When you get to the point of filing bankruptcy, you are usually hopelessly behind in your debt. Late and missed payments show up on your credit report and lower your score. If you stop making your payments, your score takes a...
Category: Credit Tips
In 1978 Congress passed the Fair Debt Collection Practices Act (FDCPA) to regulate the debt collection industry. The purpose of the act is to eliminate abusive practices that creditors use to collect a debt from the consumer....
11 Oct, 2019
Fair Credit Reporting Act and Bankruptcy
In 1970 Congress passed the Fair Credit Reporting Act (FCRA) to protect consumers from unfair credit and credit reporting agencies. The act is to “ensure that consumer reporting agencies exercise their grave...
22 Jul, 2019
Credit after Bankruptcy
Soon after your bankruptcy, you will start receiving offers to rebuild your credit. Offers of “no credit, bad credit no problem,” while they may be tempting, these offers will often come with high-interest rates...
5 Jul, 2019
Credit Rating and Bankruptcy
Usually, one of the first things people think of when filing bankruptcy is ruining their credit rating. While it’s true, the bankruptcy will stay on your credit report for up to 10 years; filing bankruptcy won’t...
