credit and debt

Hi, this is my situation- I pulled my credit ...

hi, this is my situation- I pulled my credit becuase my husband and I are looking to buying a home . His credit is good , Mine is not becuase I happen to co sign on a vehichle that my sister had repoed and I just found out and she filed for bankrupscty now it shows on my credit . So I have tones of medical bills and a car that I dont have and dont pay for --- im affraid they will go after me should I file bankrupscty only on my bills.

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3 Answers

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lawbug Answered:

No i would not file for bankrupscty as there are to many implied clauses in it as you must file on everything you own and that will drag you and your husbands credit down as you will not be able to get any credit for the next 7 years that is the both of you. As the law will tell you that you must include everything in it that also includes but not limited to all the 2 of you own. Your first mintake was being a cosigner as that hurt you 1st of all now to your medical bills talk to whom you owe and see if you can make arrangements to pay them. But for bankrupscty only on your bills i dont think that can be done as this will hurt your husbands credit also if i may suggest you contact a good attorney who deals in that type of law as most bankrupscty will be on everything you own joint and or single credit. As most couples have joint credit and that will include everything you own. Also remember you both will have no credit for 7 years them the amount of time required to rebuild your credit. And no dont call a credit card dept repair company as it will be the same as bankrupscty but it also affects all credit you have jointly so dont fall for there line of BS have also tried that then what credit you have will be on a default rate so try to pay off what you have.

Posted 2 years ago
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Equal justice for All The law works but the system needs changed, We all abide by the law but sometime it failes us. The same with the goverment. God bless the USA, Brign our troops HOME safely, To the men who did not get the credit they deserve, MAY GOD WATCH OVER OUR SERVICE MEN.

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nica65 Answered:

no! not at all! you should dispute your credit file with all bureaus, if you need help with that let me know I have been working on credit improvement since 1985 and I can help just about anyone!

Posted 2 years ago

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jdwitt1 Answered:

You need help with this. www.creditboomerang.com They can assist with removing these negative items from your bureau. No charge till the job is complete. Good Luck!