Debt Relief:Definitions - Revision history

Gates, Josh: /* Liens */

2004-12-09T04:25:28Z

Liens

← Older revision		Revision as of 00:25, 9 December 2004
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	===Liens===		===Liens===
	*~~The~~ creditor can legally claim the property of the debtor by placing a lien on the property until the debt is paid.		*When the creditor can legally claim the property of the debtor by placing a lien on the property until the debt is paid.

	===Liquidation===		===Liquidation===

Gates, Josh: /* Liquidation */

2004-12-09T04:25:10Z

Liquidation

← Older revision		Revision as of 00:25, 9 December 2004
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	===Liquidation===		===Liquidation===
	* A debtor may be legally ordered to sell all assets in order to settle debts.		* When a debtor may be legally ordered to sell all assets in order to settle debts.

	===Secured Credit===		===Secured Credit===

Gates, Josh: /* Garnishee or Garnishment */

2004-12-09T04:24:30Z

Garnishee or Garnishment

← Older revision		Revision as of 00:24, 9 December 2004
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	===Garnishee or Garnishment===		===Garnishee or Garnishment===
	*When creditor can legally take money from a debtor's paycheck.		*When a creditor can legally take money from a debtor's paycheck.

	===Insolvent===		===Insolvent===

Gates, Josh: /* Garnishee or Garnishment */

2004-12-09T04:24:15Z

Garnishee or Garnishment

← Older revision		Revision as of 00:24, 9 December 2004
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	===Garnishee or Garnishment===		===Garnishee or Garnishment===
	*A creditor can legally take money from a debtor's paycheck.		*When creditor can legally take money from a debtor's paycheck.

	===Insolvent===		===Insolvent===

Amysolen: /* Definitions and Common Terms */

2004-12-02T17:27:06Z

Definitions and Common Terms

← Older revision		Revision as of 13:27, 2 December 2004
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	===Debt Consolidation===		===Debt Consolidation===
	*The process of combining all debt into one sum and having only one payment. This may be helpful when there are multiple credit cards with high interest rates. In most cases payments are lowered and interest rates are reduced		*The process of combining all debt into one sum and having only one payment. This may be helpful when there are multiple credit cards with high interest rates. In most cases payments are lowered and interest rates are reduced.

			===Frozen Assets===
			*When someone can no longer have access to funds in a bank or other holding company. Selling of personal items is not permitted at this time either.

			===Frozen Interest===
			*When interest fees are no longer able to accrue on an account.

			===Frozen Interest Rate===
			*When an interest rate is no longer fluctuating between variable numbers.

	===Garnishee or Garnishment===		===Garnishee or Garnishment===

MHartley: /* Beacon or Credit Score */

2004-11-24T23:22:12Z

Beacon or Credit Score

← Older revision		Revision as of 19:22, 24 November 2004
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	===Beacon or Credit Score===		===Beacon or Credit Score===
	* Points kept on file by credit reporting agencies that indicate how much debt a person has; hi		* Points kept on file by credit reporting agencies that indicate how much debt a person has; higher scores are ideal. Low scores indicate an unfavorable credit history.
	~~gher~~ scores are ideal. Low scores indicate an unfavorable credit history.

	===Credit Reports===		===Credit Reports===

Jfigueroa: /* information about where you work, live, and your bill paying habits. Credit ReportinDefinitions and Common Terms */

2004-11-24T00:04:23Z

information about where you work, live, and your bill paying habits. Credit ReportinDefinitions and Common Terms

← Older revision		Revision as of 20:04, 23 November 2004
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	==~~information about where you work, live, and your bill paying habits. Credit ReportinDefinitions~~ and Common Terms==		==Definitions and Common Terms==
	[[Debt Relief \| Debt Relief Home Page]] \| [[Debt Relief: Bankruptcy\| Bankruptcy]]		[[Debt Relief \| Debt Relief Home Page]] \| [[Debt Relief: Bankruptcy\| Bankruptcy]]
	===Bankruptcy===		===Bankruptcy===

Jfigueroa at 02:26, 23 November 2004

2004-11-23T02:26:28Z

← Older revision		Revision as of 22:26, 22 November 2004
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	==~~Definitions~~ and Common Terms==		==information about where you work, live, and your bill paying habits. Credit ReportinDefinitions and Common Terms==
	[[Debt Relief \| Debt Relief Home Page]] \| [[Debt Relief: Bankruptcy\| Bankruptcy]]		[[Debt Relief \| Debt Relief Home Page]] \| [[Debt Relief: Bankruptcy\| Bankruptcy]]
	===Bankruptcy===		===Bankruptcy===
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	===Beacon or Credit Score===		===Beacon or Credit Score===
	* Points kept on file by credit reporting agencies that indicate how much debt a person has; ~~higher~~ scores are ideal. Low scores indicate an unfavorable credit history.		* Points kept on file by credit reporting agencies that indicate how much debt a person has; hi
			gher scores are ideal. Low scores indicate an unfavorable credit history.

