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What else can I help you with?
Can a credit card company you just got a card from argue with the Ch 7 if you recently transferred a balance over to them due to lower interest rates?
Any creditor can ask to be excluded from the bankruptcy discharge. It is up to the judge to decide if it would be allowed. That issue will be addressed in the 341 hearing.
What is the difference between a secured creditor and an unsecured creditor in terms of their legal rights and priority in the event of bankruptcy?
In bankruptcy, a secured creditor has a legal right to specific collateral that secures the debt, giving them priority in getting paid from the sale of that collateral. An unsecured creditor does not have collateral securing the debt, so they are lower in priority and may not receive full payment.
Will a creditor accept a lower payoff amount?
A creditor will usually accept a lower payoff amount when requested. Usually a lump sum payoff will result in a lower due balance.
Does having a cosigner lower the interest rate?
The cosigner can be held responsible for the loan if the original signer does not repay. Thus, the creditor has another means of access to the money, similar to collateral, and thus the presence of a cosigner lowers the interest rate.
What is better a higher or a lower percentage?
If you are receiving interest on an assett, a higher interest is better. If you are paying interest on a debit, a lower interest is better.
Can a credit card company you just got a card from argue with the Ch 7 if you recently transferred a balance over to them due to lower interest rates?
Any creditor can ask to be excluded from the bankruptcy discharge. It is up to the judge to decide if it would be allowed. That issue will be addressed in the 341 hearing.
What is the difference between a secured creditor and an unsecured creditor in terms of their legal rights and priority in the event of bankruptcy?
In bankruptcy, a secured creditor has a legal right to specific collateral that secures the debt, giving them priority in getting paid from the sale of that collateral. An unsecured creditor does not have collateral securing the debt, so they are lower in priority and may not receive full payment.
Does updating collection accounts to a bankruptcy lower your credit score?
The fact of filing bankruptcy is already going to lower your credit score, and the point of bankruptcy, part of it anyway, is to resolve unpayable debt such as collection accounts. It is in your best interest to add the collection accounts to your bankruptcy, but if you consult your BK attorney, he is likely to advise you of this. The bankruptcy is the first next step in repairing your credit and improving your credit score.
Will a creditor accept a lower payoff amount?
A creditor will usually accept a lower payoff amount when requested. Usually a lump sum payoff will result in a lower due balance.
Does having a cosigner lower the interest rate?
The cosigner can be held responsible for the loan if the original signer does not repay. Thus, the creditor has another means of access to the money, similar to collateral, and thus the presence of a cosigner lowers the interest rate.
What was one thing the farmer's alliance worked for?
Lower interest on bank What_was_one_thing_the_farmers_alliance_worked_for- Novanet sucks!
When an appellate Judge overturns a lower Judge's ruling can the lower Judge once again overturn the decision?
The lower court cannot overturn the higher court's decision.
What is better a higher or a lower percentage?
If you are receiving interest on an assett, a higher interest is better. If you are paying interest on a debit, a lower interest is better.
Once a bankruptcy is discharged will getting a co-signer help obtain a lower interest rate on a new mortgage?
In most cases if you bring a strong credit co-borrower into the situation you will be able to get a lower interest rate on a new mortgage. However, there are some government insured programs that do not discriminate against Bankrupts, and their rates are very competitive.
If you call your creditors before filing for bankruptcy will they try and help you out with your delinquent payments?
The very last thing a creditor wants to see a comsumer do is file banruptcy, especially a chapter seven total liquidation. Most lenders if they believe the involved party can honor a modified payment agreement will work with the person. In some cases a creditor will lower the interest rate or even suspend it for a set period of time, usually no more than six months. The consumer should be prepared to provide proof they are unable to pay the present agreement and what terms they believe they can manage in the future.
How can you refinance your home for a lower interest rate while in a chapter 13 bankruptcy if you do not want to pay off the bankruptcy and do not want to 'cash out'?
While participating in a chapter 13 the petitioner cannot refinance, sell, transfer or otherwise real property without receiving permission from the bankruptcy court/trustee to take the action. Therefore the issues cited are not relevant until/unless permission is granted.
I filed Bankruptcy can I still buy a home?
yes, but it will depend on what you have done since the bankruptcy and of course the lower your score, the higher your interest rate will be. Best thing is to clean up your credit as much as possible and get some revolving and installment accounts. Keep them in good standing. You will need cash down too in this market.
