Bad Credit Repair GuideYour Solution to Bad Credit Problems!

An instant approval credit card offers approval in just a matter of minutes. There is no need to visit your local bank just to fill out and submit your credit card application. Instead, application is done online so it is very easy and convenient.

If you search the market, you will find several credit cards instant approval offers. How can you pick out the best one? Consider the following tips:

Check the issuer’s credit requirement. An instant approval credit card offer is not necessarily a guarantee that your application will get approved regardless of your credit rating. Some credit card companies do have strict credit requirement so if you have a low credit score or a history of bad credit, your application may be declined. Before signing up, be sure to check the credit card company’s criteria to avoid unnecessary rejection.

Check the rate of interest. Watch out for instant approval credit cards with extremely high interest rates. You

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In truth, there are several answers to this question.  The one I want to focus on today has to do with what exemption law applies in your case.  So now you are asking, what is exemption law and why does it matter?  In a nutshell, exemption laws determine what property you might lose and more importantly, what property you get to keep when you file bankruptcy.

Bankruptcy law in this respect is a hybrid of state and federal law.  In Arizona, where we practice, under most circumstances individuals have to use Arizona exemptions.  Without getting overly technical, Arizona does not allow a debtor to pick and choose between state and federal exemption law.  If Arizona is the applicable state then we are using Arizona exemption law.

However, the fact that you live in Arizona when you file your case, does not mean that Arizona is the applicable state.  In fact, if you have not lived in Arizona for 2 years prior to the date of filing, the applicable state is somewhere else.  There is a technical process you must go through to determine what the applicable state is.  Once you make that determination, only then can your attorney determine what exemption law is available to you.   It makes a difference.  For example, if you are forced to use Arizona exemptions, you are limited to $300 of cash on hand on the day of filing (for a joint filing).  However, if federal exemptions are available, and you do not need to use the homestead exemption, you can use a federal wildcard exemption and keep more than $20,000 of cash.  That is a major distinction.  Your attorney needs to know where you have been and for how long so that if he needs to speed up the filing of your case to protect available exemption law he can do so.

Long story short, you need to let your attorney know where you have been and for how long when you meet with him or her for the first time.  It could mean getting a better fresh start.  If you have some time on your hands, visit www.exemptionsexpress.com to get a look at the complexities of which law applies in a bankruptcy case.  Or, visit our website at www.bankruptcylawyeraz.com and come see us in person.

WASHINGTON — The Office of the Comptroller of the Currency announced formal enforcement actions against eight national bank mortgage servicers and two third-party servicer providers for unsafe and unsound practices related to residential mortgage loan servicing and foreclosure processing.

The eight servicers are Bank of America, Citibank, HSBC, JPMorgan Chase, MetLife Bank, PNC, U.S. Bank, and Wells Fargo. The two service providers are Lender Processing Services (LPS) and its subsidiaries DocX, LLC, and LPD Default Solutions, Inc.; and MERSCORP and its wholly owned subsidiary, Mortgage Electronic Registration Systems, Inc. (MERS).

“These comprehensive enforcement actions, coordinated among the federal banking regulators, require major reforms in mortgage servicing operations,” said acting Comptroller of the Currency John Walsh. “Thes

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Most of the people think that bankruptcy is simply the process people go through to get rid of paying their financial obligations. However, new bankruptcy laws make it more difficult for some persons to do this through bankruptcy. It simply means that more individuals have to try to repay their debts, even with bankruptcy protection.
Commonly bankruptcy laws are established to help people who can no longer pay their creditors and get a fresh start by liquidating assets to pay their debts or through a repayment plan and protect troubled businesses. Most bankruptcy cases are filed under the three main chapters of bankruptcy code namely; Chapter 7, Chapter 11, and Chapter 13.

Bankruptcy is actually very complicated. Have you ever asked yourself what is the difference between Chapter 7, Chapter 11, and Chapter 13? Come and let’s take a look. < Read more…