Bankruptcy as a Debt Management Solution: Why Do so Many of Us Have so Much Debt?
In 2004, 1,562,174 Americans sought protection from creditors through bankruptcy court a per capita rate over ten times higher than during the worst years of the Great Depression! According to the Consumer Federation of America, in 2003 alone over 9 million consumers made initial calls with a ...
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Your Credit Report After Bankruptcy-What To Look For
Do you KNOW what is on your credit report? Even if you have just filed bankruptcy it is EXTREMELY important that you KNOW how it is reported on your credit report. It is NOT the credit reporting agencies responsibility to make sure that your credit report is accurate. It is YOURS, and only you can ...
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Home Mortgage Loans after Bankruptcy - Financing a Home after Bankruptcy
Financing a home after a bankruptcy doesnt have to be an ordeal. When
you find the right lender, you can secure reasonable rates on your
mortgage loan. You can improve your loan application with time and some
cash leverage. Depending on your financial situation, it is possible to
get ...
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New Bankruptcy Law Targeting the Wrong People?
Last April, President Bush enthusiastically signed into law the oddly-named Bankruptcy Abuse and Consumer Protection Act. This bill, representing the biggest overhaul of bankruptcy law in twenty-five years, was written in order to discourage bankruptcy of convenience. Proponents of the bill, which ...
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Bankruptcy and Buying a Home - 3 Benefits to Buying a Home After Bankruptcy
If you have filed bankruptcy recently, you may wonder if you can get approved for a home loan. You may also wonder if buying a home after a recent bankruptcy is a good idea for you.While a bankruptcy can make getting approved for a mortgage loan more difficult, it is still possible to get approved ...
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Buying A Home After Bankruptcy - Get A Mortgage Loan After Bankruptcy
If you have a recent bankruptcy on your credit and are looking to get financing for a home, there is hope. Buying a home with bad credit will just put more emphasis on the other two factors needed to get a mortgage loan, which are; income verification and a down payment.After bankruptcy most ...
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Debt Settlement -- Why the Critics Are Wrong
After October 17, 2005, a lot of people are going to become interested in debt settlement as an alternative to bankruptcy. That's the date the new bankruptcy law goes into effect, and it means a rude awakening for many consumers seeking a fresh start in bankruptcy court.It used to be that 7 out of ...
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Car Loan After Bankruptcy
Although a car loan after bankruptcy is difficult to obtain, it is not impossible. While a bad credit loan is fairly easy to obtain in today's competitive finance market, the situation is different with any loans or credits after bankruptcy. So the question you must ask and which I will try to ...
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Credit After Bankruptcy - What To Expect
If you have recently filed bankruptcy, it won't be long before you are starting to ask yourself, "Ok, now, what do I do when I need a loan? Where do I got to get approved? Can I get approved?" Here are some overall basics about getting any kind of credit after a bankruptcy.2-3 Years after ...
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2nd Mortgage Loan after Bankruptcy - Understanding the Basics
Getting a 2nd mortgage loan or home equity loan after a bankruptcy is
workable. However, loan applicants should be aware of certain
disadvantages to bad credit loans. A bankruptcy is destructive to credit scores.In reality, many financial experts discourage bankruptcies. Those who
file ...
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