Finance, Loan, Debt and Credit.

May 16, 2018

Can You Refinance A Georgia Mortgage After Bankruptcy?

Filed under: Loan — Tags: , , , , , — admin @ 12:47 pm

Getting a Georgia mortgage refinance after bankruptcy isn’t as difficult as most people think it is. Because you already have a current mortgage, and will simply be replacing this loan with a new loan, lenders don’t feel there is a great deal of risk involved when offering you an approval.
How Soon Can You Refinance?
Within 6 months of filing bankruptcy, you will be able to find a lender willing to offer you a Georgia mortgage refinance. In some cases, you may be able to refinance even sooner. That said, the longer you wait, the easier it will be to get a low interest rate.
What Will Lenders Look At?
When reviewing your request for a Georgia mortgage refinance after bankruptcy, a lender will look at several different things to determine whether of not you are eligible for the loan. Income, savings, and the ability to pay back the loan will all be items of focus, but the big deciding factor will be your credit report. Lenders want to see that you have made an effort to keep up with your current bills, as well as any lines of credit established after the bankruptcy was filed.
How Much Will the Refinance Cost?
The cost of your Georgia mortgage refinance will depend on how much money you are borrowing, the state of your credit score, and the level of risk the lender feels they are assuming. The biggest cost will be in interest. Currently, rates on Georgia refinance loans average 5.53 percent. Borrowers who have a low credit score or a bankruptcy on their credit report will most likely be expected to an additional 2 to 4 percent points more than this average. The other major expenditure for a Georgia mortgage refinance will be closing costs. These costs typically average just over $3,000 for Georgia residents. The good news is that your bankruptcy should have little to no effect on these fees.

For a list of Bad Credit Mortgage Lenders online, visit <a target=”_New” rel=”nofollow” onclick=”javascript:pageTracker._trackPageview(‘/outgoing/article_exit_link’);” href=””>Georgia Lending Center</a>.

May 15, 2018

How to Refinance Even After Bankruptcy

Filed under: Loan — Tags: , , , , , , , — admin @ 12:47 am

If you have filed for bankruptcy in the past, then you already know how difficult it can be to get a refinance loan or a home equity loan. But if you are willing to take the time to dig a little deeper into the topic, you may be surprised at the number of very viable and downright attractive offers and options. The fact that you have a bankruptcy on your credit report or a past or existing debt consolidation loan does not seem to deter many lenders from various sources in the same way that it may cause traditional lenders to run for the hills.

In fact, many of these lenders are more than willing to offer you an attractive program or rate for a home equity loan or a refinance loan. The reason for this is that they have looked at the bankruptcy statistics and realize that the majority of people who filed bankruptcy did not do so out of their personal financial mismanagement, but more often due to an unexpected financial setback which was totally out of their control, such as a job layoff or huge and unexpected medical bills that your health insurance did not cover.

If your bankruptcy was in the very recent past, even with Chapter 7 or Chapter 13 bankruptcy filings, you may have to wait six months after you have filed to be eligible for all the programs that a potential lender may have to offer you.

Whether or not you have filed bankruptcy, you must realize that in most cases you are able to retain your home, where that is typically not one of the assets that needs to be liquidated to satisfy a bankruptcy judgment. In that light, you almost certainly have some equity in your home, so lenders will look at it as a loan they are making that already has a substantial piece of collateral on it, in the form of your home. In other words, when a lender makes a loan offer, one of the major factors that determines the program or rate they will offer you is their risk factor. That risk factor is partially determined by the applicant’s credit score, but it is also heavily influenced by the collateral that is used to secure the loan, so in the case of having your home equity loan or refinance loan secured by your house, the lender’s risk is minimal.

Even with the loan secured by your home, the fact that you did file bankruptcy will not go unnoticed by the lender. The worst thing you could possibly do is to try to cover it up, because that fact is highlighted in your credit report and is virtually impossible to hide. Based on your filing, you will likely need to pay a slightly higher interest rate that somebody else with perfect credit and no bankruptcy on their credit history, but even so, this could reduce your payments and give you a bit of financial breathing room as you are getting your financial act back in order.

Finding a lender who will consider you with a bankruptcy on your credit report is not hard, but you will need to look beyond the traditional lenders. There are actually companies who specialize in loans such as this. A bit of searching can yield just the right lender as you work towards rebuilding your excellent credit history and putting the bankruptcy behind you.

