Rebuilding Credit After Bankruptcy
Time is Your Credit’s Best Friend
Time is the biggest player in rebuilding your credit after filing for bankruptcy. The further in the past the bankruptcy filing is, the less damage it will cause to your credit score.
To “speed up” the rebuilding process, you will need to have a plan, work hard, and probably accept higher interest rates and fees.
So, unless you’re planning to make a major purchase on credit in the coming three to five years, you may want to consider the long route and just wait it out. Continue reading “Rebuilding Credit After Bankruptcy” »
A Leading Cause of Bankruptcy: Missing Early Warning Signs
The Association of Consumer Credit Counseling Agencies (AICCCA) released some information concerning the recent increase in non business bankruptcy filings.
The press release discusses the fact that filings have increase by more than double since 2006 to 2009 and that the numbers of consumers seeking assistance from Credit Counseling services have dropped from 20-25 percent down to only 7 to 8 percent. Continue reading “A Leading Cause of Bankruptcy: Missing Early Warning Signs” »
Debt Reduction Services on FOXBusiness.com
I wanted to share an article with all of you that was posted on www.FoxBusiness.com this morning. Our Director of Education, Todd Christensen, provided information to reporter Susan Ladika in regards to the increase in Bankruptcy filings in 2009.
The article may be read in its entirety by clicking on the following link: Continue reading “Debt Reduction Services on FOXBusiness.com” »
Do It Yourself Bankruptcy – Some Things To Know First
Bankruptcy, although necessary for many individuals, should be utilized as a last resort once all other options have been reviewed first. One of the first things that a person can do is review their own spending patterns or habits before seeking help. If acted upon before the problem reaches the point of no return it is conceivable that there may be no need for outside intervention. Continue reading “Do It Yourself Bankruptcy – Some Things To Know First” »
Filing Bankruptcy – Credit After Bankruptcy
So I’ve filed for bankruptcy, now what?
I’ve heard from several people who have filed for bankruptcy protection that once they have successfully filed the last thing they want to do is deal with their finances. I recommend that a person places their finances near the top of their priority list once a bankruptcy has been filed. Continue reading “Filing Bankruptcy – Credit After Bankruptcy” »