I have a few qustions regarding chapter 7 bankruptcy – not sure if anyone would know the answers to any of them. I haven’t filed yet but it is a consideration.

1. I bought a new car last year – my father is the primary on the loan and i am the cosigner – how does this affect his credit? I am current on payments and will continue to be current.

2. My ex husband and I bought a house together when we were married. I am the primary on mortgage and he is second. In the divorce he got the house and modified the mortgage based on his income. If I file will that mess up anything with him?

3. I am an authorized user on my fathers credit card although I haven’t used it in years – will my filing affect this on his credit report?

4. I am in desperate need of a new bed – if I buy one before I file will this have any affect on the filing (not buying with credit – paying outright).

THanks for your help. I hate the idea of filing bankruptcy but Im now being sued because a creditor won’t work with me for a manageable payment plan (they want more than I make in a month). If anyone has any other alternatives I would appreciate that too.

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So i have a k judgement against me and i don’t work and don’t have money. I was planning to try to settle this debt with a lower price by explaining to them my financial situation.
However, a friend of mine needs to lease 2 cars and his credit isn’t good enough so he asked me to be a cosigner for him. I understand that this can show on my credit as i’m the buyer (because there’s no real distinguishion on who’s the primary person on the loan). So can this result in them denying a settlement (thinking i just bought two nex and expensive cars) ?
They did run my credit score and it’s about 720 right now and the loan company DID say that i can be approved for the car loans.
it’s going to be for my brother in-law. so it’s really hard to deny, plus they already ran my credit and know the score… argh !

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Information on private or Federal loans is appriciated. How would this affect a cosigner?

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I am curious if somone is working on filing bankruptcy and knows it but, uses somone to co sign to buy furniture at a furniture store, and then that party turns around a week or month later to file bankruptcy, can the retail store take you to court for presetting up the plan of buying and then filin under bankruptcy? and can they do anything to the cosigner since they weren’t aware of it? Cosigner is now being harrased about what they did….

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To sum it up I was forced to drop out of school about a year ago because my parents went bankrupt in the middle of my first semester. I had just transferred in to my dream school (an expensive private university) and had counted on my parents co-signing a loan with me. However, they had not told me that the business they had invested thousands of dollars in had gone under so when it came time to apply for a loan and pay the university for my first semester and register for the next semester’s classes I was told there was no way they could afford it. In shock and without financial or emotional support from them I left the school and moved in with my grandmother. I didn’t handle payments with the school immediately because I had no idea how to go about it and assumed they would arrange it.

After that semester I also returned to a junior college and completed requirements to transfer in to a more affordable, state school. This last fall I began a new semester at the new university feeling excited to be back in school. However, now that it is time to register for the upcoming semester’s classes I am being told that without the transcript from the first university I cannot come back to school in the Spring (the requirements for transfer students is to submit ALL transcripts from previously attended schools by the Spring) I contacted the previously attended school to discover I had been put in collections (notices had been sent to my parents home, warning of this, and my parents had never told me). They refuse to give me a transcript without paying the amount in full which is over 10,000 dollars. I have set up a payment plan with the collections agency but again, without paying it all at once, I will not get the transcript and therefore cannot finish school at the university I currently attend. I have tried applying for a loan but as a student I do not qualify for that amount without a cosigner, which I do not have. I don’t know what to do…I have tried contacting everyone imaginable, the president of the previous university, counselors, the head of admissions at my new school, and family members but no on offers me any help or alternatives. I feel so incredibly helpless and all I want to do is finish school.

Does any one know of a lender that approves student loans without a co-signer? Should I file for bankruptcy? Contact a talk show and see if they’ll give me money?? I’D DO ANYTHING TO FINISH SCHOOL! PLEASE HELP!!

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i am a cosigner on a 2007 car would they bother that even if i am a consigner.

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