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Posts Tagged ‘personal loan’

This is happening in the state of California.

I gave someone of personal loan (in writing) of several thousand dollars. About two months later he declared bankruptcy. I heard that if you are taking out loans or making charges right up until you declare bankruptcy, that not all of your debt will be cleared (as in, purchases made a few months up until you file bankruptcy cannot be dismissed, to prevent people intentionally building tons of debt once they know they’re in trouble and then declaring bankruptcy to free themselves from it.

Is there any truth to this? Do you have to be named specifically in a bankruptcy for the debt to you to be cleared? What if you sue this person for a lack of payments after they have declared bankruptcy? Is there any chance of getting a judgement on them if you can prove (which I can) that they were still promising you payment at that point?

I know nothing about bankruptcy laws in California. Any advice, specifically with links and references in the right direction, would be very much appreciated.

I have less than ,000 in credit card debt, but it kind of has me in a bind. It seems I’m only paying off the interest while the actual balance never goes down. I applied online for a personal loan, but was rejected. I was thinking of maybe using a credit consolidation service to help me out. What ones are reputable? Which ones have you personally used and what were your thoughts on them? Any help is greatly appreciated.

I am trying to get rid of my high interest credit cards. The only way I can do is either get a personal loan with a lower interest and pay off the cards with them or go to some credit counseling service. I am not a big fan of counseling services who’d dictate terms to me and take over my personal finances. I have looked into some personal loans from banks and I am thinking with what I can afford I should be debt free in less than 3 or somewhat years. But depends on how much money the banks are willing to offer and what interest rate. But then my credit history is not great at all. So I am kind of stuck as to what I should be going with. Counseling services or personal loans from banks. Thanks

Personal loan , both names on it but I have been the only one to pay on it. Also I have credit card debt & my cards have been used to pay our bills. Is my spouse responsibile for any repayment or splitting of the debt?

I have a car payment and a personal loan payment, im in the process of buying a house and im thinking on consolidating all my debts including the mortage payment, is it a good decision?

When you go to get a personal loan to pay off your debts, is it a bad idea to explain your situation? Should you tell the bank that you are in debt and are going to use their money to pay it?

Hi! As a young high school student I opened several credit card accounts, capital one, credit one, and a few department store cards. I was irresponsible and didnt pay the balances. I eventually just gave up and let them build and build. They all went into collection for almost a year. I recieved my bonus from the military about 2 weeks ago and paid every single one in full, so I am now debt free. I would like to start re-building my credit, but I have been declined on every credit card offer I have applied for. What is the best way to start re-building my credit? My mom thinks I should apply for a small personal loan to start. I’m just unsure and unaware of my options at this point. Thank you for any advice you may have.

I just sold my house an I am taking the proceeds to payoff 8 credit cards, a couple of store cards, a line of credit and a personal loan. It will literally clear about 12 revolving debts to a {content} balance. How fast will my credit score raise? Right now it is a 645….any chance of going to 700 soon after?

All of my credit debt sums up to ,600.
The largest one in this group is about ,600.

What’s the best way to go about paying this off.

I tried a personal loan and couldn’t get one because of my bad credit history.

I want to apply for a personal loan to settle all my outstanding debts amounting 5k Malaysian Ringgit. Can i still borrow? My plan is to restructure my debts so it would not be to heavy for me and i just concentrate on one loan. Please advice.