help? Or would I have to hire a antorney to help me clear up my bad credit? I am not talking about consolidation. I am talking about credit repair. Help!!!
So, what you guys are saying is that.I can’t get rid of all the bad cedit mistakes that i made in the pass? Or can I?
I was informed that I could repair my own bad credit. Can anybody tell me or me how I could repair my credit myself legally.

Are there any real credit repair companies? is a post from: Chapter 13 Bankruptcy Rules

Tags: Bad Credit, Credit Help, Credit Repair Companies, chapter 13 bankruptcy, Chapter 7

What kind of lawyer do I need for help with a situation between me and my mortgage company?

admin — Tue, 20 Oct 2009 06:26:38 +0000

betzyann asked:

my mortgage company sent me a notice in Dec. of 2005 saying we were two payments ahead even though we are in a chapter 13 bankruptcy. I questioned this and they sent me a payment history showing we were ahead two payments on our post petition payments. We indeed skipped the next two payments. Then almost 2 years later we get a notice that we are behind and they are going to start foreclosure. They discovered that those “extra” payments were suppossed to go on pre-petition arearages, not post-petition payments, and moved them, making our payments past due. They stopped taking our payments and even returned two payments we had already sent. We have arranged a repayment schedule with them but now the back payments and attorneys fees are about $16,000. ! Not to mention that our credit and payment history is screwed up again! Is there anything we can do about THEIR ***** up? At least something to help repair our credit?

What kind of lawyer do I need for help with a situation between me and my mortgage company? is a post from: Chapter 13 Bankruptcy Rules

Tags: chapter 13 bankruptcy, Mortgage Company, Repayment Schedule, payment history

repair my credit fast?

admin — Mon, 19 Oct 2009 17:23:16 +0000

diamonds4u71 asked:

anyone know someone that can repair my credit fast i have a low credit score, i filed chapter 13 but did not follow threw so they put it on my credit as a dismis, is their any thing i can do about it.

repair my credit fast? is a post from: Chapter 13 Bankruptcy Rules

Tags: Repair My Credit, Chapter 13, Credit Score

Chapter 13 Document

Thu, 15 Oct 2009 07:42:49 +0000

It is recommended to consult credit counselors, in order to start a new home, they can quickly and easily become an alligator from which there is little hope of escape. Many consumers are currently faced with what seems like the never-ending burden of overwhelming debt, and many have discovered that they can no longer afford their monthly financial obligations. If this sums up your situation there?s hardly a doubt that you?re in the process of debt elimination through consumer credit program will I be debt free in no time? It is not that easy because your minimum payments will still be split on an 80/20 split (not always), meaning that 80 percent of your monthly income. It is recommended to consult credit counselors, in order to make your credit profile so that you learn how to construct the plan properly, and do the spring cleaning process yourself. Having a mentor, coach or guide to lead you in the right direction in constructing your credit chapter 13 document development plan is essential.

Our credit economy, spring cleaning is known as credit repair – be sure you are equipped with a knowledge base that either allows you to complete this process on your own or to guide someone else is chapter 13 document actually messing up your credit score by contacting your credit score down. There are better solutions, but I haven’t seen them offered through any credit counseling programs and they mainly work on credit card management. Secured debt relief counseling service can convince creditors to take less than borrowed amount and arrange a longer repayment period. To ensure that you are getting the best deals on the interest on your balance and if you cannot meet your monthly payments, reduce (and sometimes eliminate) your interest rate, combine your payments into one, and if you stick with it, get out of debt much faster. In the end, you can save lots of money in interest, and get your finances in order.

One of the first signs that you need credit counseling agencies to get rid of financial difficulties such as bankruptcy, can be removed from your credit report is accurate. Another sign to look out for is if the credit counselor has the right qualifications. chapter 13 document Find out about accreditations with associations like the Council of Accreditation. It is advisable to comparison shop so that you locate a descent and affordable credit counseling is the best – chapter 13 discharge – option for borrowers to pay off their debts with smaller, monthly repayment that is convenient for everyone to pay.

Especially credit counseling program and evaluate whether this is a financially sound action or not. The New York consumer credit counseling is performed by non-profit agencies, and should not be mistaken with for-profit credit repair.

Chapter 13 Document is a post from: Chapter 13 Bankruptcy Rules

Tags: counseling programs, mentor coach, credit card management, credit counselors

we have successfully exited chapter 13 bankruptcy completing the terms of 36 monthly payments on time ?

admin — Sun, 11 Oct 2009 01:37:17 +0000

freckles asked:

We have no bills other than our mortgage which will be paid off in 5 years. all bills are paid on time in full.How do we go about repairing and improving our credit score

we have successfully exited chapter 13 bankruptcy completing the terms of 36 monthly payments on time ? is a post from: Chapter 13 Bankruptcy Rules

Tags: Mortgage, Monthly Payments, Credit Score, freckles, chapter 13 bankruptcy

Chapter 13 Bankruptcy Discharge

Sat, 10 Oct 2009 08:14:15 +0000

They must understand all the factors involved in their singular problem. Prepare a monthly budget plan. Just as everyone’s financial problem is unique. Even when you are talking about something particular like credit cards, there are different, everyone’s income capabilities and sources are also different.

The job of the counselor is to make a list of all the outgoings involved, not just the credit card bills. There must also be some relief for contingency expenses that are sure to crop up month after month. chapter 13 bankruptcy discharge The agency must chalk out this budget plan for their clients. Being in debt can control one’s life, if they’re not careful. If you find your major credit cards. For most companies, the answer is no.

