Bouncing Back After a Bankruptcy

Bouncing Back After a Bankruptcy

Review your credit report

Bouncing Back After a BankruptcyAfter 60 days of closing the bankruptcy case, request for your credit report. Check for any errors (inaccurate, outdated, incomplete or unverifiable information) which can be legally corrected or removed by the credit report agency. Write a brief statement to the agency explaining the reasons that led you to file for bankruptcy and what you’ve done to solve your financial problems. This explanatory statement (30- 50 words long) will always appear on your credit report unless you request for it to be removed.

Get a secured credit card

With a bankruptcy charge, it’s important to demonstrate that you are credit worthy. Get approved for a secured credit card. With this type of credit card, you are only allowed to spend what you’ve deposited in your account ahead of time. Make timely payments before any interest accrues so that the bank can forward a good account history to the reporting agency.

Choose a secured credit card from an issuer who reports to one of the three major credit reporting agencies to ensure it helps to

How to Start or Keep a Good Credit Credit Score

How to Start or Keep a Good Credit Credit Score

How to Start or Keep a Good Credit Credit ScoreMost Americans wonder why they get denied when they submit their first credit application if they do not owe money to no financial institution. Would you be able to lend me ten thousand dollars without knowing me? No, right? That is why financial institutions have to use credit reports to evaluate customer’s credit behaviors.

Credit score is influenced by four factors: history of payments, length of accounts in good standing, inquiries, and types of accounts.

It is difficult to obtain history, length with accounts, or types of accounts when you do not have any kind of previous history. Most credit agencies will turn you down or denied your application because they do not know you. To start building a good credit score, you must establish a secured account. Some institutions call it “secure credit cards” or “secured loans.” Secure products will help you generate history with a credit institution with a low-cost and without risk of generating unnecessary debt. A secured account starts by initiating a savings account which will be

How to Build Your Child’s Credit

How to Build Your Child’s Credit

Boy (2-3) wearing oversized shirt and tie, holding credit card

What can you do if you want to give your child a head start by helping them to build good credit from the beginning? Can you open up accounts in your child’s name, build that credit, and still protect your child from potential identity theft?

Where to Begin

A gift of excellent credit is one of the best things that you can give to your child. There are a few ways to help your child create a great credit report including the following:

  1. Allow your child to become an authorized buyer on your credit card. Even though you will be responsible for paying for all purchases, you will help to build your child’s credit when paying off all balances in full. This is one of the easiest ways to show your child how to handle credit responsibly as well.
  1. If your child is old enough, you can cosign on a credit card for him or her. All people under the age of 21 must have a

5 Signs Your Credit Cards Are Controlling You

5 Signs Your Credit Cards Are Controlling You

Having a credit card is almost a must these days. You need them to book a hotel, rent a car, or make purchases online. “Having credit cards is smart if used properly, related to building a good credit score.” says Christopher Viale, board chairman of the Association of Independent Consumer Credit Counseling Agencies. Viale also warns that, “The pitfalls of using credit cards, not just for the purpose of building your credit profile, obviously involves the temptation for overspending.” Obviously overspending could lead to debt and possible damage to credit scores. Here are five signs that your cards have stopped being a tool to build credit or an asset in accumulating points and rewards but an instrument of debt.

  • You are struggling to make the payment: If you are struggling to make the minimum payment on your cards that is a warning sign. Make sure to make the payments on time. Think about using cash to make purchases while you are paying down credit debt.
  • You spend for rewards: The rewards that come with credit card use are perks of using the card, but you should not be spending to earn the rewards. Remember the

Can Filing For Bankruptcy Keep The Creditor Sharks Away

Can Filing For Bankruptcy Keep The Creditor Sharks Away

Are you tired of the phone calls and voice messages asking you to call some 1 800 number so you can be reminded; how many payments you are behind? Perhaps you are like I was, hesitant to open the mailbox for fear of seeing a notice to appear in court. If you are you are either hoping for a miracle or wondering if filing for bankruptcy can keep the creditors from taking all of your stuff please read on.

The good news is that for the most part, creditors don’t want your stuff. They just want their money plus interest. If you give them their money, they will go away for good. If you don’t pay them, they will be relentless in their efforts to get you to pay up. There are times when folks are forced to liquidate their assets to help pay off their debts. It depends on the case and the circumstances surrounding the debt.

