Blog Category: Credit


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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Credit Card Debt Amounts By City And State

Credit Card Debt Amounts By City And State

38% of households carry some credit card debt. The average amount of credit card debt is $5,700. However, those that carry balances without paying them off owe over $16,000. These numbers haven’t changed much over the last 5 years, but the locations of highest and lowest balances have. Take a look at credit card debt  … Read more

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Simple Tips For Better Credit

Simple Tips For Better Credit

The thought of checking your credit can be scary. If you have bad credit you may avoid checking it altogether. This is never a good strategy. Good credit is possible. In order to improve your score, follow these simple tips for better credit. Simple Tips For Better Credit Check Your  Report Often There are several  … Read more

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How Well Do You Know Your Credit?

How Well  Do You Know Your Credit?

When it comes to credit scores most people ignore them until a problem arises. Credit scores and your profile speak volumes to lenders about your borrowing risk, so it is important to keep a close eye on your standing. How well do you know your credit? Whether you pay for a credit monitoring service to  … Read more

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What happens to my credit card after filing bankruptcy?

What happens to my credit card after filing bankruptcy?

A big question that many individuals ask is: what happens to my credit card after filing bankruptcy? Can I keep a credit card or will I have to get rid of it? Well in most cases you’ll be able to keep your credit card is isn’t highly advised. The reason being is that credit card  … Read more

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