Explore Alternatives to Chapter 7 or Chapter 13 Bankruptcy Before You File If you have debt problems, bankruptcy might be a good option. It is often the first word people think of when they can no longer pay all of their bills. But before you file for Chapter 7 or Chapter 13 bankruptcy, explore alternatives […]
Alternatives To Bankruptcy Read Post »
Bankruptcy does not ruin your credit score for years and years. Many people are under the misconception that it does but it’s just not true. Bankruptcy can actually improve your credit score faster than anything else you could do. Why it Works Filing bankruptcy means that you no longer owe the debts that have been
Credit Scores and Bankruptcy Read Post »
When checking your credit reports, you might notice that your rent payments aren’t listed anywhere. That’s because landlords aren’t considered creditors. However, there are steps you can take to add your monthly rent payments to your credit reports. How Do I Get Rent to Show on My Credit Report? Landlords do not automatically report your
Is My Rental History on My Credit Report? Read Post »
There have actually been fewer personal bankruptcies filed during the pandemic, but this will not continue for long. There are several reasons for the temporary decrease: Psychological Reasons: People tend to “hunker-down” both with physical distancing and with their finances. It is normal to watch and wait to see what will happen next. Uncertainty is
The Pandemic and Personal Bankruptcy Read Post »
The latest statistics (updated September, 2020) by Credible, show that many people are borrowing for non-necessity items. For example, loans for boats increased over 300% and loans for RVs increased almost 200%. The reasons for these increases are not entirely clear. There has also been an increase in loans for home improvements. This may mean
Loans For Luxuries During the Pandemic Read Post »
The average American is not able to meet financial emergencies in the best of times Half of all Americans are unprepared for financial emergencies. Events such as family breakup, job loss, and medical issues are the usual causes of bankruptcy. Adding to these pressures is the fact that this is, of course, not the best
Bankruptcy in the Age of COVID-19 (The Coronavirus) Read Post »
The percent of available credit you use is a huge factor in your credit score.
4 Ways to Improve Your Credit Score Read Post »
If you are one of the lucky ones who gets good tax refunds, you’ll want to consider how bankruptcy can affect your refund. The key day in your Chapter 7 Bankruptcy is the day it’s filed. The question is what do you own on that date. Some of your assets may have to be turned
What Happens to My Tax Refund in Bankruptcy Read Post »
It’s possible to buy a house with bad credit, but you may end up with a high mortgage rate. If your score is above 580, you can look into FHA loans, VA loans, and USDA loans. If you can’t get approved for a mortgage right now, though, don’t worry — there are ways to increase
How to Buy a House with Bad Credit Read Post »
It’s important to seek the advice of an experienced bankruptcy attorney to decide if bankruptcy is right for you. I offer consultations to help you in this decision. In this article, I will explain the 3 major areas I consider when advising clients. 1. Do I QUALIFY to file a Chapter 7 bankruptcy? Prior Bankruptcy
What Should You Ask A Bankruptcy Attorney Read Post »
Three new tools can help if your credit scores aren’t quite as high as you’d like them to be and need a boost. These tools come from FICO, the company that develops your score; Experian, one of the national credit bureaus; and CreditXpert, a company whose products are used in the mortgage business. FICO’s “Ultra”
Need a boost to your credit rating? Read Post »
What Is Happening Car loans are going bad at an alarming rate, according to a recent report by the Federal Reserve Bank of New York. About 7 million car loans are seriously delinquent. That’s about 1 million more car loans than at the height of the great recession!! Average new car prices and loan payments
Delinquent Car Loans — At An All Time High Read Post »
What are the options if you can’t pay your debts besides bankruptcy? Bad things happen to good people. First of all, realize you are not alone. According to CBS News about 8 out of every 10 Americans lives paycheck to paycheck. This is truly an astounding number, especially because it applies across all income levels, even
What are my options if I can’t pay my debts (besides bankruptcy)? Read Post »
A Low Credit Score isn’t always a deal breaker The first step is finding out your FICO score. According to Experian a score above 740 is considered very good. A score of 580-740 is considered “sub prime.” If your score is sub prime, it doesn’t mean you can’t get a mortgage. It does mean more work
How To Get A Mortgage When You Have Bad Credit Read Post »
If you file Bankruptcy and have a home, you probably already know that it’s probably protected. But what if you try to sell or refinance your home? A title insurance company or the bank will tell you that a judgment must be paid, instead of the money going to you. This article tells you how
What can you do if you have a judgment lien against your house? Read Post »
