Blog Posts in 2018

How to Improve Your Credit After Chapter 7 Bankruptcy

Chapter 7 is an excellent bankruptcy option for debtors with terrible credit. Once you complete Chapter 7 , your financial slate is wiped clean and you can start restoring your credit immediately! While your bankruptcy will be listed on your credit report for 10 years, you can still improve your credit score by making positive financial choices. Track Your Credit Score There are several free ...

Am I Eligible for Chapter 13 Bankruptcy?

Chapter 13 is an excellent bankruptcy option if you have a regular source of income. By following a 3-5-year repayment plan, you can catch up on overdue payments and partially or completely pay off your debts. Chapter 13 also allows you to retain secured assets, including your home and business. You are eligible for Chapter 13 bankruptcy if: -You are not a business entity -You have created a debt ...

The Pitfalls of Using a Credit Repair Clinic

If your credit score is suffering, chances are you are trying to figure out ways to fix it and, in your search, you might have come across credit repair clinics that claim to be able to accomplish this, allowing you to qualify for a loan or to get a credit card. Unfortunately, in this case, what sounds too good to be true is exactly that. In fact, many of the questionable methods they use can ...

Common Credit Report Errors and How to Correct Them

According to the Federal Trade Commission (FTC), about 5% of consumers have errors on their credit reports and 26% of people involved in the study had an error that might potentially impact their ability to get a better interest rate. This can be easily rectified with a little more proactive behavior, such as checking your credit report once a year. In fact, the Fair Credit Reporting Act requires ...