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Answered 2008-01-26 15:56:15

Yes. The government has an inusred mortgage program called FHA. If you have paid off all collections and are at least two years out of bankruptcy, you may qualify for this type of financing. The Victory Financial Group has specialists that deal with just this type of situation. There are also many credit repair specialists that can clean your credit and delete bad records withing months for a minimal fee. Check out or or or

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How do you qualify for Debt mediation?

To qualify for debt mediate you would work with your credit counseling organziation. They in turn will work with the creditor to see if they are willing to negotiate.

What Types of Debts Qualify for Consolidation?

Many different types of debts qualify for consolidation, including credit card debt, store card debt, personal loan debt, utility bills, and so forth.

How much debt is necessary to qualify for a credit counseling agency?

A credit counseling agency is a good bet for anyone who is struggling with debt, no matter how much debt is on the books. The service they provide if only advice is good and sound.

If you get Sued for credit card debt can they take the house?

If you are being sued by a credit card company can they take your house?

Can a credit card defaulter get house loan after the credit card debt settlement?


How much credit card debt do I need to qualify for consolidation?

Most debt consolidation companies advertise that you need $10000 in debt. There is actually no real amout, but less than $10000 and you are generally advised to pay it off yourself to save your credit.

You have a credit line and you are told that if you pay off the line over years it is not deductible If you pay it off in the year you use it it is deductible Is this right?

You cannot take any credit card debt or interest as a deductible on your taxes. Credit card debt is considered personal debt and does not qualify for tax breaks.

How does one qualify for Toyota Motor Credit Corp?

One can qualify for Toyota Motor Credit Corporation if one has no debt, has owned cars previously, and have a good FICO score. One can inquire about Toyota Motor Credit by asking at local Toyota stores.

Does medical debt from years past affect my credit?

Medical debt does affect your overall credit score. However, when buying a house or car, most of the time medical debt is not factored into the equation.

Where can someone with a poor credit rating qualify for mortgages?

You can qualify for a mortgage with a bad or poor credit rating at your local bank or credit union. You may have to do certain things such as eliminate all other forms of debt you currently have or finding a co-signer first though.

If credit card puts lien on house and i file bankruptcy can i still file the credit card in the bankruptcy?

You have to, it is a is just a secured the lien on the property.

Will your credit score go up after a cash out refinance on your home and you used the cash out to pay off all existing debt minus the house if so how long should this take?

For example, if your score is 600 and you have three credit cards with a house, your score may not change much because you are just exchanging one debt for another. The longer you pay on any debt, can help you increase your credit score. Increasing your credit score is a time sensative project.

Can you lose your house if you cant pay unsecured loans or credit card debt?


What companies specialize in Christian debt services?

Companies that specialize in Christian debt services are Christian Credit Relief, Trinity Credit, Family Life Credit and Christian Credit Consolidation. Another company that provides this service is Family Credit.

Will you be forced to sell deceased mother's house in Maryland left to and where family members are living to cover mothers credit card debt?

Yes, the house will probably have to be sold to pay off the credit card debt if there are no other assets. The alternative might be for those that live there and are to inherit to take out a mortgage and buy the house from the estate for the amount of the credit card debt and pay off the credit card bills. This would eliminate the credit card companies placing a lien on the house and allow them to get clear title.

Are you responsible for your dead spouses credit card debt if you own a house together?

Your dead spouse's estate is responsible for the credit card debt. In practice, this may amount to "you are responsible for it."

Is cash the opposite of credit?

depends on how you use the word credit. So the answer is yes, for one usage. Another opposite of credit is debt.

Where to get a credit card with bad credit?

Use a credit restoration and education provider. Another idea would be to use a service that matches you with credit cards that you qualify for. +++ But would you really want to live in permanent debt? If you go down that road you may find it harder and harder, and more and more expensive, to obtain loans in future.

If a person puts a house in life estate can a lien for credit card debt be put on a house after the person dies?


If a delinquent account was never reported and it suddenly appears on your credit report 5 or 6 years later are you still responsible for that debt?

A consumer's responsibility for a debt is a separate issue than credit reporting. If you owed a debt 5 or 6 years ago, and never paid it, you still owe it. There is a statute of limitations for how long a debt can be collected, another for how long a consumer can be sued over a debt and another for how long a debt can show on your credit report.

If you cosign an auto lease will it show on your credit report if all payments are made on time?

Yes. It shows up on your credit report as a co-signed loan. The up side is you will receive credit for a good loan on your credit report. The down side is if you apply for credit they will usually count that debt as yours since if the maker does not pay you are responsible and if they use any type of debt to income ratio to qualify that will increase your debt %.

What is known as the transferring debt from one credit card to another?

It is balance transfer.

How do you use the word debt in a sentence?

He was in debt because of the house. This is a sentence containing the word debt.

Do credit card companies usually put a lien on your house for unpaid debt?

no credit card debt is unsecured they do not normally go after you home but it depends on which state you live in, they can file a lawsuit to collect the debt, which can turn into wage garnishment.

What is the credit score requirement for a Barclays credit card?

You must have both a good credit score (600 or more) and little or no debts, you may qualify for a Barclays credit card. There are different categories that allow you to qualify for a Barclays credit card, which can be helpful for people with high credit scores but low debts or people with average credit scores with low debt. Remember that you might be denied a credit card even if you have a high credit score, due to high debts.

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