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Answered 2006-07-26 18:46:41

It's highly unlikely a lender would consider such a request. Additionally, while participating in a Chapter 13 bankruptcy, all major financial transactions must have the approval of the bankruptcy trustee before they can be undertaken.

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Who is responsible for a preapproved credit card issued to a person that does not exist at your home address?

Any person attempting to use such a card would be guilty of fraud and/or stealing by deceit, both of which are criminal felonies and subject to prosecution.

Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?

The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.

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Debt acting like a cancerAfter the second time a chapter 7 is filed and completed, a person's credit scores may turn out better then before. The key to high credit scores entirely depends on the individual and the way in which he handles his finances. If we don't pay our bills on time and max out our credit cards, then we will be right back where we started. Filing chapter 7 is like that of a needed surgery, where in order to get out of the hole, we must cut out the debt. With high interests charges it could very well take a person a lifetime to pay everything off and especially if he's maxed out. In order for a person to get someplace, the over burden of debt must be eliminated. That's what the chapter 7 is for. Its easy to restablish good credit if the person is disciplined and determined.

Who is the person going on the moon?

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How do you get a dismissed Chapter 13 it off your credit?

I may be wrong about this, but it is my understanding that you CAN'T get a Chapter 13 off your credit report until it automatically comes off 7 years from the date it was filed. But, if it's on there longer than 7 years, you can ask the credit reporting agency to remove it. A Chapter 13 bankruptcy is listed on your credit report for 7 years regardless of why the case was filed or whether it was successfully completed or dismissed (and Chapter 7's are on your credit for 10 years). Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.

If someone with great credit co signs for some with bad credit does it help the person with bad credit?

The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.

If you filed a chapter 13 and want to get marry how long should you wait to marry?

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What are the advantages of credit sales?

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What kind of credit is extended when a person uses a credit card?

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When are you in credit card debt?

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In a Chapter 7 bankruptcy a person filing for relief is called a?

In a Chapter 7 bankruptcy, a person filing for relief is called a

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a blind person with good credit has a more chance than a person who can see with bad credit maybe it's the credit of the person

Is a co-signer's credit better than the credit of the person listed 1st on the loan?

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What does limited credit experience mean?

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Why did the attorney tell us it would be seven years for a Chapter 7 bankruptcy?

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There are many prepaid credit cards that a person is able to buy without credit checks. But if a person wished to buy a "normal" credit card such as VISA there is a company called Credit Federal that requires no credit checks to purchase a credit card.

Can a person with very good credit be affected by a person with bad credit on a car loan?

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What specifically does a chapter 7 lawyer provide services in?

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Which of these makes it easier for a person to get a credit card?

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