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What You Should Know Before Closing Credit Card Accounts

As reported By Philip Tirone of www.720CreditScore.com, after learning the difference between traditional, secured, subprime, retail and major credit cards, you may want to close one or more of your credit cards, especially if you have more than five. If that’s your only solution to increasing your credit score, learn more about the credit process before closing…

US Bankruptcy Code § 1322(b)(9) Operates in Conjunction with Code § 1325(a)(5) Allowing the Vesting of Title to the Debtor’s Mortage Holder

As reported by Robin Miller of CBAR, an Oregon Court affirmed a Chapter 13 plan that provided for the vesting of title to the debtors’ residential property in the holder of the first-priority mortgage on the property. The Bankruptcy Court held that the plan provision was authorized by Code § 1322(b)(9), which states that a…

Mortgage Servicer’s Inaccurate Credit Reporting Results in a Violation of the Discharge Injunction

As reported by Robin Miller of CBAR, a mortgage servicer’s change in the reporting of the Chapter 7 debtor’s mortgage obligation to credit bureaus heavily suggested that the servicer sought to collect a discharged debt from the debtor, and the servicer’s additional contacts with the resulted Violation of the Discharge Injuncition. While the predecessor servicer…

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