In 1978 Congress passed the Fair Debt Collections Practices Act (FDCPA) to regulate the debt collection industry. The act was intended to eliminate abusive practices against consumers when attempting to collect debts. The FDCPA does not erase your debt as bankruptcy can, but it does set strict limits on what creditors or those on their  … Read more

When you finish up your bankruptcy case, you need to manage your finances carefully, so you do not incur too much debt again. Once you receive a discharge in bankruptcy, you must wait a full eight years to receive another Chapter 7 discharge. It is generally a good idea to wait before you start applying  … Read more

One of the reasons people are reluctant to file for bankruptcy is the fact that the bankruptcy can remain on your credit report for up to ten years. This is a valid concern as most of us would like to be able to purchase a home or vehicle in the coming years. If you are  … Read more

You may already have more debt than you can handle, and looking for ways to reduce your payments. Then you see the advertisements come across your social media feed or in your email  for services offering to improve your credit scores or help you repair your credit. They often charge outrageous fees to do the  … Read more

One of the greatest attributes of bankruptcy is its ability to help begin a new chapter in your financial life. A large portion of getting back on the right track with your finances is working to improve your credit score. While there are several ways to increase your credit score after filing bankruptcy, many individuals  … Read more

So you’ve filed Chapter 7 bankruptcy and received your discharge. After bankruptcy, individuals logically begin to consider how they can start to build back their credit which typically involves obtaining a new credit card. While some may want to steer clear of credit cards, especially those who filed bankruptcy in order to wipe out credit  … Read more

Wondering which credit card to sign up for?  The answer depends on your particular needs, credit score, spending habits, card features and other factors. If you understand your options and ask the right questions, you can easily come to a decision. What’s your credit score? Your eligibility for various credit card offers depends on your  … Read more

Perhaps one of the top five myths about bankruptcy is the notion that bankruptcy will ruin your credit score. While it is true that a bankruptcy filing is reported to and will show up on your actual credit repair the idea that the bankruptcy filing itself damages your credit is false. Here is why: 1.  … Read more

You may be thinking: “I am legally able to get a free credit score once a year, right?” Well right, however, this report that you can get from the three credit rating agencies TransUnion, Experian, and Equifax, doesn’t’ actually show you the FICO score. It’s simply a report of every account that is listed on  … Read more

Individuals that are in a tough financial situation have a really difficult time looking towards the future and what it would be like if they were financially free once again. It is understandable how those in financial difficulties can feel this way because of the insurmountable stress that is being placed on them by their  … Read more