Removing Bankruptcy From Credit Report

by Matt Douglas With a bankruptcy mark on your report your score will be lowered considerably. However there is hope, you can remove this mark and by building some positive credit ... , a dispute letter must be sent to each bureau disputing the accuracy of the mark. Upon receipt [more...]

Date: 2008-12-26 09:47:42

Blog posts (46) | Videos (68)
 

Good Credit Report Score

Good Credit Report Score December 20th, 2008 Subscribe To Our Feed Bankruptcy is an option but the laws have changed and it is not always the ... establishments that promised to help you may have ended up hindering you. Bad Consolidation Credit loan personal Getting your credit card debt relief procedure started is the most important thing [more...]

Date: 2008-12-20 06:19:18

Personal Decisons When Filing Personal Bankruptcy

by Grace Holt Unemployment has reached a fourteen-year high. Bankruptcies in Florida are no exception ... that should be considered. Bankruptcies stay on your credit report for ten years. Bad credit ... proportions. Deciding to file bankruptcy is not an easy decision for most people. Most people want to pay [more...]

Date: 2009-01-13 12:14:46

Removing Bankruptcy From Credit Report

By Matt Douglas If you have filed bankruptcy you should expect your credit will be severely damaged ... that you do not feel is accurate. Often people are concerned with the legality of credit repair ... . However there is hope, you can take action to remove your bad credit and by building [more...]

Date: 2008-12-26 09:57:05

How Fast Can You Get A Home Loan After Bankruptcy?

One of our readers, Desiree, had this question: Is there any possibility of getting a home loan sooner than 2 years after a bankruptcy discharge? ... . Companies that I had included in my bankruptcy continued to report my accounts as open on my credit ... Negative Information On Your Credit Report - Obviously you don’t want to challenge every single [more...]

Date: 2009-01-06 16:28:19

Following Complex Financial Times You Can Rebuild Your Credit

Upgrading credit after a interval of monetary hardships, bankruptcy, repossessions or other monetary strain that blemishes any credit report can be scary and baffling. For most people these are times of hideous strain. But times change and situations change so don't let the relief than comes when the wages and money get back in line be overshadowed by the tribulations left on the credit report. [more...]

Date: 2009-09-30 14:11:53

Credit Repair After Bankruptcy

by Matt Douglas If you have a bankruptcy on your credit report you probably feel like there is no way to escape a low score ... . People frequently ask if credit repair is legal. It is not only legal but this act explicitly says ... is that this mark does not have to remain on your credit for 10 years. To remove it we suggest [more...]

Date: 2009-01-07 23:54:48

What You Should Know About Credit Report Repair

by Ray Lam A credit report is a powerful piece of paper. Lenders look at it closely when deciding whether or not to give you a loan ... as filing and handling the disputes yourself. Don’t fall for the ads that claim an agency can erase bad ... information. If you have had a bankruptcy, the only thing that will legally remove it from your credit [more...]

Date: 2008-06-28 11:49:16

Repairing Credit After Bankruptcy

by William Blake There are few situations that will cause as much as much devastation to your credit as claiming bankruptcy ... , but as well to check for errors. You are going to want to review your credit report and see ... , which is important to keep in mind. Any strike against you on your credit report (including [more...]

Date: 2008-11-14 15:43:40

There are many good and useful companies out there that offer true debt relief and negotiation, but there are also many that are simply scam artists ... your bills into one monthly payment without borrowing" "STOP credit harassment, foreclosures ... on your creditworthiness. A bankruptcy stays on your credit report for 10 years, and can hinder your [more...]

Date: 2008-12-20 17:14:28

How to repair your credit report after bankruptcy

For some unfortunate circumstances, you have fallen under a great financial crisis ... recovering from bankruptcy, you would surely find ways on how to repair your credit report ... . Maybe due to an injury or you got involved in a business that went sour. Whatever might [more...]

Date: 2008-08-28 11:35:37

I received my Bankruptcy Discharge, now what?

Congratulations! If you received a “discharge of debtor” notice from the bankruptcy court your bankruptcy case was a success ... Law Firm, LLP will automatically receive a pre-populated letter to all 3 credit agencies ... of the reporting.  This is a crucial element of post-bankruptcy credit repair, as once [more...]

