It is possible to get loans after you declare bankruptcy. In some ways, it actually makes lenders more confident in you because you’re only allowed to use Chapter 7 bankruptcy every eight years. If you just used it, you can’t use it again to get rid of your brand new debts. Still, to make yourself more attractive to lenders, it’s…
“Bankruptcy” can be an intimidating word. You don’t want to think about going through it and you probably don’t want to file unless you absolutely have to. While it is a very big decision that requires time to consider and weigh options, there are actually quite a few advantages to filing for bankruptcy. Some of your biggest concerns regarding bankruptcy…
The FICO Score 9 is a credit score, and it’s one of the newest versions. The companies that report on credit are always trying to improve the way that they do so to make it more accurate. While these scores do take into account many of the things you’d expect — your debt, missed payments, lines of credit and more…
People often think about bankruptcy in a very clerical, legalistic way. It is very important to know about the legal steps you need to take to use bankruptcy, as it has to be done in a specific fashion, but there is another side to the process. Experts point out that it’s crucial to consider the emotional toll and the stress…
There are many changes that a person will experience after a divorce, and it can be a very stressful situation for everyone involved. One of the biggest differences for newly divorced people is the change that they will see in their finances. They will be going from two incomes to one, and this is something that will have a significant…
National statistics show that U.S. college students and graduates owe more than $1.2 trillion dollars in student loan debt. This mindboggling figure has raised red flags among many economists who are concerned about many borrowers’ ability to repay these debts. For people with student loan debt, one of the common beliefs is that student loans cannot be discharged in a…
In March of this year, statistics showed that the average revolving debt on credit cards was $16,048 for households in America. When adding those without revolving debt into the picture, the average drops to $5,700, and the median is even lower, at $2,300. However, for people who have retired, this type of debt can be very problematic. People often assume…