Credit cards Archives - Page 5 of 7 - Bankruptcy Attorney in Brooklyn, New York

Secured Credit Cards Can Help Improve Credit Scores After Bankruptcy

Bankruptcy, Credit cards, Creditors / By Matt Leichter

Obtaining a discharge in a New York bankruptcy usually improves one’s creditworthiness just by eliminating bad debts, but that doesn’t mean a debtor’s post-bankruptcy credit score will be remarkably great. However, there are steps former debtors can take to raise their credit scores, many of which are discussed here. One option that doesn’t come up …

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Lesson From the Target Data Breach: Protect Private Financial Data

Credit cards, Debt / By Matt Leichter

On Wednesday, January 29, the U.S. Department of Justice announced it would launch an investigation of the “Target data breach,” a break-in of the retailer’s security system late last year that allowed up to 40 million customers’ personally identifiable financial information to be stolen. The extent of the breach still isn’t known, such as whether …

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8 Facts From the Bureau of Justice’s Identity Theft Report

Bankruptcy, Credit cards, Scams / By Matt Leichter

Identity theft can sometimes lead to New York bankruptcy because thieves can take out loans in your name or spend income you need to repay loans. In extreme cases, identity thieves can declare bankruptcy in your name, which can seriously impair your creditworthiness. But just how widespread is identity theft? According to a report issued …

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What Are ‘Luxury Goods and Services’?

Bankruptcy, Credit cards, Debt / By Matt Leichter

Recently, we discussed the reasons a creditor can object to the dischargeability of debts in bankruptcy. One of them was “false pretenses, a false representation, or actual fraud,” and in two specific situations special rules apply. One is when the petitioner’s debts are owed primarily to a single creditor, aggregated to more than $650, and …

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When Can Lenders Challenge the Dischargeability of Credit Card Debt?

Bankruptcy, Credit cards, Debt / By Matt Leichter

Back in October, we discussed the ten situations in which parties can file adversary proceedings. One situation that occurs frequently is the sixth one: determining the dischargeability of a debt. In New York bankruptcy, the type of debt creditors sometimes try to shield from discharge is credit card debt. Because most chapter 7 bankruptcies involve …

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What Are Bankruptcy Risk Scores?

Bankruptcy, Credit cards, Creditors, Debt / By Matt Leichter

People considering filing bankruptcy in New York are well aware of the consequences of a bad credit score. They can be denied credit; potential employers might not hire them; and landlords might decline to rent to them. Consequently there’s plenty of advice about how to maintain and buoy a credit score. What isn’t out there, …

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4 Ways Identity Theft Can Lead to Bankruptcy in New York

Bankruptcy, Credit cards, Debt / By Matt Leichter

Few things are more aggravating than someone impersonating you to obtain credit. To make things worse, fraud on your accounts can force you into bankruptcy. Here are four types of information that if inadequately protected can lead you into bankruptcy. (1) Social Security information. A common way people steal identities is through Social Security numbers. …

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Stay Clear of Credit Rehabilitation Scams

Bankruptcy, Credit cards, Debt, Scams / By Matt Leichter

Most of the time when New York bankruptcy lawyers discuss scams, they’re worried about con artists taking debtors’ money and forcing them into bankruptcy. The most common one is debt settlement, which is discussed here. A less common but sometimes more problematic scam occurs post-bankruptcy: the “credit rehabilitation scam.” The point is to deceive people …

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CFPB Consent Order One More Reason to Stay Away From Debt Settlement

Credit cards, Creditors, Debt, Scams / By Matt Leichter

When New Yorkers have more credit card debt than they can cope with, they sometimes turn to debt-settlement companies, hoping to stay out of bankruptcy. Usually the agreement with the company involves debtors redirecting payments meant for creditors to the debt-settlement company until it can reach an agreement with the debtors’ creditors. The snag: It’s …

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How to Challenge Charges on Your Credit Card Bill

Leave a Comment / Bankruptcy, Credit cards, Creditors / By Matt Leichter

Finding a questionable or incorrect charge on a credit card statement probably happens to most New Yorkers at least once. Most people’s natural inclination is to call the creditor and try to work it out over the phone. If that doesn’t work, the law is on your side, but it’s a slow process involving the …

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The office is open as per the NYS Covid-19 guidelines. We are now doing both in-person and telephone consultations. Please call the office at 718-855-6840 to schedule a time to speak with one of our experienced bankruptcy attorneys.

Secured Credit Cards Can Help Improve Credit Scores After Bankruptcy

Lesson From the Target Data Breach: Protect Private Financial Data

8 Facts From the Bureau of Justice’s Identity Theft Report

What Are ‘Luxury Goods and Services’?

When Can Lenders Challenge the Dischargeability of Credit Card Debt?

What Are Bankruptcy Risk Scores?

4 Ways Identity Theft Can Lead to Bankruptcy in New York

Stay Clear of Credit Rehabilitation Scams

CFPB Consent Order One More Reason to Stay Away From Debt Settlement

How to Challenge Charges on Your Credit Card Bill

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