Blog Category: Credit

Yes! Not only can you get new credit, doing so after a bankruptcy may improve your credit score. If you have completed a debt discharge in bankruptcy, you should still apply for a credit card. The credit card lender will look at your income, expenses and the clean slate from negative payment history. If your income  … Read more

There is a myth that filing for bankruptcy damages your credit. Many people even assume that a bankruptcy prevents you from getting credit again in the future.  In fact, many people miss out on the freedom from debt and opportunity to rebuild strong credit through bankruptcy due to these false ideas. However, the good news is  … Read more

During the postwar boom of the 1950s, Americans experienced more buying power and an increase in lending. During this time, The National Foundation for Credit Counseling was developed to provide financial education and credit counseling to consumers. The credit counseling industry was brought about by the lenders, to encourage consumers to use credit wisely and  … Read more

When you have successfully completed your bankruptcy case and received financial relief, there may be a few more things to consider. Discharge Do you have a copy of your bankruptcy discharge paperwork? Are you still being contacted by your creditors attempting to collect on debt already discharged? Is your home or auto lender sending you  … Read more

Bankruptcy is a tool to eliminate overwhelming debt or to catch up on your secured debt. When you finish your bankruptcy case, your finances should be in a more manageable state. By removing your overwhelming debt, it creates an environment to make better financial habits. When you file for bankruptcy, that mark can remain on  … Read more

One of the least desirable aspects of filing bankruptcy is that it will remain on your credit report for ten years. Thinking you will not be able to obtain credit for that length of time can be a scary thought. If you are delinquent on your debt and are missing payments, these negative marks can  … Read more

When searching for solutions to overwhelming debt, people are hesitant about filing bankruptcy because of what it will do to their credit rating. It is scary to think that a bankruptcy can stay on your report for ten years. While it is true, bankruptcy will remain on your credit report for ten years, adverse and  … Read more

Credit problems do not disappear on your credit report quickly. When you file bankruptcy, that can stay on your credit report for ten years. Missing and late payments or defaulting on your debt can remain on your report for seven years.  Check Your Report Check your credit report to ensure accuracy. If there is a  … Read more

When people think about bankruptcy, one of the first things they worry about is the effect it will have on their credit report. That is not an unreasonable concern since bankruptcy can stay on your report for up to ten years. Bankruptcy is not the only thing that can harm your credit score, foreclosures, court judgments,  … Read more

Some people worry that if they file bankruptcy, they will lose the ability to ever get credit. While it is true, when you file bankruptcy it can stay on your credit report for up to ten years. It is also true if you do nothing and you don’t pay your bills, those negative marks will  … Read more