Ana E said : )


I bought a car in 2003 and owe about $8000 on it but am thinking of buying a new one. What will happen to my existing loan if I were to buy a new car? I would still owe that right? Would they just add that amount to a new loan amount? I’m confused about how this works. Please help!

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Big Joe said : )


I’ve just purchased a new car yesturday and thought that I can handle the none expected monthly cost the finance company stated for my new car note. After calculating my total expenses for the month, and include the new car note expense, I realize now that I can’t afford it. Is there a way that I can return the car and forfit the loan?

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JC said : )


I have heard this is a good way to remove a BK. See below. Has anyone tried this?

Unlike other negative information which stays on your credit report for 7 years, bankruptcy can be reported for up to 10 years.

Bankruptcy courts keep cases active for a period of two years before placing them on microfiche.

If your Chapter 7 bankruptcy has aged at least 27 months since the date of discharge, your in a great position to make it disappear forever, simply file disputes with the credit bureaus indicating that your bankruptcy was a Chapter 13 and not a Chapter 7.

You need not provide any documentation to support your dispute, the burden of proof is on the government.

Bankruptcy courts do not respond to requests for verification on cases which has been archived to microfiche, as a result the credit bureaus are required to remove the bankruptcy from your credit report.

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come_on_kiss_the_gun said : )


I was just wondering what is the difference between Chapter 7, 10 & 13 bankruptcies. How did the new law that Bush passed now affect bankruptcies (or does it at all)? I’ve heard everything that you can’t file for Chapter 13 bankruptcy anymore to you have to take financial planning classes thereafter. Also, is it advisable at all? I know normally people say make it your last resort, but I am beyond in debt and do not have any other resolutions. Any horror stories after filing? Any positive stories? Please enlighten me.

thanks!

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lilshlump said : )


Hi! I am wanting to buy my first car. I’m 18 years old and the car I want is about $15,000. I just got a job (I have had other jobs before but not for the past 2 months) but I don’t start for another 3 weeks. I will be earning about $600 a month. I have NO other bills to pay, and my parents will be giving me the money for insurance and HALF of the car payment, so paying it will be no problem.

I need to apply for a loan, and I WILL have a cosigner with excellent credit (my dad). I know it varies from place to place, but in general, will I need to have worked at my job for a certain amount of time before I can get a loan? Also, can I put down what my parents give me as additional income when applying for loans? THANKS so much!

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Melanie B said : )


I’ve never had a credit card (although my credit sucks) and heard they’re a great way to repair credit. Any tips?

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wildtabycat said : )


My mom just opened her own woodworks business and wants to apply for a car/ truck loan. She wants to apply for it using her small business credit, not her personal credit.

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Mysti said : )


I need to file bankruptcy and I’m wondering how long does the process take.

I understand I have to take a class or something like that.

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sandhsand said : )


This month makes 10 full years since I filed full bankruptcy. What steps can I take now to get it off my record?

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Zoxx said : )


Right now I have 10 Credit accounts open. Ranges from $424.00 to $5200.00 with a credit score of 728.

I have $0 balance all of my cards at this time.

I just applied to get a motorcycle and they denied me saying that I have too much revolved credit open.

I rent a apt due to the high housing prices. I have yet been able to afford a house due to those circumstances.

I have a couple questions that I hope can be answered.

1. How many Cards should I have open at one time?

2. I have heard having allot of closed accounts on your credit report looks bad. T or F (Explanation Please)

3. I have heard that you should always keep a small balance on all your cards. T or F (Explanation Please)

4. Should I try and get an outside loan from a banker or lender to get a lower APR than what they are offering at the dealership?

5. Any other useful tips to help keep my credit score on the rise without accruing allot of debt?

Thanks Allot.

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