Q: My wife filed for bankruptcy before we were married. Can my income be included in her bankruptcy filing? What is the impact of bankruptcy on my finances? A: There are multiple factors that would determine whether or not your income can be included in your wife’s bankruptcy filing. Some of those factors include: the type […]
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Q: I have an arm at 6.5% that adjusts in august. My credit score is 610. Can I refinance into a fixed rate loan with my score or should I consider another arm? A: As of January 2010, fixed-rated mortgages dropped to about 5%, a very attractive rate for homeowners thinking about refinancing. However, those
My Credit Score is 610. Can I Refinance into a Fixed Rate Loan with My Score? Read More »
Q: I have over $5,000 worth of delinquent hospital bills on my credit reports. How can I get this debt down? A: It will take multiple steps to help you eliminate your medical debt. But here are six strategies you can use to knock down those hospital bills and improve your credit rating. Examine Everything
I Have Over $5,000 in Delinquent Hospital Bills. How Can I Pay It Off? Read More »
Q: I Recently Married. I Currently Make More Money Than My Husband. He Wants To File Our Taxes Together. I Don’t. What Are the Advantages and Disadvantages of Filing Jointly? A: Congratulations on your recent marriage. There are numerous pros and cons to filing a joint tax return and only a tax professional who examines
What Are the Advantages and Disadvantages of Filing Jointly? Read More »
Q: I am car-hunting and a dealer pulled my credit report. He got a 595 score but the last score that I received was 675. Why was his score different and should I can I take my own TransUnion credit report to other dealers to eliminate inquiries. A: To minimize the impact of inquiries on
Why Your Credit Score is Different From the Car Dealerships Score Read More »
Q: I want to file for bankruptcy this year. Should I pay off the small bills that I can afford to pay before I file bankruptcy? A: Filing for bankruptcy will not help you “repair” your credit. It will only damage your credit – although filing for bankruptcy protection today does not have the same
Which Bills Should I Pay Before Filing Bankruptcy? Read More »
One reason that debt gets out of control for so many people is that 70% of Americans don’t have a budget — or at least not a realistic budget that they can live with. To become a better saver and learn to budget properly, try using the online tools available at www.mint.com, www.budgettracker.com, or www.budgetpulse.com.
I Need a Reliable Online Tool That Would Help Me Budget My Income and Expenses. Read More »
Q: I recently filed for bankruptcy and it was discharged in October. But on my credit report one of my student loans was listed as being discharged. Is that possible and can they still come after me for garnishment? A: Student loans are generally not dischargeable in bankruptcy court – regardless of whether they were federal
Can Student Loans Be Discharged Through Bankruptcy? Read More »
Q: I am trying to get an FHA Loan. Should I use most of my cash to pay off credit card debt or put more money toward the down payment? A: If you are seeking an FHA loan, you actually need to be concerned with both things – paying off credit card debt and having
What You Should Know About FHA Loans Read More »
Q: How do I obtain investment property loans with bad credit? I rent out one property that I own, but I can’t get a loan on it because my credit score is 560. A: When people get turned down for a bank loan, the natural tendency is to think that the bank is wrong –
How Do I Obtain a Loan To Buy Investment Property With Bad Credit? Read More »
Sometimes, one easy phone call is all it takes to get the interest rate on a credit card lowered. However, many people are reluctant to make that call, because they mistakenly believe that creditors won’t be willing to negotiate. Even amid the credit crunch, however, banks and other credit card issuers are willing to consider
How to Lower Your Credit Card Interest Rate Read More »
Q: I Need Help With Credit Card Debt But Am Worried About Scam Companies. Can You Refer Me to a Good Debt-Elimination Program, and Explain the Difference Between a Debt Management Company and a Debt Settlement Firm? A: With the average U.S. household owing more than $10,000 in credit card debt, it’s no surprise that
Debt Management Vs. Debt Settlement Explained Read More »
Q: Can I Be Held Responsible for Medical Bills My Ex-Spouse Generated? She Was Covered on My Insurance Plan. We Just Signed Divorce Papers. A: With medical collection activity on the rise, it is definitely possible that a hospital, clinic or healthcare provider could come after you to pay off healthcare bills incurred by your
Can I Be Held Responsible for Medical Bills My Ex-Spouse Generated? Read More »
If you have been told that you have a thin credit file, no credit file or no credit score, it is likely due to one of three causes: 1) You’ve Never Had Credit This would be the case if you’ve never had a traditional credit account, such as a car loan or credit card. Or
Thin Credit File Explained Read More »
Fraud alerts help you thwart identity theft by preventing a crook from opening credit in your name. There are two types of Fraud Alerts: an Initial Alert and an Extended Alert. With an initial alert, an ID theft warning statement is placed on the bottom of your credit reports. This statement alerts your creditors that
What is a Fraud Alert and How Do I Put One on My Credit File? Read More »
