Long story short, im a 21 year old male in college with two years left before i have my criminal justice degree and i want to be a detective. im also in the military reserve (mp). my situation is unique only because my have an oustanding balance of 40,000-50,000 dollars because i tore my acl during sports (not for school). i dont have health care because ive taken care of myself since i can remember. i needed the surgery to continue working and army so i did it. ive never been the one to use credit much though and i feel it was just my luck to be in my situation because im very responsible when it comes to credit scores, my future, etc. I honestly think bankruptcy is the best route for me to take because im single and i have no kids and im sure i can get good credit by the time i finish college but i also know police depts are strict about past credit problems and i dont want to hurt my future career. any advice would be great. THANKS!

Technorati Tags: acl, army, bankruptcy, best route, credit scores, criminal justice degree, detective, health care, military reserve, mp, police depts, sports

My husband and I filed for bankruptcy six years ago. Our credit scores, we recently found out are still only in the upper 600’s. When we recently bought a car we were told we did not qualify for the 0% interest because we had filed bankruptcy. We now would like to get a home improvement loan but not sure what the best option for us would be. Should we just wait longer?

Technorati Tags: bankruptcy, credit scores, home improvement loan, six years

My husband and I are currently living in an apartment and have been here for 6 months now. We have always paid our rent on time. We are now considering Ch. 7 bankruptcy and I want to know how that would affect our current lease? Do they typically run another credit report when they offer you a new lease? I’m worried about them finding out about our bankruptcy and kicking us out, but I’m told that most apartment complexes don’t run your credit again after they do so at the original lease signing so they wouldn’t know about the bankruptcy unless you told them.

I’m not happy at all about having to file bankruptcy, but I see no other option. A bit of background: My husband and I both have excellent credit scores (over 700) and we’ve always paid our bills on time. We have no problem paying back our debt, as that’s what we obligated to do. But I was laid off last year, have so far been unable to find a job, and my unemployment runs out in a few weeks. (unless Congress extends it and we know how that song and dance goes) We even moved to Washington from California when my husband got offered a job and I still have found nothing. My husband’s job is very good and steady, but if we have to live on his income alone until I am able to find a job, we would only really be able to afford our living expenses. Like many other couples, we need two incomes. I’ve considered and done a lot of research on debt counseling or Ch. 13 instead, but our monthly payment amount would have to be small, probably no more than 0/month, for us to be able to comfortably afford our rent, utilities, groceries, gas, etc. I don’t think a payment amount that low is possible, considering our combined debt is about ,000. (all unsecured credit cards) I keep coming back to Ch. 7 being the best option. I could consider filing Ch. 7 on my own if I’m able to, as all my debts are in my name and acquired before we got married a few weeks ago, and he could enter debt counseling for his debt. But again, his payment would have to be very low for us to be able to pay our living expenses on only his income. Discharging all of our debt and getting a fresh start seems like the best option. Does anyone have any advice?
In response to a previous answer, I was single when I was laid off and began receiving unemployment in May 2009. I just got married a few weeks ago.

Technorati Tags: apartment complexes, bankruptcy, ch 7, congress, couples, credit report, credit scores, debt counseling, debts, groceries, incomes, job, living expenses, new lease, song and dance, unemployment, unsecured credit cards

My husband and I were always on time with our bill NEVER a day later had good credit.Then he got laid off.After about 6 months we were still keeping up but was pinching pennies.We had tried getting a home loan and other loans before this when we were making decent money but even with our credit scores being almost 700 still could not get approved.So we sat down and decided that we were going to file bankruptcy to relieve us a little bit until things looked up for us again so we did actually had to let stuff go for a few months before we filed.Now after he was laid off for over a year hes been back to work a few months and we still have a new home in our hopes for the near future.We knew that with filing bankruptcy the odds are against us to get a loan until after it had cleared from our credit report but my question is with the way the economy is loan companies should realize that people are facing tough times and some have no other option that bankruptcy If they would see our history up until that point they could see.Anyway does anyone know of any place that gives loans to people with "bad" credit for home loans these days.We filed in August last year and got our discharge in January this year.Please only answer this question if you have helpful information not if you are going to be judgmental

Technorati Tags: credit report, credit scores, decent money, economy, filing bankruptcy, home loan, home loans, little bit, loan companies, odds, pinching pennies, tough times

My husband and I got into credit trouble when we were younger. We are in our thirties now. Our credit scores are crap (low 500’s) but we would still love to buy a home with our VA loan someday soon. Here’s the issue, we have alot of old crap on our credit report that is either paid off or charged off. Some were deleted and others are just left on their with no action. Should we file for bankruptcy? Try and get stuff removed since it has been past 7 years? Or pay it?? I feel like everything we paid a year ago didnt make a difference and if anything made our score lower. We just are tired of renting and want to buy, we make good money….what to do!!!!

