Need Money instantly Donamp#039t Have a Good Credit Score Have a car Then Cars for Cash is here to save your Day

February 27th, 2014 by admin

Not having a good credit history can wreck your chances of getting a loan. Also having a reliable source of income is considered to be a prerequisite in many organizations. So does being bankrupt and having a bad credit score will demolish that dream of pursuing college or buying that house or getting started at that venture? If you have a car that solely belongs to you, then the answer is no. You can use your vehicle to get the cars for cashloan. Not only will you get instant cash, but also your beloved car will be in good hands till you are able to payoff that loan. But before progressing on to the different aspects of this loan, let us once brush up some of the important terms that will be frequently thrown about.

ü Credit: Credit can be defined as a mutual or contractual agreement in which a party receives something of value, which must be returned to the other party after a certain time period, with or without increment added to the previous value.

ü Credit history: A copy of the previous records of borrowing and repaying of an individual or an organization.

ü Mortgage: Often, some real property of the creditor is kept as security by the debtor organization.

ü Collateral: Something that is pledged as a security for repayment of loan.

ü Credit Score: The credit worthiness of a person; usually measured on terms of his paying back his previous loans.

ü Credit Union: A nonprofit organization offering low interest loans.


What are cars for cash loan?


Imagine you go to a pawn shop to sell your assets. The values of your assets are examined and you get paid accordingly. If you manage to pay off your loan in the future, then your pawned assets are reinstated. Pretty simple right? Thais is exactly the logic behind cars for cash loan.

You have a car. You treat is like your mortgage. You get the loan. You pay it back with interest. The car is all yours again. As simple as that. To top it off, you can use your car in spite of using it as collateral.  It can’t get better than this.


What benefits will you get from cars for cashloan?
Instant cash is the first and the primary benefit of the car loans.
The effects of your poor credit history will be nada here.
No employment records are needed.


What are the requirements?
The borrower must be over the age of 18.
The ownership of the car should belong to you.
A pink slip is required for the car.

Things to remember before taking cars for cash loan:


Be well aware of the terms and conditions of the loan details.
Always pay special attention to the interest rates, terms of loan, repayment clauses of the negotiation.
Always expect the interest rates to be greater than usual.
Improve your credit history.
Always do business with a reputable company or individual.


Hassle free quick bucks is the other name of cars for cash. If you play your cards right, you might end up with a royal flush of a deal.

For more information about Title Loan for Instant Auto Title Loans and Instant Car  Loans browse through cars for cash or visit at

Closing credit cards hurt credit score?

I recently paid off about $5000 in credit card debt and am contiplating closing my credit card accts. I have allways heard people say that closing them makes your credit score go down but I do not plan on EVER using them again. I am only 21 and don’t plan on buying a house for atleast 2-3 years and I can’t imagine making any other major purchases. So my question is does paying off and closing credit card debt really lower my score and if it does should 2-3 years give it enough time to come back up? I do have other loans that I am either currently paying on or have paid off.

The credit score looks at the difference between your available credit and what you’re using. Shut down accounts, and your total available credit shrinks, making your balances loom larger, which typically hurts your score.
The score also tracks the length of your credit history. Shutting older accounts can also make your credit history look younger than it actually is, which can hurt your score.
Don’t close accounts. Fair Isaac has made it clear that closing accounts can never help a classic FICO score and may hurt it. With FICO 08, that’s even more true. You get more points for having open accounts in good standing; conversely, having a higher proportion of closed accounts can hurt you more.

How to Fix My Credit In Black And White

February 27th, 2014 by admin

Did any of you face a recent tough time in your life like you lost a job or something similar to this? Some of the reasons why your credit went from good to bad may have to do your failure to pay your bills on time because of economic concerns. Sometimes the reason why you need to recover from having a low credit score is because you have maxed out on your credit cards and as a result the collection agencies are running after you and making your life miserable in the process.

So how do you go about on fixing your bad credit history or poor credit history? First get a copy of your credit scores from the three major credit bureau. Make a list of accounts which have poor credits and separate this from those from your good accounts. List all of them from the most current to the old ones. Next write a credit dispute letter for the first two accounts to each credit bureau that has negative reports about that particular account. See to it that you are not sending dispute to the wrong credit bureau who may not have placed the negative report.

