Bankruptcy Attorneys don’t mean to lie to their consumer clients, but many of them do. “With bankruptcy, you will get a fresh financial start” many of them proudly proclaim and even post that buzz phrase on their websites. “Get a Fresh Financial Start.” Here is the problem. Many times, it does not give people a [...]
How your mortgage lender can (and frequently does) illegally suppress your credit score if you have ever filed for Bankruptcy.
It’s bad enough that you had to file a bankruptcy. It's even worse when your mortgage lender stops reporting your timely made payments made after the date you filed bankruptcy and refused to report any more timely made payments. That hurts your credit score greatly. A good piece of your credit score, 35% of it, [...]
If you have ever filed for bankruptcy and Webbank is a creditor, your credit report may be illegally damaged by them.
Last year and 2020 were not great years for Webbank for its customers who had filed for bankruptcy. Numerous lawsuits had been filed against Webbank for improperly reporting a discharged debt or a settled debt as open and late. So Who or What is “Webbank”? Webbank is the bank that finances companies like Fingerhut, Dell [...]
What Happens to Credit Cards in Chapter 7 Bankruptcy? Credit Cards Get Discharged In Bankruptcy. You do not have to pay themThere are two types of debt. Secured debt, and unsecured debt. Secured debt means someone will take something from you if you don’t pay them. This is common in car loans and home [...]
You were probably screwed on your credit report by your mortgage lender. Mortgage loans are not dischargeable in bankruptcy, yet your mortgage lender probably reported your trade line as “included in bankruptcy.” Guess what? Your mortgage loan was NOT included in BK. Hence, if you made payments to your lender AFTER you filed Chapter 13, [...]
If you have filed for bankruptcy, here is how you can protect your credit report right now.
For some Minnesota consumers, bankruptcy is the best solution to overwhelming debt. However, before filing, you should know these five facts about bankruptcy and your credit.
Have debt, but want to avoid bankruptcy? Here are some possible debt relief solutions for Michigan consumers who want bankruptcy alternatives.
It is entirely possible for retired consumers in Illinois with no credit history to build good credit scores. Here are some tips to get you started.
Chapter 7 bankruptcy filers in Florida may wonder about future homebuying options. Luckily, post-bankruptcy homeownership is possible with a realistic plan.
California consumers with insurance are often surprised at the amount of medical debt created by surprise bills from ambulance companies.
Now that the smoke has cleared, fewer Minnesota consumers are panicked about the Equifax data breach of 2017, but they should still be concerned.
Some credit mistakes are obvious. For example, if an Illinois consumer stops making car payments long enough for their vehicle to get repossessed, the resulting credit score drop shouldn’t come as a surprise. However, consumers in Illinois often make accidental credit mistakes that lead to lower credit scores and loan denials. Unfortunately, they may not [...]
Pennsylvania Consumers Should Know the Major Differences Between FICO Credit Scores and VantageScore Credit Scores
Pennsylvania lenders may pull FICO scores or VantageCredit credit scores, so consumers should know the major differences between these two scoring models.
Why Consumers Should be Careful with their Credit Cards at Ohio Lottery Self-Service Vending Machines
Ohio consumers can now enjoy the convenience of purchasing lottery tickets with credit cards at vending machines, but they should do so carefully.