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Are You Being Honest About Your Financial Situation?

When it comes to facing bad news, it's hard to be honest. This is just as true when it comes to personal finances as it is with other things. That's why many debtors bury their head in the sand and pretend that they don't have a debt problem while they sink farther into a financial [...]

By |2018-11-07T23:10:08+00:00January 18th, 2011|Uncategorized|Comments Off on Are You Being Honest About Your Financial Situation?

Post-Bankruptcy Survival: Spending Less Than You Earn

Living beyond your means is almost an American pastime; but it didn't use to be this way. Long before consumer credit became the norm, Americans made it a rule to live within their means. For the debtor who is exiting bankruptcy, becoming in tune with this seemingly lost tradition (which seems to be making a [...]

By |2018-11-08T16:09:14+00:00January 12th, 2011|Uncategorized|Comments Off on Post-Bankruptcy Survival: Spending Less Than You Earn

Post-Bankruptcy Survival: The Case Against Being An Authorized User

Bankruptcy Authorized User One of the main financial goals of debtors exiting bankruptcy is to rebuild their credit. There are several ways to accomplish this goal; but one method, becoming an authorized user on another person's credit card account can be a bit risky for the post-bankruptcy debtor. Let's take a look a few of [...]

By |2018-11-19T22:16:45+00:00January 10th, 2011|Uncategorized|Comments Off on Post-Bankruptcy Survival: The Case Against Being An Authorized User

Post-Bankruptcy Survival: Things To Consider Before Buying That Car

What You Need to Consider Before Buying a Car You've been out of bankruptcy for a few years and now you need a new car - or at least you believe you need one. Should you make repairs to your old car and try to keep it alive a few years longer, should you buy [...]

By |2018-11-08T17:08:33+00:00January 8th, 2011|Uncategorized|Comments Off on Post-Bankruptcy Survival: Things To Consider Before Buying That Car

Debt Settlement Devise New Tricks To Evade Rules

The Federal Trade Commission's new restrictions on debt settlement companies has not stop some of these firms from devising new strategies so that they can still charge upfront fees to customers. "Instead of complying with the new rules, the majority of debt settlement companies are evolving to evade them," said Chris Viale, CEO of Cambridge [...]

By |2018-11-19T22:29:32+00:00January 7th, 2011|Uncategorized|Comments Off on Debt Settlement Devise New Tricks To Evade Rules

Post-Bankruptcy Survival: Protecting Your Credit Report For Overzealous Inquiries

Credit report inquiries are used to calculate 10 percent of your credit score. Might not sound like a big percentage but it makes a big difference for a debtor exiting bankruptcy and trying to rebuild their credit. That's why post-bankruptcy debtors need to understand how credit inquiries impact their score and what they can do [...]

By |2018-11-16T23:17:41+00:00January 6th, 2011|Uncategorized|Comments Off on Post-Bankruptcy Survival: Protecting Your Credit Report For Overzealous Inquiries

Debt Settlement Know the Truth

Maybe you're not ready for bankruptcy-or even a good case for it, but you're still suffering from high debt that makes it impossible to pay the really important bills like rent, electricity, gas, or food. You might want to try and "settle" your credit card bills . When you owe a lot of money in [...]

By |2018-11-19T20:05:36+00:00January 4th, 2011|Uncategorized|Comments Off on Debt Settlement Know the Truth

Post-Bankruptcy Survival: Avoiding The Pitfalls Of Retail Credit Cards

The holiday season is one of the most tempting times of the year to sign up for a retail credit card. But are retail credit cards truly beneficial to post-bankruptcy debtors and other borrowers? Not really, except for the purpose of rebuilding your credit history. A matter of fact, according to a study conducted by [...]

By |2018-11-08T17:08:06+00:00December 21st, 2010|Uncategorized|Comments Off on Post-Bankruptcy Survival: Avoiding The Pitfalls Of Retail Credit Cards

Post-Bankruptcy Survival: A Debtor’s Guide To Surviving The Holidays

So you've received your bankruptcy discharge. Maybe it's been a year or only a few months since you exited bankruptcy; but the holidays are here already. And while this is a time to be "jolly" and generous, it is also a dangerous time for post-bankruptcy debtors. Overspending and credit card abuse can destroy a post-bankruptcy [...]

By |2018-11-12T22:00:23+00:00December 20th, 2010|Uncategorized|Comments Off on Post-Bankruptcy Survival: A Debtor’s Guide To Surviving The Holidays

Post-Bankruptcy Survival: Returning To Basics A Recipe For Success

The Great Recession was fueled by complex financial "products" and "magical" business models which promised the moon and delivered disaster. Ordinary Americans walked away from their careers to cash-in on the "land rush" and investment goldmines which were suppose to set them up financially for life. But if there is any lesson we should learn [...]

By |2018-11-08T16:26:07+00:00December 12th, 2010|Uncategorized|Comments Off on Post-Bankruptcy Survival: Returning To Basics A Recipe For Success