Comments on: What Can You Expect After a Bankruptcy? The Time Line http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/ For the Up To Date News Fri, 20 Nov 2009 15:08:53 -0700 http://wordpress.org/?v=abc hourly 1 By: Deb http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/comment-page-1/#comment-1765 Deb Thu, 23 Apr 2009 23:05:16 +0000 http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/#comment-1765 What the heck? I filed BK (had to do Ch. 13 per lawyer advice). I paid 800 bucks per month for 5 years. Needed new car, had to get crap cars and try to save, paid cash. Took taxis for too many days. I paid off BK in 9/2008. Had to wait 6 months for DC papers from court. Meantime, I had to get a reliable car and had to pay 21% interest on 5000 bucks for car with a little device that requires a code to be entered when I pay or I can't drive the car. Now, I'm trying to refi my house because I'm paying 7.75% interest. Told I can't because it takes 2 years after DC for Ch. 13. Totally unfair--if I'd done Ch. 7 I'd be through the 4 required years. I filed Ch. 13 6 years ago and other people are upside down with mortgage and getting 4% interest and I paid like crazy and can't get even 5% interest! Have only 90,000 left on mortgage, house worth over 150,000--how did you people get so much credit? I need insulation done on house and siding--paying tons in electric and gas and can't qualify for HEAP or other grants because I make too much!!! I'm bailing out banks and getting screwed at the same time. HELP! What the heck? I filed BK (had to do Ch. 13 per lawyer advice). I paid 800 bucks per month for 5 years. Needed new car, had to get crap cars and try to save, paid cash. Took taxis for too many days. I paid off BK in 9/2008. Had to wait 6 months for DC papers from court. Meantime, I had to get a reliable car and had to pay 21% interest on 5000 bucks for car with a little device that requires a code to be entered when I pay or I can’t drive the car. Now, I’m trying to refi my house because I’m paying 7.75% interest. Told I can’t because it takes 2 years after DC for Ch. 13. Totally unfair–if I’d done Ch. 7 I’d be through the 4 required years. I filed Ch. 13 6 years ago and other people are upside down with mortgage and getting 4% interest and I paid like crazy and can’t get even 5% interest! Have only 90,000 left on mortgage, house worth over 150,000–how did you people get so much credit? I need insulation done on house and siding–paying tons in electric and gas and can’t qualify for HEAP or other grants because I make too much!!! I’m bailing out banks and getting screwed at the same time. HELP!

]]> By: TS http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/comment-page-1/#comment-1725 TS Fri, 03 Apr 2009 17:11:45 +0000 http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/#comment-1725 We filed bankruptcy in 11/08. Prior to this are credit scores for 20 years were 700 plus with no late payments. My wife lost her job and it sent us into a tail spin. Since then we received a credit card in 2/09 for 1000.00 from capitol one for both of us, separate accounts. During the bankruptcy I purchased a vehicle after my lease eneded and got a fair rate of 14 percent (2007 jeep) considering the situation. Now 6 months later my credit score is 648 and rising. You can recover from this and learn from your mistatkes. Make sure you have 3 to 6 months cash reserves and limit credit cards to nil to none with limits not over 2000.00. Pay off all debt as it comes and you will live debt free. We filed bankruptcy in 11/08. Prior to this are credit scores for 20 years were 700 plus with no late payments. My wife lost her job and it sent us into a tail spin. Since then we received a credit card in 2/09 for 1000.00 from capitol one for both of us, separate accounts. During the bankruptcy I purchased a vehicle after my lease eneded and got a fair rate of 14 percent (2007 jeep) considering the situation. Now 6 months later my credit score is 648 and rising. You can recover from this and learn from your mistatkes. Make sure you have 3 to 6 months cash reserves and limit credit cards to nil to none with limits not over 2000.00. Pay off all debt as it comes and you will live debt free.

]]> By: D & S http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/comment-page-1/#comment-1534 D & S Mon, 19 Jan 2009 01:51:06 +0000 http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/#comment-1534 My wife & I got Chapter 7 BK debts discharged back in November. I was ready to get a secured CC account to start re-building credit. About 3 or 4 weeks after the discharge we received an unsecured CC offer from WaMu. The offering stated that we were pre-approved & would receive an account with a limit of between $200 to $1,500... I assumed we would get a $200 lomot CC... 10 days later the card showed up.... $5,000 LIMIT! Then Cap One started pelting us with an offer for another pre-approved card.... we took it, too......bingo!....another $2,000! My wife's car lease is ending on Feb 10th... Cap One sent us a pre-approved, guaranteed "Blank Check" (their program) for up to $17,500.00 with an interest rate of 7.8% and up to 60 months to pay it off! I found a killer deal on a 2005 Jeep Grand Cherokee with only 26,000 miles on it for $14,000. Life is fine, and the burden that was lifted by Bankruptcy is but a memory (not of course without a major, life-lesson...) Now we get back to work and doing it right, this time. Thank You USA...the world's greatest country! D & S My wife & I got Chapter 7 BK debts discharged back in November. I was ready to get a secured CC account to start re-building credit. About 3 or 4 weeks after the discharge we received an unsecured CC offer from WaMu. The offering stated that we were pre-approved & would receive an account with a limit of between $200 to $1,500… I assumed we would get a $200 lomot CC… 10 days later the card showed up…. $5,000 LIMIT! Then Cap One started pelting us with an offer for another pre-approved card…. we took it, too……bingo!….another $2,000! My wife’s car lease is ending on Feb 10th… Cap One sent us a pre-approved, guaranteed “Blank Check” (their program) for up to $17,500.00 with an interest rate of 7.8% and up to 60 months to pay it off! I found a killer deal on a 2005 Jeep Grand Cherokee with only 26,000 miles on it for $14,000. Life is fine, and the burden that was lifted by Bankruptcy is but a memory (not of course without a major, life-lesson…)

Now we get back to work and doing it right, this time.

Thank You USA…the world’s greatest country!

D & S

]]> By: jesse http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/comment-page-1/#comment-1499 jesse Sat, 10 Jan 2009 18:05:39 +0000 http://www.creditinfocenter.com/wordpress/2009/01/09/what-can-you-expect-after-a-bankruptcy-the-time-line/#comment-1499 I am looking for information on failed BK CH 13. I filed but was not happy with the way things were going, 6 months into the process I cancelled the effort. the Court dismissed it in June 2008. So I have it reported on 2 credit reports as dismissed. How does this hurt me and can I have it deleted since I never when through with it? I am looking for information on failed BK CH 13. I filed but was not happy with the way things were going, 6 months into the process I cancelled the effort. the Court dismissed it in June 2008. So I have it reported on 2 credit reports as dismissed. How does this hurt me and can I have it deleted since I never when through with it?

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