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Navigating credit card use after filing for bankruptcy

Roths Child Law

Following bankruptcy, managing credit card usage requires a strategic approach to rebuilding financial stability and creditworthiness. Some tips to help you navigate credit card use after you file for bankruptcy can be found here. Quality should take precedence over quantity when it comes to credit cards post-bankruptcy.

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Rebuilding Your Finances: Credit Cards After Bankruptcy | Credit Tips

Sawin & Shea

Bankruptcy is a great option for many, as it can help people get back on track with their finances. Plus, these bankruptcy options also provide protection from creditors. Here are some expert tips for rebuilding your credit and finding the best credit cards after bankruptcy. You may have to start small, with a secured card.

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US mortgage lenders are starting to go bankrupt

Collection Industry News

And now we can add mortgage lender bankruptcies — and the rise (and fall) of “non-qualified mortgages” — to the factors aggravating an already uncertain market. They’ve previously been touted as an option for creditworthy borrowers who can’t otherwise qualify for traditional mortgage loan programs.

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Cosigner Responsibilities: When Is a Cosigner Liable for a Debt?

Sawin & Shea

If you have a co-signer associated with your debt or if you are a co-signer, you need to be aware of how financial liability works and what happens when the primary debtor declares bankruptcy. Fortunately, in this blog, we’ll unpack cosigner responsibilities when it comes to bankruptcy and debt.

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Tricks to Know When Trying to Improve Your Credit Score

Sawin & Shea

Though bankruptcy is often one of the best ways to get out of debt, it can damage your credit score after filing. There is life after bankruptcy, and you can open new lines of credit and take out loans again after you get back on your feet. Improving Your Credit Score After Bankruptcy. Keep up with payments.

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How to Check Your Credit Score Without Hurting It

Credit Corp

Your credit score is an important aspect of your financial health and is oftentimes used by lenders, landlords, and even employers to determine your creditworthiness. Hard inquiries , also known as hard pulls, are typically made by lenders and other financial institutions and can harm your credit score. What’s a Hard Inquiry?

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Dealing with Debt Collectors

Debt Free Colorado

Bankruptcy may appear to be a scary process, but it does not have to be. You may be able to apply for one of many different types of bankruptcy, each of which accomplishes various aims, depending on your specific situation. The federal Fair Debt Collection Practices Act (FDCPA) does not apply to the actual lender.