Long story short, im a 21 year old male in college with two years left before i have my criminal justice degree and i want to be a detective. im also in the military reserve (mp). my situation is unique only because my have an oustanding balance of 40,000-50,000 dollars because i tore my acl during sports (not for school). i dont have health care because ive taken care of myself since i can remember. i needed the surgery to continue working and army so i did it. ive never been the one to use credit much though and i feel it was just my luck to be in my situation because im very responsible when it comes to credit scores, my future, etc. I honestly think bankruptcy is the best route for me to take because im single and i have no kids and im sure i can get good credit by the time i finish college but i also know police depts are strict about past credit problems and i dont want to hurt my future career. any advice would be great. THANKS!

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Corporate Conservatives cause alll these citizens to lose Billions.

Barney Frank passed regulations to keep Fannie and Freddie in check, but it was too late. Barney Frank would have saved Fannie and Freddie if he were head of the Finance Committee before 2007.

The lesson to be learned: To save the economy, we need more Government regulations in businesses to protect corporations from losing their money like Fannie and Freddie lost.

Obama’s policies are the reason America is not going through a Depression. If Obama didn’t pass regulations, imagine how many other corporations would have gone bankrupt.
Fannie Mae and Freddie Mac is the perfect example of how evil capitalism can be.

That is why Barnie Frank wanted regulations and independent oversight to keep these organizations from making risky illogical sub-prime mortgage lendings to people not in a position to repay those loans.
Fannie Mae and Freddie Mac had they followed the rules, they would have not given bonuses to their top executives in the years leading up to bankruptcy
At the time of these video hearings it was Late 2004 and the issue was not about regulating Fannie and Freddie, it was about how the Republicans were going about doing it with the goal of corrupting it so they got money out of it
These Democrats wouldn’t be this angry, something is twisted in these videos, you think they would lobby vigorously to protect a corporation???
I still hold the Conservatives more responsible because Wall Street was the driving force behind the magnitude of the loans.

OF COURSE ANY POOR PERSON would want an opportunity VS. NO opportunity to own a home. Clinton and the Democrats wanted a program to help poor people obtain loans with poorer credit scores, but with regulation over Fannie Mae and Freddie Mac. This means they would be some other channel (perhaps a petition process) poor people denied loans could go through to make the case they can be trusted with a mortgage. However, it is not the homeowner’s responsiblity to assess the risk of Fannie Mae, that’s in Wall Street’s hands.
What Clinton wanted to lax up was the impact of clear cut credit score and income as a basis for judging who can and can’t get a loan. This doesn’t necessarily mean a poor person who is at risk of not paying back can’t get one. You’d just have to open the door to other means of risk measurement besides sheer income.

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We are looking to purchase our first home in the Denver area in about a year. We both have bad/old credit(both of our credit scores are below 600) Our income will be around 75k(I am finshing up nursing shool)

We are trying to see if this is even possible or if we should just be content renting for several more years.

We are expecting a higher interset rate. I have heard of "B loans" & "sub prime lenders" and have been trying to look into them.

We are trying to decide if we should just file bankruptcy now and see if our credit gets better or if it is possible to get a loan?

Will we need 20% down with this bad of credit, or can filing bankruptcy help that?

Technorati Tags: amp, credit scores, denver area, filing bankruptcy, interset rate, loans, quot, sub prime lenders

i have cut down expenses in the household and still cannot pay these credit card bills. My credit scores are already low and about 3 of 6 credit cards are delinquent. should i ask a debt relief agency to help me settle these debts? I understand this will have a negative impact on my credit scores but i am still young and i have time to repair it. My main concern now is to pay off my debts asap.

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We are looking to purchase our first home in the Denver area in about a year. We both have bad/old credit(both of our credit scores are below 600) Our income will be around 75k(I am finshing up nursing shool)

We are trying to see if this is even possible or if we should just be content renting for several more years.

We are expecting a higher interset rate. I have heard of "B loans" & "sub prime lenders" and have been trying to look into them.

We are trying to decide if we should just file bankruptcy now and see if our credit gets better or if it is possible to get a loan?

Will we need 20% down with this bad of credit, or can filing bankruptcy help that?

Technorati Tags: amp, credit scores, denver area, filing bankruptcy, interset rate, loans, quot, sub prime lenders

I have listed all of my outstanding debts on my bankruptcy (including the 2 mortgages on my home), although I had planned on keeping our home and continuing to keep up the payments. My atty told me that if I needed to walk away from the home at any point after the discharge, that the bankruptcy would help me to avoid any judgements as long as I didn’t refinance the loans. But even without paying the debts that I am filing on, we are still finding that our monthly expenses are far outstrapping our income, so we are thinking about short selling and getting a smaller rental home for a while until we get back on our feet. My domestic partner is on SSI, and is "judgement proof" from what my atty says, so between that and my chapter 7 simply walking away is an alternative to short selling. My question is: what is the best thing to do for the long term?? At this point, both my partner and my credit scores are in the toilet anyway. I’m just worried about never having credit again.

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My husband and I have just lost our jobs and we own 3 properties that are not worth what is owed on them. We have great credit scores but cannot get the banks to talk to us about alternatives to keeping the properties at a reduced payment or sellling on short sale. We have to ruin our credit first and then they might talk to us… We have have the properties on the market but cannot sell without going to the table with large amounts of cash.
If these properties foreclose or we go into bankruptcy.. Can the creditors attach or take our retirement savings to satisfy debt?
thanks for your help..

Technorati Tags: bankruptcy, banks, credit scores, creditors, foreclose, jobs, retirement savings, thanks for your help

I know all the experts say bankruptcy is not an option, but we can’t do this anymore! We have about 20 collection accounts on our credit. One repo, the rest are medical bills, payday advances, student loans, back taxes, etc. We’re tired of all of the calls and we can’t pay rent and maintain our current expenses like daycare, food, transportation, etc and pay off these bills. Should we file? Our credit scores are between 510 and 520 how much worse can it get?

Technorati Tags: back taxes, bankruptcy, collection accounts, credit scores, food transportation, medical bills, payday advances, student loans

My husband and I have just lost our jobs and we own 3 properties that are not worth what is owed on them. We have great credit scores but cannot get the banks to talk to us about alternatives to keeping the properties at a reduced payment or sellling on short sale. We have to ruin our credit first and then they might talk to us… We have have the properties on the market but cannot sell without going to the table with large amounts of cash.
If these properties foreclose or we go into bankruptcy.. Can the creditors attach or take our retirement savings to satify debt?
thanks for your help..

Technorati Tags: bankruptcy, banks, credit scores, creditors, foreclose, jobs, retirement savings, thanks for your help