July 8, 2011
In what could be a repeat of the easy-lending cycle that led to the housing crisis, the Justice Department has asked several banks to relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new crackdown on alleged discrimination,...
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Justice Department To Banks: Relax Mortgage Underwriting Standards, Approve Poor Cred
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Millions Need Not Apply
May 29, 2011
Millions of Americans who lost their jobs to the recession and fell behind in payments to creditors are being penalized again, this time by companies that use credit records to screen job applicants. Five states have limited the use of credit histories by potential employers... -
What has your BK taught you about credit?
One of HHM's replies started me thinking. I do believe I have learned a lot from my BK, or more precisely from the actions leading up to my BK. However, I started wondering what I learned about credit. I'm curious to hear what others think.
For me, I've learned that credit is over-rated...... -
Which bank don't forgive and forget?
I have been looking around for a good online savings account with a decent interest rate for my emergency fund. I finally found one and a few weeks ago opened an account with... drumroll please... American Express. I find this the height of irony considering I've never had an AmEx and probably never... -
Sub-Prime Credit Card Offers Up 300% Since June
January 12, 2011
For the last two years , its been nearly impossible for subprime borrowers to qualify for a loan of almost any kind. But that's beginning to change as banks slowly return to lending. First up: credit cards.
Consumers with less-than-perfect credit scores... -
WOW - That was fast!
Filed 11-29-10. Hit the credit bureaus on 12-3-10! LESS than a week. Holy Cow
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Chapter 7 Bankruptcy and $8000.00 First Time Homebuyer Credit
Hello,
I purchased a house almost 2 years ago, and received the $8000.00 1st time homebuyer credit. Am in the process of filing bankruptcy.
I have not held onto the house for 3 years, as the homebuyer credit says you have to.
I believe I am supposed to pay back... -
Unhappy Customers Now, Unemployed Bankers Later
December 1, 2010
If mighty WikiLeaks can't hurt the banks, something more mundane might just do the trick: lenders' frosty relationship with their cash-strapped customers.
Half of bank customers who fell behind on loan payments or otherwise suffered a so-called negative credit... -
I think somebody just violated the automatic stay...
Hmm, I just checked my FICO score-watch and got a message that my score dropped. Here's why:
1 new account was added to your credit report:
ASSET ACCEPTANCE CORP. (XXXXXXXXXXXXXXXXXX)
Opened: 7/2010
Balance: $23,377
Credit limit or... -
clamp started a topic Pending Foreclosure - Banks wants Deed in Lieu w/possibility to rent back- What to doin ForeclosurePending Foreclosure - Banks wants Deed in Lieu w/possibility to rent back- What to do
My bankruptcy was discharged in Feb '10... I did NOT reaffirm either my first or second (held by different banks). They offered me a modification, but I will not do it because I am completely upside down in the house. Foreclosure sale is scheduled for Dec. 20. I had just planned on letting them foreclose... -
Best place to find all your debts and judgements?
Hello,
I am filing soon and need to prepare all my debts for the lawyer. Whats the best place to find all my debts? My credit report? Will they all be on there?
I have maybe 30 cards I'm in debt too and about 30 for 2 businesses.
I just do not want to miss... -
Citicard post discharge - not on credit report
Has this happened to you? Citicard was included in my chapter 7. Citicard was on all three of my credit bureaus before filing. My BK was discharged and closed a couple weeks ago. I just pulled all three of my bureaus and Citicard does not show on any of the reports.
Should I call... -
not all my debt is on my credit
hello everyone , i am considering filing Bk i had already found an attorney tfor the process. what i am unsure on is if filing this black is the right thing to di. barely any dischargable. 38k in debt only .5.6k to 7k appear on,ny credit report 75% of that is can not be discharged. .l(court fines... -
Denied by Secured Cards - Seriously?
Hi, I have been lurking on the threads here for almost a year and a half and love reading all that members have to offer each other. We filed last year (August) and got our CH7 discharged in December. During the BK we gave up our 2nd car (kept the paid off one), our house (upside down thanks to the... -
Need information on credit repair business!!!
Hi everyone, I have been hearing lately about credit repairing companies and the amount of work they get in their business. One of my cousins is running a credit repair business, I have talked to him about the business but, I need more information on this so that I can start my own credit repair business....