How I Ruined My Credit

by Frances Lexington A few months, I went through some rough moments in my life. I got laid off after the company I worked for went down. The bills piled up and I was unable to make my monthly payments. Eventually, all of my credit card accounts were charged-off and sent to collection agencies. My life became a living hell of collection calls and non-stop harassment from debt collectors. Finally, I filed bankruptcy and was relieved of my debt, but the damage to my credit was already done. [more...]

Date: 2009-08-05 17:13:14

Blog posts (44) | Videos (125)
 

Low Rate Loan For Poor Credit People

by katie George Sometimes bad credit history like unpaid debt, default, arrears, bankruptcy, ... , without checking their credit history. A secured loan requires your property such as home, car, bond or any other acceptable form as security against the loan. So bad credit borrowers who needs [more...]

Date: 2009-01-02 11:36:14

Financial Planners Weigh In On Debt Relief

Ever since launching this Bankruptcy in Indiana blog series, I've kept coming back to the topic of debt consolidation, debt settlement, credit counseling, and debt repair, all forms of help being offered to debtors as alternatives ... With Credit Repair. Three weeks ago, in the "Personal Finance" section of the Indianapolis Star [more...]

Date: 2009-01-14 12:13:43

More Info On Good Credit History

Bankruptcy is an option but the laws havechanged and it is not always the best way ahead ... you may have ended up hindering you. Bad Credit Personal Loans Getting your credit card debt ... . It is often the case that these credit card debts have increased over a period of time because [more...]

Date: 2008-12-20 06:29:26

Debt Consolidation Tips & Resources

Hubby and I are discussing about getting a credit card for myself so that we can use it for good in the future ... of debts in credit cards. Until one day, he ended up of bankruptcy. Bankruptcy is really a bad idea because your credit line will be bad, you can’t apply for a loan instantly especially housing loan [more...]

Date: 2008-07-09 12:33:16

Taxpayer "cramdown"

Boom! Boom! Boom! Boom!If you are wondering what the noise is its my forehead slamming against my desk.Ughhhhh.....Welcome to the mortgage "cramdown"! ... , and borrowers have to prove it wasn’t.3) Bankruptcy judges can strip away a lender’s credit or rights ... giving bankruptcy judges power to erase mortgage debt would increase costs for future homeowners [more...]

Date: 2009-01-08 22:41:00

How To Repair Your Credit If You File Bankruptcy

Debts are piling up. Bills are coming in. Collections agencies are phoning and sending you certified mail demanding money ... the recently bankrupt as customers. And now is the time to begin credit repair. Immediately after ... and when they will be able to regain their credit. The following should help you understand that the future [more...]

Date: 2008-10-27 15:03:50

Taking A Wise Step on Debt Consolidation

Talking about recession and credit for a while take me further to browse about how many people are currently getting an overwhelming debt situation ... ! # Have One Easy, Low Monthly Payment # Avoid Bankruptcy # No Credit Checks - Bad Credit OK # Home [more...]

Date: 2009-01-14 23:54:55

How To Repair Your Credit If You File Bankruptcy

Debts are piling up. Bills are coming in. Collections agencies are phoning and sending you certified mail demanding money ... the recently bankrupt as customers. And now is the time to begin credit repair. Immediately after ... and when they will be able to recover their credit. The following should help you understand [more...]

Date: 2008-10-13 06:23:15

Bush Working on "Orderly" Auto Bankruptcy

Apparently the President has heard the voices of his own party, ... bankruptcy court is the best way to work through credit and debt and restructuring," he said during ... -planned bankruptcy for the GM and Chrysler that would safeguard against a chaotic reorganization [more...]

Date: 2008-12-18 19:04:54

Best Way To Improve Your Credit Score After Bankruptcy

by Jack Bronson The attitude towards bankruptcy is changing gradually today. As more and more people go for bankruptcy filings, it is no more looked at as something negative. When the debtor is unable to pay back his or her loans they go for bankruptcy filing. This is basically telling the court that he or she does not have any resources to payback one?s debts. Both individuals and companies are allowed to file bankruptcy in the federal court. [more...]

