Troubles With Poor Credit History [mortgagehelps.blogspot.com]
creditcardsforbadcreditnotbadpeople.com (Part 1) This presentation will cover what I went through and how bad my credit was and what the best credit cards for bad credit that I found that approved me. View Credit cards for bad credit video part 1 here youtu.be View Credit cards for bad credit video part 2 here youtu.be Just a few short years ago I had great credit, I was running a real estate business and I had over 10 mortgages on my credit one of which was in my name. I had two auto loans for the two trucks that my wife and I drove. We had several credit cards with high limits; one of the credit cards was an Amex. This American express had no limit, you could run it up as high as you wanted each month but you had to pay it off the next month. My credit was so good that I could get a signature loan from that bank with no problem...all I had to do was sign my name and they would give me thousands of dollars. BUT then t hings took a drastic turn for the worse. My real estate business went down and in the process so did the rest of my personal finances. My houses were foreclosed on even the home that I lived in, my wife and kids and I had to move in with family. My two cars were repossessed and all of my credit cards became delinquent. My credit was totally ruined! I filed bankruptcy and when it was all figured out the bankruptcy discharge was well over a million dollars. Here is the good news... most people reading this do not have credit this bad. As you read on that I was ...
mortgagehelps.blogspot.com Credit Cards For Bad Credit Part 1 The Best Unsecured, Secured Credit Cards online Instant Approval
Strict law and order is imposed by the authorities in the country to help the people to move ahead in correct path with full unity. These law and order is also confusing them to certain extent in leading straight path and sometimes they are themselves jumping in to the danger zones through the violation of certain terms and conditions. In fact most of these violations happen without their knowledge or due to confusion that exist in their mind. You might be surprised to know about the number of cases charged against people for bankruptcy on daily basis in different courts of the country. You might be thinking that the people who committed this offense might have swallowed a huge amount form any reputed financial institution in the country which is absolutely not correct. In fact even you can come across with such a charge in your life even without doing any mistake.
Most of the Jacksonville bankruptcies cases are registered if you fail to repay any monthly repayment of the loan amount within the specified time period. As a result your credit record will definitely indicate negative signs which can further lead to many problems especially if you are standing in the middle of the financial crisis. This shows the importance for you in correcting your credit history. You may find it difficult to raise your standard of living with poor credit history. The best way is to directly approach a law firm in the city who is capable of handling the case against the charges of bankruptcy in order to help you sincerely to get out of the case and to stabilize your mode of living.You job might be at risk if you are moving ahead with the charge under your name. You should seek help from the most reputed law firm in your place that has the experience in handling with such cases.
You are free to fix up an initial appointment with the law firm to directly consult that attorney in order to actively discuss with your issues. This consultation will be long enough for you to tell all the troubles you are facing due to this issue. Even other serious cases relating to bankruptcy also arises but this case will remain serious for you and that is the reason behind you seeking help from the lawyer.John Deeriey is an author of the fayardlaw website. There are some well known and highly skilled legal firms in Jacksonville offering their needed services to their clients. For more information and details about Zoning Attorney Jacksonville and Administrative Deviation attorney Jacksonville. Please do not hesitate to visit their our website http://www.fayard-law.com/
Recommend Troubles With Poor Credit History TopicsQuestion by CassandraM: When you marry someone with a poor credit history, can you avoid having your own credit ruined? Our son is preparing to marry a girl who owes about $ 3500 for medical care. It's been on the books for more than a year, she hasn't been able to pay anything on it, and she has elected not to respond to any collection efforts. He has worked hard to develop a good credit history, with the intent of purchasing a home someday soon. Will her poor history ruin his credit, and what recourse does he have to get this resolved before they marry? (He doesn't have the money to pay this bill off for her, but I'm not sure how much that would accomplish since she is already so far in arrears.) Best answer for When you marry someone with a poor credit history, can you avoid having your own credit ruined?:
Answer by dt
talk to a lawyer before the wedding
Answer by 1Jazzy1
I don't think that it should effect him since it was before they got married unless they attempt to go to get a house or something in joint names. Then it would drag down their joint credit score.
Answer by George A
In most states married people are legally one person. You might be able to file something before the wedding, but you'll need a lawyer.
Answer by shelleigh
most likely he would have to get the house just in his name because her poor credit will affect him getting loans or any type of stuff dealing with credit
Answer by grassi73
Although they are married have him keep stuff seperate and his credit will be fine. The real catch comes with buying a house. If it requires both to sign, interest rate will be high due to her credit but not affect his credit unless they have late pays. Incidentally, call the collection ag ency and make an offer (low). You'll be surprised how fast they will jump on any offer (GET IT IN WRITING!) if it is old debt and they don't plan on getting anything anyway. Most times they will take pennies on the dollars. Once completed, you will have to push very hard to get there cooperation in getting it removed from the reports. also, 99.9% of medical bills are never taken into consideration for major type purchases. It is not taken into consideration for cars, houses, and other major purchases.
Answer by angel_s_garden
According to my mortgage broker (I just bought a house in May 06) anything older than 18 - 24 months really doesn't count anyways. It's her recent past that counts. If she pays it now it will restart the 7 years of being on her credit again. She can try to lowball them, but once she starts talking to them it will open up a new can of worms where they will be after her again. Also - it's just medical bills...mortgage companies look at REAL bills like credit cards/ car payments etc. I went through a terrible divorce and had all sorts of things on my credit. I just bought a house with 0 down and a good interest rate. It's all about persistance baby!! I used Bradd Bitner at Nationpoint for my loan. He rocks! :) Good luck!
Answer by Leslie
make your potential spouse go thru a credit clean-up -- you can by books to help resolve issues affecting your credit score
Answer by Belen
Her bad credit record will not affect the good credit record of your son. One's credit history affects only the person who owns it. However, after getting married and they plan to buy a house, your son will be better of applying for the loan himself without making his wife a co-borrower if at the time, she still has a bad credit score.
Answer by CreditCardMan
No it won't affect him - when they go to buy a house they will use his credit score same for a car etc. BUT the phone calls from collection agencies ETC will be enough to drive them mad. It would be better to pay off the 3500 she owes, for their peace of mind.
Answer by Studly
So many terrible answers...where do I start? George, you are right. But that applies to debts AFTER you are married, not before. You do not inherit your new spouse's debt. Grassie, I'd love to know the source of your information. While medical bills are represented differantly on credit reports, they will still effect your score, and therefore it has a negative effect. Angel, your mortgage broker needs to read the FCRA laws, your info is incorrect. The fact is that when you get married, you each have your own credit history, and they DO NOT MERGE. The only way her credit will effect you is if you apply for joint loans. You also need to keep separate bank accounts in the event they attempt to place a lien on it. When I got married, my wife came with "debt baggage" and had terrible credit. The creditors found her new address and began sending her threatening letters and phone calls. She was scared to death, and didn't know what to do. I did! In a few weeks time I got the collectin agents off her case. Within a few months I co-signed for a credit card in her name, and began re-establishing her credit. The creditors couldn't do anything because everything was in my name, and she had no job or income (housewife). Her bad credit had no effect on me at all.
