Why does Closing a Credit Card Could Hurt Your Credit Scores

One of the worst credit myths you will come across is the concept that closing old credit cards is good for your credit. Consumers close credit card accounts for a variety of reasons. Some consumers will close an account because they are no longer using it. Another consumer might close his credit card accounts out of fear of running up a large amount of credit card debt. The next consumer might decide to close his credit card account because a promotional rate has expired. However,

How To Get Credit Card Debt Forgiveness?

Credit card debt forgiveness is when credit issuers forgive balances as part of the debt settlement agreement. If an issuer thinks you’ll file for bankruptcy or you won’t pay the bill, they may decide that getting some money is better. Most credit card companies are unlikely to forgive all your credit card debts. They accept […]

How Soon will my Credit Score Improve After Bankruptcy?

The decision to file for bankruptcy is a difficult task. The legal process can not only be challenging but damaging to your credit. But know this: the effect of bankruptcy on your credit report isn’t forever. It will last for 7-10 years depending upon the type, and the impact of bankruptcy decreases over time. You […]

How to build Piggybacking Credit?

Building credit isn’t easy. Many lenders don’t want to take risks in extending credit to someone with no history of repaying them. There are two ways for building credit: applying for a secured credit card and a credit builder loan. But there is another way to establish credit using the concept of piggybacking credit. Piggybacking […]

How Long Does Credit Repair Take?

When you start to take a serious step in repairing your credit, you want quick results. You start making responsible financial decisions and taking action to dispute negative items. But you don’t see any significant changes to your credit score. You might start thinking, how long does credit repair take? The credit repair process is […]

How to Handle Bankruptcy After Divorce?

Once you decide to end your relationship with your spouse, you must file for divorce. The divorce process can be traumatic, chaotic, and stressful, especially if bankruptcy is added.  Divorce and bankruptcy are two of the most stressful and emotionally challenging experiences a person can go through, and coping with both at once is daunting, […]

Is Your Credit Damaged by Joint Debt After Divorce?

Are you afraid that your joint debt will damage your credit after divorce? The financial side of divorce is not just about separating and splitting assets. It is also about being responsible for your debt. When you file for a divorce, you may have questions about your and your spouse’s assets and debts. Joint debt […]

Top 5 Ways to Rebuild Your Credit After Divorce

Do you think rebuilding your credit after divorce is a challenging task? Divorce may result in major credit issues, like missed and late payments, increased monthly payments, and high credit card balances. There are many financial issues that could lead to divorce, and after a divorce, these issues may include selling your house or getting […]