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What is bankruptcy refinancing?
Bankruptcy refinance helps homeowners who had bankruptcy or other credit matters get a home loan to find a payment assistance, and helps restore their credit while also achieving their financial security.
If you are a co-borrower on a mortgage and the other co-borrower has just filed bankruptcy will this affect your credit rating?
Yes. I co-signed for an auto loan and the other borrower filed bankruptcy without notifying me. I was in the process of buying a home and before I went to settlement they pulled my credit again and her bankruptcy came up - preventing me from getting the house. So yes it will affect your credit because it will show up on your credit report that that person has filed for bankruptcy.
How much do you need to put down on a home loan if you have a 2 year bankruptcy with a current reaffirmed car loan and no other credit?
The amount of a down payment would be the decisions of the lender. That decision would be based in part on your current credit history, and financial situation. Some lenders consider someone who has had a recent BK discharge as a good risk. The presumption being that the applicant is (or should be) almost debt free.
What is the score that filing chapter 7 bankruptcy drops your credit to?
There is not a specific score that your credit drops to after a bankruptcy. Your credit doesn't only depend on that one thing, but the rest of your credit history as well, and sometimes it will go up on certain credit reports since now you will compared to other people with bankruptcies on their record, instead of other people without. See the related links for more information.
How can you get a bankruptcy removed from equifax when it has been removed from the other credit bureaus?
If you have checked your report from Equifax and a discharged bankruptcy is on there, you can simply write to them with the amendments and they are obliged to correct their report.
If you filed bankruptcy separate from your spouse and have a hard time repaying your reaffirmed debt does that count against you?
My guess is that late payments on reaffirmed debt(s) affect one's credit the same as late payments on any revolving credit. 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.
What is bankruptcy refinancing?
Bankruptcy refinance helps homeowners who had bankruptcy or other credit matters get a home loan to find a payment assistance, and helps restore their credit while also achieving their financial security.
You have a zales credit card it is a jewelry credit card can you file bankruptcy on this card along with your other credit cards?
Yes
If you are a co-borrower on a mortgage and the other co-borrower has just filed bankruptcy will this affect your credit rating?
Yes. I co-signed for an auto loan and the other borrower filed bankruptcy without notifying me. I was in the process of buying a home and before I went to settlement they pulled my credit again and her bankruptcy came up - preventing me from getting the house. So yes it will affect your credit because it will show up on your credit report that that person has filed for bankruptcy.
How do you fix a bankruptcy that you did not report?
A bankruptcy is not reported to the credit bureaus by the person who filed the bankruptcy. There are hundreds of operators of databases that collect information from public records and sell them to other institutions such as credit bureaus. Therefore if the bankruptcy is valid, it will be reported and placed in the public records portion of the consumer's credit report and will remain there for the required 10 year time limit. If it is a reporting error by the CRA the consumer should send a letter of dispute, with documenting evidence and demand the bankruptcy be removed from their credit report.
How long will a car repossession be on credit?
Like other credit items in your history (other than bankruptcy) it will remain on your credit report for 7 years. You may be able to have it removed sooner if it is not documented properly.
How much do you need to put down on a home loan if you have a 2 year bankruptcy with a current reaffirmed car loan and no other credit?
The amount of a down payment would be the decisions of the lender. That decision would be based in part on your current credit history, and financial situation. Some lenders consider someone who has had a recent BK discharge as a good risk. The presumption being that the applicant is (or should be) almost debt free.
Can you put an eviction in a bankruptcy?
No. Bankruptcy doesn't erase anything from your credit. In fact, it adds a very, very, bad thing to it.
What is the score that filing chapter 7 bankruptcy drops your credit to?
There is not a specific score that your credit drops to after a bankruptcy. Your credit doesn't only depend on that one thing, but the rest of your credit history as well, and sometimes it will go up on certain credit reports since now you will compared to other people with bankruptcies on their record, instead of other people without. See the related links for more information.
Can a roommate's bankruptcy have a negative effect on your credit report?
No. Not unless you all share a SS # too. The only other situation where a roomates bankruptcy would might affect your credit is if you file for a joint or co-signed loan together.
How can you get a bankruptcy removed from equifax when it has been removed from the other credit bureaus?
If you have checked your report from Equifax and a discharged bankruptcy is on there, you can simply write to them with the amendments and they are obliged to correct their report.
Will a co signers bankruptcy in Maryland effect your credit in pa?
If your co-signer has declared bankruptcy but you have not and are current on your payments it will affect your credit until the original loan is paid off regardless of what state you are in. Once that loan is paid off and your connection to the other persons credit is severed you will operate on your own credit score.
