Blog Category: Credit


Credit Counseling and Bankruptcy

Credit Counseling and Bankruptcy

In the early 1950s, the united states began seeing credit counseling agencies opening for business. Home construction was on the increase, and the American public was borrowing more money. NFCC The national foundation for credit counseling NFCC was created in 1951 to advocate for the credit industry and work with consumers that needed help paying  … Read more

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Bankruptcy and Credit

Bankruptcy and Credit

At one time or another, nearly everyone in the United States has had some type of financial difficulties at one point in their lives. It is nothing to be ashamed of if you get to the point that you need to file bankruptcy. Getting New Credit At the end of your bankruptcy, you may want  … Read more

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The Fair Credit Billing Act

The Fair Credit Billing Act

The Fair Credit Billing Act (FCBA) was added to the Truth in Lending Act to provide rights for customers that believe they have been charged in error by a credit card company. By checking your credit card billing statements, you can keep on top of any extra charges or errors in billing. Mistakes happen, and  … Read more

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Bankruptcy and Your Credit Report

Bankruptcy and Your Credit Report

Bankruptcy usually does not make your credit any worse if you are already behind in your bills. Yor late and missed payments will already be reflected on your credit report. Defaults will remain on your credit for seven years, while bankruptcy will stay on there for ten years. When you file bankruptcy, all lenders actions  … Read more

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What Happens To Your Credit When You File Bankruptcy

What Happens To Your Credit When You File Bankruptcy

It’s true that a bankruptcy can stay on your credit history for up to ten years. It’s also true that when you get too far behind in your payments, those negative marks can also stay on your credit history for up to seven years. Filing bankruptcy legally wipes away your unsecured debt and allows you  … Read more

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Bankruptcy and Your Credit Rating

Bankruptcy and Your Credit Rating

While it’s true, bankruptcy can show up on your credit report for up to 10 years, but bankruptcy is certainly not the only thing that can damage your credit rating. Falling behind or avoiding making payments can also negatively impact your credit score. Other reasons for negative hits to your credit report include foreclosures, court judgments,  … Read more

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Rebuild Your Credit After Bankruptcy

Rebuild Your Credit After Bankruptcy

Filing bankruptcy can give you a fresh start and the ability to rebuild your finances and create better financial habits. When you remove the overwhelming debt and begin to make sound financial choices over time, your credit score will improve, and it will be easier to obtain creditworthiness for loans and large purchases. Avoid Easy  … Read more

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720 Credit Score after Bankruptcy

720 Credit Score after Bankruptcy

One of the most difficult issues involved with making the decision to file bankruptcy for individuals is the fact that it will show up on your credit report and subsequently cause a drop in your credit score. How much your credit score decreases after bankruptcy depends on what your credit score was in the first  … Read more

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Credit Repair Strategies

Credit Repair Strategies

Repairing your credit score after a bankruptcy takes both time and sincere effort on your part. You might come across hoards of quick-fix methods for improving your credit score that is most likely to backfire. It is therefore essential for you to understand that the right credit repair strategies. Comprise methods that will build your  … Read more

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Understanding Credit After Bankruptcy

Understanding Credit After Bankruptcy

While declaring bankruptcy does get you out of debt, it does have a detrimental effect on your credit. Credit after bankruptcy is not going to look very good. First off, let’s come to terms that your credit had to already be in a bad place for you to actually consider filing for bankruptcy. If you  … Read more

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