The bad news is that most creditors have money and time on their side to wait for you to pay up. When they get tired of waiting they may sell the debt to someone else who will

Can I Keep My Car During Bankruptcy

Can I Keep My Car During Bankruptcy

Bankruptcy is a big step to take, and it’s completely normal to wonder how making this decision will impact or change your life.

One of the questions that is regularly asked during the bankruptcy process is: can my vehicle be repossessed if I declare bankruptcy? The answer to this question is simple enough if you live in Florida – if you want to keep your car, you will have to pay for it. If you do not live in Florida, the answer to this question depends on a number of different criteria (keeping in mind that each state is different).

The following information regarding this topic may be of help to you, but it’s best to contact a qualified consumer bankruptcy attorney in order to go over your specific case prior to declaring bankruptcy.

The Value of Your Vehicle

What is the current value of your vehicle? This is the first thing that a Bankruptcy Trustee or Judge will likely ask. While you may have some idea of the worth of your vehicle, you will need to have your car or truck appraised professionally.

To do this, you will have to bring

When to Seek Credit Repair Companies

When to Seek Credit Repair Companies

Credit repair refers to the process of reviewing your credit reports from each of the three main credit bureaus to rectify any possible mistakes and discrepancies that often appear in these files.

To quote a relevant study by the United States Public Interest Research Group (US PIRG): “79 percent of all credit reports contain a mistake, error, or discrepancy of some kind.” Additionally, 25 percent of credit reports contain a major error that could result in the denial of new credit.

With such a high prevalence of errors, and one in four chances that the error could cause you to be denied a new credit line, it is important that you take the necessary steps to review your reports on a regular basis and work to correct your mistakes to maximize your credit scores and borrowing potential.

That said, you should bear in mind that repairing your credit is a time-consuming activity that will also require a high level of attention to detail. So, you will probably need to hire a third party to act as your proxy and attempt to identify and remove any negative information from your credit report. The parties that

Can Money Buy Happiness

Can Money Buy Happiness

For the rich people, money is nothing. It is just like an adornment that can add a little excitement to their lives. Yes, rich people may have all the money in the world, but can money buy happiness?

For the poor and the marginalized, money may mean so much. It is the only thing that they will ever have to dream to lift their families from further poverty and at least live a decent life. But for them, it seems money is so hard to get because no matter how hard they work, their lives would never get better, unless they hit the lotto jackpot.

When someone gives even just a few bucks to the underprivileged, you can see in their faces pure happiness. This makes us think that maybe, money is the only thing that can give them pleasure. But who wouldn’t? Even with just a little money, they can already buy a day’s worth of meals or drinks, or even get that simple shirts or pants they longed to buy. Surely, simple happiness comes to simple people like them.

But life can be a little confusing. All that poor people want is

5 Easy Tips For Students to Get Wealthier

5 Easy Tips For Students to Get Wealthier

If you are a student, then there will definitely be times when you feel the need for some money saving tips. It could be because you need to get something nice for yourself but you have used up all your allowance for that week or month. If you are an older student, you might try to balance your studies, extracurricular activities with a part-time job to earn more money but you might find that it is still not enough. This is when you need someone to give you some money saving tips so that you can accumulate some wealth.

It is vital that you do not view learning about money saving tips as something unimportant until the day when you need cash urgently. When that happens, it will be too late to carry out any advice of money saving tips that you might have learnt, so do start now. Below are 5 simple to carry out money saving tips that you can apply in your daily life. You might just find yourself to be a wealthy student soon.

1. Plan beforehand

This step should be applied in everything that you do, especially if you

Money Saving Tips For the Person Who Doesn’t Want to Give Up Much

Money Saving Tips For the Person Who Doesn’t Want to Give Up Much

There are money saving tips that can help you save now, and some that will help over a period of a few months. Although some may not seem like they will save you too much by itself, added together over the course of a year, you could save hundreds.

Coupons are a great place to start when looking for money saving tips. Although they can be a hassle sometimes, they allow you to save money on the things that you would normally be buying anyway. I’ve walked away from the checkout looking at my receipt and seeing that I saved $12 just by using coupons. Done every week, that’s almost $50 a month.

Replacing your faucets and shower-heads with low-flow water-saving ones can help to not only save water, by using less; but also help save the energy it takes to heat that water for your hot bath or shower. For larger families where there are more people who need to bathe or shower, these money saving tips can save a lot of water and energy.

