Debt Repair

There have been reports from several different people I have met that say you can remove judgements from thier credit report by using a method called the "Motion to Vacate" and here is how it was done.

First they hired an attorney who knew a lot about credit repair and laws pertaining to your credit.

Get your attorney to file the motion called "Service of Process", this must be for removing the entry from your file. Your attorney would then make the arguement that the process was done improperly. Many people have said this actually works.

This usually works in your favor especially if the lender has been paid for the bill that he wanted anyway and may not even bother to show up in court. If you come to court and the creditor does not come then you will win by default. Then once you recieve the judgement the credit reporting agency will have no other choice but to remove the entry from your credit report.

Throughout your life, you have had some time that you did not have money to pay your bills and you have found that your clean credit is suddenly damaged, sometimes beyond repair (to you), now you have creditors and collection agencies calling you all day everyday, at work, at school, and on your cellular phone. You can't seem to get them to leave you alone and you have probably gotten to the point where you may even be considering bankrupcy.

There is a program which you may find useful, by using the Federal Bankruptcy Act you could get the Wage Earner Plan (Chapter XIII), this is where you may be granted relief from the constant nagging of creidtors should you file for this particular plan. In order for you to be eligible to take part in this program you will need to have your monthly bills be more than your total income that you earned from your salary or from your commissions.

In order to apply for the Wage Earner Plan you will need to call your area US district court or get yourself a lawyer. Then ask them if you can talk to someone who is in charge of this particular plan. You then file for the Plan and usually about 3 days after filing, your creditors will recieve a restraining order which will stop them from harassing or even contacting you any more. This will stop any actions that your creditors may have taken against you and it will stop all interest or late charges.

By signing up for this plan you will be able to pay off your debts and until you do it will give you some relief from the troublesome calls you get from your creditors.

One of the most important things for you to remember is that the bank stays in business by offering people loans that have interest rates. Some Banks and lenders may give your credit in one area will give you credit if they think that you are a good credit risk. Therefore building your credit is the surest way to ensure that you are able to get the bank to give you their money. Here are a few tips that will help you to get the loan you want.

1. Get your credit report from all the credit agencies to see if any of them have entries that could be bad for you.

2. Call banks in other areas to find out which of the agencies that they use, if it is a credit reporting agency that has no damaging entries you may be able to apply and get money from that bank.

3. Apply quickly before that information comes up on that credit reporting agency and you may be able to get the loan you need.

4. Pay off the negative entry that is on the other credit reporting agencies with the money you got from the bank and keep your nose clean.

More banks will offer you money when you fix your credit.