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"Credit Report"
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Question: I have already filed Chapter 7 Bankruptcy by myself, my spouse did not file as his credit is good. I do not have any joint accounts with him, including the house in which we live; it is only in his name. After I filed bankruptcy, his mortgage company, CHASE Bank, has now contacted [...]
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Can someone try collecting from a previous judgment that is not listed on the person’s credit report?
Answer:
With only that bit of information, the answer is yes. There are a few factors to consider. First, was the judgment ever paid? Given the tenor of your questions, it doesn’t appear to be [...]
Continue Reading →Were you aware that FICO offers lenders a proprietary score called the FICO Bankruptcy Score? According to FICO, the Bankruptcy Score will help lenders: “Identify more future bankruptcy, including likely surprise bankruptcies; Take action based on advanced warning of bankruptcy likelihood; and Protect profits by reducing loss exposure while maintaining revenue streams.” In [...]
Continue Reading →1. You can’t take it with you.
Do you really want someone at your funeral to stand up and say, “My friend Joe was a great guy; he had a credit score of 807.” I sincerely hope you define your life in more meaningful ways. I suppose you could have your credit score placed [...]
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I filed for Chapter 13 Bankruptcy in 04/2002. It was discharged in 03/2004. It has been more than 7 years from filing, so the chapter 13 bankruptcy is off public records section of my credit report. My credit score with TransUnion and Equifax is 800+. But on Experian, one lender is reporting status as [...]
Continue Reading →Your credit report is better termed as your credit history; it is a record of your various credit accounts and transactions that is prepared for the benefit of other lenders. Your credit report has 4 sections that are relevant: (1) Personal information, (2) Trade lines (this section is where all your accounts are listed), (3) [...]
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During a ‘stay’ ( I think that’s what it’s called) is it normal for creditors to report ‘past due’ on your credit report. I pulled all three bureau’s and some show past due, and some didn’t. I am trying to improve my credit score. I have disputed one item that was being [...]
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