Posts

Debt resolution comparison chart

I don’t simply assume that anybody with debt issues needs or wants to file bankruptcy. In fact, some people shouldn’t file bankruptcy, or they want to try alternatives before filing. For those considering the advantages and disadvantages…

How does bankruptcy affect my credit score?

Typically if you have a low credit score, within about a year after a  bankruptcy it will go above 600, and increase from there. Below are several actual credit scores from actual clients for which their credit report predicts their credit…
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What is the credit counseling requirement in bankruptcy?

Prior to filing for bankruptcy relief, a consumer debtor must complete an accredited course, and obtain a certificate, showing that they entered certain information with a third-party outfit. This is one of the more ludicrous provisions of the…
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"How You Can Become a Credit-Score Superstar"

Article in  The Wall Street Journal on 12/9/2012 You, too, can be a credit-score hotshot. Fair Isaac, creator of the commonly used FICO credit score, used to be tight-lipped about what it took to earn its best scores. But this fall, it provided…

Bankruptcy vs credit counseling

The airwaves are filled with ads touting debt settlement or debt negotiation, implying that is a better solution than bankruptcy. A credit counseling plan, also called debt consolidation, or debt management plan, typically work by a nonprofit…