Not everyone who comes to me for help wants to file bankruptcy. Their problem isn’t that they’re dealing with overwhelming debt, but they are having trouble buying a car or a home because of errors on their credit report. Oftentimes, there are still debts showing as owing even after they have filed bankruptcy, or someone has…Read more
Why Aren’t Payments On My Car Or Home Loan Showing Up On My Credit Report After I Filed Bankruptcy?
One of the things that I talk about at almost every consultation is the issue of reaffirming debts in Chapter 7 bankruptcy. Reaffirmation typically comes up only in relation to secured debts. Examples of secured debts are car loans and mortgages. There are two elements to a secured debt. The first is the promissory note.…Read more
How Will My Bankruptcy Affect My Cosigner’s Credit Report?
As with so many legal issues, the answer to the question of whether your bankruptcy will affect your cosigner’s credit report and score is, “it depends”. As the filer, your bankruptcy will be reflected on your credit report in two ways. First, your bankruptcy will appear on the report as a public record for 10…Read more