Repair Credit Score

Archive for May, 2008

Question: How can i get my free Credit Score report in internet?

is it possible? I want to know my current Credit Score? any sites that could give me my free Credit Score report?

Answer: if you are looking for the free Credit Report and score national site, check out this site

http://free-credit-report-national.com/

Here you can see your 3-in-1 Report from all three credit reporting agencies and your Credit Score.

A Good Credit Score - The Key To Cheap Financing

What is Bankruptcy?

Bankruptcy is a procedure you can go through in a federal bankruptcy court that allows you to discharge (or get rid of) all or a portion of your debt.

Why is bankruptcy beneficial? What is an automatic stay?

One of the most important and beneficial things about bankruptcy is that the minute you file your petition with the court stating that you are asking to be declared bankrupt, all of your creditors are stopped from any collection attempts. This is called an automatic stay and can do a lot to relieve the tension and mounting panic you feel. This means creditors cannot take your car, garnish your wages, call you about your debt, or try to collect in any way.

What happens whan a bankruptcy is filed?

When a bankruptcy is filed, a trustee is appointed to handle the bankruptcy case. The trustee divides up your assets among your creditors.

Two types of bankruptcies

There are two types of bankruptcies available to consumers: Chapter 7 Bankruptcy and Chapter 13 Bankruptcy.

Requirements for filing bankruptcies

You must reside in a state for 90 days prior to filing for bankruptcy in that state. To file for bankruptcy, you will probably need an attorney who will require that you pay him or her. You must also pay a filing fee with the court. The attorney will complete a Petition for Bankruptcy,which is a very long document that lists your personal information as well as details all of your assets and your debts.

• Chapter 7 Bankruptcy
• Chapter 13 Bankruptcy
• Personal Bankruptcy
• Chapter 7 Bankruptcy vs Chapter 13 Bankruptcy
• Chapter 7 and Chapter 13 Bankruptcy, which is best for me?

Question: How much does your Credit Score increase when you pay off an auto loan?

The last time I viewed my Credit Report, it did not have my auto loan as paid off. I had paid it off about a week before my Credit Report was pulled. Does anyone know how much that will increase my Credit Score? My FICO Score was 545 and I am wondering if it will increase significant enough to be considered for a home loan. I know the score is pretty low, but you never know with the housing market today.

Answer: To find out specifically what you must do to raise your score, you can order your score report from all three national credit bureaus. In addition to your scoreyou still have to pay to find out your Credit Score, the three-digit number ranging from 300 to 850 that is the key to your borrowing costs.

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