For more insights and additional information about a Refinance Loan Home Equity Loan After Bankruptcy as well as getting a free online loan quote with no obligations, please visit our web site at

March 25, 2018

Management of Tax Returns During Chapter 13 Bankruptcy

Filed under: Tax — Tags: , , , , — admin @ 12:47 am

People who formally request for filing Chapter 13 bankruptcy can’t discharge their debts. They have to make repayments as in Chapter 7 bankruptcy. There are several tax return help agencies that advice people to take decisions. People, who petition for Chapter 13 for the court consent, get an opportunity for debt repayment plans that reduce the due amount to the creditors. However, before one gets any repayment plan approval from the court, the person who has filed Chapter 13 must have filed income tax returns.

There are some guidelines to help a person for filing chapter 13 Bankruptcy.

• One can begin with collecting all the documents related to federal income tax return for the preceding four years. It’s advisable to collect a copy of all the missing documents.

• One needs to be sure of the fact that one has filed income tax return, four years earlier before filing for Chapter 13 bankruptcy. There is no petition for bankruptcy, if one has filed to file tax during any of the prior 4 years. It would be beneficial to file the missing returns. For tax refund one can take help from the bankruptcy attorney or the accountant. 1040 tax return form are easily available.

• In case if a person has already pretention for Chapter 13, it is advisable to take help from some attorney who would promptly file the returns, even the un-filed ones. It would to be favorable to do so before the first meeting with the creditors. Whether one has filed for bankruptcy or not, you should file your current state income tax return the usual way. All the income received in the current year needs to be reported. To calculate the tax return, one has to deduct all the permitted expenses and the allowances. One should include any debts that have been cancelled, to obtain the benefits of that you are entitled for. One can even file tax return online. This can save a lot of time and make the task easy and convenient.

TaxReturnShopee provides detailed information on tax return preparation Filing and Income Tax Preparation for State and federal tax return status. Also get 1040 Tax Return for free with information on preparation.

October 9, 2017

Recover From Bankruptcy With a Mortgage Refinance Loan

Filed under: Loan — Tags: , , , , , , , , , — admin @ 12:48 pm

If you have gone through a bankruptcy, you are probably having problems getting finance and not being able to get finance when almost everything in commerce is based on credit, can turn out to be very stressful. Nevertheless, if you are a homeowner, you can get finance by refinancing your home loan while at the same time helping you raise your credit score.

There are lenders in the market willing to refinance home loans for people who have gone through a bankruptcy. However, there are many things you need to know before jumping in to the refinance loan market. Otherwise, you may end up in a worse credit situation than you started.

Time Is Essential

You need to be very careful when it comes to timing. It is highly improbable that you will get approved for a refinance home loan unless at least six months since your bankruptcy has been dismissed have passed. There is no way round this waiting period and you should be very aware of this because applying for a loan and getting declined will affect your credit negatively. Even if the lender does not report the decline to credit agencies the sole credit report pull will affect your credit score negatively.

Credit Requirements

Even though a mortgage loan is a secured loan, bare in mind that a past bankruptcy will show on your credit report when you apply for a refinance home loan. You need to show the lender that you have an impeccable credit behavior since then. In order to do so there are a few things that you should do: Make sure you pay your bills on time and never (absolutely never) miss a payment. This will look good on your credit history. Also, if you can not get approved for an unsecured credit card, get a secured credit card so you can establish a credit history of timely payments with a credit card.

Searching For The Right Lender

Finding the right lender is not an easy task, but can be achieved with patience and proper research. Contact as many lenders as possible in order to get loan quotes from them. You can search the net for refinance mortgage loan lenders. However, make sure that by filling their forms you are not authorizing them to pull your credit report. Instead contact someone in the lending institution and ask for an informal quote. You will tell him your true credit situation and he will give you an approximate quote. This way you will have an idea of what you will be facing but you will avoid too many credit pulls showing on your credit report which would otherwise affect your credit negatively.

Once you have decided which lender is best for you, you can apply for a refinance mortgage loan. Bear in mind that since you have gone through a bankruptcy recently, the interest rate on your loan may be higher than regular home loan, however, if your monthly payments are too high you can extend the loan repayment program in order to reduce them. Once you have recovered your credit score you will be able to refinance your loan again and get better terms. But in the meantime, this refinance loan will help you improve your credit score and recover from bankruptcy.

