“Dear Michael, During my junior year of college my parents provided me with a credit card that they paid off in full each month, they never missed a payment and I never worried about the money. I took out a credit card on my own my senior year of college, which I could make the minimum monthly payments until I ... Read More »
“Dear Steve, My house was not included in my bankruptcy, but my mortgage lender is reporting it as “included in bankruptcy”. I filed bankruptcy (ch 7) in 2008. I signed a reaffirmation with my mortgage lender, but my credit reports remain messed up. 1 agency has no info of a mortgage, 1 shows my balance reducing monthly, but carries it ... Read More »
“Dear Steve, Hi, I have a question about the finer points of manipulating your credit score. I’m a pretty financially savvy guy and I was doing great until the great recession hit right after I had financed an expansion to double the size of my small business. Although I fought hard, it was no longer a going concern and I ... Read More »
“Dear Steve, I buy and flip houses in Colorado and use the Home Depot Pro Loan on all my projects. They give a nice line of credit with a 7.99 percent interest and interest only payments for 6months. I usually pay it off before before that time period. I have done this 5 times and closed all 5 Loans. My ... Read More »
“Dear Steve, I filed chapter 7 bankruptcy in October 2009 and the disposition date was March 2010. I am currently reviewing my credit report, as a means of disputing any inaccuracies found on the report. Issue 1: On credit report A under public record it states that I have a $0 claim amount and a $0 liability amount. On report ... Read More »
“Dear Steve, I filed bankruptcy and my creditors are still reporting delinquent debts. Chapter 7 bk filed on 9/18/2010. Trans Union are reporting all of these account w/ delinquency after my filing. Its very frustrating I have disputing this for over 5 years! I have never been w/ any of my accounts before my filing date. Trans Union even put ... Read More »
“Dear Steve, A collection agency is reporting that I opened a credit card in 2011. I was actually totally unable to get credit by 2011 because in graduate school I became unemployed and had some serious financial problems. I think this is a debt from 2004. Is there anything I can do about this? Thanks in advance. I am trying ... Read More »
“Dear Steve, I have a question with regards to bankruptcy and negative reporting by creditors. I filed for bankruptcy on 4/1/13 and the Bankruptcy Automatic Stay kept creditors from collection efforts. The bankruptcy was discharged on 7/31/13 which then reverted the automatic stay to a permanent discharge. From what I understand, creditors cannot collect on the discharged debts, as well ... Read More »
“Dear Steve, I recently discharged my ch 13. I am interested in understanding how long I should wait to consider a new home purchase. My fiancé has excellent credit but I contribute the bulk of the income. I am hoping that the 2 years you eluded to can be minimized with his credit history. Thoughts? Kellie” The Answer Dear Kellie, ... Read More »
“Dear Steve, I discharged my debt in 2010, opened a few charge cards to build my credit. Have been doing all the right things. On time payments, debt on cards never over 30%, paid my car off and my Fico score stays the same. 686 for a year now. Before bankruptcy my score was 750-790. What is going on? I ... Read More »
“Dear Steve, Have settlement letter from collection company and will complete the last payment in Oct. The original creditor continues to show the remaining balance of debt and reduces it with each payment that I make to the collection company .The collection company is also making monthly reports that I have the debt but no balance. Is it legal for ... Read More »
“Dear Steve, I am 22 years old. I have never had any help with my family with any money growing up. I graduated High School in 2009 and started out with a couple credit cards. Bank of America for School books and Best Buy for a laptop. I also had a car payment that my sister had underneath her credit ... Read More »
“Dear Steve, I just received an investigation report from Equifax that the 03/2008 Collection Account has been fully paid since 03/2010 and is currently reporting a zero balance for this account. Yet, when I printed my 05/21/2013 Credit Report the said account is still listed with Experian and a part of my High Impact Differences. I also had fully paid ... Read More »
“Dear Steve, We started to have troubles making payments. Did Bankruptcy. Trouble again and we re-fied our house not once or twice about 4! Took a 2nd out… Around and around sprial…. husband lost his job. Lost house. Moved out of state and did Bankruptcy AGAIN! It was bad decision after bad. And it was all in thinking we were ... Read More »
“Dear Steve, There is a credit card debt on my credit report that is more than 10 years old. I can’t get any questions answered or removed from my credit report. I’m in California. How long is the debt collectable? What is the statute of limitation on collecting the debt? What can I do to get it removed? Julie” The ... Read More »
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Get Out of Debt Guy – Steve Rhode Learn how to really get out of debt