How to Rebuild Your Credit After Bankruptcy
On the declaration of bankruptcy, a fresh start is gained by the debtors, especially with a chapter 7 bankruptcy. The most important thing that is to be taken care of is to rebuild a bad credit report after bankruptcy or else it would affect the customers to get any sort of credit from the banks [...]
Credit Score – How disciplined are you financially?
Your credit score is a 3 digit number that indicates how disciplined you are financially. Credit score, also referred to as FICO score indicates your sense of financial responsibility. FICO is the acronym for Fair Isaac Corp, the company responsible for developing the methodology of credit scoring.
What are the 5 components of a credit score?
Your [...]
Role of credit counseling in bankruptcy
Consumer credit counseling has assumed greater importance with the introduction of the new federal bankruptcy laws that were introduced on 17th October 2005. So, you will not be able to file bankruptcy unless you undergo a credit counseling session at least 6 months prior to filing bankruptcy. According to the new federal bankruptcy laws, in [...]
Credit Report – Is dealing with you risky?
Every monetary movement you make or whenever you are using plastic money, all your financial transactions get recorded in the credit report. When you are applying for credit, either from banking or a non banking institution, your detailed financial information is sent to the credit bureau. Some of the information includes the status of your [...]
