How to Start Repaying Student Loans after Ch 13 Discharge byJohnworker1 11-24-2024, 12:54 PM Smart Personal Finance Insights Here we share successful money management tips, budgeting, saving, and other insights for financial success 1581,736 ...
In a chapter 13 bankruptcy, the court restructures the outstanding debts so the individual can pay all or some of the agreed-upon balance over three to five years. Under chapter 13, the debtor must complete the payment plan to receive a discharge of the remaining debts. Secured debt (like...
Mortgage loans are not dischargeable in bankruptcy, yet your mortgage lender probably reported your trade line as “included in bankruptcy.” Guess what? Your mortgage loan was NOT included in BK. Hence, if you made payments to your lender AFTER you filed Chapter 13, [...] 5 Ways to Fix...
Chapter 13, on the other hand, involves a debt repayment plan and it protects you from facing issues with foreclosure or repossession. That said, bankruptcy has some long-lasting consequences and should typically only be considered after exhausting all other options. The bottom line Regardless of ...
There are a few things to keep in mind if you're thinking of applying for a credit card after you've filed for bankruptcy: You can't apply for any new form of credit until your bankruptcy has been discharged. A discharge occurs when you have officially been released of your obligation ...
Will I be able to obtain credit after filing bankruptcy? One of the most interesting, but counter-intuitive facts about bankruptcy is that a person that recently obtained a discharge in bankruptcy becomes one of the best candidates for credit in the entire economy. A few reasons contribute to ...
Chapter 13 bankruptcies remain on a credit report for seven years. How Do I Get and Rebuild Credit After Bankruptcy? Having a personal relationship with a lender can be crucial to getting a credit application accepted after bankruptcy. And you rebuild credit after bankruptcy with time and consis...
A Chapter 7 bankruptcy is typically removed from your credit report 10 years after the date you filed, and this is done automatically, so you don't have to initiate that removal. Chapter 13 bankruptcy Chapter 13 bankruptcy, Opens overlay, also called a wage earner's plan, considers the wage...
At age 45, and after a life time of financial mismanagement, I took my future into my own hands. One time about 20 years ago I had paid someone to help with my credit. The lesson I learned from that was to not pay someone for this, it is better to do it yourself. With CSP, I...
Chapter 7 bankruptcy Up to 10 years Personal loans Up to 7 years if account was delinquent when paid off. Up to 10 if paid off on time. Auto loans Up to 7 or 10 years, depending on payment records Mortgages Up to 10 years Most of your debts have an expiration date, after w...