How Can I Refinance While In Chapter 13? Ask your local bank or credit union if they can refinance your mortgage while you’re in Chapter 13. Otherwise, your attorney or perhaps a trusted representative at your bank can direct you toward mortgage companies willing to refinance home loans to people still in Chapter 13. How
How Do I Stop A Bank From Taking My Home? You can potentially file for bankruptcy or file a lawsuit against the foreclosing party (the “bank”) to possibly stop the foreclosure entirely, or at least delay it. If you have a bit more time on your hands, you can apply for a loan modification or
Can Credit Card Companies Garnish Pension Checks? Child support and government debts, like taxes and student loans, can garnish your pension check, but most other creditors cannot. A creditor might not be able to garnish your pension or Social Security check, but the creditor can take the money after you deposit it into the bank,
Can I Add New Debt To A Chapter 13? If your Chapter 13 is dismissed and you file another Chapter 13, any new debt incurred between the two new petitions can be included. If you file a Chapter 7 and get a discharge then file a Chapter 13 (commonly called a Chapter 20), you can
Can A Private Student Loan Be Discharged In Bankruptcy? The Bankruptcy Code prevents certain types of debt from being discharged in bankruptcy proceedings, including debt incurred as part of an “educational benefit.” But private student loans don’t fall into this category, according to a July 2020 court ruling. Can private student loans be discharged in
What Wages Cannot Be Garnished? According to the Consumer Credit Protection Act (CCPA), the weekly amount that can be garnished cannot exceed either 25% of an employee’s disposable earnings or 30 times the federal minimum wage (whichever amount is less), to ensure that you have enough to support your family. How can I protect my
What Will Happen If A Person Forgets To Pay A Credit Payment On Time? Absentmindedness can happen to the best of us, but forgetting a payment can cause a few negative consequences. Your credit card provider could charge you a late fee, raise your interest rate, and even report your late payment to the credit
What Is The Equivalent Of A CCJ In Scotland? Money judgments issued by sheriff courts in Scotland are called decrees. Decrees are the Scottish equivalent to money judgments, known as county court judgments or CCJs, in England and Wales. Is a CCJ legal in Scotland? In Scotland, people can get court decrees made against them
What Is The Difference Between A Loan And A Line Of Credit? Personal loans are easier to budget for when compared with lines of credit. Yet lines of credit can offer you flexibility when borrowing. With a line of credit, you can borrow up to your maximum limit, repay the funds and borrow again as
What Is The Difference Between Credit Card Interest And Loan Interest? Credit cards are usually better for smaller expenses that can be paid off relatively quickly. That’s because credit cards tend to have higher interest rates than personal loans, so carrying a balance on a card for a long time can be costly. What’s better