Ten Things to Think About Before Using Your Credit Card After Bankruptcy 1. Establish a realistic budget. Before using a credit card after bankruptcy, try paying cash for a while. This will help you learn how much money you need each month to pay the basic necessities. Don’t forget to budget for the payments on…
Get the Fresh Start Only the Federal Bankruptcy Laws Can Give You
Author Archives: NCLC
10 Things to Think About Before Getting a New Credit Card After Bankruptcy
Ten Things to Think About Before Getting a New Credit Card After Bankruptcy 1. Don’t apply for a credit card until you are ready. Unfortunately, bankruptcy may not have permanently resolved all of your financial problems. It is a bad idea to apply for new credit before you can afford it. 2. Avoid accepting too…
What You Can Do to Avoid Problems with Credit After Bankruptcy
What You Can Do to Avoid Problems with Credit After Bankruptcy * If you don’t want it, don’t get it. If you have doubts about whether you really need the loan or service, or whether you can afford it, don’t let yourself get talked into it by a salesperson using high-pressure tactics. You can always…
Beware of Rent-to-Own
Beware of Credit Offers Aimed at Recent Bankruptcy Filers Rent-to-own By renting a TV, furniture or appliance from a rent-to-own company, you will often pay three or four times more than what it would cost to buy. The company may make even more profit on you because the item you are buying may be previously…
Beware of Payday Loans, Auto Title Loans
Beware of Credit Offers Aimed at Recent Bankruptcy Filers Small Loans It is always best to save some money to cover unexpected expenses so you can avoid borrowing. But if you are in need of a small loan, avoid the following high cost loans: Payday loans Some “check cashers” and finance companies offer to take…
Beware of "Bad Credit, No Problem"
Beware of Credit Offers Aimed at Recent Bankruptcy Filers Be wary of auto dealers, mortgage brokers and lenders who advertise: “Bankruptcy? Bad Credit? No Credit? No Problem!” They may give you a loan after bankruptcy, but at a very high cost. The extra costs and fees on these loans can make it impossible for you…
Beware of High Cost Predatory Lenders
Beware of Credit Offers Aimed at Recent Bankruptcy Filers Avoid High Cost Predatory Lenders Don’t assume that because you filed bankruptcy you will have to get credit on the worst terms. If you can’t get credit on decent terms right after bankruptcy, it may be better to wait. Most lenders will not hold the bankruptcy…
Beware of Credit Repair Companies
Beware of Credit Offers Aimed at Recent Bankruptcy Filers Credit Repair Companies Beware of companies that claim: “We can erase bad credit.” These companies rarely offer valuable services for what they charge, and are often an outright scam. The truth is that no one can erase bad credit information from your report if it is…
Beware of "Secured" Credit Card Offers
Beware of Credit Offers Aimed at Recent Bankruptcy Filers “Secured” Credit Card Another type of credit marketed to recent bankruptcy filers as a good way to reestablish credit involves “secured” credit cards. These are cards where the balances are secured by a bank deposit. The card allows you a credit limit up to the amount…
Beware of “Disguised” Reaffirmation Agreement
Beware of Credit Offers Aimed at Recent Bankruptcy Filers “Disguised” Reaffirmation Agreement Carefully read any credit card or other credit offer from a company that claims to represent a lender you listed in your bankruptcy or own a debt you discharged. This may be from a debt collection company that is trying to trick you…
Should I Reaffirm Department Store Credit Cards?
Some department store credit cards may be secured. The things you buy with the credit card may be collateral. The store might tell you that they will repossess what you bought, such as a TV, washer, or sofa, if you do not reaffirm the debt. Most of the time, stores will not repossess used merchandise. …
-
Jill Michaux & Mark Neis
Attorneys at Law
Bankruptcy Law Office
Neis & Michaux, P.A.
825 Bank of America Tower
534 S. Kansas Ave., Ste. 825
Topeka, KS 66603-3446
T: 785-354-1471
F: 785-354-1170
Email: lawyers@neismichaux.com Website: www.neismichaux.com
Board Certified in
Consumer Bankruptcy Law
by the American Board of
Certification -
-
