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Alternatives To Bankruptcy

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 […]

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Credit Scores and Bankruptcy

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

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The Pandemic and Personal Bankruptcy

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

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Loans For Luxuries During the Pandemic

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

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Need a boost to your credit rating?

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”

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