Payday loans, or cash advances, are used by twelve million Americans each year, according to a recent study by the Center for Financial Services Innovation. Payday loans are frequently used to cover necessary living expenses such as water, gas, and electric bills, along with rent and car payments. The loans work like this: you go… Read more »
Posts Categorized: Credit Score
Bank Accounts and Bankruptcy
Managing your Checking Account in Bankruptcy When individuals are facing financial hardships, they often overdraw their account, bounce checks, or both. If this is a frequent occurrence, the bank or the individual m ay end up closing the bank account. As a result, a person may have trouble opening up a new bank account. The reason for this… Read more »
Rebuild Bad Credit with Credit Cards
A Guide for Credit Cards Reestablishing your credit can be a daunting task, but it doesn’t have to be! Believe it or not, one of the most effective—and efficient—ways to rebuild your credit is to reenter the credit world. Although you may be thinking, “Credit cards are what got me into this mess in the… Read more »
Check the Accuracy of Your Credit Report
via the NYTIMES: TransUnion, Equifax and Experian Agree to Overhaul Credit Reporting Practices Over the past few blogs we have talked about ways to clear up your credit history and superficially discussed some of the different things increase your credit score. In order for your credit score to be accurate, it’s important that there are… Read more »
Credit Scores and Renting from Landlords
This is part 3 in a series on how credit scores can impact more than your ability to get a loan. Previously, we discussed insurance and employment. Renting | Your Credit Score affects a lot more than credit Clients often seek our help with their consumer debt issues. We help clients with debt related to… Read more »
Credit Scores and Employment
This is part 2 in a series on how credit scores can impact more than your ability to get a loan. You can find part one, which covers insurance, here. Employment | Your Credit Score Affects a Lot More Than Credit Clients often seek our help with their consumer debt issues. We help clients with… Read more »
Credit Scores and Insurance Rates
Your Credit Score Affects a Lot More Than Credit Clients often seek our help with their consumer debt issues. We help clients with debt related to credit cards, medical bills, foreclosures, garnishments, or repossessions. Often times we find that their best solution is to file for bankruptcy. After this determination, the next question is usually,… Read more »
Find Out Why You Were Denied Credit
What to Do if You’re Denied Credit I just read about a nifty tool at reasoncode.org to help find out why you may have recently been denied credit. Run by credit scoring company, VantageScore, the tool gives the explanation behind the confusing two-digit reason code included with your denial. Find Out Why Lenders are required… Read more »
Can I Keep a Credit Card if I file Bankruptcy?
Can I keep my credit card if I file for Chapter 7 bankruptcy? I just had a client call with the same questions we’ve been asked a million times before… “Can I keep my credit card if I file for bankruptcy? It’s a great question that unfortunately gets the typical lawyer answer. “It depends.” Unlike… Read more »