Transparency in Credit

I often get asked the question, “What do I need to do to fix my credit score after a bankruptcy?” Unfortunately the answer to that is to get another credit card. Most of my clients are reluctant since over use of credit card was what caused them to need bankruptcy relief. However, having a credit, using it and paying it …

If I am married, but I am the only one with credit card debt and my spouse has perfect credit, do we both have to file?

I get this question a lot.  Especially at the point at which a couple decides that it is time to purchase a home, but one spouse has perfect credit while the other has far from perfect credit.  When purchasing a home, it’s more beneficial that both spouses have good credit so that you can obtain the best rates possible. So …

How does Bankruptcy Effect My Credit?

I get this questions a lot, “How will bankruptcy effect my credit.” Generally, the old rule has been that it will affect your credit in terms of getting a credit card or loan for approximately four years and seven years for purchasing a home. Effect, meaning that they lender will weigh the bankruptcy against you. Times however have changed because …