Date: 2008-12-18 19:12:28

Credit Repair After Bankruptcy

by Matt Douglas With a bankruptcy mark on your report your score will be lowered considerably ... repair, and you should know you will never be fined, prosecuted, arrested, or face any legal action ... . However there is hope, you can remove this mark and by building some positive credit [more...]

Date: 2009-01-04 12:44:30

Credit Repair After Bankruptcy

by Matt Douglas With a bankruptcy mark on your report your score will be lowered considerably ... is accurate. Often people are concerned with the legality of credit repair, and you should ... . However there is hope, you can remove this mark and by building some positive credit [more...]

Date: 2008-12-26 10:07:50

Credit Repair Scheme Promises Fast Score Increases But May Be Illegal

Establishing a good FICO credit score isn’t all that difficult; all you have to do is pay your bills on time ... to wipe out a judgment or a bankruptcy from your credit report. Most consumers, understandably, would rather not wait that long and there is not shortage of companies that promise to repair credit [more...]

Date: 2009-01-08 08:18:32

Credit Card Debt: Next Big Hit to Banks?

Given how overextended consumers are, and how banks have been cutting back on the cheapest piggybank, home equity loans, by slashing those credit lines, and the reports of rising delinquencies from even conservative ... in credit card losses. But under the new bankruptcy code, if you do no qualify for Chapter 7 bankruptcy [more...]

Date: 2008-10-01 09:17:30

Delete Late Pay History

by Matt Douglas Late payments are not created equal; a 30 or 60 day late pay will not damage your score much, and can often be removed ... . There are a few exceptions such as a bankruptcy. The Fair Credit Reporting Act clearly says [more...]

Date: 2009-01-08 14:53:06

Weekly Carnivals

So this week I’m starting a turbotax giveaway.  Subscribe to my RSS or Email feeds in the left sidebar, and EMAIL me the secret word; ... of Money Stories 12-22-08 Carnival of Credit Report Stories 16th Carnival of Bankruptcy and Debt 12-20-08 Carnival of Financial Planning 2nd Everything Credit Carnival I admit to not really reading [more...]

Date: 2009-01-04 20:35:39

Tribune Company Weighing Bankruptcy

Tribune Company is considering whether to file for bankruptcy, according to several news reports out today ... . has cash and could draw on an existing line of credit with its senior lenders to pay Monday's bill ... how seriously Tribune is considering bankruptcy, according to a cautiously written report in The New [more...]

Date: 2008-12-08 20:57:31

Avoiding Bankruptcy

Avoiding Bankruptcy completely would be best for anyone considering the options, however in some cases, ... to attain a loan again, for example, and it will in fact stay in big red letters on your credit report ... would be speaking with a credit counselor. They have the ability in helping you possibly consolidate [more...]

Date: 2009-01-16 02:11:52

The Debt Trap

It’s a lot more expensive and complicated to file for bankruptcy now (thanks, Republicans and their Democratic enablers!) ... who concentrates on bankruptcy. “There is no equity to pay off their credit cards ... are under the mistaken impression they can no longer file: Bankruptcy lawyers report [more...]

Date: 2008-11-16 13:29:46

New York City Bankruptcy Lawyer amp; Attorneys - Chapter 7

div style=’float: right; width: 100px; padding: 5px; margin: 5px; background-color: #FFFFCC;’font size=1font color=’#cc0000′bTip! ... include child support, taxes, student loans etc./ppOne bad aspect of filing for personal bankruptcy is that it will stay on your credit report for ten years. Obviously, this makes applying for new [more...]

Date: 2009-01-11 16:15:36

Bankruptcy and Credit Repair: Answering A Few Questions

One of our readers, Jnet, sent us this question: Due to a permanently disabling illness, I lost my job and had to file bankruptcy 2 years ago ... . I had no choice. Here it is, two years later and one of the Company’s hit my credit report with 4 dings, listing 4 charge offs? Can they do this? Will all the rest hit me too? my credit number was low [more...]

