Thomas Gagliano
08-27-2003, 05:45 PM
Hello!
Filed for Bankruptcy ch. 7 that was discharged last month...now no
credit at all (execpt Honda Finance auto loan)
Can we get unsecured visa/mastercard from Wells Fargo bank or other
bank with one of my family member as a co-signer? will this help with
rebuilding our credit?
If we pay on time, say... 12 months... can I request bank to remove
co-signer?
Our goal is to rebuild our credit so we can buy our own house in at
least 2 years from now.
Thanks in advance!
Brett Weiss
08-27-2003, 05:53 PM
Generally speaking, no and no.
--
Brett
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The Small Print: This response is for discussion purposes only.
It isn't meant to be legal advice and you shouldn't treat it as
such. If you want legal advice, speak with a local lawyer
familiar with your state's laws who can review *all* of the facts
and the law applicable to your situation.
************************************************** ***************
"Thomas Gagliano" <Gagliano3@hotmail.com> wrote in message
news:10d295d2.0308271645.6ec0872e@posting.google.c om... Hello! Filed for Bankruptcy ch. 7 that was discharged last month...now
no credit at all (execpt Honda Finance auto loan) Can we get unsecured visa/mastercard from Wells Fargo bank or
other bank with one of my family member as a co-signer? will this
help with rebuilding our credit? If we pay on time, say... 12 months... can I request bank to
remove co-signer? Our goal is to rebuild our credit so we can buy our own house
in at least 2 years from now. Thanks in advance!
Canzie
08-27-2003, 06:38 PM
Get a secured CC or a card from any one of those rebuilding card companies.
They count, they report, and they rebuild your credit, albiet slowly. The
danger is you miss a payment, and you make things worse.
--
Michael Papp
iNet Commercial Lending/ Carteret Mortgage
www.iNet-Lender.com
MSN Messenger ID - iNet-Lending
"Thomas Gagliano" <Gagliano3@hotmail.com> wrote in message
news:10d295d2.0308271645.6ec0872e@posting.google.c om... Hello! Filed for Bankruptcy ch. 7 that was discharged last month...now no credit at all (execpt Honda Finance auto loan) Can we get unsecured visa/mastercard from Wells Fargo bank or other bank with one of my family member as a co-signer? will this help with rebuilding our credit? If we pay on time, say... 12 months... can I request bank to remove co-signer? Our goal is to rebuild our credit so we can buy our own house in at least 2 years from now. Thanks in advance!
K Kim
08-28-2003, 12:31 AM
Co-signing is always a bad choice. Despite good intentions,
sometimes, bad things do happen and you are unable to fulfill your
obligations.
If your family member really wants to help you, he/she can loan/give
you the money. And you can deposit the money so that you can apply
for a secured credit card for yourself.
Gagliano3@hotmail.com (Thomas Gagliano) wrote in message news:<10d295d2.0308271645.6ec0872e@posting.google.com>... Hello! Filed for Bankruptcy ch. 7 that was discharged last month...now no credit at all (execpt Honda Finance auto loan) Can we get unsecured visa/mastercard from Wells Fargo bank or other bank with one of my family member as a co-signer? will this help with rebuilding our credit? If we pay on time, say... 12 months... can I request bank to remove co-signer? Our goal is to rebuild our credit so we can buy our own house in at least 2 years from now. Thanks in advance!
Robert Stumpf
08-30-2003, 08:08 AM
There is no such thing as "always" a good or bad choice. There are
obviously plenty of situations in which cosigning can make sense, and many
times where it doesn't. In the situation presented, it's hard to say
without more information.
Avoid listening to people who use the word "always". Using certain words in
language does not provide a certainty that isn't otherwise there.
--
*****
Rob Stumpf, Esq.
Stumpf and Ginter, Attorneys at Law
Practicing Bankruptcy in NY and NJ
visit us at www.online-law-firm.com
or email rob@online-law-firm.com
Disclaimer: No email or newsgroup communication is to be construed to
establish any sort of an attorney-client relationship, is not legal advice,
and is not a replacement for the advice of a competent attorney in your
jurisdiction.
"K Kim" <klm_kim@yahoo.com> wrote in message
news:f66f76cf.0308272331.5bc4ebe7@posting.google.c om... Co-signing is always a bad choice. Despite good intentions, sometimes, bad things do happen and you are unable to fulfill your obligations. If your family member really wants to help you, he/she can loan/give you the money. And you can deposit the money so that you can apply for a secured credit card for yourself. Gagliano3@hotmail.com (Thomas Gagliano) wrote in message
news:<10d295d2.0308271645.6ec0872e@posting.google.com>... Hello! Filed for Bankruptcy ch. 7 that was discharged last month...now no credit at all (execpt Honda Finance auto loan) Can we get unsecured visa/mastercard from Wells Fargo bank or other bank with one of my family member as a co-signer? will this help with rebuilding our credit? If we pay on time, say... 12 months... can I request bank to remove co-signer? Our goal is to rebuild our credit so we can buy our own house in at least 2 years from now. Thanks in advance!
