Category Archives: Credit
What to Expect at the 341 Bankruptcy Meeting
When filing for bankruptcy, many clients express anxiety at the thought of the Meeting of Creditors (also called the 341 meeting, after Section 341(a) of the Bankruptcy Code). Knowledge is power, and the Meeting of Creditors isn’t as scary as it sounds. Here is an idea of what to expect, and hopefully cut down on… Read More »
What is “Reaffirming” Secured Debt?
With a Chapter 7 bankruptcy, you need to disclose whether you intend to keep or give back certain things, like your house or your car. If you want to keep something and continue paying on it, though, your lender can still choose to take it back unless you “reaffirm” the debt. Following are the pros… Read More »
Getting it All on Paper – How to Make a Budget
Congratulations! You’ve decided to make a budget. This is an important first step on the way to financial freedom. But where to start? It can seem overwhelming at first. But if you take it step-by-step, it’s relatively painless. There are many computer programs that will walk you through creating a budget, or you can make… Read More »
Why Some “Free Credit Reports” Are Not Free
Have you ever heard that catchy jingle on TV that talks about a free credit report? Did you inquire more with a visit to their web site, only to be either disappointed, or worse, fooled into paying for something that you thought was free? We see it happen all the time. Because of the proprietary… Read More »
Help! My Credit is Shot!
Many people today are suffering due to low credit scores. Often this is because of derogatory or fraudulent information on their credit reports. This damage can result from a variety of factors. There are three main contributors to low credit scores. Delinquency due financial distress Bankruptcy / debt relief / debt repayment programs Reporting of… Read More »
Life After Bankruptcy – Simple Steps to Re-establish Credit
So, you have filed for bankruptcy and gone through the process. Now what? How do you move on? First, let go of any guilt and shame. It is time to start over. Bad things happen to good people all the time and you are not alone. A beginning step in starting over is re-establishing your… Read More »