A dispute consists of a letter that tells the credit bureau that you do not agree with the information that they are reporting. Do not forget to place your right account number, your name, address and Social Security number. You need to explain why you are disputing the entry on your credit history. Once the credit bureaus received your dispute under the Federal Law they must investigate this information with your original lender. If the original lender does not provide proof of the information to repute the dispute this will be removed from your credit report. Once the negative item is removed from your report your scores will increase. For proper documentation send this via certified mail and set aside copies for yourself for future references.

Pay your current loans and credit cards 30 days before they lapse if you can’t then call on your creditors to make an arrangement of having a different payment terms that you can easily pay. Pay down your balances until this reaches a good stable 30% ratio since this will allow your credit score to drop. One of the most common credit mistake is to ask for updates after you have already paid for them. The best course of action would be to ask for credit history updates with removal of late payments and the like. Keep a good line of credit at least 3 to 6 of them since these lines of credit will be rated after a year and reported to the credit bureau as an additional way to repair your credit score and history.

If you are looking for the answer to the question, ‘how to fix my credit‘ look no further.  One important thing to keep is mind is this Lexington Law review can show you what their service can do for you to get your credit score back up to a respectable score.

fixing credit?

my husband and me wanna fix our credit.he has a bad credit(around 570)and I have no credit.over the last 3months we put payments in my name to build my credit, but its still insufficient.we thought once my credit is good, we could get his score up through my credit.
Is that possible or would it be better to fix his credit first?the problem is, we dont really have the money yet to pay his credit off!

Your credit score will not affect your husband’s credit score. If you have any joint accounts, making payments to those accounts will affect both credit scores. But if accounts are in your name only, they will only affect your credit score.

My brother has a low credit score and he has been trying to increase it over the last year or so. It can be a slow process, so you have to have some patience and be careful not to make any more late payments.

If your husband has credit card debt, he can start improving his score by at least making the minimum payment each month. If this is impossible, have him contact the credit card company to see if they are willing to lower the minimum payment. Your credit score is greatly affected by missing payments or making late payments. Try to make an arrangement with the credit card company (or companies) that will help you to make payments each month. If he has two or more credit cards carrying balances, he might be able to consolidate the debt onto one card, which can sometimes decrease the overall monthly minimum payment.

Be cautious about paying for services that claim to improve your credit. Many (perhaps most) of these will just end up costing you more money. There are many corrupt people out there trying to make money off of people in difficult circumstances.

Good Luck!

Finding The Best Credit Cards For You

February 27th, 2014 by admin

A credit card is a form of personal loan that ensures you have enough cash on hand when you need it. Anyone involved with business will tell you that cash flow is vital to the longevity of any business. In a sense your life is also a business and you must manage yourself well if you are to be successful. There are many credit cards with numerous features and benefits so finding the best credit cards for your situation can require a bit of analysis.

Depending on your situation a credit card will either be a financial drain or will help to ease the financial burden of daily living. There are many features to consider and specific cards to meet specific needs. Some of the higher end cards that offer fabulous rewards also have a very high annual fee. To make these cards worthwhile you need to be spending thousands each month. Only then will the benefits outweigh the costs. Other cards are aimed at students or those with little income. Typically they have no annual fee and feature rewards that include cash backs. I must admit that while flights, hotels stays, gadgets and gizmos are enticing my favorite reward is the plain cash back reward.

Let’s get into the nitty-gritty. Here are some of the best credit cards currently on offer – depending on your personal situation of course.

1)    American Express Platinum Card – For big spenders only! If you have the cash and don’t mind spending it this card might be for you. It has one of the largest annual fees at $450 but offers some fantastic rewards. To begin with you’ll be relieved to know that you get $200 to cover airline fees every year. If you spend over $2,000 within the first three months of being approved for the credit card you’ll also receive a bonus of 25,000 points. The Platinum also gives you a 20% bonus when it’s time to redeem your points. As you can see the bonuses add up but only if you are spending a decent amount each month. The 200 dollars to cover airline fees also makes the annual fee seem a little less dramatic.

2)    Chase Sapphire Card – You don’t like annual fees? No worries, the Chase Sapphire has no annual fees while still providing some great rewards. It has numerous travel benefits such as providing free travel insurance and rewards can be redeemed for prizes such as hotel stays or free flights! The annual percentage rate, or APR, currently stands at 15.24%. This rate is variable however so it may have changed since writing this. As an added bonus chase are giving away 10,000 points to those who spend over $500 within three months of receiving the card. This equates to about $100 in bonuses. Generally speaking you will receive 1 point for each dollar spent, but this can increase to as much as 10 points per dollar depending on the special offers available.

