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The content of this page is intended for general informational purposes only and is not a substitute for professional financial advice.

updated 2010-08-19 17:30:00

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How To Repair Bad Credit

I know, I am stating the obvious, but at all cost if you can avoid bankruptcy, leins and garnisments, this will help repair your credit as well. Bankruptcies stay on your credit report for ten years, while other judgements stay for at least seven years.

updated 2010-07-17 09:48:20

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How to File for Maine Bankruptcy

When seriously considering a bankruptcy filing in Maine, it's critical that you consult with a bankruptcy attorney as soon as possible. They can help you work through which exemptions you have a right to claim. Once you have confirmed that you are allowed to declare chapter 7 bankruptcy after passing the means test discussed above, your attorney will formulate a strategy to keep as many of your assets as possible (and in many cases all of them). However, here are a just a few of the exemptions allowed in Maine under the 2009/2010 guidelines:http://research.lawyers.com/Maine/Bankruptcy-in-Maine.html

1. Tools of the trade to $5,000
2. One cooking stove, all furnaces or stoves used for heating and cooking and heating fuel
3. Up to $6,000 of any unused residence exemption towards clothing, furniture, appliances, tools of the trade, legal awards and life insurance benefits
4. One motor vehicle, up to $5,000 in value
5. A payment to $12,500 for personal bodily injury
6. Your residence or burial plot to $47,500 or $90,000 if minor dependents live with you or if you or any of your dependents are either at least 60 years old or disabled
7. Professionally prescribed health aids
8. Food for six months
9. Alimony, support or separate maintenance necessary for support
10. One boat, not exceeding 5 tons burden, used for commercial fishing

updated 2010-07-17 08:37:27

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How to File for Oklahoma Bankruptcy

Once you've confirmed that you'll qualify to file for chapter 7, you'll need to enlist the help of a bankruptcy attorney so they can cover with you all of the exemptions that you have a right to claim. Though your lawyer will have the experience necessary to determine the best strategy for you, here are a just a few of the allowable exemptions in Oklahoma:http://research.lawyers.com/Oklahoma/Bankruptcy-in-Oklahoma.html

1. Wedding and anniversary rings to $3,000
2. Tools of trade to $10,000
3. 75% of wages during the last 90 days, unless needed for child support obligations
4. Clothing to $4,000
5. Household and kitchen furniture
6. Guns for household use to $2,000
7. Alimony, support, maintenance in an amount reasonably necessary for support
8. Livestock for personal or family use: 5 milk cows and their calves under 6 months old, 100 chickens, 2 horses, bridles and saddles, 10 hogs, 20 sheep and forage and feed to last 1 year
9. One motor vehicle to $7,500
10. Home or manufactured home if principal residence unless the property was acquired within the previous 1,215 days, and then the homestead exemption is limited to $125,000 in home equity under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
11. Funds in an individual retirement account
12. Prepaid funeral benefits

updated 2010-07-17 08:37:49

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How to File for Iowa Bankruptcy

Once you've determined that you are eligible to file for chapter 7, it's extremely vital that you enlist the help of a bankruptcy attorney so they can cover with you all of the exemptions you have a right to claim. Though your lawyer has the experience necessary to decide on the best strategy, here are a just a few of the allowable exemptions in Iowa:http://research.lawyers.com/Iowa/Bankruptcy-in-Iowa.html

1. Alimony, support or separate maintenance
2. Tax refund and accrued wages to $1,000
3. Farm implements, livestock and feed to $10,000
4. Tools of the trade for non-farmer to $10,000
5. 75% of disposable earnings
6. Assistance for adopted, hard-to-place homeless children
7. Household furnishings, clothing, goods, musical instruments, appliances and other personal property to $7,000
8. Health or disability insurance to $15,000
9. One motor vehicle to $7,000

updated 2010-07-17 08:37:22

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How to Get a Home Depot Credit Card

The content of this page is intended for general informational purposes only and is not a substitute for professional financial advice.

updated 2010-07-17 08:46:24

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How to Increase Your Credit Score

A strong component of your credit score is the length of your credit history. Some credit cards stop reporting your credit information to credit bureaus on dormant or unused accounts. Help increase your credit score by using old credit cards every few months. http://www.smartmoney.com/personal-finance/debt/keeping-score-13273

updated 2010-07-17 08:59:03

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Free Annual Credit Report

A credit report is a history of all recorded transactions for a single consumer. These can include default payment, credit inquiries, current positive accounts, revolving credit accounts, installment loan accounts or accounts that have been referred to a collection agency. Also included in a credit report are past and current addresses, employers and legal judgments. http://www.frbsf.org/publications/consumer/creditreport.html

Lenders utilize these reports to determine whether a borrower will be likely to repay the debt timely or is at risk to default. Once a borrower opens an account, it may be reported to the credit agencies each month as payments are made. This is considered a positive account. Negative accounts are those that have late payments or have been defaulted. The ratio of debt to income, late payments, negative accounts and other factors are all used in determining a borrows credit worthiness.http://www.bankrate.com/brm/news/cc/20010223a.asp

updated 2010-08-21 15:43:19

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How to Improve Your Credit

Maxed out credit cards will cause your score to take a dip as well. Pay them down and if possible completely. It is generally recommended that credit cards are not used for more than 30% of the credit limit. http://www.latimes.com/business/la-fi-montalk6-2009sep06,0,6781202.column

updated 2010-07-17 08:58:44

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