Eating out is something that we all love to do, but it’s no secret that it can be

25 Everyday Money Saving Tips

25 Everyday Money Saving Tips

If you’re dedicated to saving money, you really can make a difference in the things you do every day. I’ve put together a list of 25 practical tips that my readers have personally sent in so that I can share them with others. They’re mums and dads, couples and singles, just like you, who have come up with some simple, yet effective everyday ways to save.

Make sure you read all the way to the bottom because there’s a real gem at the end.

  1. Google saves money. My husband’s Playstation3 was not working. First thought was to get it put in for repair. However a quick search of the internet for the error code that the machine was displaying and a solution was found, saving us $150 in technical service fees.
  2. I take a drink bottle to work and fill it up instead of buying drinks at lunch and also buy a loaf of bread, some cheese, salad etc at the start of the week and leave it in the fridge at work so I can always have whatever I feel like rather than going out to the store.
  3. I have undertaken some WEA courses including: home repairs,

Why It’s Important to Save Money

Why It’s Important to Save Money

Many people these days want to know how to save money, but before they can learn, it is important that they understand why saving is necessary. Regardless of how much people are able to make these days, almost everyone needs to save money. From time to time, people are left with no choice but to borrow money from banks because they did not save for rainy days — and this is where money saving tips can prove to be quite helpful.

During times when the economy is headed into a downward spiral, it is even more necessary to learn how to save money. However, saving under such circumstances can prove to be quite challenging. Bad financial times can arrive at any moment but its the people who have money that survive these tough times quite easily.

Why Save Money?

Why is it important to know how to save? Well, people can end up facing financial troubles for many different reasons. People seem to be in need of money the most when they lose their job. In times like these, having additional money in their bank account makes it a lot easier for people to

Personal Finance Tips on How to Manage Effectively

Personal Finance Tips on How to Manage Effectively

Personal management of finances is not always easy. In fact, many people are having a hard time taking charge over money-matters and some even end up spending more than what they earn despite having a budget plan. What can you do to manage your finances more effectively? The right strategies are essential in order to make things work. Consider the following finance tips from the experts:

Set a definite goal. What would you like to achieve within the next 3 or 6 months or year? Setting a definite goal is important in order to create a suitable plan. For example, if you currently have unpaid debts with multiple creditors, then debt repayment should be your top priority. On the other hand, if you don’t have outstanding debts to pay, perhaps you want to work on building up your savings account. Other goals to consider is saving up money to improve the house, buy a home or car, start a small business, etc. The type of financial plan you need will depend on what you want to achieve.

Be ready to give up some things. In an effort to cut down your expenses, you should be

First Home Financing Tips

First Home Financing Tips

When buying a home for the first time most people will not know how the process works and what is necessary to complete the process. Buying and financing a new home is a long and involved process and having a few first home financing tips could help make the process go a bit smoother. These could also ease a lot of stress.

A first time buyer is someone who has never bought a home before. A realtor is an asset because their job is help buyers through this process. They have been through the buying and financing process many times and will be a wealth of knowledge on how to get through the process smoothly and how to make sure you are able to get financing.

Your credit score will be a vital number in determining if you can get financing or not. A credit score is based on many different factors such as type of credit, balances on in checking and savings accounts as well as credit cards and your payment history. The cleaner your history, the better the chance for a good outcome when it comes to financing.

A credit score will

Some Helpful Suggestions

Some Helpful Suggestions

Entrepreneur or not, your lifestyle and your decisions should be as thoroughly backed by as much meticulous planning and care as you would when you are deciding on the annual budget for a company of your own. There is a whole number of reasons why managing your money well will give you a better chance of success, and it is all about how you position yourself. Let these Personal finance tips show you how.

Finances are the name of the game, and if not kept in top shape, your cluttered finances have a way of accumulating, and then catching up. Pay heed to these important Personal Finance Tips that can help you. Whether you are one of the employees of a huge company, or self employed professionals such as commercial mortgage brokers, there is simply no excuse to mismanage your money matters. Your personal finances are every bit as crucial as corporate finances, and vice versa, although the amounts of money may vary a bit.

Make use of the following tools for managing your finances, and make the best use of them for gain, and to avoid loss. Make use of modern technology and the

Personal Finance Tips From One of Life’s Financial Victims

Personal Finance Tips From One of Life’s Financial Victims

Good advice without strings is extremely hard to find nowadays, nevertheless, this is what I’m here to do. Yes, I’m offering personal finance tips that are both useful and practical, and what’s more, free of charge. Some of my personal finance tips you may have heard from others, and some you may not. However, even if you’ve heard them before, many of them are well worth repeating. After all, good advice always holds its value and none more so than personal finance tips from one of life’s financial victims. I’d even go as far as to say that not only do they represent sound advice, but these words are good enough to live by.

