A chapter 13 case may be advantageous in that the debtor is allowed to get caught up on
mortgages or car loans without the threat of foreclosure or repossession, and is allowed to keep both exempt and nonexempt property.
Not exact matches
Keep in mind, when shopping for a
mortgage or car loan, it's permissible to have multiple inquiries for the same purpose within a 30 - to 45 - day period,
without those multiple inquiries hurting your credit score.
You can be behind on your
mortgage, credit cards, student
loans and
or car loans without any of them being in collection status.
If you're focused mostly on recovering your credit score for a potential
mortgage or car loan in the relatively near future, order your debts by the percentage of credit limit you're using and put the ones
without a credit limit (i.e., the ones that aren't a credit card
or a line of credit) at the bottom.
Without a good credit score and history, the experts say, it's more difficult to qualify for a
mortgage or car loan — and more expensive, too, because you won't get the best interest rates.
Car title
loans are a convenient way of making quick cash to assume a sudden financial responsibility during difficult times
or basically pay for a sizeable amount
without going through the hassles and risks of putting a home up for another
mortgage.