3)    Chase Freedom Credit Card – Do you have a large debt that you would like to transfer over to another card? This is the card for you as it has no annual fee and has no APR on purchases and transfers for the first 15 months! That’s 15 months interest free and definitely a good incentive to transfer any large credit debt over to this card.

One other great thing about this card is that it focuses on cash back rewards. You can receive anywhere from 1% to 5% cash back on purchases throughout the year. The cash backs top out at $1,500 per quarter.

4)    United Mileage Plus Credit Card – So you like to travel, huh? Well if you like to travel  on United Airlines this card will save you at least $50 per flight. With this card your first check-in bag is free. You’ll also receive 25,000 miles (there name for points) the first time you use the card.

When looking for the best credit cards there are some things you should keep in mind. Firstly the rate of interest will determine how fast you can pay off your card. A high rate of interest will mean more of your money is sucked into the banking institution and less money for you. If you are paying off your debt every month then the rate of interest will not matter but if you are like most of us eventually you get caught out and will be charged interest. Naturally the lower the interest rate the better.

The rewards can make a big difference to the effectiveness of your credit card. If you receive cash backs or rewards that you are actually going to use, it can make even a credit card with an annual fee worthwhile. Before you apply for such a card make sure you do some quick calculations to see if the card is going to bring you those benefits or not.

Interest Free Period – don’t we love interest free! As I said earlier this can be really handy in transferring debt from one card to another but it’s also helpful if you know you are going to be making some big purchases and want them to be interest free. Some credit cards have interest free periods of between six and 12 months, although the Chase Freedom Credit Card has no APR for the first 15 months.

For information on the best credit cards and how to find one that works for your go to

HSBC Credit card question pls?

This is my first time that I’m applying for credit card(HSBC credit card) and I don’t know some definitions.
the agreement says:
Total charge for credit £152.00
Comprised of the following:
total interest charge £152.00
annual fee of £0.00

what is £152.00 for?
do I have to pay that now?
thanks for your answer

its a fee for opening the account. so lets say your initial credit limit is 300 dollars. subtract 152 from that, and that will be your initial credit limit until you pay that original 152 off.

Credit Cards Targeting the rich and wealthy

February 27th, 2014 by admin

It has been shown that over the last year, credit card companies have cut down tremendously on general card offers in order to focus more accurately on the wealthy. Those consumers with good credit scores that use their credit cards on a regular basis. Due to the fact that premium cards are geared towards the well-off, many consumers consider them to be of substantial benefit.

With all the new offers out there, it seems that companies aim to attract high-class customers. This new focus is beginning to show that if things continue, credit card premium offers will fall down to the not-so-wealthy as well. When premium offers include such things as a low risk rate and cast iron revenue, consumers can clearly see the effectiveness of such a thing.

The credit card companies are starting to expand upon services offered, striving to make the industry more appealing to the well heeled. In time, the expansion will move to include the less wealthy as well. Consumers should be aware of new offers as they may discover something better than that in which they already have. By doing this, satisfaction can be ensured. For now, the public can only watch and see if the improvements will continue, or if it is just a trend. Only time will tell.

Credit card companies have been sending far less mail to consumers regarding new offers. This has been going on for all of last year. However, this is not the case in the lives of top consumers across the country. The amount of mail sent to them has substantially increased over the same period of time. This is most likely due to the fact that companies find more efficient to send new offers to consumers that can realistically attain them.

It is believed that this will be good for the future if it maintains its course. Card holders genuinely shirk from premium card offers if they are financially disinclined. However, with credit debt rates decreasing, premium card offers are beginning to appeal more and more to a wider base of clientele. It is even thought that happenings such as this will change the credit industry for good.

With all of the financial burdens plaguing the citizens of the U.S. it is nice to see some change that is for the good. If taken advantage of, premium cards can be quite beneficial. For example, premium cards offer things such as a promised revenue with an annual fee rather than having to worry about it when the time comes. If things can continue to improve, perhaps the public will become even more optimistic about credit card offers.

Compare numerous credit cards instantly and ultimately find the best deal that suits your personal financial needs.

Instant Approval AND Rush deliveery credit cards?

my credit score is 684. are there any credit card websites where I can get instant approval online AND get rush delivery shipping so I can get the credit card in 2-3 days? Also, is 684 good or fair credit (b/c I need to apply for the right card!).