			===Credit Reports===
			*Credit reports contain information about where you work, live, and your bill paying habits. Credit Reporting Agencies are companies that gather and sell information concerning your credit history to various businesses. This credit history is sold in the form of a credit report. The Fair Credit Reporting Act (FCRA), enforced by the Federal Trade Commission, is designed to promote accuracy and ensure the privacy of the information used in credit reports. Under this act, Credit Reporting Agencies must furnish correct and complete information to businesses to use in evaluating your applications for credit, insurance or a job.

	===Debt===		===Debt===
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	===Unsecured Credit Card===		===Unsecured Credit Card===
	* A credit card where a security deposit is not required to open the credit account.		* A credit card where a security deposit is not required to open the credit account.

	~~===Credit Reports===~~
	*Credit reports contain information about where you work, live, and your bill paying habits. Credit Reporting Agencies are companies that gather and sell information concerning your credit history to various businesses. This credit history is sold in the form of a credit report. The Fair Credit Reporting Act (FCRA), enforced by the Federal Trade Commission, is designed to promote accuracy and ensure the privacy of the information used in credit reports. Under this act, Credit Reporting Agencies must furnish correct and complete information to businesses to use in evaluating your applications for credit, insurance or a job.

MHartley: /* Bankruptcy */

2004-11-18T22:31:25Z

Bankruptcy

← Older revision		Revision as of 18:31, 18 November 2004
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	[[Debt Relief \| Debt Relief Home Page]] \| [[Debt Relief: Bankruptcy\| Bankruptcy]]		[[Debt Relief \| Debt Relief Home Page]] \| [[Debt Relief: Bankruptcy\| Bankruptcy]]
	===Bankruptcy===		===Bankruptcy===
	*Bankruptcy is a court case. It is used when a person cannot pay his or her bills. It helps a person get a fresh financial start. All bankruptcy cases are handled in a federal court. When the debtor exceeds his or her ability to pay, the debtor may file a petition with the bankruptcy court for voluntary bankruptcy. It is wise to have an attorney help you decide whether bankruptcy is the best way for you to handle your situation.		*Bankruptcy is a court case. It is used when a person cannot pay his or her bills. It helps a person get a fresh financial start. All bankruptcy cases are handled in a federal court. When the debtor exceeds his or her ability to pay, the debtor may file a petition with the bankruptcy court for voluntary bankruptcy. '''It is wise to have an attorney help you decide whether bankruptcy is the best way for you to handle your situation.'''

	The two most common types of bankruptcy filed by individuals and businesses are: Chapter 7 bankruptcy and Chapter 13 bankruptcy.		The two most common types of bankruptcy filed by individuals and businesses are: Chapter 7 bankruptcy and Chapter 13 bankruptcy.

MHartley: /* Credit Reports */

2004-11-18T22:29:53Z

Credit Reports

← Older revision		Revision as of 18:29, 18 November 2004
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	===Credit Reports===		===Credit Reports===
	*Credit reports contain information about where you work, live, and your bill paying habits. ~~Credit reporting agencies~~ Credit Reporting Agencies are companies that gather and sell information concerning your credit history to various businesses. This credit history is sold in the form of a credit report. The Fair Credit Reporting Act (FCRA), enforced by the Federal Trade Commission, is designed to promote accuracy and ensure the privacy of the information used in credit reports. Under this act, Credit Reporting Agencies must furnish correct and complete information to businesses to use in evaluating your applications for credit, insurance or a job.		*Credit reports contain information about where you work, live, and your bill paying habits. Credit Reporting Agencies are companies that gather and sell information concerning your credit history to various businesses. This credit history is sold in the form of a credit report. The Fair Credit Reporting Act (FCRA), enforced by the Federal Trade Commission, is designed to promote accuracy and ensure the privacy of the information used in credit reports. Under this act, Credit Reporting Agencies must furnish correct and complete information to businesses to use in evaluating your applications for credit, insurance or a job.