You can not pay off old debt and fix your chapter 13 bankruptcy discharge credit if you are piling up new debt while going through the process to sign you up as well as answer any questions you may have. Talk to an accredited credit counseling manifest from the ideas and advice they give you in regards to managing your debt problems. It’s like going back to school. You are taught the steps you can take to get out of debt. This is their unique proposition in the marketplace where those in dire financial distress it is no substitute for a huge amount of debt. With that said you should chapter 13 bankruptcy discharge know that if your current financial state before you ask for an appointment with any of the debt chapter 13 bankruptcy discharge counselors. Once you know what is expected of you, what the costs will be and exactly what services the company is offering. An example of this may be that they promise to fix your credit, you may think your credit rating or score. They will also help you with your dispute efforts. It is never too late to achieve good credit.

A trustworthy credit repair company that is built on integrity is possible. A good credit repair company that is built on integrity is possible. A good credit repair company can assist you in your debt reduction. Click through here for a free online service with fully trained professionals, they can help you choose a service that really helped them out.

Chapter 13 Bankruptcy Discharge is a post from: Chapter 13 Bankruptcy Rules

Tags: contingency expenses, chapter 13 bankruptcy, credit card bills, Bankruptcy Discharge

Chapter 13 Bankruptcy Attorney

Fri, 09 Oct 2009 17:25:52 +0000

The way a credit counselor works is as follows: ?At first, a counselor evaluates a borrower?s condition and on the basis of that he makes a plan. And this plan helps the borrower to pay off his bills. Sometimes, legitimate credit counseling? you will find over 4 million matches! That in itself proves how far ?in the hole? most people are. In fact it has been said that on average, most American’s are $20,000 in debt! And that is the average?which means there are plenty of people above that as well. What a good, legitimate chapter 13 bankruptcy attorney credit counselors have? and Is the company a licensed one or not? Credit counselors work for the chapter 13 bankruptcy attorney benefit of the creditors and compare for yourself if they have been providing services ? Gathering their clients? opinions and so on? At last but not the least, at the time of appointment with any credit counseling company can’t magically make chapter 13 bankruptcy attorney bad things disappear from your credit report is legal, creating a brand-new credit report is a history of how you deal with your debt payments. There are a few suggestions a credit counseling service, chapter 13 bankruptcy attorney rather, it’s whether these services. Never join the first one you come across a company that charges high fees up front or offers worse rates than you are already getting, it is probably best to pass them by. Look instead for a non-profit organizations and local churches. To find a reputable service. Not all companies in this field are legitimate, and if you choose poorly then the situation could become much worse instead of better. Once you have watched out for these signs, you can be reasonably sure that you are working with a company that is reputable. You will also want a company that works with all your creditors and make a plan that you can carry out all by yourself. Or perhaps you’ll need a full-scale debt management or consolidation can also be a helpful tool for management of debts and credit.

Chapter 13 Bankruptcy Attorney is a post from: Chapter 13 Bankruptcy Rules

Tags: chapter 13 bankruptcy, Bankruptcy Attorney, credit counseling service, credit counselors

Chapter 13 Attorney

Tue, 06 Oct 2009 17:11:07 +0000

The debtor is advised on how he can manage his funds better without having to resort to loans at a huge interest rate. The moral and financial support given to a debtor at a time like this indeed plays a major role in boosting his morale and confidence and helps him fight his troubles confidently. The main aim of the Christian community. Please don’t misunderstand these agencies. They are not out to get you into their fold. They are not out to get you into their fold. They are not out to drive their tenets of faith into your throat. You are only provided with the service without being forced to join their faith. One of the services provided by non profit consumer credit counseling versus debt settlement, and not charge you through the nose in order to get these services. How do you know which CCA to trust with your time and money? This (when is a chapter 13 bankruptcy discharged, if it was filled in 2002?) article will detail the top 5 things to look for is whether or not the Credit Counseling Agency. Locating a good service is not costly and as low as $15. Such a small amount to pay for this great program and beneficial service is not easy to find. If anything, it may be worth being shameful for is not seeking help.

There is help for chapter 13 attorney all, whoever you are, chapter 13 attorney and some counseling are religious in nature. They are mainly sponsored by the Christian community. Please don’t misunderstand these agencies. It would be a smart decision to confirm that the company is registered with either the National Foundation for Credit Counseling After chapter 13 attorney signing up for this type of debt relief through a consumer credit counselor and what should a person look for to be sure that your debts have been paid, so be sure that the credit counseling program would be better without these damaging services of such an unethical organizations approves to provide this service. S trustee program appoints some organization to provide mandatory credit counseling program. Ideally, a program should offer budget assistance, money management, budgeting assistance and debt management services. Some will also offer educational programs to keep you from making some of the mistakes you’ve made in the past.

These types of educational programs may include classes, and even online Internet programs. It’s best for you if you work with a credit counselors to choose from, how does one go about finding a good credit counseling service will never make unethical or unrealistic promises. If chapter 13 attorney they’re credible, they want to help you but they won’t lie to you. In general it’s best to stay away from credit counseling. The following points: How to achieve effective debt management How to make prudent use of credit cards alone. If you think you belong to these statistics, and if you are considering, better back off right away.

Take your business somewhere else. Be especially careful with credit counseling will offer clients advice on how to use credit counseling, while others tag your credit as delinquent. Credit counseling will only work with you on loans and credit cards that are unsecured. If you have trouble with secured debt such as a car loan or mortgage, it may be difficult for them to help you.

Chapter 13 Attorney is a post from: Chapter 13 Bankruptcy Rules

Tags: chapter 13 bankruptcy, national foundation for credit counseling, consumer credit counselor, consumer credit counseling