It isn’t a good rate but apply where you are buying things and they can give you your merchandise right then if you are approved. A good credit score is over 720. Yours is almost good if you do everything right a while more yours will go up.

Repair Credit Score to Get Instant Loans online For Personal Usage

February 27th, 2014 by admin

Good FICO Scores Gets Personal Loans Online at Cheaper Price

In the USA, FIC0 scores are highly weighed and these scores are widely accepted in the financial institutions and lending institutions for getting personal loans online or instant loans from payday. Along with it, Experian, Equifax, and TransUnion also play prominent role in supporting instant loans money lenders to decide the credibility of the loan applicants. Personal loans online, home loans, auto loans, and sometimes even payday instant loans providers go through the credit score performance of loan applicants. If customer applies for personal loans online it becomes mandatory to know the credit score in order to decide amount on instant loans and the rate of interest entrusted on it. Many customers complain that they often face the problem of credit score, if they make a credit score check from three credit score rating companies, all three credit scores may not match. Bankers or payday lenders may begin to suspect your performance. Few companies may report a fall in credit score points that lead to affect the amount of instant loans you receive and interest rate for it. Higher the credit score, greater will be the personal loans online provided and these instant loans will be available at low rate of interest. company online provides personal loans online at competitive prices for loan bad credit.

Banks and Payday Lenders offer Instant Loans for Higher Credit Scores

In the context of Veteran Credit counselor Mary Hulbert of Lifespan Credit Counselor says, FICO score is most important and popular in the USA. It ranges from 300 to 850. Hulbert in one of her comments said, if customer is able to maintain over and above 750, then money lenders can provide customers with impressive discounts on personal loans online. In any case, if the credit score drops below 725, customers will not be allowed for low rate of interest as much as 4 per cent for instant loans from payday companies. Remember, if customers’ credit score is below 600 then you are not qualified for a loan and you will end up in paying hundreds of dollars on the mortgage. Payday companies do not consider credit record for providing instant loans, but they would take it for checking your credentials. The same applies for personal loans online.

Reconstruct Credit Scores for Getting Personal Online Loans

For one reason or other, your credits score may have dropped below the desired levels and you would have suffered in getting cheaper instant loans. You can get these personal loans online easily provided you check your credit score and do not repeat any mistakes committed before. FICO ratings have made some recommendations, they are listed below. If you are able to follow as explained by referring it, you can reconstruct your broken hopes for instant loans from money lenders at low interest rates.

Tips for Good Credit Scores for Gaining Instant Loans from

Do not take line of credit unnecessarily, and make the fee payments on time; do not postpone the monthly payments this will sum up to hurt credit score. Never issue checks where there is a chance of bounces. Pay rents on time, do not let landlords send collectors to your home; this will hurt your credit score. Insurance companies do not cover entire medical expenses, arrange for immediate cash and make payment of medical bills. If you are unable to score proper credit is not wrong, but getting into gloves that is less than perfect is not a rightful act. If you are able to maintain a balancing act, then you can get cheaper instant loans or even personal loans online from bankers. Of course, will recommend to its customers regarding personal loans online.

Jersy is a staunch supporter of payday loans and campaigns on the benefits customers can get from it. She has authored numerous articles about personal loans online and always supports customers facing debt problems for over lending of instant loans. She participates in online forums discussing on credit counselling and the active role of debt management.

Has anyone used credit repair attorneys?

One of my New Year’s resolutions is to fix my credit. I’ve been advised not to use debt consolidation programs. So, has anyone had any experience with credit repair attorneys? Like, Lexington Law Firm, and of the like? How does it work? Please tell me your experience.


Accurate negative information cannot be removed from your credit file…only the passing of time will do that….7 years.

Pull your credit report to check for inaccuracies and dispute any incorrect items. is the real free site to check your credit file for free once a year.

All “credit repair” firms do is dispute everything that’s negative on your credit file and hope that they can’t validate the item, in which case they have to remove it….You don’t have to pay anyone to do this.

Per the Fair Credit Reporting Act you have the right to request written validation of negative entries on your credit files. Per this law they must validate the item(s) within 30 days or remove them from your credit file. Mail a letter via certified mail with return receipt to all three credit bureaus (Equifax, TransUnion & Experian). Include a photocopy of your driver’s license and social security card…If you don’t include these, they may write back requesting them, which would slow the process down by several weeks. For each negative item, write a separate letter and simply include the phrase:

Per the Fair Credit Reporting Act, I am requesting written validation of this item.

