What You Need to Consider Before Buying a Car You've been out of bankruptcy for a few years and now you need a new car - or at least you believe you need one. Should you make repairs to your old car and try to keep it alive a few years longer, should you buy [...]
Credit report inquiries are used to calculate 10 percent of your credit score. Might not sound like a big percentage but it makes a big difference for a debtor exiting bankruptcy and trying to rebuild their credit. That's why post-bankruptcy debtors need to understand how credit inquiries impact their score and what they can do [...]
The holiday season is one of the most tempting times of the year to sign up for a retail credit card. But are retail credit cards truly beneficial to post-bankruptcy debtors and other borrowers? Not really, except for the purpose of rebuilding your credit history. A matter of fact, according to a study conducted by [...]
So you've received your bankruptcy discharge. Maybe it's been a year or only a few months since you exited bankruptcy; but the holidays are here already. And while this is a time to be "jolly" and generous, it is also a dangerous time for post-bankruptcy debtors. Overspending and credit card abuse can destroy a post-bankruptcy [...]
The Great Recession was fueled by complex financial "products" and "magical" business models which promised the moon and delivered disaster. Ordinary Americans walked away from their careers to cash-in on the "land rush" and investment goldmines which were suppose to set them up financially for life. But if there is any lesson we should learn [...]
How to Avoid The Holiday Debt Trap Black Friday is almost upon us; but the day that shoppers swarm the stores for deals and sales can have a terrible toll on a post-bankruptcy debtor's debt levels. Below are a few tips on how post-bankruptcy debtors can avoid the holiday debt trap: Keep your holiday shopping [...]
Signs of an Emotional Debtor As we have emphasized on numerous occasions, filing for bankruptcy is the first step on your road to the financial fresh start you need and deserve. But one of the biggest problems that some bankruptcy debtors face is accumulating too much debt and ending up in bankruptcy again for the [...]
There's been a lot of buzz lately about the Giudice family and how they're overspending and not doing what they're supposed to do as they get a second chance in bankruptcy. Now apparently word is out that another Giudice family member, Pete Giudice and his wife also filed Chapter 7 bankruptcy with $2 million in [...]
Once stamped out in one area unethical credit card practices seem to be propping up in other niche markets of the credit card industry. One of these markets is the subprime credit card market which targets individuals who have no credit or bad credit. While the subprime credit card market has its place in that [...]
Most can agree that building your credit after bankruptcy is important; but there are sometimes disagreements on how to achieve that goal. We have already mentioned that getting a secured credit card after bankruptcy is a great way to build credit and pave the road to getting an unsecured credit card within a year or [...]