Archived
How damaging is it to settle credit card debt to your credit report compared to paying off as agreed on a closed account?
Mitchell's answer
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Answered on May 26, 2011
It is NEVER true that you must be behind to settle a debt - EVER. If you want it to be reported as paid in full, you must pay most of the debt....
Archived
If a husband files BK to stop a foreclosure can a pending motion to settle journal entry go forward against the wife who is also
Mitchell's answer
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Answered on May 26, 2011
It will not stop actions against a co-debtor in Chapter 7 only in Chapter 13 because of the co-debtor stay in Chapter 13. If the wife has her own...
Archived
What are the pros and cons when filing for bankruptcy?
Mitchell's answer
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Answered on May 26, 2011
It depends on the type of bankruptcy that you decide to file. You can catch up a mortgage or a car loan. You can pay off some secured debt at lower...
Archived
My husband cosigned a student loan for our nephew and now we are being attacked!
Mitchell's answer
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Answered on May 26, 2011
And student loan companies have administrative garnishments that they can use. This is one debt that you do not want to default on. You are...
Archived
I live in MN and my husband had credit cards before we were even married, in his name only, am i responsible at all? I do not be
Mitchell's answer
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Answered on May 26, 2011
You are not responsible for debt that you did not sign for. Even if you were an authorized user, you are not personally responsible to the creditor...
Archived
What is the legal term for trying to collect an old debt with no demands in anticipation of collecting compound interest
Mitchell's answer
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Answered on May 26, 2011
It is possible to collect on an old debt if the original creditor does it (only if your state has no prohibitions) or if there is a valid judgment...
Archived
After my bankruptcy is dicharged,how many points does my credit score go down?
Mitchell's answer
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Answered on May 26, 2011
Bankruptcy will affect your credit score no matter what you do within it (surrender or not should have no bearing). How much depends on proprietary...
Archived
I recently had a judgement awarded against me. My bank account has been levied and a wage garnishement has been filed.
Mitchell's answer
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Answered on May 26, 2011
If you are both sued and judgment is taken against both of you, you can both be garnished. The assets that you can protect depends on state law....
Archived
What are your legal rights against debt collectors?
Mitchell's answer
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Answered on May 26, 2011
State law may apply as well. I am not a PA attorney, so I cannot advise there.
You can file a written verification and make them prove that you...
Archived
The divorce will be final Jun 2nd Now he wants to file bankruptcy,which will stop the divorce for another 90 days
Mitchell's answer
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Answered on May 26, 2011
Bankruptcy does not stop divorce, only property settlements. If you are that concerned about finances, talk to a local bankruptcy attorney who will...
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