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Effect on credit score of non-filing non-spouse co-debtor
I'm told the types of marks cost 20 points, but that's hearsay.
Dennis McGoldrick
350 S. Crenshaw Bl., #A207B
Torrance, CA 90503
On May 13, 2010, at 10:10 AM, "Joseph E. Caceres" wrote:
Dennis, any idea as to whether that notation would lower her score even a little?
Joseph E. Caceres, Esq.
Sent from my iPhone
On May 13, 2010, at 10:01 AM, "Dennis McGoldrick" wrote:
It wll show up on mom's credit report. Not as a bk for mom, but
Something like a "account subject to bankruptcy". On the line listing the debt.
Dennis McGoldrick
350 S. Crenshaw Bl., #A207B
Torrance, CA 90503
On May 13, 2010, at 9:44 AM, Jacob Chang wrote:
I have a PC who is a cosigner on a credit card with her mom. PC wants to file chapter 7, but is concerned about its effect on her mom's credit report and credit score. Is there an impact? If so, to what extent?
Jacob D. Chang, Esq.
Law Offices of Jacob D. Chang
1600 Wilshire Boulevard, Third Floor
Los Angeles, CA 90017
Tel: (213) 252-4440
Fax: (213) 738-1116
Email: jacobchang.esq@gmail.com
Please kindly consider the environment before printing this e-mail.
Note: This electronic mail is intended to be received and read only by certain individuals. It may contain information that is attorney-client privileged or protected from disclosure by law. If it has been misdirected, or if you suspect you have received this in error, please notify me by replying and then delete both the message and reply. Thank you.
I'm told the types of marks cost 20 points, but that's hearsay.Dennis McGoldrick350 S. Crenshaw Bl., #A207BTorrance, CA 90503On May 13, 2010, at 10:10 AM, "Joseph E. Caceres" <JEC@locs.com> wrote:
Dennis, any idea as to whether that notation would lower her score even a little?Joseph E. Caceres, Esq.Sent from my iPhoneOn May 13, 2010, at 10:01 AM, "Dennis McGoldrick" <easky1@yahoo.com> wrote:
It wll show up on mom's credit report. Not as a bk for mom, but Something like a "account subject to bankruptcy". On the line listing the debt.Dennis McGoldrick350 S. Crenshaw Bl., #A207BTorrance, CA 90503On May 13, 2010, at 9:44 AM, Jacob Chang <jacobchang.esq@gmail.com> wrote:
I have a PC who is a cosigner on a credit card with her mom. PC wants to file chapter 7, but is concerned about its effect on her mom's credit report and credit score. Is there an impact? If so, to what extent?
Jacob D. Chang, Esq.Law Offices of Jacob D. Chang1600 Wilshire Boulevard, Third FloorLos Angeles, CA 90017Tel: (213) 252-4440Fax: (213) 738-1116Email: jacobchang.esq@gmail.com
Please kindly consider the environment before printing this e-mail. Note: This electronic mail is intended to be received and read only by certain individuals. It may contain information that is attorney-client privileged or protected from disclosure by law. If it has been misdirected, or if you suspect you have received this in error, please notify me by replying and then delete both the message and reply. Thank you.
The post was migrated from Yahoo.
But mom won't get benefit of discharge so creditor will go after mom for
the debt. If she doesn't pay it, then her credit is impacted.
Shannon A. Doyle, Esq.
Borowitz & Clark, LLP
100 N. Barranca Avenue, Suite 250
West Covina, CA 91791-1600
(626) 646-2555 Phone
(626) 332-8644 Facsimile
www.blclaw.com
________________________________
The post was migrated from Yahoo.
It wll show up on mom's credit report. Not as a bk for mom, but
Something like a "account subject to bankruptcy". On the line listing the debt.
Dennis McGoldrick
350 S. Crenshaw Bl., #A207B
Torrance, CA 90503
On May 13, 2010, at 9:44 AM, Jacob Chang wrote:
I have a PC who is a cosigner on a credit card with her mom. PC wants to file chapter 7, but is concerned about its effect on her mom's credit report and credit score. Is there an impact? If so, to what extent?
Jacob D. Chang, Esq.
Law Offices of Jacob D. Chang
1600 Wilshire Boulevard, Third Floor
Los Angeles, CA 90017
Tel: (213) 252-4440
Fax: (213) 738-1116
Email: jacobchang.esq@gmail.com
Please kindly consider the environment before printing this e-mail.
Note: This electronic mail is intended to be received and read only by certain individuals. It may contain information that is attorney-client privileged or protected from disclosure by law. If it has been misdirected, or if you suspect you have received this in error, please notify me by replying and then delete both the message and reply. Thank you.
It wll show up on mom's credit report. Not as a bk for mom, but Something like a "account subject to bankruptcy". On the line listing the debt.Dennis McGoldrick350 S. Crenshaw Bl., #A207BTorrance, CA 90503On May 13, 2010, at 9:44 AM, Jacob Chang <jacobchang.esq@gmail.com> wrote:
I have a PC who is a cosigner on a credit card with her mom. PC wants to file chapter 7, but is concerned about its effect on her mom's credit report and credit score. Is there an impact? If so, to what extent?
Jacob D. Chang, Esq.Law Offices of Jacob D. Chang1600 Wilshire Boulevard, Third FloorLos Angeles, CA 90017Tel: (213) 252-4440Fax: (213) 738-1116Email: jacobchang.esq@gmail.com
Please kindly consider the environment before printing this e-mail. Note: This electronic mail is intended to be received and read only by certain individuals. It may contain information that is attorney-client privileged or protected from disclosure by law. If it has been misdirected, or if you suspect you have received this in error, please notify me by replying and then delete both the message and reply. Thank you.
The post was migrated from Yahoo.
No impact on mom's credit as long as she pays the debt.
Shannon A. Doyle, Esq.
Borowitz & Clark, LLP
100 N. Barranca Avenue, Suite 250
West Covina, CA 91791-1600
(626) 646-2555 Phone
(626) 332-8644 Facsimile
www.blclaw.com
________________________________
The post was migrated from Yahoo.
I have a PC who is a cosigner on a credit card with her mom. PC wants to
file chapter 7, but is concerned about its effect on her mom's credit report
and credit score. Is there an impact? If so, to what extent?
Jacob D. Chang, Esq.
Law Offices of Jacob D. Chang
1600 Wilshire Boulevard, Third Floor
Los Angeles, CA 90017
Tel: (213) 252-4440
Fax: (213) 738-1116
Email: jacobchang.esq@gmail.com
Please kindly consider the environment before printing this e-mail.
Note: This electronic mail is intended to be received and read only by
certain individuals. It may contain information that is attorney-client
privileged or protected from disclosure by law. If it has been misdirected,
or if you suspect you have received this in error, please notify me by
replying and then delete both the message and reply. Thank you.
I have a PC who is a cosigner on a credit card with her mom. PC wants to file chapter 7, but is concerned about its effect on her mom's credit report and credit score. Is there an impact? If so, to what extent?
Jacob D. Chang, Esq.Law Offices of Jacob D. Chang1600 Wilshire Boulevard, Third FloorLos Angeles, CA 90017Tel: (213) 252-4440Fax: (213) 738-1116Email: jacobchang.esq@gmail.com
Please kindly consider the environment before printing this e-mail. Note: This electronic mail is intended to be received and read only by certain individuals. It may contain information that is attorney-client privileged or protected from disclosure by law. If it has been misdirected, or if you suspect you have received this in error, please notify me by replying and then delete both the message and reply. Thank you.
The post was migrated from Yahoo.