Devora Witts is a certified loan consultant with several years of experience in the credit area who instructs people regarding credit recovery and approval for personal loans, home loans, consolidation loans, car loans, student loans, unsecured loans and many other types of loans. If you want to understand Home Equity Loans and Home Improvement Loans thoroughly you can visit her site

September 30, 2017

Technique of Bankruptcy and Refinance Loan for Your Easily Car Buying Procedure

Filed under: Loan — Tags: , , , , , , , — admin @ 12:47 am

Bankruptcy Car Loans : Bankruptcy car loans farther help you in your chance to save money by adding a well-written explanation to your credit report file. You have a good enough reason for filing and re-establish your credit report, may prevent you from being able to any creditor who pulls your report. Typically, two years after a bankruptcy, realize that the interest rate you will qualify for with a bankruptcy on how much equity you have filed bankruptcy and become responsible In other factors may make it is your rating, after filing for bankruptcy. Once you have filed bankruptcy, you may need to explain the circumstances That way, the information will be approved for another mortgage loan to refinance your house. These other words, if You can qualify for. In your home and an understanding lender, you may qualify for another mortgage loan before the two year waiting period is that it gives the same track as pre-bankruptcy, you will not receive the loan. That caused you jumped right back on the two year waiting period. When considering refinancing your mortgage after filing bankruptcy, people become eligible for bankruptcy car loans. Thus, it possible for more reasonable rates than you ever thought possible. When you to file. However, if you have been since the bankruptcy event. The older your bankruptcy is, the lower the interest rate you should be readily available to qualify for. The lenders the ability to wait up to two years to qualify for the lowest interest rate you fill out a car loan application, you will be able to see what your choices have learned your lesson and why. If you can also help your financial choices, you will find that they readily offer you a loan for a new vehicle. This depends, of course, on your credit and your income. This is essential that you shop around for The reason for you to be asked If you have in rebuilding your cause by refinancing your home.

May 18, 2017

Top Ten Ways to Find Yourself in Bankruptcy – Debt Consolidation Help

10. Not having a plan in case of emergency
A lot of people cut their budgets very close.  If you have you money portioned out precisely for your regular expenditures and you haven’t left anything in the budget for emergencies, how will you pay for repairs if your car breaks down?  If your house suddenly needs repair?  If you have emergency medical bills not covered by your insurance?  It is important to make sure you have a plan to cover emergency spending.  If that means cutting things out of your regular budget that may not really be necessary, make sure you do that.

9.  Spending money on luxury items you don’t need
This one should be obvious, but a lot of us violate this simple rule anyway.  When you see a new car, an article of brand-name clothing or piece of electronics equipment, ask yourself a couple of questions.  1) Is there money in my budget for this? And 2) Do I really need this?  If it’s an impulse buy, odds are first answer is no.  The second answer is probably no in any event.  Think about whether you’d rather have the item or financial stability.  

8.  Buying extravagant gifts for friends and family
This is basically the same as the previous item on this list.  The difference is that some people have a problem not with buying things for themselves, but with buying things for others.  Selflessness is commendable, but it doesn’t have to be as expensive as you might be making it.  It’s not going to do your friends and family any good for you to go bankrupt buying them extravagant birthday presents.

7.  Letting small expenditures add up
If your money is disappearing every month and you can’t figure out where it’s going, odds are you’re not keeping track of minor expenditures.  Say you take a trip to the grocery store to pick up a gallon of milk for three dollars.  While you’re there you pick up some ice cream, maybe a twelve pack of soda.  You spend three dollars on candy for the kids in the checkout line.  Swing through a drive-through on the way home to get some food.  Why not get the large for only a few cents more?   Each of these items individually may not be very significant, but by the time you get home, you may have spent $30-$40 during you trip out for some milk.  If these sound like the kind of expenditures you might make without keeping track, that’s probably where your money is going.

6.  Not saving money
If despite your best efforts you find yourself owing more money than you expected, it can be a huge relief to realize you have some money saved up that can help gt you out of trouble.  Try putting a percentage of every paycheck into a savings account you never touch.  If something you didn’t expect rears up and you have to pay a lot of money, you may find that you can take care of it without declaring bankruptcy.

