What happens if your flagged by the Credit Beuros?
Im using a credit repair service. They basically dispute everything deragotory on your credit report and try to get them deleted. Well i just recieved a letter by equifax stating that it is suspicious and fraudulent to use a credit repair service and they will no longer respond to letters sent by them. The service told me that they are legal and the credit beuro is just using it as a stall tactic. The repair service said they have a responce to that, and basically is going to send them something saying i am who i say i am. I am afraid i might be flagged by the credit beuros and from what ive been told they can ignore all requests to remove info and they dont even tell you youve been flagged. The repair service told me that the only thing 1 can do after being red flagged is to file a complaint with the FTC. How long can the credit beuros flag you for?
Instead of wasting money paying a credit repair company, you should use that money to negotiate settlement of those debts.
Read what the FTC has to say about credit repair companies: http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm
It is a waste of the credit bureau’s time to file bogus disputes. One of the reasons it takes so long to get real errors corrected is all the bogus disputes. Since you have been flagged, you will find it very difficult to get even real errors corrected in the future.
I owe almost 70K in credit card debt. I lost my job and simply can not afford it. What cc do? Load out?
I owe reason over 70 K. My husband and I have tried to protect my credit for years, but now I am unemployed and have been for the past 10 months, we can not afford them. If I have to go for therapy of consumer debt, I not only have charged out and start again anyway using only cash. I owe amex 20K, 20K bank america, and some smaller ones. If I kept the little ones, which rises up my rates just because I was behind the others? Trying to get my options straight. The worst scenario is all. Thank you.
I file for bankruptcy if I were you. There is no point in trying to pay if they do not have the money for. Make sure you file under Chapter releasing more debt that makes you pay, without interest. I think it is Chapter 7, but I'm not 100% sure.
I just wanted to know before I have it, is it a scam?, Not dirty credit … Is there something else that works for credit card debt is not a fraud?
Consolidated Credit Counseling Services is a business legitimate. It is an ISO 9001:2000 Standards Organization and has an A + rating with the Better Business Bureau. According to its website, interview you about your situation financial budget to analyze and make recommendations. There really is not a "one-size-fits-all when it comes to resolving debt problems. management program debt would fit if you have high interest rates and are struggling with minimum payments and has not gone too far in their bills. The establishment debt could be an option if you are more than 9 months behind in your bills, your creditors have accused the accounts and debt collectors are knocking at your door. Bankruptcy may be an option if you're so far in the hole that you can not go, however, keep in mind that you probably need a lawyer because it is a process complicated. In addition, according to MyFICO.com, credit counseling does not affect your credit score, so it should not hurt your credit to seek help of them. Resources are included in the Consolidated Credit (including website) and how to spot fraud.
I confess that I have had many clients, part way through the bankruptcy process, they were very nervous before our initial consultation. To their own detriment, I think presentation of even more delayed due to this anxiety. I have to say that my feelings were a little hurt when I realized that many people have a lot of lawyer-phobic.
If you ask any long-term client, you will find that this fear is decreased rapidly. One of my top priorities is to create a comfortable environment and relaxed for my bankruptcy clients. However, in the hope of appeasing the future customers that have not yet come to know, I have provided a list of questions you can do during our initial consultation. See? Not that bad:
Have you lived in Arizona for more than 2 consecutive years? Are you currently a U.S. citizen?
Have you ever declared bankruptcy before? What was the date of submission? Do you understand the eight years that must pass the date of its last filing Chapter 7 before you can file again?
Can you estimate the amount of your current debt? Assets? Do you know the approximate proportion of the insured against without warranty?
Do you own your home? What is the current mortgage balance? What is the value estimate? Do you understand that Chapter 7 bankruptcy in Arizona home exemption is $ 150,000?
Do you usually file taxes? Are you currently due a refund of state or federal government? Do you understand that tax refunds are generally not exempt when filing bankruptcy in Arizona?
Do you currently own a car? Do you own several cars? What is the equity in these cars? Do you understand that Chapter 7 bankruptcy in Arizona motor vehicle exemption is $ 5,000?
Are you filing for bankruptcy to discharge student loans, alimony, or child support payments? Do you understand that these debts can not be discharged in Chapter 7 bankruptcy?
Is there any chance that you may receive an inheritance or unexpected in the near future? " You realize that your bankruptcy can still be opened after debts are discharged and money acquired after discharge may still be considered part of the estate in bankruptcy? Do you realize this also includes any trial to be granted?
Having recently made any large purchases on their credit cards? Have you made any large gifts or rebates to a friend or family member? Have you transferred the assets?
Have no friend of the family members signed on your debts? Do you understand that the bankruptcy will only remove personal responsibility and not that of his fellow signatories?
Do you currently have a kind of savings account? Do you understand that some forms of account (such as IRA, 401k) can not be regarded as part of the estate in bankruptcy? Do you realize that only the first $ 150 in your savings / current account is considered exempt?
Do you realize that there is a fee high associated with filing bankruptcy and complete Credit Counseling? You understand that, unless specifically in our fee agreement, these charges is in addition to attorneys' fees?
And while we're on the subject, do you realize that there are attorney fees associated with bankruptcy? Did you realize that these rates are often required in advance?
Are you currently wages garnished? Does your principal residence Arizona facing foreclosure? Are you being sued?
Are you married? If so, your spouse is also filing? Do you realize that Arizona is a state of community ownership, which may complicate the filing of bankruptcy by one spouse?
Do you realize that bankruptcy is not the case during the night? Are you ready to fill the seemingly endless amounts of paperwork that will be sent your way? Do you understand that you must document all of your debts completely and assets?
Do you currently own a business? Are you currently a member of a partnership agreement? Do you own patents?
Do not hold me to this list, since some of them can not come during our initial consultation bankruptcy and can think a little more on the road. But in any case, I hope you realize that there is nothing to worry about. Most of these questions are quite easy if you've taken the time to organize your personal documents.
My name is Christopher H. Ariano and I am a Phoenix bankruptcy attorney and managing partner of Ariano & Reppucci, PLLC. We are a boutique law firm located in Phoenix, Arizona that focuses on the preparation and filing of consumer bankruptcy petitions. If you are in need of an experienced and dependable Phoenix bankruptcy lawyer, don’t hesitate to contact me today.
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