One of the effects of undergoing bankruptcy is the general destruction of your credit report, and it usually takes years to climb out from under the weight of a poor credit score. One of the options some people take after they go through bankruptcy, or after they experience financial difficulties that destroy their credit report, […]
Bankruptcy and Credit Rating
In some cases, it may take years to rebuild your credit fully and reach a point where you can apply for credit cards and receive the lowest rates on interest, as well as enjoy approval for car loans, personal loans, and mortgages. Read on to discover the relationship between filing for bankruptcy and your credit […]
How Important Is Your Credit Score?
Just how important is credit in today’s economy? It isn’t the sole deciding factor that lenders use to evacuate the risk of lending significant sums to you, but it is high on the list! The reality is that your credit score can determine whether you’ll be eligible for life-changing loans like a mortgage, car loan […]
Benefits and Disadvantages of The Credit CARD Act & How It Affects Bankruptcy in Chicago
As of August 2010 the Credit CARD Act is complete. President Obama decided to make it a law in May of 2009 and all the phases of the project are now complete. The law has the ability to aid some Chicago debtors enough that they are able to avoid bankruptcy. Chapter 7 bankruptcy is the […]
