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Tag : credit after bankruptcy

Credit After Bankrutpcy Just Got a Bit Better

Chapter 13, Chapter 7, Discharge Violations, Fair Credit Reporting

This just in!  As originally reported in the New York Times and posted through Consumerists’ (@Consumerist) blog, JP Morgan Chase and Bank of America have both agreed to clear debt from credit reports that was discharged in bankruptcy.  This is great news and about time the big banks acted in accordance with federal laws. These […]

Debt Is Holding You Back From Wealth

Bankruptcy Law Overview, Chapter 13, Debt Collections, Foreclosure, Modifications, Short Sales

You cannot spend your way to wealth, unless it’s a debt elimination plan. If there was a magic pill to getting rich, you would think that more people would be taking it, but that simply isn’t the truth.  The truth is that most people have and hold very high moral values and want to fulfill […]

Credit Cards After Chapter 7 Bankruptcy

Chapter 7

Yes you can obtain credit cards after bankruptcy.  In fact, you can obtain a credit card immediately after filing for bankruptcy, but why would you?  Remember that banks and creditors have come to know two things about those who file for bankruptcy and that is (1) That you can only file for bankruptcy ONCE EVERY […]

Rebuild Your Credit After Bankruptcy FREE

Bankruptcy Law Overview, Chapter 13, Chapter 7

In case you didn’t already know this, there is no magic eraser that wipes out all your debt from your credit report after bankruptcy. In fact, more often than not, the credit bureaus get it WRONG!  I know you’re not shocked by this, but wondering how to fix it.  Bankruptcy alone does not fix your […]

Improve Credit Scores After Bankruptcy

Bankruptcy Law Overview

I just returned from a workshop held by Fico Certified Credit Professional Rondi Lambeth, owner of Fortress Credit Pro where I gained some great information I want to pass along to you here. He cleverly coins the name of his workshops as, Fico Score Up Yours!  The negative connotation of sticking it to Fico always […]

Filing Bankruptcy Will Ruin My Credit

Chapter 7

A bankruptcy will remain on your credit report for up to ten (10) years. However, the perceived hit to your credit is an illusion that your creditors don’t want you know about. You see, if you’re already experiencing wide spread defaults on your bills, or even your mortgage, then your credit score has already been adversely affected.  […]

How To Use Credit Wisely After Bankruptcy

Bankruptcy Law Overview, Chapter 13, Chapter 7, Medical Debt & Bankruptcy, Small Business Bankruptcy

I always tell my clients that your credit score only tells you one thing; how well you manage DEBT.  So, why would you want to go back into debt again after bankruptcy?  After all, don’t you just want to enjoy the feeling of financial freedom from debt for as long as possible?  My first inclination […]

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