Credit Card Negotiation

Bankruptcy / Credit and Bankruptcy / Credit Card Negotiation

Should I Stop Using My Credit for a Certain Time Period before Filing Bankruptcy?

Credit card use may be a concern for debtors experiencing job loss or those finding it a challenge to make ends meet. While juggling daily expenses many have a hard time meeting debt obligations. Bankruptcy may be the next step for those who are considering the option. Many consumers understand they should stop using their… Read more »

After Bankruptcy / Bankruptcy / Bankruptcy Q&A / Breaking News / Credit Card Negotiation / Credit Counseling

Post-Bankruptcy Survival: Four Things You Should Know About Your Credit Card

One of the first tools post-bankruptcy debtor uses to rebuild their credit score is the credit card. While they may start off with a secured credit card, within a year of making regular payments post-bankruptcy debtors can graduate to unsecured credit cards.  But what are some of the important facts debtors coming out of bankruptcy… Read more »

After Bankruptcy / Bankruptcy / Bankruptcy Law / Credit and Bankruptcy / Credit Card Negotiation / Credit Counseling / Credit Crisis

Post-Bankruptcy Survival: Don’t Let Credit Card Changes Take You By Surprise

There is good news and bad news for post-bankruptcy debtors searching for credit card offers in the coming year. The good news is that more credit card issuers are willing to lend to more consumers, even those who have filed bankruptcy. Credit card solicitations have nearly doubled in the past year and many of them target the sub-prime market, those with little credit, poor credit and those debtors who have filed bankruptcy. But let’s take a look at some of the other changes that might not be good news for borrowers exiting bankruptcy.

Credit Card Negotiation / Credit Counseling / Credit Crisis / Student Loans

Student Loans As Income On Credit Card Applications?

A recent study on the impact of the Credit Card Act on students conducted by Jim Hawkins at the University of Houston Law Center, surveyed over 300 undergraduates in November and found that a full 29% of students under 21 who obtained a credit card since starting school this academic year used student loan proceeds as part of the income they reported to card issuers in their credit card applications. If this is true, then it is an outrage. Student loans is not income, it is debt and not designed to fund credit card companies.