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Getting approved for a credit card after bankruptcy can be challenging. To boost your odds of approval, look into cards that are easier to get. Secured credit cards offer near-guaranteed approval ...
The difference between a secured card and a debit card is that the issuer reports your on-time payments to the credit bureaus — a crucial component of rebuilding credit. Ask Someone To Take You ...
Filing for bankruptcy can feel like the ultimate catastrophe. Your assets are wiped out, your credit score takes a major blow and lenders no longer want your business. If you need to get your ...
The disadvantage of filing for personal bankruptcy is that, under the Fair Credit Reporting Act, a record of this stays on the individual's credit report for up to 7 years (up to 10 years for Chapter 7); [5] still, it is possible to obtain new debt or credit (cards, auto, or consumer loans) after only 12–24 months, and a new FHA mortgage loan just 25 months after discharge, and Fannie Mae ...
While it wipes out your old debt, bankruptcy stays on your credit report for seven to 10 years, hurting your long-term chances of qualifying for a mortgage or other credit. After bankruptcy, you ...
Chapter 13 bankruptcy offers a way to reorganize and pay off debts over three to five years without losing essential assets like a home or car. It provides a structured repayment plan and an ...
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