Date: 2009-09-25 14:16:12

Bankruptcy Repair Strategy That Will Improve Your Credit Score

by Jack Bronson The attitude towards bankruptcy is changing gradually today. As more and more people go for bankruptcy filings, it is no more looked at as something negative. When the debtor is unable to pay back his or her loans they go for bankruptcy filing. This is basically telling the court that he or she does not have any resources to payback one?s debts. Both individuals and companies are allowed to file bankruptcy in the federal court. [more...]

Date: 2009-09-25 14:12:53

Life After Debt

By Alphonso Smith Bad credit hangs over your head like a deadly guillotine. Although it can be all comsuming, it can be overcome ... is that bad credit and bankruptcy do not necessarily deprive a person from obtaining a credit card ... out there that specialize in giving unsecured credit cards to people with bad credit. Their thought [more...]

Date: 2008-12-15 20:03:13

Free Money Debt Grants

Debt grants help individuals and families get the financial aid they need without filing for personal bankruptcy or destroying their credit or just making matters worse by using more lines of credit. We all know that pay day loans, for example ... in the future. Your credit will be destroyed. Debt counselors might be able to create good results [more...]

Date: 2009-01-14 12:24:03

Get A Fresh Start After Filing For Bankruptcy

Get A Fresh Start After Filing For Bankruptcy Posted admin in Uncategorized Comments Off Because of a number of problems that can arise, ... . There is credit counseling available when people are overwhelmed with debt and sometimes they even ... to consult with a bankruptcy lawyer, or a credit counseling service at the very least. Many people try [more...]

Date: 2009-01-17 18:00:33

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

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

Credit Bankruptcy - Essential Information

Someone once said that bankruptcy is essential in order for capitalism to survive ... if they know that this action will remain on their credit record for a long period of time. Even from the beginning, debtors ... (if not all) of the debt is forgiven. Are there any disadvantages? First of all, each future credit check [more...]

Date: 2009-01-16 00:24:18

Quick Bad Credit Loans: Fast Financial Aid for Bad Credit People

People suffering from several debts like defaults, IVA, bankruptcy, etc. can easily avail quick bad credit loans. Borrower can get the money in their bank account within a day. To avoid extra burden [more...]

Date: 2009-01-13 12:56:21

debt consolidation and serious talk...

I noticed that my friends, (especially C & J)and I have been talking about serious matters in life ... consolidation or Personal Loan. Apparently, they need one because her husband would likely be deducted ... Payment # Avoid Bankruptcy # No Credit Checks - Bad Credit OK # Home Ownership Not Required [more...]

Date: 2008-12-10 19:54:00

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

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

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

$150 000 in debt with credit card

I am about 27 years old and I am $150 i debt from bad spending habits and house payments as well as loans. I have kept a job but i am only able to pay little of my debt as just keeps increasing. I am looking into bankruptcy but i would like some further consulting. Thankyou Posted from: Ontario [more...]

Date: 2008-12-10 18:42:34

Fuck Wall Street

One part of my job requires that I keep abreast of financial stories, ... that it cannot erase their credit card debt, or enable them to stay in their homes anymore.I know, it’s hard ... , individuals in bankruptcy were allowed to take money out for their mortgage first, and pay credit [more...]

Date: 2008-12-17 23:58:00

Book Review: Personal Finance for Dummies

Another book review.  This time I’m reviewing Personal Finance for Dummies by Eric Tyson!  ... your net worth.  It explains to you about FICO and what your score might mean.  It also discusses ... to deal with debt.  Do you use savings or cut up your credit cards.  Should you file bankruptcy [more...]

Date: 2008-10-16 19:53:54

Bankruptcy Advice You Might Find Helpful

Bankruptcy Advice You Might Find Helpful October 29th, 2008 Subscribe To Our Feed Bankruptcy advice varies, depending on who you ask ... accounts in collections. When you’re seeking advice from a credit repair attorney, be sure to double ... . A credit card debt reduction company might say that it’s better to just stick it out, settle [more...]

Date: 2008-10-29 15:56:01

Debt Consolidation Loans: Get Rid of the Debt-Danger

Debt- it adds a lot of troubles to our life. Debt-burden, harassing and untimely calls by creditors make our life so terrible ... to your requirement. Debt consolidation loans are also obtainable for those persons, who have a bad credit history, arrears, bankruptcy or CCJs. But in this case, lenders will charge higher interest rate [more...]

