Benefit #1: People with poor credit are unable to obtain car loans, credit cards, or even an apartment in their own name. In a credit-driven world, a ruined credit reputation or a status of being deemed “unworthy for credit” is both a stigma and a drawback in everyday life. A primary benefit of working to …
Is Credit Repair The Right Move Post-Bankruptcy?
Anecdotally speaking, filing for Chapter 7 bankruptcy can be – in and of itself – a relief. Most people who take the step of filing a bankruptcy petition have been in a state of fret and worry for months – maybe years – in the period leading up to the filing. The constancy of vexing …
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Credit Repair – Or – Bankruptcy?
“To file, or not to file? … THAT is A question.” That is a question that thousands of debt-burdened debtors ask on an annual basis: “Should I file for Chapter 7 bankruptcy?” Another question often asked is: “What are the alternatives to filing for bankruptcy?” And: “If any”? This writer is of the belief that …
What Credit Score is Needed to Buy a House?
The credit score is generally the prime determiner in whether a prospective house purchaser is able to qualify for a mortgage. In the United States, most houses are purchased through the acquisition of a mortgage. Most home purchasers in the United States today do not have the funds to purchase a home without a mortgage. …
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How Does Bankruptcy Affect My Credit Score?
There is no questioning that filing for bankruptcy is something that can have all sorts of impact on your life. For instance, it’s a major life decision that might affect your employment opportunities, where you can live and might even affect your relationships with others. Quite clearly, it might be a full-on life-changing event. It …
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