Date: 2008-10-21 14:33:56

Bye Bye Nortel

Once North America’s 2nd largest telecom equipment maker, Ontario-based Nortel Networks Corp. (NT) filed for bankruptcy this morning ... . In its bankruptcy filing, Nortel reported that it owes $187m on that line of credit. ... s expiration of a 30-day waiver granted by Export Development Canada on a (US) $750m line of credit — [more...]

Date: 2009-01-14 18:01:54

The Gottschalks bankruptcy

A few thoughts about Gottschalks Inc. filing for Chapter 11 bankruptcy earlier today: 1 ... becomes even tougher in a credit crunch; a consultant told me there's precious little credit available ... environment: my colleague Mark Glover reports that Ann Taylor and Banana Republic are closing their stores [more...]

Date: 2009-01-15 01:15:47

Credit Suisse implicated in latest US major media failure

Minneapolis, Minnesota, US and Zurich, Switzerland (GenevaLunch) - Credit Suisse has been named as one of the largest creditors in the chapter 11 bankruptcy filing ... been published. The Irish Times in December reported that Credit Suisse remains one of the world’s best [more...]

Date: 2009-01-16 22:53:49

Random Weekend Reader

SINCE I’M BROKE and the economy has been tanking I’ve been perusing a lot of economics blogs ... , ways to avoid medical bankruptcy, and how to write letters to fix your credit report. Cons: many [more...]

Date: 2008-10-19 00:46:18

In Credit Default, AMI Skirts Bankruptcy Filing

As part of its quarterly financial report, American Media Inc. said it is has again extended its loan payment, which was originally due September 25, until January 26. The payment was previously extended until January 15. read more [more...]

Date: 2009-01-12 14:46:24

Tough Times For Retailers - And Shopping Center Owners

It looks like that there will be a great deal of downward pressure on retail landlords in the coming year ... s LLC, have sought bankruptcy protection this year as the credit squeeze and recession drained sales ... when they file financial reports, said Burt Flickinger. via Bloomberg.com Thanks for reading this post [more...]

Date: 2008-12-30 12:32:50

TOPWRAP 1-More economic pain seen in 2009, govt’s to pump up aid

Investors said good riddance on Wednesday to one of the worst years on record and prayed that massive government rescue plans will pull the global ... -term as bleak economic reports roll in, signalling more bankruptcies, bad debts and layoffs through ... struggling to pay off mortgages and credit card bills. “It has been a shocking year, hardly anything [more...]

Date: 2008-12-31 05:44:34

Economic Potpourri January 17, 2009

Here are a few headline news reports of interest from the past few days on banks, oil, pensions, bankruptcies, the Vancouver Olympics, ... credit crisis.Berkeley, Ill.-based National Bank of Commerce was shut down and he FDIC said ... deposits. 27 down another hundred or more to go.Fed May Purchase Treasuries in Days to Ease Credit [more...]

Date: 2009-01-17 11:05:00

Scarcity of Debtor-in-Possession Financing Forcing Earlier Bankruptcy Filings

In more normal times, when a company faces the risk of bankruptcy but believes it has a viable business, ... a $50 million letter of credit and continued use ... report on these adaptations suggested that they were a far less than ideal solution [more...]

Date: 2008-12-13 06:17:52

Bankruptcy reform *now*!

David Sirota:Back in December, I published a newspaper column looking at a little-noticed Federal Reserve Bank report showing that the Bankruptcy ... s the Democratic Dear Colleague letter I just got my hands on that is being circulated in the House:Dear ... facing foreclosure or otherwise delinquent on their payments. Credit Suisse now estimates that 8.1 [more...]

Date: 2009-01-12 20:35:29

What are your alternatives for filing bankruptcy?

The term ‘bankruptcy’ conjures up an image of someone publicly disgraced and broke ... for long. It will remain on your credit report for nearly 10 years due to which no reputed lender ... helps to formulate your IVA. It will help freeze your high interest debts and ensure that you are debt [more...]

Date: 2009-01-16 08:28:53

2008 brought More Law

Shrinking budgets may result in laid-off corporate attorneys, but one area’s still expanding: the case volume in federal courts. Litigation in U.S. federal courts rose 9% in 2008, reports the Law360 Litigation Almanac, thanks to disputes ... - related filings.” Corporate bankruptcy filings surged in 2008 (….). They note that “credit conditions [more...]

