What happens to my credit report?

Did you know that filing a bankruptcy case does affect one’s credit report in a negative way?  Many debtors are under the belief that by filing bankruptcy, they will never ever be able to buy a house, car or anything else because they filed bankruptcy.  While filing bankruptcy is not going to produce a positive spin on a debtor’s credit history, nothing can be further from the truth.  Clients have shared with me the fact that they have taken a 200 point hit while others only 100 points.  … [Read more...]

11 Steps to a Safe and Happy Financial Future

Step #1: It is better to have some good credit rather than all bad credit. When times are worst, try to keep one or two of your accounts current. The foundation for rebuilding your credit can hinge on those one or two good accounts. Step #2: Stability is good. Try to avoid moving around too much. Step #3: A co-signer may help you in re-establishing your credit. … [Read more...]