Posts Tagged ‘credit score’
The Stubbornly Stuck Credit Score
How bad your finances are is, at least partially, a matter of perspective. Sure, you don’t have any money left at the end of the month to put into savings. If you are so optimistic that you transfer a percentage of your paycheck into savings every payday, then you end up transferring it back into…
Read MoreHow Bad is One Late Payment?
When people meet with debt relief lawyers to discuss bankruptcy filings and other possible solutions to their debt problems, most of them tell a similar story of a debt problem that started gradually. Yes, there are people whose finances tanked suddenly after a personal disaster such as an injury or a divorce, but an even…
Read MoreWorking Within Your Means to Improve Your Credit Score
You have heard all the conventional advice about improving your credit score. Take out a loan and repay it in installments. Pay your credit card balance down to zero every month. Of course, the way to do those things is to increase your earnings and decrease your expenses. As it stands, you already spend every waking moment working,…
Read MoreHow Does Credit Utilization Affect Your Credit Score?
The less need you have for something, the more willing people are to give it to you. This is especially true of credit. If you have one million dollars in your bank account, banks will not think twice before lending you another million, but if you needed to buy and furnish a house for a…
Read MoreRent Reporting Services Can Help Your Credit Score, but They are Not Enough to Get You Out of Debt
One of the most frustrating things about debt is that in today’s economy, prices are higher than wages. You are not in debt because you spent carelessly on impulse purchases or lived an extravagant lifestyle; you are in debt because you went to the doctor when you were sick or because you bought groceries during…
Read MoreRebuilding Your Credit After a Bankruptcy Filing
Filing for bankruptcy does not mean that you will never be able to access credit again. It also does not mean that, after discharging your old credit card debts in bankruptcy court, you can immediately open up a new account with the same credit limit and start making purchases like you used to do in…
Read MoreWhen Can You Start to Rebuild Credit After Bankruptcy?
Start to Rebuild Credit After Bankruptcy Filing for bankruptcy can be a tough financial decision. It can also have a long-lasting impact on your credit rating, making it hard to open new lines of credit or qualify for a loan in the future. But that doesn’t mean you should give up. There are ways to…
Read MoreBankruptcy and Your Credit Report: Separating Fact from Fiction
Whether or not to file for bankruptcy is a complex decision, and many factors influence whether it is a good idea for you. One area that many people ask questions about when filing for bankruptcy is credit scores. People are not just concerned about how bankruptcy will impact their credit score, but also if they…
Read MoreRecover From Bankruptcy in Eight Easy Steps
Rebuilding your credit score and financial situation after navigating bankruptcy can seem like an impossible task. It is common to worry that filing for bankruptcy will have a negative impact on your credit score and will prevent you from fulfilling your long term goals. By creating a recovery plan after bankruptcy, however, it is possible…
Read MoreBankruptcy and Your Credit Score
Social research seems to point to a trend wherein people are reticent to file for bankruptcy or utilize social welfare programs. At the same time, with the emergence of the importance of maintaining a good credit score, this trend continues. The trend over the last several years has been moving away from social welfare programs…
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