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” »

Debt Repayment Options Made Simple

Guide to Debt Repayment Options – The Just About All You’ll Ever Need to Know Version

Cutting Up Your Debt is One OptionOne of the most talked about, written about and thought about financial topics in this country is, and has been since its founding, the best way to get out of debt (and then, hopefully, stay out of debt). Yet for all of the tongue wagging, ink wasting, and energy squandering on this endeavor, most American still have an extremely poor, if not completely mistaken, idea of what options they have available to them when they are ready to repay excessive consumer debts. Continue reading “Debt Repayment Options Made Simple” »

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 in the News – KBOI CBS 2 – June 3rd, 2010

Make Sure You Get Credit, For Your Credit

I wanted to share the article and a link to the video of a news story that CBS in Boise aired yesterday featuring Debt Reduction Services Director of Education, Todd Christensen. Todd provides some little known information regarding utility services. Continue reading “Debt Reduction Services in the News – KBOI CBS 2 – June 3rd, 2010” »

Free Financial Forums Scheduled at Tulsa Library

Here is an announcement I wanted to share with our Tulsa clients and community members.  This is a repost of an article posted by the Tulsa Business Staff highlighting the free forums available. I encourage anyone in the area in need of financial advice and knowledge to participate, especially in these trying economic times. Continue reading “Free Financial Forums Scheduled at Tulsa Library” »

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” »

Debt Consolidation, Bankruptcy or Debt Settlement?

Consumer debt…how would I love to pay the off! Let me count the ways…

We live in a culture where the burden of consumer debt has not only become acceptable but even expected. Since the average household in America carries nearly $9,000 of credit card debt, a large percentage of American households are looking for the best way to pay off their debt. Here are descriptions of three, including the service that Debt Reduction Services Inc. provides (Debt Consolidation): Continue reading “Debt Consolidation, Bankruptcy or Debt Settlement?” »

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” »