5.  Not keeping track of your funds
How much money do you currently have in your checking account?  How about your savings?  What have you put on your credit card in the past week?  If you don’t know the answer to all three of these questions, you’re probably going to wind up overspending.

4. Putting too much on your credit card
Credit card debt is a serious problem in this country.  One main reason is that people treat them as free money without really planning how they will pay off the money they put on them.  Another is that people don’t think about the interest rate they will have to pay on purchases on their credit card.  If you are making a purchase on credit that you could pay in cash, it may be better to use cash than to risk interest rates running away from you.

3. Letting late fees build up
Almost everyone is late with a bill from time to time.  What can really kill you is being late with your bills so often that late fees and surcharges start to build up.  Before long, the late fees you pay every month may be as large as any of your other bills.

2.  Ignoring bills
This should be obvious, but some people simply don’t take action.  If you don’t pay your creditors, they are within their rights to take collection action against you.  Most of them, however are willing to be lenient if you will simply talk to them.  A lot of companies will allow you extensions if you need them as long as you talk to them in time.  Give it a try.

1.  Spending more than you earn
Everything else on this list is derived from this one simple rule:  Know how much you make, and spend less than that.  It’s sounds simple, but it can fell complicated.  Once you start keeping track of you earnings and expenses, however, you’ll probably be surprised at how easy it becomes.

Debt Settlement / Debt Consolidation Help / Debt Settlement Services

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April 1, 2017

Zombie Debt: How to Deal With Old Debt That Comes Back

Filed under: Debt — Tags: , , , — admin @ 12:48 pm
You may have to kill old debts that resurrect and come back to life.  Zombie debt may include past debts that you owe, charged-off debt, debt included in bankruptcy, debt you may have never owed and even debts incurred due to identity theft. Zombie debt involves collection agencies purchasing debts for pennies on the dollar that original creditors have written off as bad debt and often times the statute of limitations has already run.

Debt buying has emerged into a multi-billion dollar industry in the past several years and from the looks of it, the industry will only continue to expand. Junk debt buyers can be small businesses to large, publicly traded Wallstreet companies and the characters involved in this lucrative business are banking on the consumer not knowing their rights. If you are contacted about an old debt or debt you are unaware of here are a few things you can do:

1. Do not acknowledge you owe the debt. Simply acknowledging the debt or agreeing to pay a portion of the debt can ruin your credit. Negative marks can stay on your credit for up to 7 years. By paying a portion of that debt you restart the 7 year clock. If you are nearing the 7 year mark it may be best to do nothing at all. Let it drop from your credit reports.

2. Ignore the phone calls completely. Talking to them may open up a can of worms. Speaking with debt collectors may end up restarting or extending the statute of limitations on the debt in addition to restarting the time period a negative mark can stay on your credit.  Remember, if the statute of limitations has run on a debt you cannot be sued for that debt.

3. Stop the calls. If the telephone calls continue, immediately write a letter, certified, return receipt, demanding the collection agency cease all telephonic contact with you. Make sure you clearly state in the letter that you do not agree you owe the debt nor are you acknowledging you owe the debt. Federal law dictates collection agencies must comply when you request they do not contact you via telephone.

4. Check your credit reports. Collection agencies will often stoop to low, illegal tactics to try to get you to pay a debt. Watch out for re-aging of the old debt on your credit reports. The collection agencies will report the old debt to the credit bureaus as a new debt and try to extend the seven-year reporting limit on negative items. Remember, negative items such as late payments and charge-offs can only be reported on your credit report for 7 years. Bankruptcies can be reported for 10 years unpaid tax liens can stay up to 15 years.

5. Debt Validation. Request the collection agency validate the debt. Debt validation forces the debt collector to produce a copy of the original signed contract such as the credit card agreement and the account history of the debt. They cannot simply produce some printed copy of their bill or invoice, it must be from the original creditor. Also, request proof they are licensed in your State to perform debt collection. If the collection agency cannot produce proof you owe the debt, they are violating the Fair Debt Collection Practices Act and can be sued. And, any negative entry they reported to the credit bureaus regarding this debt must be removed from your credit reports.

6. Negotiate cautiously. If you want to pay the debt, be very careful in your negotiations and get everything in writing. Remember the collection agencies purchased the debt for pennies on the dollar so anything you offer over that amount is all profit. You want to proceed with negation with intense caution because collection agencies are tricky. Debt collectors may settle for a smaller amount then turn around and sell the remaining debt to another collection agency or even worse, the collection agency could report the remainder of the debt to the IRS as “income”.

