How much does a chapter 13 cost? To file a bankruptcy will cost you about $2000 depending on who files it and where you file it. Bankruptcy should be your last option and you should exhaust other options before you file. If you have additional bankruptcy questions you should contact an attorney in your state. Continue Reading »

Does paying off collections help my fico score? Having open collection accounts can do major damage to your credit score. Just one collection account can drop your credit score over 100 points. This can be the difference between buying a home or not buying a home. Having bad credit will limit the types of credit that you can get as well as the interest rates that you will get. As you can image, having unpaid collections on your credit report can put you in a higher credit risk category. This would most likely cause you to get higher interest rates when you apply for credit. Continue Reading »

Do not let a debt mediation company keep your funds in their house account. Use a debt negotiation company that insists on setting up a special trust account for you. When you give someone your money it magically becomes their money. Who would you rather have hold your money during your debt negotiation program. If a debt settlement company wants to hold your money and they are not a law firm, they are probably breaking the law. The law is very specific about how money can be held. Most states have laws about debt collection and their are laws about how money can be held. Your best bet is to use a debt settlement firm that has you set up your own bank account. You control it and if you decide that you do not want to do the program anymore, there is no question about getting your money back.

I have Questions about bankruptcy – What are the most common BK questions

Some Bankruptcy questions can be difficult to get an answer to when you are just starting out in the process. This article is designed to answer the most common bankruptcy questions and give you bankruptcy information to help give you peace of mind. Whether you are filing a chapter 7 bankruptcy or a chapter 13 bankruptcy, the information in this article will be very important to become familiar with. Dealing with Bankruptcy companies and attorneys does not have to be scary. Here are some of the most common questions about the bankruptcy process. Continue Reading »