almost_there Posted November 26, 2007 Report Share Posted November 26, 2007 While weighing the odds of sticking with our 13 or converting to 7, my query is this: Is there anything I could be doing while in 13 to be rebuilding/repairing my credit? I'm not on the mortgage that gets paid each month, so only my husband is getting that benefit - if that's even reporting, which I'm not sure after reading some of these topics if it even is. Haven't looked at the reports in quite awhile, figured no need, I'm not getting any credit anytime soon. But with the situation being as it is - might convert, might give up on the house - I might need better credit again sooner than I thought.Can I piggy back on my friend as an authorized user? Or is that out, too, in a 13? I know I can't open any new tradelines - or is that a misconception? (Although I thought they were pretty clear when we filed, no new debt!)I think if we convert to 7, I'd actually have a better, or at least quicker, chance at getting to work on the rebuild. Comments? Suggestions? Link to comment Share on other sites More sharing options...
almost_there Posted November 26, 2007 Author Report Share Posted November 26, 2007 Also, if we convert to a 7, how long am I looking at that on my file - 10 years from filing the 13, 10 years from the date we convert? How does that work?I want the facts, Jack, before I take any action. Thanks. Link to comment Share on other sites More sharing options...
cjsmith Posted November 26, 2007 Report Share Posted November 26, 2007 During a Ch-13 you need the trustee's permission for "major" purchases inc.. car note, new mortgage etc. Typically these loans request a letter from the trustee anyway. You can always began to repair you credit even if you are in a CH-13. That is your right! Also there are several credit cards available for you, that is, with a price, however just because you are in a 13 do not think you can not rebuild, repair, and get back to your old self. Good Luck Link to comment Share on other sites More sharing options...
LadynRed Posted November 26, 2007 Report Share Posted November 26, 2007 While you are in Ch 13 you need the Trustees permission to incur ANY new debt - not just 'major purchases'. It's frowned upon to be in bankruptcy and yet racking up debt at the same time. Getting credit cards while in bankruptcy would be a big fat NO !Repairing your credit - not a whole lot you can do, really, the bankruptcy itself trumps pretty much everything. The best you can do is be sure that what is being reported is accurate. Link to comment Share on other sites More sharing options...
almost_there Posted December 4, 2007 Author Report Share Posted December 4, 2007 Also, if we convert to a 7, how long am I looking at that on my file - 10 years from filing the 13, 10 years from the date we convert? How does that work?I want the facts, Jack, before I take any action. Thanks.Bump. Link to comment Share on other sites More sharing options...
LadynRed Posted December 7, 2007 Report Share Posted December 7, 2007 The bankruptcy would still only be reported for a max of 10 years from the ORIGINAL FILING DATE, the conversion would not start the clock over. Link to comment Share on other sites More sharing options...
almost_there Posted December 7, 2007 Author Report Share Posted December 7, 2007 Thank you so much! That is exactly what I wanted to know and now I know. We had already decided to proceed with the conversion, but it's good to know we're already 1 1/2 into the 10 yr. period. Link to comment Share on other sites More sharing options...
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