Archived
Will Bankruptcy or Debt Counseling/Repair be a better option which allows me to purchase a home soonest ?
Shaye's answer
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Answered on January 29, 2014
The decision to file bankruptcy is made by weighing the costs vs. the benefits. The cost side would include (but is not limited to) a decrease in...
Archived
If my credit report says zero under collections and I receive a collection notice is it a scam? Or do I contact them?
Shaye's answer
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Answered on January 28, 2014
You should send them a debt validation letter. Here is an example you can use:
NOTICE OF DISPUTE OF DEBT and REQUEST FOR DEBT...
Archived
When filing a chapter 7 bankruptcy, I found some loans had been sold. Must list in the filing BOTH lenders?
Shaye's answer
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Answered on January 28, 2014
Yes, you should list the original lender and any collection agencies or law firms who are now collecting on the debt.
Archived
I filed for bankruptcy and it was discharged. My former divorce attorney filed an adversary suit against me because I
Shaye's answer
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Answered on January 28, 2014
In order for the forum to provide a response, you must present a legal question or us to respond to. Your post does not contain a question.
Archived
How many credit cards should i have
Shaye's answer
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Answered on January 28, 2014
This is a judgment call not a legal question. My advice is to use them sparingly, occasionally, and pay attention to your credit score at...
Archived
I have recently processed credit card balance transfers for lower rates. How will this impact
chapter 7 filing?
Shaye's answer
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Answered on January 28, 2014
Section 523(a)(2)(C)(ii) of the bankruptcy code provides: cash advances aggregating more than $925 (*) that are extensions of consumer credit...
Archived
Is it legal for a collection agency to pull a credit report?
Shaye's answer
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Answered on January 28, 2014
If you look at your credit report, you will see a category called "inquiries" where different companies are listed who have reviewed your credit...
Archived
I filed for bankruptcy in 2009. What do I now need to do to get my name off of the mortgage? I would like to purchase a home.
Shaye's answer
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Answered on January 28, 2014
The only way you can remove your name from the title is either by selling the property (such as a short sale), or by executing a deed in lieu of...
Archived
I received a pink summons of "failing to comply with posted sign." What are the legal ramifications for pleading guilty?
Shaye's answer
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Answered on January 28, 2014
This sounds to me like a parking citation, not a warrant for your arrest. You haven't committed a crime, and this parking ticket will not go on...
Archived
Can a debt from Kansas (MIDLAND FUNDING LLC) follow you to Texas?
Shaye's answer
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Answered on January 28, 2014
It can follow you to Texas. They can only garnish your wages and levy your bank account if they have obtained a judgment against you. If they...