Credit Questions and Answers from Bills.com
Credit questions can be tough, but not for Bill and Bills.com.
Credit questions come in all shapes and sizes. From questions about credit scores to credit repair and consolidation, people everywhere are concerned and curious about the world of credit and how it affects their life. Credit is a complex topic but lucky for you, Bill is on the case. Browse through the many different credit topics Bill has been asked and find the answers you need most.
Click on the links below to find the answer to each topic
- Auto loan default information
- Improve bad credit
- Credit report update information
- Repairing your credit
- Paying off credit cards
- How long it takes for credit score to improve
- How to remove negative items on your credit report
- Credit report repair services
- Lowering credit card interest rates
- Fast credit report repair
- Fixing bad credit
- Credit repair help
- How long to improve credit score
- Clear credit report up
I tried unsuccessfully to get the creditor to take lower payments and/or lower interest rates, to no avail.
It is never too late to negotiate an out-of-court settlement. Again, consult with a lawyer in your state to learn what document or form you need to complete.
I do not understand the connection between your losing your house to foreclosure and your not starting or losing your new job.
Consult with a lawyer who has bankruptcy experience to learn if chapter 7 or chapter 13 are viable options for you. Do so immediately.
You did not mention why the vehicle is being repossessed, so it is not possible for me to offer a possible solution.
The debt is discharged, but the original creditor (OC) or its collection agent (CA) has the right to repossess the security (the motorcycle). By law, you should allow the OC or CA to repossess the bike. By now, the OC has given up, and it appears it sold your collection account to a CA. It probably sold the collection account for pennies on the dollar. You have two options:
If you want to keep the bike, which as a motorcyclist I encourage, then hire a lawyer who has experience in consumer law to do the negotiating for you. If you do not want the bike, then choose option No. 1. Again, be very wary of signing any document that reaffirms the debt. If in doubt, ask a lawyer to read the document before signing it.