Tag Archives: life after bankruptcy
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Even though the formal bankruptcy process may end fairly quickly, the process of rebuilding your credit and restoring your financial life is a continuing commitment. Fear of credit damage is usually not a good reason to write off bankruptcy, as struggling with debt outside bankruptcy can damage your credit just as much. However, making the… Read More »
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Rebuilding your credit isn’t easy. Because of high interest rates and the inability to file Chapter 7 bankruptcy for another eight years, you must be cautious in how you approach rehabilitating your credit. Some simple, yet effective ways to rebuild your credit include: Get a secured credit card. A secured credit card operates like a… Read More »
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One of the reasons so many people find themselves drowning in debt, feeling helpless and as though they’ll never get out from under is that they resist pursuing bankruptcy far longer than they should. There is a stigma attached to the very word “bankruptcy,” making many feel as though avoiding it at all costs is… Read More »