Good credit after bankruptcy

Good credit after bankruptcy At the point you are in a bankruptcy it no longer matters what happens that led to filing Chapter 7 or 13. For purposes of good credit, what matters is what happens after the bankruptcy discharge. Many people are surprised in how quickly they can qualify for a student, car or … Continue reading Good credit after bankruptcy

New Credit Reporting Rules: Many may find relief from reports of tax liens and civil judgments

New rules provide credit score relief for some people who have tax liens and civil money judgments against them. Errors on consumer credit reports have been a problem for a long time and many people have incorrect information on their credit reports. New credit reporting rules take effect July 1 and change the way Trans … Continue reading New Credit Reporting Rules: Many may find relief from reports of tax liens and civil judgments

Using credit cards and boosting your credit score after bankruptcy

  After a bankruptcy discharge of those pesky debts you don’t miss, your available cash flow is increased and you should have more spending power. Your credit score is a function of several variables, not a mean person sitting in judgment of you. As you have more cash flow and spending ability, the decision to … Continue reading Using credit cards and boosting your credit score after bankruptcy

Credit repair tips: Secured credit cards, limited balances and OptOutPrescreen.com

There are many misconceptions out there about which path is the right one to financial freedom and success. One thing to always ask yourself is, “Who has something to gain by the decision I make?” If you are researching whether bankruptcy or a debt repayment plan is going to work, you will likely hear a … Continue reading Credit repair tips: Secured credit cards, limited balances and OptOutPrescreen.com

How many ways can credit scores cost me money? What can I do about it?

The Consumer Federation of America “(CFA) is an association of non-profit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization’s Board of Directors.[i]” The CFA studies consumer behavior … Continue reading How many ways can credit scores cost me money? What can I do about it?

Credit counseling: Required before bankruptcy

The bankruptcy laws and courts give bankruptcy petitioners a fresh start, with a partial or full discharge of certain debts and financial obligations. They also require individuals filing for bankruptcy to attend a credit-counseling course and obtain a certificate of acknowledgement to file with the court before it accepts a petition for Chapter 7 or … Continue reading Credit counseling: Required before bankruptcy

Beware of credit repair scams

Credit repair scams are unfortunately common and it is important to do your homework and research a company who makes claims they can repair and rebuild your credit score and reputation. Many people worry that filing for bankruptcy and taking advantage of the laws to help get a fresh financial start will cripple their credit … Continue reading Beware of credit repair scams

Bankruptcy can save your car or truck from being repossessed or seized by creditors

It is undisputed our nation has a love for our cars, trucks, motorcycles and recreational vehicles. While they are not always assets appreciating in value, they are significant assets to many of us who rely on our cars to get to work, school, the grocery store, vacations and anywhere we want to go. As we … Continue reading Bankruptcy can save your car or truck from being repossessed or seized by creditors

Understanding and improving your credit score before or after bankruptcy

Understanding how your credit score works requires knowledge about how the credit system works and how lenders use your credit score. There are three companies, Experian, Equifax and Trans Union, and they collect your credit use and payment history and calculate your credit scores. Based on several elements of your credit patterns, your scores from … Continue reading Understanding and improving your credit score before or after bankruptcy

Credit cards after bankruptcy: Don’t fear the system, use it to your benefit

You might have heard it before, “What happened before your bankruptcy doesn’t matter, it’s all about what you do afterwards.” This is true with credit cards and your credit scores. Many people are reluctant to get a credit card after a bankruptcy because they are afraid they will fall back in the same trap that … Continue reading Credit cards after bankruptcy: Don’t fear the system, use it to your benefit