Do this one at a time for each negative entry….DO NOT request validation for all items at one time.

There is NO guarantee that this will work….It may give some decent results. The worst that can happen is that all negative items come back verified.

FYI: Paying back old charged-off debt will not fix your credit rating……Doing so will not remove it from your credit reports. It will simply be updated to a “Paid Charge-Off,” which, while slightly better, is still a seriously derogatory item. Per the Fair Credit Reporting Act, a charge-off, whether paid or not, can remain on a consumer’s credit reports for up to seven years.

Bad credit consolidation loans for the people who have a bad credit score

February 26th, 2014 by admin

Bad credit consolidation loans are consolidation loans which are provided to people even if they have a bad credit history. Consolidation loans already have so many advantages with it. With a consolidation loan, you will be able to consolidate number of loans in one loan. Such a facility reduces the number of interest rate you need to pay for each %26 individual loans. They also reduce the amount of hassles you have to bear when you repay different loans made from different money lenders. These loans also help you to boost up your credit history, as with the number of loans reduced, you get a boost up in your credit scores. Until now, the only lacking in this so helpful loan was that it was not available for people who have a bad credit history. The facility of bad credit consolidation loan removes that lacking too.

What is bad credit consolidation loan?

Bad credit consolidation loans are specially designed consolidation loan meant for people who have a bad credit history. Usually, consolidation loans are provided to those people only who have a good credit score. People with bad credit score gets denied for this loan like the other usual loan. In bad credit consolidation loan system, you will get the privilege to consolidate all your loans into one loan. The money lenders while providing this loan will be totally ignorant of the fact that you have record of having bad attitudes towards the loans deals you have made previously. Instead of having a bad credit score, they will give you the facility to consolidate all your loans with one loan. Having this loan is not only the facility. The goodness of this loan will provide you with other advantages too.

Advantage of having this loan:

Having a bad credit consolidation loan brings lot more advantage with It. You will be able to reduce the number of loans you have, %26 that would raise your credit score. You will be able to reduce the amount of money you used to pay for the installment of loans individually. The amounts can be reduced up to 40% with this loan. People fall into the traps of bad credit history when they are in some kind of financial crisis. Having a loan scheme which will reduce your cost in such times is like having a jackpot.

Bad credit consolidation loans are for people who have a bad credit history. All the advantages of this loan become more when a person with bad credit history gets the access of it.

Every Credit Score People can Get Loans for people with bad credit. If you want to get More info about Bad credit consolidation loans then visit following site right away-

Is there a way to get bad credit erased?

My husband has bad credit and he can’t really wait the 7 years for it to be erased. Is there a way to get it erases before then?
I really don’t need bullshit answer’s. I’m being serious and thank you to those people with serious answer’s.

Bad credit is one of the worst problems to have… however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is a straight to the point ebook with question and answer I found :

if it helps kindly remember me in your voting!.. cheers!

Seven smartest ways for students to get credit card with bad credit

February 25th, 2014 by admin

It’s not an unknown fact that the financial crisis and recession of the last couple of years have left most banks less eager to issue credit cards. Students, specifically, are now having a harder time getting new ones for themselves. Essentially, nowadays, banks want to take less risk with their cash. This means if you’re one of those people who used to have a fairly easy time getting a credit card, you may now struggle. However, this does not mean that you can’t get one.

Bad credit vs good credit

Getting a student credit card with bad credit is not impossible. The reality is most of us don’t really have bad credit. We just don’t have good credit. What you need to understand is that whether you get anew credit card or not, isn’t a simple calculation based on how much you earn. And no, there is no such thing as a credit blacklist. So if you are rejected by one bank, then that doesn’t mean you will be turned down for a student credit card by another. Chances are, you just don’t fit the usual profile they look for in an applicant.

Start small. This is something that most people fail to consider when applying for a new card or loan. Applying for a lower amount cannot just improve your chances of getting a new card, it also helps you get back on track to credit recovery. Ask for what you can only handle.

Get a job. If you already have one, don’t be afraid to look for a better paying post, or an additional part-time job, if you think you can handle it. It goes without saying that holding a job (part-time or full time), will help you earn the trust of the bank you’re applying for. It also helps improve your credit score by giving you the resources to pay your bills on time.

Pay your bills.You can greatly improve your credit rating by keeping with at least the minimum repayments of your bills. You can also boost your credit history by registering on the electoral roll, if you haven’t already done so.

