When Can I Get a Bankruptcy Off My Credit Report?

Credit Score

When Can I Get a Bankruptcy Off My Credit Report?

When Can I Get a Bankruptcy Off My Credit Report?

Article updated by Mia Taylor May 21, 2018 Filing for bankruptcy in order to deal with overwhelming debts can be a frightening and confusing prospect. But if you’re among those who have opted to use this approach in order to turn a troublesome financial picture around, you’re probably wondering what the next step should be.... Read More

How to Get a Loan After Bankruptcy

Personal Loans

How to Get a Loan After Bankruptcy

How to Get a Loan After Bankruptcy

UPDATE: Article Updated by Brian Acton 4/25/18 Bankruptcy deals a major blow to your credit and hurts your ability to qualify for credit cards and loans. Depending on the type, your bankruptcy may stay on your credit report for up to ten years. But that doesn’t mean you can’t rebuild your credit and access certain... Read More

How to Avoid Filing for Bankruptcy

Managing Debt

How to Avoid Filing for Bankruptcy

How to Avoid Filing for Bankruptcy

We can all hope that we never reach the point of contemplating bankruptcy. Filing for bankruptcy is a huge decision that can financially hurt you for several years. Depending on your financial situation, bankruptcy doesn’t always have to be your only option. Here are some tips to help you avoid using the “B” word. 1.... Read More

Yes, You Can Get Rid of Your Student Loans Through Bankruptcy. Here’s How

Managing Debt

Yes, You Can Get Rid of Your Student Loans Through Bankruptcy. Here’s How

Yes, You Can Get Rid of Your Student Loans Through Bankruptcy. Here’s How

The belief that student loans are never dischargeable in bankruptcy is, simply put, not true. Student loans can be discharged in some limited cases. In fact, according to a study published in 2011 by Jason Iuliano, a student at the Woodrow Wilson School of Public and International Affairs at Princeton University, at least 40% of borrowers who include their... Read More

What Does Bankruptcy Actually Do to My Credit Score?

Credit Score

What Does Bankruptcy Actually Do to My Credit Score?

What Does Bankruptcy Actually Do to My Credit Score?

It’s the big, bad boogeyman of credit scores: bankruptcy. A formal declaration that you are incapable of paying off all your debts as agreed. And while taking such action could spare you from paying off all — or at least some — of the loans that put you so badly in the red, you can expect your... Read More

Can My Bankruptcy Show Up on My Kid’s Credit Report?

Credit Reports

Can My Bankruptcy Show Up on My Kid’s Credit Report?

Can My Bankruptcy Show Up on My Kid’s Credit Report?

A dad who has recovered from money troubles is hoping to help his teen daughter start her financial life with the benefit of a good credit score by adding her as an authorized user to his credit card, but he’s worried that his past could come back to haunt her. “I want to put my daughter,... Read More

My Co-Signer Filed for Bankruptcy. Will I Be Affected?

Credit 101

My Co-Signer Filed for Bankruptcy. Will I Be Affected?

My Co-Signer Filed for Bankruptcy. Will I Be Affected?

Co-signing on a loan or a credit card certainly has its risks, as people with good credit who offer to put themselves on the line for a friend or family member are often told. But what happens if the person who extends their credit profile to someone with no credit or bad credit then has... Read More

Bankruptcy Could Help You Pay Your Student Loans… But at a Cost

Student Loans

Bankruptcy Could Help You Pay Your Student Loans… But at a Cost

Bankruptcy Could Help You Pay Your Student Loans… But at a Cost

Many student loan borrowers, carrying an average of $30,000 in federal-guaranteed and private student loans, have a hard time finding the income in the midst of a weak economy to make the large payments after graduation. While Chapter 7 of the Bankruptcy Code allows for a hardship discharge of student loan debt, proof of that... Read More

How I’m Rebuilding My Credit After Bankruptcy

Credit Score

How I’m Rebuilding My Credit After Bankruptcy

How I’m Rebuilding My Credit After Bankruptcy

Tracy M. (he asked we not share his full name) is rebuilding his credit for the second time. It’s a long haul but despite numerous obstacles — including six-figure student loan debt that has tripled due to fees and interest — he’s not giving up. His experience with credit started in college when a furniture store offered his a... Read More

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