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.

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

Rise In Credit Card Delinquency May Indicate Future Rise In Bankruptcy Filings

The delinquency rate for credit cards issued by banks has risen from 3.62 percent to 3.65 percent in the past year. Some analysts note the persistently high unemployment rate as the reason for the rise in credit card delinquency. This may be true; but the rise in credit card delinquency rate is also being caused by the undying idea in our society that credit card debt is somehow justified even if we know that credit card debt often leads to bankruptcy.