When To File Bankruptcy » credit report

How long after filing a personal (chapter 7) bankruptcy do I have to wait to apply for credit?

admin — Fri, 02 Sep 2011 13:31:11 +0000

I filed in March 2007 and expect my actual discharge letter in the mail any day now-wait, is that the mailman? My bankruptcy already shows up on my credit report and my credit score isn’t so terrible! Specifically, I want to know if its o.k. to start applying for ONE SINGLE credit card and a car loan. That’s it. I’m rebuilding my credit on those two things. Period. Thanks.

Technorati Tags: bankruptcy, car loan, credit card, credit report, credit score, letter in the mail, mailman

Shouldn't a judgment, later included in a bankruptcy filing be removed?

admin — Thu, 01 Sep 2011 10:52:08 +0000

When I owned a business in NY a large judgment was served against me forcing me to file bankruptcy both with the business and personally. The judgment was included in the bankruptcy, assets were distributed and the bankruptcy was closed along with the business. I still show this judgment on my home and credit report 7 years later making it impossible to refinance or sell. Is it too late to get this taken off?

Technorati Tags: bankruptcy assets, credit report, judgment

After two years of a bankruptcy discharge on my mortgage, what happens if I quit paying my payments?

admin — Wed, 24 Aug 2011 14:28:07 +0000

I thought my mortage was re-affermed for two and a half years until I got my credit report and it said it was discharged. I talked to my bankruptcy attorney and he also told me it was discharged back in january 2009. My realter and I are trying to shortsale and I have stopped making payments. What can the lender do as far as credit reporting and foreclosure process? Shouldn’t they have come taken the house after bankruptcy? Im confused!

Technorati Tags: bankruptcy attorney, credit report, credit reporting, foreclosure, mortage, realter, two and a half years

What happens when a credit company "writes off" your debt? What if you filed for bankruptcy?

admin — Mon, 08 Aug 2011 10:53:58 +0000

I filed for bankruptcy Jan 2005. Credit card company "wrote off" the debt Jan 2005. I thought it was included with my bankruptcy, but when I check my credit report, it claims I still have the debt, it’s just written off. To be specific, my credit report states that I still have this amount from the one creditor as "revolving debt". Shouldn’t it state that it was included in Chapter 7 like all of the other creditors state? Any help would be wonderful. I just want to know if I have something valid to dispute.

Technorati Tags: bankruptcy, chapter 7, credit card company, credit report, creditor, creditors, jan 2005, report states, revolving debt

How do you qualify for a loan when …?

admin — Thu, 21 Jul 2011 13:26:43 +0000

My husband and I have been trying to buy a house for 2 years. We both pay our bills on time and make decent money. The problem is that a few years ago he co-signed for a house for his sister. She moved out and quit paying for it and no one informed him until 3 days before it was supposed to foreclose in his name. They said we had to pay ,000 when he only cosigned originally for ,000 or the mortgage company was going to sue. She had put all her credit card debts and her car loan on the mortgage. So he filed bankruptcy to avoid being sued for ,000. Now all debt and credit is in my name which brought down my credit score and he has a bankruptcy on his credit report. We can’t seem to find any bank that will loan us the money to buy a house because they say my debt versus income to not good enough and his name can’t be on the house because of the bankruptcy. What can we do to buy a house?
It’s been 3 years since the bankruptcy. They did try to contact us many times, but they were mailing it to the address that he cosigned for. We lived somewhere else and didn’t know his sister moved out. They finally found us last minute. He had signed when she did refinancing at one time, but he he didn’t realize how much it was for and didn’t think his own sister would screw him over.
The worst part about it is that even with a bankruptcy he still has an awesome credit score and hardly any debt. He always has been very responsible when it comes to paying bills. One lender at our bank knows that we always pay off our loans, but he can’t seem to convince the other guys that don’t know us that they are safe to loan us the money for a house. So some advice to people: don’t ever cosign for anyone. Even if you think you can trust them. It gets honest people like us into a lot of trouble.

Technorati Tags: 3 years, bankruptcy, car loan, credit card debts, credit report, credit score, decent money, last minute, loans, money to buy a house, mortgage company