Be picky. One of the biggest mistakes that credit card applicants commit is to apply at every bank they can. Too many applications easily scare creditors. This is especially true if your credit history is already bad. Take time to do your research and apply only for the one that suits your preferences (and payment power) most.

Go for minor credit cards. Or better yet, try a department store or a gas company or some other smaller credit card. Not only is it one of easiest ways to get a credit card with bad credit, getting one will also help future credit card applications with major companies. Keep in mind though, that some issuers of these kinds of cards don’t report to credit bureaus. So better do a background check to make sure that the ones you apply for do. Having an unreported card account (no matter how updated your payments are) won’t boost your credit one bit.

Ask for help. Asking a friend or a relative to co-sign for a card is like swinging a double-edged sword. It can either help you or harm you. Keep in mind, though, deals like these works both ways. In other words, just as their credit can hinder you from acquiring a new card; you can also get them in trouble if you mess up.

Consider getting a secured card. A secured card is like a bad credit credit card. It gives you the flexibility of using a credit card and can be a good way to let creditors know that you can handle the terms. Keep your payments updatedand your bank may soon begin extending your credit line beyond what you have put in.

Amy is an active blogger who is fond of sharing interesting finance related articles to encourage people to manage and protect their finances. She also covers topics on how to apply for a home loan with bad credit that can help people manage their finances. Know more about things to consider if you are applying for credit cards with bad credit.

Credit card for someone with bad credit?

i have applied almost everywhere. when i was younger my mother used my name over some credit cards and screwed it all up. Anyone got a good card for someone with bad credit?

Since the bad credit reporting was not yours, why not clean that up first and then start building your credit.

File disputes with the CRA’s and the creditors for those fraudulent accounts.

When your mother stole your identity, used it to gain credit and then defaulted, she left you in a very bad position. Not only are your reports in bad shape but you also run the risk of being sued for the defaulted debts.

You should make cleaning that up a priority over applying for credit – doing that, you won’t have to worry about having collectors hounding you or answering your door only to have a summons handed to you.

What is the length of time will bankruptcy remain on my credit report

February 24th, 2014 by admin

Individual bankruptcy is an option which can be beneficial if you are in a very difficult financial situation. It’s got the ability to wipe out the money you owe, prohibit calls through collection agencies, and can allow you to in creating a cleanup financial slate. Individual bankruptcy will not solve your problems either today or in the future; however it can help you prevent additional damage. Choosing individual bankruptcy means taking advantage of the newest beginning you have produced. It also means using responsibility with potential financial decisions so that you don’t end up in exactly the same situation again.

An individual bankruptcy will show on a filers credit history for up to ten (12) years total, Individuals years begin the afternoon you file for bankruptcy.

Personal bankruptcy does not keep you from obtaining a house, car, mortgage loan, or credit card for the people ten years. In all likelihood, you may well be able to regain your credit history before your personal bankruptcy is even above. This leaves all of us questioning, what extra fees are added upon? And, what about providing monthly payments so as to not really accrue more credit card debt?

Your credit report should display the debts you have been released, notified by an actually zero balance, are no longer to be paid. If debts are usually incorrectly reported, your credit rating will be affected badly and this makes it tougher to regain credit rating. If you believe the information on your own credit report is inappropriate after you’re cleared from bankruptcy, record a dispute using the credit agency to correct these errors.

That Debts Do I Nevertheless Owe after Personal bankruptcy?

After bankruptcy, almost all of what you owe is ‘discharged. In. Once discharged, these kinds of debts are not your current responsibility anymore.

There are a few types of debts that won’t simply go away using bankruptcy. Here are some examples very often are not discharged through bankruptcy.

- Fiscal support due to a partner and/or children.

- Lending options for students only. Even though you can ask a legal court to dismiss these types of payments, they are almost never discharged by a bankruptcy proceeding. They may make exclusions for persons having an ‘undue hardship,’ which includes if you become disabled, or if the college closed before you finished. There are, however, solutions to reduce the monthly payments. Look for the NCLC Guide to Offering Dept for further instruction.

– Money fraudulently or incorrectly borrowed. Creditors will get ways to deem your credit card debt non-dis chargeable if they find you might have lied or withheld details. Some creditors, frequently credit card companies, will fault debtors even there’s no evidence of malpractice. Their particular mission is to scare people into reaffirming debts they have accrued. If you haven’t fully committed fraud, never reaffirm any debt. The company might have to pay your legal professional fees if they document a fraud scenario and you end up earning.

