You have to go with the lawyer who gives a query about bankruptcy? The time is possible that their fees are high or after hearing what he has to say or take the test means you do not agree with what they say .. Do you still have to go through it? What is a good way of saying thanks but no thanks?
No, you can go to several attorneys for a free consultation. Just tell him you think about it, and say good bye to exit. You are under no obligation if you only use the free consultation period.
How can I repair my bad credit when all my cards are on charge off status?
My debts are about 3 yrs old now, and in charge off status. When I called up the companies trying to pay off these debts, they kept sending me to different depts and finally I got tired of the runaround. I really want to get my credit back in shape but don’t know how to go about it. Any ideas?
A charged-off credit card means that your account is closed with the creditor and they have “charged-off” the debt as bad (uncollectable). They still expect you to pay the debt and can even file a lawsuit against you, but it all depends on how much debt are you talking about and what is your ability to pay? It’s worthless to sue someone who has nothing, if you get my point. However, many credit experts will argue that you are in the driver’s seat and you need to negotiate a deal which will do the following:
1. Only pay on debts that you can negotiate an amount and agree (in writing) with the creditor that they will not report it to the credit reporting agencies. Note: if you start making payments, this bad debt will stay on your credit report 7 years after your last payment. For example, if it took you 5 years to pay off this bad debt – it would impact your credit for an additional 7 years (in essence 12 years).
2. Negotiate with the owner of the debt – not the collector.
3. Use cash or pre-paid credit cards (stop charging).
4. Do research before you start paying on charged-off debts.
What do I have to do in order to "pass" a test to file for Chapter 7 bankruptcy?
I live on Minnesota. My card debt credit is $ 45,000.00. I incurred this debt before she married a year and a half ago. What could be done to improve the chances of passing the means test?
http://freemeanstesting.com/zmt/Mt_intro.asp hope this gives you some ideas
There is a business helping others fix their credit history. This will make a new head start in their life and I think it is rewarding in many senses. Whether you are just starting out on your own or have been managing your finances for years, it is becoming increasingly important to have good or even great credit in order to secure a loan with good terms. While it’s true that whatever you do could be done by the clients themselves, most people don’t want to deal with the aggravation of talking to the credit bureau to fight changes and correct mistakes. This is where you come in as a middle man. You can do yourself for totally free. You have the ability to repair your money problems and you have the ability to repair other’s credit.
How can you start a credit repair business? It’s easy to handle. First, you should get a copy of your own credit report to study. You are entitled to one free copy a year, and there are three major credit bureaus. You should learn as much as you can about the industry. It’s a good way to find free e-Books on the topic online or contact local banks for free workshops on how to repair credit. Also, consider talking to accountants and other experts that can guide you through the process as you start your business. It’s time to contact local credit bureaus and credit reporting agencies to learn how to request reports and access information. It’s not difficult to handle. Actually, it’s very convenient to contact the credit bureaus.
It’s very important for you to understand your role in the process. Once you obtain the credit report, you can then work with the client to correct any mistakes, acting as the intermediate between them and the credit bureau. Companies such as Credit Repair Business offer you the chance to get started with no money down and receiving extras such as a source, a free website, a credit coach and clients. This is a good idea if you have no previous experience and want a guiding hand through the process. You should set up a tracking system. It’s very quick for you to get a single case through if you kept control of the pile of papers as required.
You should really be wary of over promising what you can’t deliver. For a credit repair company, you can’t erase accurate reports. The reports have been present in a credit report for less than seven years. You can only deal with genuine mistakes that may be ruining the credit history of somebody who actually never committed any of those mistakes. It’s really the key point of the credit repair business. You should take care of that.
I am looking for a Credit Repair Co. that is a bit smaller then the rest of all the major companies out there since i want personalized service at a resonable price, people who can actually help. If anyone knows of such a company, i would appreciate the help. Thanks
Ok, this is what i can say, yes credit repair companies can only do what you can do yourself, but like myself there are many other people out there that dont have them time to go 10 times to the post office and send off letters to all credit bureaus and all creditors that are listed on a credit report, sure you can, but you can also fix your own car, mow your own lawn and home school your kids but you dont. Instead you decide to use a professional.
I went and obtained all 3 of my credit reports, and then i seeked a professional, i used www.fastcreditsolutions.net
They were super helpfull and explained to my what my credit problems were and by how much i should lower my revolving accounts by.
My results were awesome they deleted a bunch of old collections and some late payments on my car loan.
They are pretty cheap and have awesome customer service, you can contact them below.
Fast Credit Solutions
Phone#(702)541-8215
Some Credit Repair Services & “Law Firms” May Be Scams!
