If you are contemplating filing for chapter 7 bankruptcy protection, then it is vital that you understand how it will affect your FICO credit score. By gaining a better understanding of your FICO score, you will be able to financially recover from your bankruptcy filing more quickly. In addition, you will have less anxiety about the unknown when you clearly understand what will happen to your score post-bankruptcy.
Fair Isaac Company and FICO Scores
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Sometimes you might find yourself in a situation you could not have imagined, such as missing one or more mortgage payments. This will quickly be followed by a series of communications often ending in a foreclosure letter from the attorney representing your lending institution. To prevent this outcome, it may be possible for you to arrange a loan modification or loss-mitigation by discussing these options with your lender.
Neither you nor your lender wants a foreclosure to take place:
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If you are divorced and your ex spouse marries a very wealthy person, you may think you are off the hook for your monthly alimony payments. However, don't just stop paying until you find out if you are legally allowed to do so. Here are some questions you may have with regard to alimony and a new wealthy spouse:
Does the State Matter?
Yes, the state you live in absolutely plays a part as to whether or not you will have to continue paying alimony.
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Although they don't get a lot of press, plenty of minor auto accidents occur each year. You tap the bumper of the car in front of you at a stop light or someone swipes your driver's side door while trying to squeeze into a parking space. The damage seems relatively inconsequential so you don't report it to the authorities or your insurance company. Unfortunately, the other party decides weeks later that they do want to be compensated for any damages sustained.
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An unexpected death can be heartbreaking for the family of a loved one. If you are an immediate family member or life partner of a loved one who died under any of the following circumstances, you will want to consult a wrongful death attorney.
Death from Injuries Sustained in a Fight
If your loved one was in an altercation and sustained injuries that led to death, you should consult a wrongful death attorney.
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