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Thinking about a Payday Loan: Watch These Videos First !
Payday loans may seem like a solution to your financial issues... but before you go that route, watch these videos to see how they work. Be wary ! http://www.youtube.com/watch?feature=player_embedded&v=3rOVmUnUM7A...
How can debtors obtain a copy of their credit reports and correct any errors?
How can debtors obtain a copy of their credit reports and correct any errors? Whenever a debtor’s application for credit is denied, the credit issuer is required to give the debtor, on request, a copy of any credit report that was used in making the decision....
What can debtors do to re-establish their credit after filing bankruptcy?
A mandatory debtor education program is required in connection with Chapter 7 and Chapter 13 cases that can help debtors understand how to re-establish and maintain good credit. Also, after discharge in Chapter 7 or 13, debtors may be able to obtain a "secured" credit...
How do I know when my bankruptcy case is completed, and I am no longer in bankruptcy?
At the conclusion of an individual’s bankruptcy case, the court enters an order closing the case, and a copy of this order is sent to the debtor. Unless the trustee has assets to distribute to creditors, case closing takes place fairly quickly in Chapter 7 cases. In...
Does a bankruptcy case automatically remove liens—such as mortgages –against a debtor’s property?
No. Liens can be placed on a debtor’s property in many different ways. Some are by agreements, like mortgages and auto liens. Others are by operation of the law, like property tax liens on a debtor’s home. And some liens are to enforce judgments that have been entered...
What should a debtor do if a creditor does demand payment of a debt that is listed in the bankruptcy schedules?
If a creditor who is listed in the debtor’s schedules attempts in any way to collect a scheduled debt, the debtor should inform the creditor that a bankruptcy case has been filed and request that the creditor stop the collection efforts. If the debtor is represented...