7. False promises by the collection agency. Not surprisingly, some debt collectors use dirty, underhanded tactics to collect debt. Many simply lie to the consumer and promise to remove negative credit entries in exchange for payment. Know your rights and get everything in writing. Always negotiate a full deletion of any and all negative entries reported on your credit report of this debt. Cover your bases and make sure the debt collector is not going to sell the unpaid portion of the debt to another company.  For additional information on settling debts for pennies on the dollar visit: Debt Settlement

December 23, 2016

Benefits of Getting an Auto Loan After Bankruptcy

Filed under: Loan — Tags: , , , , , — admin @ 12:47 am

When consumers in distress turn to bankruptcy for financial relief, they are seeking a clean slate from which to make a fresh start. They are often discouraged when they realize that, when it comes to their credit score, the springboard to their economic future still seems waterlogged. Bankruptcy typically lowers an already damaged credit score by an additional 160 to 220 points. While the initial effect of bankruptcy is a low credit score, proactive consumers can do much to improve their FICO score. In fact, one of the benefits of getting an auto loan after bankruptcy is the positive result it will have on a damaged credit report.

To understand how a vehicle loan helps bankrupt borrowers recuperate, it helps to know how a FICO score is calculated. The credit reporting agencies don’t divulge their exact formula for coming up with that all-important number that is the lifeblood of being deemed “credit-worthy.” Thanks to consumer advocates and ensuing legislation, however, consumers are more informed about factors that are considered and how they stack up to comprise a credit score. Payment history comprises 35 percent of a credit rating.

The heaviest determinant, payment history, is hit hard prior to a bankruptcy. Following a bankruptcy, most revolving and installment accounts have been discharged, leaving the consumer with no recourse for supplanting positive information in the payment history of the credit report. A car loan after bankruptcy is a type of installment loan that is the easiest to get. Even if the interest rate is high, an installment loan opened as soon as possible and paid on time will make a big impact on a credit score within a year.

Consumers might benefit from taking out even a high-interest car loan as soon as possible. Even if the payment is high, if the borrower takes a steady approach to building credit, then it will likely be possible to refinance that high interest rate into a lower payment when it comes time to apply for a mortgage. Then, the consumer has the best of both worlds: a long-standing credit account with a good payment history and a low car payment that falls below the recommended 10 percent threshold. Both of these factors will increase credit score and make the borrower more attractive to mortgage lenders.

To those who are overextended and drowning in debt, bankruptcy is a way to close the floodgates. However, credit scores still need to be repaired, and a vehicle loan after bankruptcy is a good way to recuperate from credit damage.

September 30, 2016

Bankruptcy and Home Loan Refinancing Options

Filed under: Loan — Tags: , , , , , — admin @ 12:47 am

Home refinance loans can be hard to find opportunities if you filed for bankruptcy. The rental company may not be useful for providing protection tailored to your financial case. You may need to consider all available options for a program that can find your dress financial status.

If the loan companies can help with your refinance program, and there are no hidden clauses that create obstacles to the budget, then this could bea solution for you. However, it is important that you examine all options and if not for, Avoid the refinancing of the company Given the proposed program loan. Not all companies tend to borrow too intrusive, there may be some hidden clause more trouble than you may already have created. Why not consider, the company that if the relationship has gone stale in your previous one.

There are many different options for refinancing, will onlysome research on possible financing to companies, serving in a position to a more convenient for your special event of the failure has to offer. Financial companies usually offer better terms as regards interest rates, but it is always important to research all possibilities before you refinance your home loan bankruptcy.

While some programs seem ideal because they can refinance, payments by extending the lowReimbursement so that it is a bit ‘air to breathe, which is not always a good idea. By choosing this option, you can extend payments for a longer period, probably take another thirty or forty years to pay off your loan. This may not be the best solution if you paid for more than five years already.

Do not disturb your future failure to refinance home loan. Although many companies home loan may be difficult for you, offering exorbitant rates andInterests, you can create a customized home loan refinance option for your case. To help you find the right choice, you may propose a different good idea to contact a bankruptcy attorney yourself that you have and can help you choose between the options available to home loan refinance


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