Date: 2009-01-14 18:48:45

How To Deal With Bankruptcy, a Job Hunt and The Wild Stock Market

I always enjoy going to Ginger’s site — the blog called “Girls Just Wanna Have Funds” ... . Credit Card: How To Dispute An Item On Your Credit Report In the meantime, Dollar Frugal hosts [more...]

Date: 2008-10-08 16:07:31

Following Up on Dubai's Implosion and the Demise of Napa's Copia

Some follow-up to two recent stories ... has prepared to file for bankruptcy and has picked up some credit in order to pay some necessary bills ... , particularly this very detailed, interesting report from the Telegraph about the possible implosion [more...]

Date: 2008-12-03 12:00:00

Investment Banks Hoist on 2005 Bankruptcy Law Changes Petard

Investment banks? What investment banks, says the alert reader ... to pull funds from the Federal Reserve more readily. The Financial Times report that the changes ... about having credit exposure and can start curtailing certain types of activities and close accounts [more...]

Date: 2008-10-31 14:00:01

Deals of the Day: Citi’s Split Personality

Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity ... of America’s credit-loss provisions surged, while a preliminary loss of $15.31 billion at Merrill Lynch ... to Citigroup on business cards, brochures and marketing materials, Bloomberg reports. Bloomberg Today [more...]

Date: 2009-01-16 14:02:58

Lehman, Metavante and the ISDA Master agreement

On Monday, FT Alphaville remarked upon a report by Finance Asia on a ruling in a US bankruptcy court that, as we put it, "may turn out to be something of a game-changer" as far as the world of credit derivatives was concerned. In short, past assumptions regarding counterparties' ongoing obligations to bankrupt swap partners appeared to have been torn up.... [more...]

Date: 2009-09-30 11:50:12

Tribune Goes Bankrupt - Reporters Blaming Zell

You would think that the bankruptcy of the Tribune Company would be an indicator of a dying industry, newsprint ... was that the leverage of the credit market would be gone when it came time to refinance. But critics ... that Zell infuriated all I have to say is too bad. The road that you were on was one of failure [more...]

Date: 2008-12-09 14:43:11

Bonita Springs Florida Monday Mortgage Report 04-27-2009

Mortgage Rates Hit 5 Year High This week it is projected that mortgage rates will reach a 5 year record high.  Thanks to declining markets, credit lending guidelines tightening down, banks going out of business or merging to avoid bankruptcy, and many other economic factors, potential homeowners will now be facing an even more difficult time in trying to qualify for a new home due to the sharp an sudden increase in mortgage loan interest rates. [more...]

Date: 2009-04-27 13:42:00

Speculation: New York Times May File for Bankruptcy by... May?!?

—Ace It's more than just idle speculation. The Times is sitting on a lot of debt that comes due in that time-frame, ... assets forever. Earnings reports released by the New York Times Company in October indicate ... we have had with lenders, we expect that we will be able to manage our debt and credit obligations as they mature [more...]

Date: 2009-01-09 19:04:16

Credit-Related Q&A and GIVEAWAY

The other day I received an email from an AFM reader with several questions related to bankruptcy and credit reports ... especially bankruptcy can be listed on an individuals credit report? I also would ... . Since credit-related questions are one of my weaker areas, I have made it a habit to send those [more...]

Date: 2008-07-17 17:12:04

Bankruptcy

Bankruptcy is an individual’s legally declared inability to pay back debt owed to creditors. There are several different types of bankruptcies ... not require you to liquidate your assets. How does bankruptcy affect my credit and credit score? Bankruptcy does not look very favorable on your credit report and should be considered a last resort [more...]

Date: 2008-12-16 03:00:27

Credit Repair After Bankruptcy

by Matt Douglas If you have a bankruptcy on your credit report you probably feel like there is no way to escape a low score ... is accurate. Often people are concerned with the legality of credit repair, and you should ... when they investigate a dispute, thus the listing will not be verified. The Fair Credit Reporting Act says [more...]

Date: 2008-12-26 10:12:42

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