Posts

What are the downsides of filing bankruptcy?

The decision to file bankruptcy requires consideration of the pros and cons. My new debt resolution comparison chart is a good place to start when considering the alternatives, and whether bankruptcy is the best fit. There are certain negative…

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…

How will bankruptcy affect my credit?

Probably one of my most frequently asked questions. The answer is, bankruptcy isn’t that bad on your credit. The first question I ask people, is how is your credit now? Most people have let their credit slide a bit by the time they have contacted…
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Will my debts come off my credit report after bankruptcy?

After your bankruptcy discharge goes through, your creditors may still appear on your credit report, although sometimes they come off of your credit report or weren’t on there in the first place. And they will go away once they are 10 years…
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How will bankruptcy affect my credit rating?

That’s a great question, but the better question is, how is your credit rating right now? As a general rule, if you currently have excellent credit but just too much debt, your credit score will probably drop to 600 or so after the bankruptcy.…
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How do I get a free credit report?

You can get your official free credit report from www.annualcreditreport.com. You are entitled to obtain one free report from each of the three major credit bureaus on an annual basis. The one that is easiest to read is Experian.  www.freecreditreport.com…
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How do I get a free credit report?

You can get your official free credit report from www.annualcreditreport.com . You are entitled to obtain one free report from each of the three major credit bureaus on an annual basis. The one that is easiest to read is Experian. You cannot…
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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…