bankruptcy
What Is Credit Utilization and How Does It Affect Your Credit Score?
Understand your credit score Image Source: Flickr CC User Dorte
Rebuilding and protecting your credit score after bankruptcy is easier if you understand how your FICO score is calculated. Five factors make up your credit score calculation. One of those factors, “credit utilization,” is particularly ...
5 Credit Score Myths That Can Wreck Your Finances
6 Things to Do After You Get a Bankruptcy Discharge
If you were deep in debt and decided to pursue a bankruptcy, if all goes well, you'll end up with a bankruptcy discharge. With a Chapter 7, it takes about four months to get your discharge and with a Chapter 13, it will come ...
What Happens When the Company You Work for Files Bankruptcy?
You always hear on the news about this or that company filing bankruptcy. Large corporate bankruptcies often make headlines but small to mid-sized businesses can go unnoticed. And although bankruptcy filings are a matter of public record, that doesn't mean the information is easy ...
Bankruptcy Checklist – 7 Questions to Assess Your Financial Distress
Bankruptcy is often referred to as an option of last resort, but as with most things in life, timing is everything. Most people wait until they get absolutely desperate before they consider bankruptcy. It can certainly help you when things are especially dire, but ...
How Can You Make Sure All Your Debts Are Included in Your Bankruptcy?
The whole premise behind bankruptcy is to get you a fresh start. But if your bankruptcy petition isn't complete and doesn't include all debts, you may not get the most complete debt relief. It's important to list every single creditor when you complete your bankruptcy ...
Should I Stop Paying Bills Now If I Plan to File Bankruptcy Soon?
Most people considering bankruptcy are overextended, struggling to pay their bills and maybe even living paycheck to paycheck. If you're in this situation, you're likely being plagued by collection calls, dunning notices and letters threatening lawsuits. You may be at the end of your ...
7 Ways Filing Bankruptcy Can Make Your 2015 Better
If you're deep and debt, as the year winds down and you head into the next, you may be looking for a smoother 2015, especially when it comes to finances. If you spent 2014 living paycheck to paycheck, are behind on your bills and ...
4 Obstacles to Saving Money and How to Overcome Them
One of the most stressful financial situations is not having a safety net. Savings are important in both the short and long-run. In the long-term, savings represent a comfortable retirement when your ability to earn may be greatly diminished and you may have greater medical ...