Interest rates are very low in the U.S. state of Michigan, only 5.61 percent in mortgage refinancing. If you are considering refinancing your Michigan mortgage loan after bankruptcy, but concerns about good candidates for prices and conditions, here are some tips that may help:http://www.moneyrates.equitylinesite.com/2009/11/26/low-rates-and-terms-after-bankruptcy-mortgage-refinancing-michigan/Nothing like a good credit Bankruptcy...more
Bankruptcy attorney fees are fixed in the sense that bankruptcy court imposes a limit. However, you may be wondering, then why different bankruptcy attorneys charge different amounts. If bankruptcy court caps bankruptcy attorneys' fees, what is the difference between an cheap bankruptcy attorney and everybody else?I know some reasons to account for the difference in fees. You need to know that a cheap bankruptcy could mean your getting a bad...more
Once the discharge of a Chapter 7 or Chapter 13 bankruptcy has been granted, the debtor must reestablish their credit, and the first step to this would probably be to get a secured credit card. A secured credit card is given by the bank, and is secured by whatever amount of money the cardholder deposits in the bank account for that purpose. The charges on the card are limited to the amount that is deposited, which will stop running up too much debt again, but allows the positive credit experience to be reflected on one's credit report. This first step will help make the debtor eligible for alone in the future.One of the consequences of a bankruptcy filing is that if the person who filed wishes to buy a house in the future, usually there will be around a two-year wait after the Chapter 7 case was discharged before a lender would even look at the application for a home loan. When an individual files a Chapter 13 bankruptcy case, the individual will not be able to apply for credit without permission of the court and until 24 months after all their debts are paid off in full. During the two year window in both cases, the debtor will have to be consistently employed to...more
Are you having debt issues and considering filing for bankruptcy? Are you sure you have an idea of what bankruptcy includes? Bankruptcy is a very serious decision and you need to know before you do it. Here are the answers to the bankruptcy questions you might have.Will bankruptcy affect my credit?Here is the answer. When you file for...more
If you're in debt, but reluctant to declare bankruptcy, debt settlement is a great option. Instead of clearing all of your debts and ruining your credit score, settlement allows you to continue paying your loan off at a reduced rate. Because of this, many people are trying to find the best credit card debt settlement program.If you...more
They say getting into debt is very easy, but the one thing you never hear is how easy it is to get out of debt. Well I am here to tell you that there is debt relief without bankruptcy and after reading this article, you'll know how to go about reducing some that debt that must be crushing your spirit right now...Bankruptcy = Big Disaster I know that when our debts mount up to really huge sums, we sometimes feel overwhelmed and quite often we see bankruptcy as the 'easy' option. The reality though is that no matter how bad it gets, bankruptcy should never be considered and I'll tell you why.When you file for bankruptcy, it stays on your record for roughly ten years and your credit rating hits the absolute rock bottom. Getting approved for a loan is difficult because lenders view you as a very bad credit risk. For this reason I would encourage anyone to seek out alternate forms of debt relief.What is The Solution Then? The single biggest alternative to debt relief without bankruptcy is what you call "debt settlement". It involves the lender forgiving or reducing your loan by a certain amount - usually 40 - 60%. The eventual amount depends a lot on your individual...more
As the economic turmoil enveloping the world continues, more and more people are finding it difficult to cope with debt. If you find yourself in this circumstance and are looking at debt settlement vs bankruptcy then this article will...more
Credit cards are of great help when you have insufficient funds on hand, but at the same time, excess spending can land you in deep trouble. If you are among the millions of people who are deep debt, then you're probably wondering how...more
The economy is killing us and because times are rough, most of us have maxed out all of our credit cards. Unfortunately, this could leave you with a bad credit rating and lead companies to increase your interest rates without notifying...more
Are you bankrupt or on the verge of bankruptcy because of the economy and the jobs market? Have you ever thought that one way out may be by owning a profitable business online? If you already started searching out this possibility...more
It is unfortunate that many bankruptcy attorneys do not give their clients more direction with regard to restoring themselves after their bankruptcy. There are some simple steps that anyone who files a bankruptcy needs to take in order...more
Filing Chapter 13 bankruptcy in Georgia has many clear advantages, even over Chapter 7. It used to be the latter was prominent, but with changing economies and foreclosures common, it's now different.Filing for bankruptcy is about...more