800isthegoal

if I financed another vehicle how long must you have it before being able to file for BK? or is it illegal to purchase any vehicle at all knowing that you will be filing BK in the upcoming year? say I had no choice but to trade it in and get another vehicle how would you suggest doing it other than paying off all the negative equity first and then not filing BK until it is paid off or until a time I am allowed to file? how should I go about trading it in?

its actually the car and the fact i will be filing chapter 7 soon and cant buy anything for awhile. car is approaching high mileage and is starting to need work. any suggestions based on this?"

Hi everyone! Hope you all can help me out with this. To make a long story shorter I went through a very bad divorce. About 18 months ago I got approved for a car loan through Crescent Bank and Trust out of Louisiana. My interest is around 24% and I financed around $12k with $2k down. When I obtained the car loan my fico scores were in the upper 400's and thats where they still are currently as I am just starting to work on it. MY question is this: I know I am way upside in my car more than likely for only having it a short time but do you think I could trade it in and get more of a car and a lower interest rate? Like i said I have NEVER been late on any of the 19-19 payments so far! If I can get a better rate how much better do you think I can get based on my payment history? Thanks and please add any advice below as well. I also have a few thousand dollars I could use for my negative equity if it is absolutely REQUIRED!

Thank you everyone! So I could to file paperwork for my Chapter 7 Bankruptcy in two weeks and based on what you all said I can dispute my addresses. Can I dispute inquiries? One other thing to note and I am not sure if this will help me in all my efforts but my name is Danny and middle initial is "E" and on my credit report it has other aliases and personal names for me as Daniel J."! I have never been called Daniel and that is not my birth name and my last name begins with a "B" so I am not sure where the "J" comes into play at all! I did not know if there was a certain letter for this kind of mess up or if i should leave it alone until BK is discharged as it might assist me tremendously when i dispute my credit lines? Any advice is so appreciated! God Bless!

stroked89coupe, thanks for responding! if i may ask, is there a reason I should wait? i was hoping to improve my negatives and definitely improve my score alot so that when my BK7 is discharged it will look alot better on me when i apply for credit cards and mostly when I try to refinance my car loan.. I just pulled my equifax FICO score and it was an amazing 415. I am so embarassed as it use to be in mid 700's before i became disabled and divorced!

I am getting ready to file paperwork for a Chapter 7 Bankruptcy! My question is this: - Do I dispute addresses, credit lines, etc before and during bankruptcy process or do I wait until Bankruptcy is discharged?

legal... seriously? I could try and copy the credit report by copy the screen image on my computer and then cropping it out so you can just see the area I am talking about? Want me to do that so you can see what I am talking about?

Thanks Steve, thats exactly what I have been doing!

I just wanted to thank you all again! I know your time is precious to each of you. Just a few words about myself. I am 36 years old and recently I became deathly ill with a rare genetic disease that runs in my family. After coming out of a coma I realized my spouse had found another man, not took good care of our two boys and ruined our finances on her romance affair spree. To make a long story short I fought for full custody of my two boys and in exchange she could have all the materialistic things, I won full custody of my two boys and she got the house, car, etc. Before divorce was final she let car be repossessed, didn't paid any utilities or bills in both of our names and also left our home which was a rental without paying off or fulfilling our lease. So this is why I have many questions on what to do and had to go about it. I have hundreds of thousands of debt in medical bills. I have many charge offs and the only open account i have right now is my car loan which is current and always been paid on time. I am currently living with my mother and stepfather for awhile to get my credit back in order and they also help take care of me and my boys! So any advice you can give me is so much appreciated! again thank you all!

Thank you so much! 1.) when I opt out how long am i opted out for? Indefinitely until I opt back in? 2.) shouldn't I dispute incorrect addresses before disputing credit lines? I just got my 3 reports from annualcreditreport.com is there any other report i should acquire besides the 3 major ones? would you suggest me getting account on myfico.com to monitor my progress and scores? do you think I should hire someone like Lexington Law to improve my credit amd credit score or do you think I could do as good of a job as them? *** and lastly I will be filing a chapter 7 BK in the next few weeks. with that being said should I still dispute these or wait until BK is discharged before attempting self credit repair through disputes?

I have went through many threads and done many searches but unable to find a step by step thread for self credit repair. Can anyone please post a link to thread that has a step by step overview on self credit repair? I am looking for something I can follow precisely! I want to delete addresses, inquiries, multiple names as well as dispute negative lines and any other incorrect data on my CR. Hoping to find an all inclusive link that has everything including which letters to do with each step and so on! Thanks so much for reading my post and helping if you can!

Rodd thank you for your post, advice and well wishes. God bless you my friend!

Thanks for all the help! I looked at my credit report. It has been charged off but I do not see anywhere where the debt was sold. It just had the creditor as Capitol One in Salt Lake City Utah. Will I be able to open another secured credit card with a different credit card company after BK has been discharged?

Thank you Allisson. Do you have any suggestions for me once the BK is discharged? And should I start disputing negative lines of credit to increase my score anyways while I am filing for BK?

Hi guys I have many questions I hope you can help me with. I will start by trying to keep it short and ask the main question first! Question/Situation: About 18 months ago I opened a Capitol One secured credit card to help build up a positive credit rating. For the first 8-9 months I was maxing out the card and paying the balance in full before the due date. I know I was going about this wrong now as I have researched and now know how to keep a low utilization and keep a small balance to pay on each month. The bad thing is I maxed out my card one month as I always did and before paying the balance in full like always I became deathly sick and was in a coma for almost a year. When hospitalized my card was never paid and incurred numerous fees. My $500 CL card is now inactive, 10 months past due and has a balance now of almost $800. My question is this: Do I pay balance in full immediately? Do I attempt to have them reopen the account after paying? I am getting ready to file a chapter 7 BK, so should I just include the card with all my medical bills in my BK and not pay it? and should I attempt to open another secured credit card before filing my BK or should I wait until BK is over and discharged? My credit scores are all low 500's and I have hundred of thousands of dollars in medical bills and I am now on social security disability with a very low income. Only positive line of credit I have is my car loan. I Have a car financed through Crescent Bank and Trust with a very high interest rate but thankfully I had each months payment deducted out of my savings each month so I was never late on it! Any help or advice regarding my situation is so appreciated and I pray God blesses each of you for taking the time to read this and help me! Feel free to ask me anything or suggest anything to me! I am open minded and willing!