As consumers, we have been trained by the credit industry to equate the contents of our credit report with our credit worthiness. This is not necessarily true. Government research has recently discovered that the majority of consumers in the United States (about 79%) have inaccurate credit reports. If you have a bankruptcy, your chance of [...]
Bankruptcies can be devastating to your credit. A bankruptcy can remain on your credit report for up to 10 years. Getting credit after filing for bankruptcy can be difficult, but it is still possible. In this unstable economy it is hard to keep your head above water. The bills may be piling up, but there [...]
Many of our clients have compromised credit due to bankruptcy. Most people do not know anything about bankruptcy unless they are in the middle of it themselves. The following list breaks down bankruptcy jargon. Creditor The person or organization to whom the debtor owes money or some other form of legal obligation. Debtor The person [...]
Filing for bankruptcy is a complicated legal process; you can do it on your own, but it takes a lot of time and work. For most people, it will be helpful to consult with a bankruptcy attorney. They will begin by asking questions to determine your personal financial situation and which type of bankruptcy filing [...]
Address the reason you had to file for bankruptcy. Whether is a shopping compulsion, lack of health insurance, home in foreclosure or some other reason, you will have a better shot of improving your credit score if you face and resolve those issues. Make sure your credit report is accurate. Errors are very likely to [...]
by George Anders published: 08/16/2009 Parade Magazine More than one million Americans filed for personal bankruptcy last year—an increase of more than 30% over 2007. Unexpected medical bills are a top cause of personal bankruptcy. Other reasons include losing a job, struggling through divorce, getting stuck with an unmanageable mortgage, or simply going on a [...]