Does avoiding bankruptcy in this situation help my future ability to borrow or does it not matter?

I suggest you consult with a bankruptcy lawyer to discuss your IRS debt and your overall debt before you make any decisions regarding the Cap One...

I have bad credit. If I marry someone with good credit would that affect there credit?

No. But keep in mind that if you have any joint accounts, or get credit together, bad credit can adversely affect both of you.

I have been trying to get a remodification of my loan since 2010 and kept having to send in paperwork over and over. then in Oct

I would need to know some other information to answer your question properly. But generally, if your home has not yet been sold at sheriff's sale,...

After your home has been forclosed and you are in your redemption period. Can you still save your home by a loan modification?

The possibility of staying in your home after the sheriff's sale depends on many factors which are not indicated in your question. You certainly...

MY BROTHER SOLD ME A LEMON CAR. SUPPOSED WORTH $5000. ACTUAL $500. CAN I SUE?

If I am understanding your situation, it seems your brother owed you $2,000 and gave you a car worth $500 to satisfy the debt? If that's the...

Foreclosure. Do I have any options & how long can I stay in house? Children with disablility, no child support & poor credit.

If your name is not on the mortgage, you may be considered a renter. Renters in Michigan have rights superior to the homeowner. I suggest you...

What is the likelihood that I will be sued by Bank of America in order for them to collect on a charged off second mortgage?

Mr. Eisenberg is correct. It likely won't go away. While deficiencies on first mortgages are often not pursued, second mortgage are. If your...

Removing derogatory account from creditor

I agree with Amy. The one thing I would add is that you should request the creditor provide you with evidence that they "sent letters to all 3...

This may be tricky. If your loan is properly cancelled you should have no credit issues. However, auto dealers and auto finance companies are...

Can default student loans not shown in credit reports affect mortgage eligibility?

If a negative credit event is not showing on one of the big 3 credit bureaus, a creditor may have no other way to find it. So, this default may not...