Bankruptcy Blog

Filing a Bankruptcy may improve your credit if you have bad credit. However, if you have good credit, then bankruptcy may not be the best option. Bad credit usually happens after some form of bad luck. Losing your job or a major cut in pay will change a good paying history in a very short […]

In todays time having bad credit is going to force you to pay way too much for a car and chances of owning a home is going to be impossible. Bankruptcy is better than bad credit. Things happen in our lives that we do not always have control of, Losing a job after many […]

The filing of a Bankruptcy is a legal way of dealing with creditors, that for one reason or another that you can not continue to pay. By filing the bankruptcy yes you may lose some things but if you don’t file you might lose more things. If you have lost your job and you can […]

Having a good Credit Score on your credit report is very important in our lives. In a time when things are costing more and more being able to receive a zero percent interest rate compared to an 18 percent that is a lot of money. Our credit is very fragile, you could have perfect […]

It is a New Year, and it is time to do something about that bad credit. Bad credit can happen for many reasons. A divorce is a big killer of our credit, more bills on less money just doesn’t work. The divorce judge can say one spouse is to pay this or that but if […]

If you can do this never co-sign anything for any one. Once you put your name to this anything good or bad will go on your credit also. Car dealers will always say they need to have a co-signer and in a year they can refinance the car in their own name. “Not” — in […]

Filing a Bankruptcy is a negative thing to do, But people filing a bankruptcy already have bad credit. After filing a Chapter 7 bankruptcy you are now able to start rebuilding your credit the next day. Within several months will receive credit card offers and new car sale offers. The offers will be at higher […]

Bad credit is from any combination of falling behind on credit card, Car repossessions, Broken apartment lease, Medical bills, homes that have been foreclosed on, and some times something happened and someone sued you. If you have bad credit It very hard to buy a car and you will not be able to buy a […]

Many people feel that they should or need to pay a particular credit card off prior to filing for bankruptcy, whether it is a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. People feel that they should pay off their lowest credit card in order to keep it. In doing so they feel […]

Credit collectors have a way of working on your nerves. There job is to break you down to where you agree to do something you can’t afford to do. They say something like make an agreement to let them do a bank draft of three hundred dollars for four months and they will put […]