The real estate bubble that caused the financial panic may be distant in the rearview mirror, but a recent study by the CFED (founded as the Corporation for Economic Development) has declared that the economic recovery has “bypassed” millions of Americans. Among its most disturbing findings are widespread poverty in American households and frequent use …
Study Finds Economic Recovery ‘Bypassing’ Millions of Americans Read More »
It’s surprisingly common for people exiting New York bankruptcy to see their credit scores improve. This phenomenon is generally attributed to the fact that debtors have taken the responsible course of action with their debts, rather than letting them spiral into default. Alternatively, creditors may be interested in taking advantage of former debtors’ inability to …
Removing a Bankruptcy Filing From a Credit Report Read More »
Late last year I wrote about the federal government’s investigations into zombie debts that were persisting on people’s credit reports after they filed New York bankruptcy. Uncorrected errors on credit reports like these can cause serious consequences for those trying to obtain new credit, especially those who’ve exited bankruptcy. The good news on this front …
New York Attorney General Announces Settlement With Credit Reporting Bureaus Read More »
File under non-bankruptcy options: What are some ways to pay down those credit card debts, stay out of New York bankruptcy, and possibly raise your credit score? Here are some answers: (1) Obtain your credit report. By federal law, you’re entitled to up to three free credit reports from the three credit reporting bureaus for …
Seven Tips for Paying Down Credit Card Debt and Raising Credit Scores Read More »
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, …
One thing good New York bankruptcy lawyers tell their clients to do is to obtain a credit report in preparation for filing bankruptcy. (In fact, it’s probably a good idea to get the report even before your first consultation with your bankruptcy lawyer.) This can easily be accomplished through Web sites like AnnualCreditReport.com, which allow …
Obtain a Credit Report Before Filing Bankruptcy in New York Read More »
One thing debtors are concerned about is their credit scores and the impact filing bankruptcy might have on them. Indeed, as the economy continues to struggle, the importance of credit scores has grown. Although they are not the be-all and end-all of one’s creditworthiness, banks, landlords, insurers, and even potential employers often use them to …
Most people only consider filing bankruptcy in New York as a last resort to their financial problems. They’ve usually missed payments on some of their loans, often credit card or mortgage debt, and their credit ratings will have dropped rapidly with a series of missed payments. In many circumstances, though, people find that their credit …
Filing bankruptcy in New York can actually improve your credit score Read More »
If you’ve never had to think about bankruptcy in New York before, then you likely have many questions. Fortunately, an experienced New York bankruptcy attorney can answer many of those for you via a free initial consultation. That said, here are 3 common questions about bankruptcy (including answers) that may be helpful to you. 1. …
A real concern for many who file for bankruptcy in New York is whether they can rebuild their credit score following the end of their bankruptcy case. Fortunately, there are effective ways to do this. And there’s no magic to them. They’re simply common sense. Here are 5 good ways to improve your post-bankruptcy credit …
5 tips for improving your post-bankruptcy credit score in New York Read More »
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