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Credit Repair To Erase Bad Debt – Magic Or Scam?

Submitted by Anonymous (not verified) on Fri, 01/24/2014 - 13:00

Wizard isolated on the wise backgroundThe problem with credit repair is that, too often, it’s illegal.
It’s tempting to think you can control what the world knows about you. Just delete the bad stuff, keep the good stuff, and move on.
At least, that’s what the credit repair industry says to the world.

Here’s Why You May Want To Keep Paying The Mortgage After Bankruptcy

Submitted by Anonymous (not verified) on Thu, 01/23/2014 - 08:00

Couple moving into a new house
Walk out of bankruptcy debt-free? Maybe, but if you don’t pay the mortgage then you’ll still lose the house.
When you take out a loan to buy real estate, the bank takes a lien out on the property. Fail to pay the mortgage and the bank will foreclose on the lien to take back the property.

Your One-Stop Guide To The Discharge In Bankruptcy

Submitted by Anonymous (not verified) on Wed, 01/22/2014 - 08:00


You want to go through bankruptcy to get a discharge. The problem is, you likely have no idea as to what that means.
In the real world, a discharge is grounds for a trip to the doctor.
But in the world of bankruptcy, a discharge is a legal release from personal liability for payment of a debt.
Doesn’t help? OK, how about this:
When the bankruptcy court discharges you from a debt, you don’t have to pay it back. Not now, not ever.
Of course, there’s more to it. Here’s your handy guide to the discharge in bankruptcy.

Why Bankruptcy May Be A Good Choice For Cash-Strapped Seniors

Submitted by Anonymous (not verified) on Tue, 01/21/2014 - 08:00

elderly people filing bankuptcyThe elderly are less prepared for retirement and deeper in debt than ever before.
The Employee Benefit Research Institute’s 2013 Retirement Confidence Survey reveals that only 46% have saved less than a total of $10,000 towards retirement.

What You Need To Know About Government Rules For Getting A Mortgage After Bankruptcy

Submitted by Anonymous (not verified) on Mon, 01/20/2014 - 08:00


Want to buy a home after bankruptcy and qualify for a mortgage?
Thanks to various government programs, you can – and a lot faster than you would expect.
The government knows how many people file for bankruptcy each year, and recognizes that preventing them all from becoming homeowners would kill the real estate market.
Luckily there are a number of programs out there to help you get a mortgage after bankruptcy.

Two Ways Your Creditors Can Force You Into Bankruptcy

Submitted by Anonymous (not verified) on Sun, 01/19/2014 - 08:00

Your creditors can force you into bankruptcy – literally and figuratively.
At least twice a week someone tells me that they’d never file for bankruptcy if only their creditors would “work with them.”
It’s as if the credit card companies, car lenders and mortgage banks are conspiring against you.
What you don’t know is that in some ways, they are doing just that.
Creditors Often Don’t Care If You File For Bankruptcy

How To Live A Full and Happy Life Without Credit Cards

Submitted by Anonymous (not verified) on Sat, 01/18/2014 - 08:00


Think back to a time when you didn’t have any credit cards.
Life was simpler, wasn’t it? Buy something and pay for it once, never worrying about interest charges or falling behind.
It can be that way again. All you need to do is approach the world with the same level of rationality as you did in the past.
Here’s how.

6 Steps To Take When You Leave A Creditor Off Your Bankruptcy Schedules

Submitted by Anonymous (not verified) on Fri, 01/17/2014 - 08:00

Ever forget where you put your keys? This clunky mass of metal and plastic, a critical piece of your day-to-day life, just goes missing.
Frustrating, but it happens. And most of the time, you’ll eventually find them sticking out of the lock of the front door or buried under a pile of mail on the table.
The fact that you can forget something so important makes it easier to understand how you can forget a particular creditor when compiling information for your bankruptcy case.

8 Dirty Secrets Of Debt Settlement

Submitted by Anonymous (not verified) on Thu, 01/16/2014 - 08:00


Most people have a vision of debt settlement that doesn’t match up with reality.
I started seeing debt settlement ads on television and the radio when I first began practicing law in 1995.
What originated as a small industry became a behemoth seemingly overnight as the economy tanked and everyone started realizing they couldn’t possibly pay all their debts.

10 Reasons Why Chapter 13 Is A Better Bankruptcy Option

Submitted by Anonymous (not verified) on Wed, 01/15/2014 - 08:00

Best Service
If you need to file for bankruptcy, Chapter 13 should be your first choice whenever possible.
There are, for the most part, two types of bankruptcy cases that people file when they want to get out of debt – Chapter 7 and Chapter 13.
Chapter 7 is deceptively simple, involving just a few months in the court system and a quick exit to a (mostly) debt-free life.

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