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November 2014 Archives

Choosing to File for Bankruptcy

Bankruptcy can help people out of very dire financial situations. However, bankruptcy is not a magic wand to wave over debts, nor it is a general bandage for bad finances. There are several different types of bankruptcy, some of which are specific to certain situations. Before deciding to declare bankruptcy, do some research and find out which type is best for you. The two most common for personal bankruptcy are Chapter 7 and Chapter 13, also known as full bankruptcy and debt consolidation. 

5 Tips for Holiday Savings

The holidays are a time of joy, happiness, gift giving, and lots of food. They are also a time of spending money. This holiday season, protect your finances by being prepared and following these holiday money management tips: 

Buying a Home After Bankruptcy

The aftermath of declaring Chapter 7 or Chapter 13 bankruptcy can be complicated, but the good news is you're beginning again with a fresh outlook. While you know your bankruptcy wasn't caused by laziness or irresponsibility, the process of obtaining a mortgage can still prove to be complex. Fortunately, there are plenty of options available. 

The 3 Best Credit Cards for Students

With the 2009 Credit Card Reform Act now in place for half a decade, credit card companies can now evaluate applicants on their ability to pay their bills, which means card owners must have savings or income. For college students and young adults, these criteria can be difficult to meet - but this doesn't mean there are no reasonable credit cards available. The best credit cards for students have excellent rewards programs, no annual fee, and reasonable interest rates. Here are three of our favorites:

How Bankruptcy Affects Individuals

Many people worry a Kentucky bankruptcy will forever mark them as a failure. Those in the bankruptcy process often fear being perceived as poor businesspeople or as individuals with terrible credit. While it is true that a bankruptcy stays on your credit history for a long time, it is also true that many credit companies and lenders don't necessarily see it as a sign of failure. Creditors know bankruptcy is often the wisest choice for a company, and the efforts required in trying to start a new business show initiative and determination on the part of the businessman or woman taking action.

Why Your Credit Score is Low

Boosting your credit score can be a tricky process and often a difficult one to undertake successfully. One mistake can send your score spiraling down, while building it back up can take a long time and hard work. The following are a few of the reasons why your score might be low, even if you've been following all of the right rules.

  • NACBA- National association of consumer bankruptcy attorneys
  • LexisNexis- AV -Peer review rated
  • Kruger & Schwartz BBB Business Review
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