Tag: filing bankruptcy Archive
Taking On Your Credit Report: Step Two
Justin Harelik
August 3, 2016
After you’ve pulled your credit report, adjusted your mindset to your new, lower credit score, and made your credit score goal of 720, you’re ready for the next step. Step Two: Update Your Information with the Credit Bureaus Start at the beginning and make sure that all the information reflected ...
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Taking On Your Credit Report: Step One
Justin Harelik
August 1, 2016
The first thing you have to do when it’s time to restore your credit after bankruptcy is to access your credit. Pull your report and get a good understanding of where you are and where you want to go. What do I mean by that? Step One: Pull Your Credit ...
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The Impact of the Quitclaim Deed
Justin Harelik
July 27, 2016
The quitclaim deed holds the statement that the person named (and whose signature the property bears) has quit ownership of the property listed and conveys it to the person who holds the quitclaim deed (grantee). The quitclaim offers no guarantee. In fact, someone with no ownership whatsoever is able to ...
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Car Title Loans and Bankruptcy
Justin Harelik
July 19, 2016
One of the most frequently asked questions of prospective filers is what happens to car title loans associated with their vehicles and if they can keep the cars when the bankruptcy is completed. Most filers are already aware that they can save their home, but they are unsure about the ...
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Can Debt Collectors Demand Payment from Third Parties?
Justin Harelik
July 15, 2016
We know from a previous article that debt collectors are governed by strict guidelines; some of which restrict their contact with third parties in regards to your debt. Yet it is obvious that the reality of the matter has collectors breaking a lot of the rules a lot of the ...
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Bankruptcy Basics: Legality of Debt Collection from 3rd Parties
Justin Harelik
July 13, 2016
When it comes to debt collection, it all feels wrong. It feels mean and unjust and underhanded even when the collector is attempting to collect on a valid debt. This feeling of being “wronged” by the people and/or companies that are trying to get money out of you to pay ...
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Can a Chapter 13 Bankruptcy Payment be Deferred?
Justin Harelik
July 11, 2016
When you declare Chapter 13 bankruptcy, the bankruptcy court determines a set pay schedule for a pre-determined amount of time. In cases where unforeseen events cause major dips and dives in the income of bankruptcy filers post-bankruptcy, they can come up against a major problem: the inability to make the ...
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Determining Whether You Owe on a 2nd Mortgage Post-Bankruptcy
Justin Harelik
July 7, 2016
Was your home equity loan reaffirmed during your bankruptcy? Have you been making payments towards the debt religiously ever since your discharge without being sure if they are being applied or not? Do you actually owe the debt or was it included in your bankruptcy discharge? These are huge questions ...
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Bankruptcy Basics: Social Security as Only Income
Justin Harelik
July 5, 2016
Bankruptcy is no longer dismissed by the masses as too extreme a solution to financial crisis. The masses are actually quite comfortable in modern society seeking out the protection that bankruptcy provides. Most are aware of the basic bankruptcy process and what it offers those in need of a clean ...
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You Co-Signed and They Defaulted, What’s the Next Step?
Justin Harelik
July 4, 2016
If anyone ever calls you and asks you to cosign a loan for them, regardless of who they are, your answer should be no. Don’t do it – unless you like the idea of financial trouble and pending bankruptcy proceedings. If you’re going to ignore this sage wisdom and become ...
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