Always be Wary of Shoes

If you’re a man and married, here’s a peculiar and extremely useful personal finance tip I urge you to listen to. Strange as it may sound, please take note of the relationship between your wife and her shoes. Whenever you first marry, usually things start out quite innocently as simply just several nice pairs of shoes and, of course, some sneakers for wearing outdoor. But all of a sudden, it quickly turns out she’ll need a

Why Money Is Worth More Than Life

Why Money Is Worth More Than Life

It is the great trap that has misled and conditioned people since the time of the Roman Empire. Prior to this people traded in goods and clay cylinders and tablets of ancient times verify that money was never used. The rise of coins was gradual and at first untrustworthy as merchants were used to dealing in exchange. Two sheep might have been worth one cow or a sack of barley, and these exchanges are recorded as such.

Only with the introduction of iron and complex alloys could money be minted and the first coins are primitive in design and some carried the king’s likeness while others might bear other images. ‘Exchange’ is the same as ‘X-change’ or ‘changed by the cross’ and that concept needs explaining.

Following my reincarnation and with a strong link to the Spirit of the Universe, the real God, it took me back in time to the origin of religion and the first crucifixion. It showed me the Mother God of Babylon and how it reigns supreme to this day. The identity of the two beasts of Revelation was also made known and the story is now complete.

At the

Financial Irrelevance to God by Those Missing the Real Treasure

Financial Irrelevance to God by Those Missing the Real Treasure

Money is manmade and has nothing to do with the way God sees the world. Wealth is an addiction created by greed and those who engage in it are unlikely to be a part of the inheritance of the great treasure at the end of the day. Following my reincarnation and with a strong link to the Spirit of the Universe, the only real God, it commissioned me to tear down the wall of blindness and bring in the harvest. In a vision a great treasure was shown to me buried deep under the ground.

The meaning of the treasure haunted me for some two to three weeks and my pleas to be shown what it implied had no effect. That is until one day while praying with a minister at the Order of St. Luke’s Healing Service where we each asked for something special. He asked for the healing of one of his charges in a nursing home. My request was to be shown the meaning of the treasure.

On the way home the Spirit led me by a different route which took me past a friend’s house. She is a spiritual person and

The Origin of Monetary Exchange

The Origin of Monetary Exchange

Money is an amazing phenomenon that allowed the world to develop into the tragic and disastrous state it is in today. Money is an invention designed for power and control and its origin is in the Islamic practice of crucifixion of god-men. These Avatars were to rise to heaven to marry Mary, the Mother God of that region. Her symbols include the sun-star depicted on the flag of Islam and the five-pointed star that sits over the systems that comprise the World Order as well as the cross.

Following my reincarnation and with a strong link to the Spirit of the Universe, the only real God (Isaiah 45:4-8) it commissioned me to tear down the wall of blindness and bring in the harvest. We are in the last days and the Internet is the Mountain of God promised to appear at this time to spread the truth over the world (Micah 4:1).

It was foretold that God will speak through the voice of a woman (Isaiah 42:14) to address a huge controversy (Jeremiah 25:31,33). She is called the daughter of Zion (Micah 4:8,10) and it is she who will expose the work of the 2

The Easiest Way To Save Mone

The Easiest Way To Save Mone

We are consumers. We simply need things such as gas for our cars, insurance, phones, groceries, furniture and many other things. All of these things require money! Unfortunately, our economy is not good. Luckily, it’s slowly getting better. But even when our economy gets better, wouldn’t it be nice to save money on all the things we need? Wouldn’t it be nice to have an a few extra thousand dollars in our pockets each year? Well, you certainly can! The best part about it is it’s incredibly easy to do!

No more searching online for hours trying to find the best price for your purchase! The way to save an extraordinary amount of money is via saving money memberships! More specifically, lifetime saving money memberships! I am going to go over the 3 things you need to look for before getting any type membership like this!

1. Duration – You can get one that only last for a few months or years but if you’re looking to save thousands of dollars each year then your best bet is to find a one that offers a lifetime holding. Especially if you enjoy the benefits, it would