Blog Category: Credit


Credit Rating and Bankruptcy

Credit Rating and Bankruptcy

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

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Rebuilding Your Credit After Bankruptcy

Rebuilding Your Credit After Bankruptcy

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

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Your Credit Rating and Bankruptcy

Your Credit Rating and Bankruptcy

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

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You Can Get Credit After Bankruptcy

You Can Get Credit After Bankruptcy

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

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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

  Filed under: Credit