Technorati Tags: bankruptcy, crap, credit report, credit scores, credit trouble, money, score, thirties

My husband and I have just lost our jobs and we own 3 properties that are not worth what is owed on them. We have great credit scores but cannot get the banks to talk to us about alternatives to keeping the properties at a reduced payment or sellling on short sale. We have to ruin our credit first and then they might talk to us… We have have the properties on the market but cannot sell without going to the table with large amounts of cash.
If these properties foreclose or we go into bankruptcy.. Can the creditors attach or take our retirement savings to satisfy debt?
thanks for your help..

Technorati Tags: bankruptcy, banks, credit scores, creditors, foreclose, jobs, retirement savings, thanks for your help

I have listed all of my outstanding debts on my bankruptcy (including the 2 mortgages on my home), although I had planned on keeping our home and continuing to keep up the payments. My atty told me that if I needed to walk away from the home at any point after the discharge, that the bankruptcy would help me to avoid any judgements as long as I didn’t refinance the loans. But even without paying the debts that I am filing on, we are still finding that our monthly expenses are far outstrapping our income, so we are thinking about short selling and getting a smaller rental home for a while until we get back on our feet. My domestic partner is on SSI, and is "judgement proof" from what my atty says, so between that and my chapter 7 simply walking away is an alternative to short selling. My question is: what is the best thing to do for the long term?? At this point, both my partner and my credit scores are in the toilet anyway. I’m just worried about never having credit again.

Technorati Tags: bankruptcy, chapter 7, credit scores, domestic partner, judgement proof, judgements, loans, monthly expenses, mortgages, outstanding debts, ssi, toilet

My husband and I have just lost our jobs and we own 3 properties that are not worth what is owed on them. We have great credit scores but cannot get the banks to talk to us about alternatives to keeping the properties at a reduced payment or sellling on short sale. We have to ruin our credit first and then they might talk to us… We have have the properties on the market but cannot sell without going to the table with large amounts of cash.
If these properties foreclose or we go into bankruptcy.. Can the creditors attach or take our retirement savings to satify debt?
thanks for your help..

Technorati Tags: bankruptcy, banks, credit scores, creditors, foreclose, jobs, retirement savings, thanks for your help

We are looking to purchase our first home in the Denver area in about a year. We both have bad/old credit(both of our credit scores are below 600) Our income will be around 75k(I am finshing up nursing shool)

We are trying to see if this is even possible or if we should just be content renting for several more years.

We are expecting a higher interset rate. I have heard of "B loans" & "sub prime lenders" and have been trying to look into them.

We are trying to decide if we should just file bankruptcy now and see if our credit gets better or if it is possible to get a loan?

Will we need 20% down with this bad of credit, or can filing bankruptcy help that?

Technorati Tags: amp, credit scores, denver area, filing bankruptcy, interset rate, loans, quot, sub prime lenders

In March 2001 my husband and I filed ch.7 bankruptcy it was discharged in August 2001. Does any know when we can file a Chapter 7 again?
Why don’t you pay off your debts instead of taking the easy way out?

Filing bankruptcy will hurt your guys’ credit scores, it’s not a quick fix.

Didn’t your husband learn the first time, why make the same mistake twice?

I’m really not trying to be rude but it just amazes me how people put themselves in these kinds of situations over and over again

My husband has a medical condition and I don’t make the money he does! He will have to have surgery this Feb. he may not be able to walk again. We have lost our house because my job is gone. His not working because at this time he can’t walk and is schedule to have surgery. We have no creidt cards. I was trying to pay all bills but couldn’t pay enough on medical bills so now I’m being granished and have been for a year now. I’m glad I’m able to pay off what I can but, 0.00 a week doesn’t pay the rent or buy food for 3 kids, Guess being homeless isn’t that great either.
And creditors don’t wont to work with any kind of payment. They would rather take us to court try to garnish us then take a payment. Even when we tell them we are all ready being garnished. So yes indeed to live again we will have to file bankruptcy! I need to feed me kids! I can’t get assistance because we made to much money and garnishments do not count! What would you do? Neurologist cost big money and if my husband can walk again than I’d rather make sure his health is better so he can enjoy his twins and his younger child.

Technorati Tags: ch 7, chapter 7, credit scores, creditors, creidt cards, debts, filing bankruptcy, health, job, medical bills, medical condition, mistake, much money, neurologist, twins

I know all the experts say bankruptcy is not an option, but we can’t do this anymore! We have about 20 collection accounts on our credit. One repo, the rest are medical bills, payday advances, student loans, back taxes, etc. We’re tired of all of the calls and we can’t pay rent and maintain our current expenses like daycare, food, transportation, etc and pay off these bills. Should we file? Our credit scores are between 510 and 520 how much worse can it get?

Technorati Tags: back taxes, bankruptcy, collection accounts, credit scores, food transportation, medical bills, payday advances, student loans