- Taxes. The majority of debts incurred by fees are not dis chargeable. There are certain instances that do not adhere to the convention which need to be mentioned with a lawyer.

– Crime fines. Perhaps traffic tickets are certainly not excused.

- Charges associated with drunk driving.

Must i Still Owe Collateralize Debts (Mortgages, Auto loans) After Bankruptcy?

The treatment depends on the type of debts. ‘Secured debts’ matters when you supply collateral on a mortgage, such as a lien with a property, a mortgage, or perhaps a deed of believe in. Commonly, mortgages upon homes, or car and truck loans are used. This topic of secured debts can often become difficult.

In bankruptcy, a good secured debt is ended along with all of your some other personal debts you are previously obligated in order to. In effect, a collector cannot sue an individual for collection of dollars after your personal bankruptcy. This means a lender can’t sue anyone after a bankruptcy to recover the money you owe.

The lender can, however, get back the collateral in the event that fails to pay your finances. For instance, if you are unable to pay your home finance loan or loan on your own car, they can find permission to foreclose your house or take back your automobile. The creditor even offers the option of waiting for the bankruptcy to end just before they take action. A new secured creditor might not be able to sue a person for your debts; nevertheless they can definitely repossess your current collateral.

If you without a doubt have the desire to keep the collateral that is getting your debt, it is important to become current on the payments and continually pay them not only although your bankruptcy is effect, but also soon after it is over. You should also stay latest on any essential insurance, and reaffirming the credit may be necessary.

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Collection agency reporting false information to credit agencies.?

I lost my phone and Verizon charged me a early cancellation fee. I did not pay it and it eventually showed up on my credit report as a collection account. Now it has been sold to Pinnacle credit agency who has updated the last activity date from 2005 to 2009. Can they do this? I have been told that it is an underhanded tactic and if I fight it they will correct it. How do I go about this?

Also NES has shown up on my credit report as a hard inquiry. I did not authorize this. I don’t know if the two are related. Both are hurting my credit and I want to fix it.

Well first of all, to correct some misinformation posted, a debt CAN NOT be re-aged by anybody as per Running of Reporting Period – Section 605 [15 U.S.C. § 1681c] The date you see on your credit report is the date it was posted by Pinnacle, not the date of last known delinquency (or missed payment).

The rules regarding debts on ones credit report state it will be listed for a total of 7 1/2 years from date of last missed payment. No matter if an account is sold or charged off, it is still the same. Your credit report should have a comment section where it indicates the date that the entry is scheduled to drop off of your report.

As to Pinnacle, they are just another bottom feeding collection agency. They bought the debt through a portfolio of bad debts from Verizon. They paid pennies on the dollar.

You will have to see what your states statute of limitations is regarding written contracts. This is the time period a creditor has to seek legal action in court to collect on the debt. If the SOL is still in affect you might want to avoid legal action by offering a “pay for deletion”.

No doubt this debt is “time barred” meaning too old to seek legal action, this is why it was sold to Pinnacle. If it is “time barred” then do not admit to it, do not send any payments or make any payment arrangements as this action will RESET the SOL and then you will wind up in small claims court.

If you have not heard anything from Pinnacle as of yet, then you can either ignore them or send a written request for “validation” of the debt. Send it via certified mail/return receipt requested (this is for your records). They should send back validation and it should include the following.

Proof that they own the debt legally or have been legally authorized to collect it from you.

A complete payment history documented from your original creditor. This requirement was established by the case Fields v. Wilber Law Firm, Donald L. Wilber and Kenneth Wilber, USCA-02-C-0072, 7th Circuit Court, Sept 2004.

A copy of the original loan contract that you signed with your creditor.

If they can not validate the debt, then file a dispute with what ever credit reporting agency is showing this on your report, then the CRA will notify Pinnacle of the dispute and if they do not reply wihtin 30 days then the entry must be removed.

Hope this helps answer your question.
NOTE: This communication is not intended as or should be interpreted as legal advice. It is intended solely as a general discussion of legal principles or definitions of the FDCPA and FCRA. Always consult an attorney if needed.

