Tag : credit repair

No one wants to file for bankruptcy.  I know it and so do you.  I read the scathing comments about good people who struggle with debt and their perceived “moral” obligation to repay their debts.  I also enjoy watching Jimmy Fallon (@jimmyfallon) and his humorous Pros and Cons segement each week.  So, here are my […]

If you’re a victim of identity theft, where do you begin to clear your good credit and your name? With the increased internet hacking cases, it’s more important than ever to protect your identity.  No matter how proactive you are, identity theft can strike anyone at any time.  When it does, you need a plan […]

Since 60 Minutes aired, 40 Million Mistakes:  Is Your Credit Report Accurate?, their has been an increase in the filing of federal lawsuits under the Fair Credit Reporting Act (“FCRA”) and Fair Debt Collections Practices Act (“FDCPA”) by consumers throughout the U.S. The 60 Minutes report explained that your credit information is monitored, bought and […]

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 […]

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 […]

So, what’s this I am hearing lately about your credit score still being negatively impacted after bankruptcy.  Or, worse, if your spouse filed bankruptcy and your credit score is still showing all the debt that was discharged in bankruptcy.  Either way, a high credit score not only gets you lower interest rates, but shows potential […]

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 […]

I see it every day. Potential clients who have spent their savings and borrowed against their retirement accounts because they’re told that, “Bankruptcy is the worst thing for your credit,” “It’s rarely the best option,” etc. The shame and guilt that go into financial problems compounds the negative stigma that bankruptcy holds and by the […]