Date: 2009-01-16 16:17:03

Another One Bites The Dust

Bankrupt Circuit City Stores Inc., unable to work out a sale of the company, said Friday it will go out of business - closing its 567 U.S ... such as KB Toys, Mervyns LLC and Linens ‘N Things into bankruptcy. Experts believe ... had been seeking a buyer or a deal to refinance its debt, but the hobbled credit market and consumer [more...]

Date: 2009-01-17 18:54:50

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

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

Lithuanian firm turns to witchcraft to hunt down debtors

Lithuanian firm turns to witchcraft to hunt down debtors by The Associated Press Thursday January 15, 2009, 8:15 AM VILNIUS, Lithuania (AP) ... who are failing to pay their debts amid the credit crunch. "There are certain people, who are using ... help those who are in real trouble, suffering from psychological impact of bankruptcy and depression." [more...]

Date: 2009-01-15 14:06:01

Faux Marx

Faux Marx Laura of 11D says this quote is making the rounds of Wall Street ... unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalised ... no one in 1870 imagined the working class having access to bank credit. Poor people might get some time [more...]

Date: 2009-01-14 18:43:29

Debt Management Keeping A Check On Your Finances

Money is available at an all time low interest rates in market. Easy credit is luring people to take money from creditors these days ... bad credit such as arrears, defaults and bankruptcy in the past their requirements are also catered [more...]

Date: 2009-01-15 02:06:13

CIT seeking $10 billion loan, sources say

CIT is negotiating a new credit facility of up to $10 billion that could help the finance company pay off debt and stave off bankruptcy, people familiar with the situation said. more [more...]

Date: 2009-09-30 06:48:00

When It's Time to Wave the White Flag and File Bankruptcy

Sometimes, despite our best intentions to pay back our debts, our individual circumstances make it an impossible task ... ) Have you tried debt consolidation but can't get approved for the loan? Are you unsure how much ... just the minimum payment on your credit cards each month? Do you often skip bill payments in order [more...]

Date: 2009-01-08 02:07:50

Firm hires witch to hunt debt dodgers

  In these difficult times for creditors, a Lithuanian debt collector is offering an unconventional service to retrieve arrears: ... the credit crunch. “There are certain people, who are using this crisis situation and refuse to pay ... trouble, suffering from psychological impact of bankruptcy and depression.” Local pundits, however [more...]

Date: 2009-01-17 09:00:40

Argentina's bankruptcy—still proceeding

THE AMERICAS: "Argentina: Better late than never; Ms Fernandez tries to charm the markets by revisiting the 2005 debt swap," The Economist, ... in from the cold. Fernandez does this to repair the country's credit perception as she seeks to float ... 27 September 2008. When Argentina went through its IMF-sort-of-approved sovereign bankruptcy [more...]

Date: 2008-10-20 12:35:58

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

Home Foreclosure Resources & The Foreclosure Survival Guide by Steve Elias - New Nolo.com Book

Hi Friends, As most of us know, Nolo.com is the best Website for consumer and small business USA legal information ... specific sections with articles & FAQs on Foreclosure, Credit Repair & Debt, Bankruptcy and Social Security ... , bankruptcy, credit law and foreclosures. Well... as our country slowly quickly moves into economic [more...]

Date: 2008-10-13 02:18:00

Making a Plan to Get Out of Debt

by Ray Lam Debt elimination sounds so good to people with financial problems but can also seem like a unattainable dream ... bankruptcy debt discharge may not completely legally eliminate debt leaving you will a bad credit ... consolidation loan. Although debt consolidations do not erase the debt, they will eliminate credit card debt [more...]

Date: 2008-08-11 07:20:28

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

Roundup - Tis the Season

To go shopping, hang out with friends, gather families, share food, bring laughter, and build memories. Happy Holidays! Banking, Credit, and Debt Credit Karma writes How Does Bankruptcy Affect Your Credit? The Sun’s Financial Diary posts How to Use Your Credit Card without Going in Debt. The Consumerist with How [more...]

Date: 2008-12-14 13:22:47

Debt Settlement, Bankruptcy and Credit Ratings

by Eric Jilson Debt is often one of the largest expenses people may have ... credit card debt where the interest rates are quite high. Your best strategy is to pay all you can towards that debt and only use your credit card in emergencies. There are caveats; it’s also a good [more...]

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

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