Prepaid Credit Cards Control your expenses

February 24th, 2014 by admin

Some people do not use credit cards wisely. As a result, they found themselves in debt trap. But according to current scenario, you can not expect your life without credit cards. After doing a proper research, banks and lenders have introduced prepaid credit cards. This plastic money is especially designed for adverse credit borrowers, college students, and poor credit holders. It is a valuable tool for parents of teenagers; parents do not need to worry about the extra expenses because teenagers can only spend up to particular extent. Credit limit depends on the how much money is placed in the saving account.

It is really helpful because you can not use these cards, if money is not there. The biggest advantage of the plastic money is that you do not need to worry about late fees or extra charges. Lenders deduct the amount from saving account on the spot, as you place the order for shopping. But lenders do charge some money for the services like annual fees, activation fees, cash withdrawal fees etc. These charges are too small and any one can easily afford it. Lenders do offer many offer with this card like reward system, point system etc.

These prepaid credit cards are very much similar like regular cards and acceptable world wide. These card can not affect your credit history too because you do not take credit. Individual uses his/her money only. Instead of carrying cash in pocket, plastic money is such a nice option. Even people can withdrawal cash from any ATM machine world wide without paying a single penny as an interest. According to experts, you should complete your homework before finding the prepaid cards because there are many finance companies who earn money through plastic money.

Borton Stevens is an expert author and has more then 7 years of experience in writing finance related topics. To know more about Prepaid Credit Cards Visit:

getting my first credit card?

i am a 20 year old college student and am looking at getting a credit card, so i can start my credit history. just last week i was looking at buying a car and was looking at taking a loan out. i learned that you need some sort of credit history to do this. tell me what my best bet is when it comes to getting my first credit card. any kind of tip or direction would be greatly appreciated!! thanks so much!

Posters #1 both had some good ideas, about how to establish credit, but I’d like to throw my 2 cents in if I could.

Establishing credit is more than just getting a credit card, charging on it and paying it back every month. It would help to know the basic formula on what factors are involved in building credit

35% Payment history- This determines whether you pay on time or not

30% Total debt owed vs. Available credit- This determines whether or not you rely a lot on your credit. Maxing your credit card(s) out or close to it is NOT the way to do it. You should be at around 30% of your combined available credit on all your credit card(s)

15% Length of time establishing credit. This determines how long you’ve been using credit cards, or have had a car note, or financing furniture or appliances, etc. If you’re just starting out, an easy way to fix this would be to ask a close friend or family member with excellent credit to add you as an authroized user on one of their oldest credit cards in good standing. Ideally, the account should be older than 5 years with a perfect payment history, and a balance around 30% or less of the available credit. Plus, a high limit wouldn’t hurt either. Once added the activity from that account would reflect on your report creating an instant credit history for you

10% Types of credit established- There are 2 basic types of credit, revolving(credit cards and line of credit) and installment(student loans, personal loans, car notes, mortgages) 2 major credit cards, one department store credit cards and a combination of 2 installment loans makes for a good mix of credit.

10% Inquiries and New Credit Established vs. Accounts already established- This determines whether or not you’re applying for uneccessary credit and the number of new accounts that you recently opened versus accounts that have been opened at least a year. Each time you formally apply for credit, it creates an inquiry which lasts for two years that can drop your score several points, so it’s important to pick and choose your accounts wisely.

Hopefully after explaining this you have a better idea of how about to establish credit. You have a few options to get a credit card. You could:

1. Get a secured credit card. Where you do your banking may offer them. Orchard Bank, Bank of America, and Wells Fargo also offer secured cards as well. The easiest way to describe a secured card would be building credit with a savings account, becuase theoretically that’s exactly what it is. You put a security deposit upfront that’s usually linked to a savings account to get the same amount in a line of credit. The deposit gains interest while it’s in there just like a normal savings account and you can increase your credit line by simply adding to the deposit periodically. As long as you pay on time and keep the balance manageable (remember that 30%) usually after a year the deposit isn’t required anymore and the card either converts to a regular one or an offer is extended for a better card.

2. Since you’re a student, some credit card companies will post up on campus and recruit potential cardholders. That’s how they got me, lol. Citi has good student cards, I posted links to them as well as some secured cards as well.

Either way, when you get a card make sure that you can charge only what you know you can pay. That way, you’re not in over your head.

Oh before I forget there’s another thing you can do to build credit is if you pay rent, utilities, cellular, insurance or other monthly bills that may or may not show on your regular credit reports is to report them with PRBC to build alternative credit. The website, which I also posted a link to as well will explain in detail how this works.

I hope that my information works for you

Good Luck!