Building better credit takes patience, discipline and a clear understanding of the strategies that really make a difference. Start by knowing the financial moves that don't work.
Declaring bankruptcy is a decision that affects not only your finances but also your credit score. While your score may decrease after financial hardship, there are practical and real ways to improve it and get back on a better financial path.
Like most big, bad scary things, bankruptcy has a reputation based on a few tidbits of truth and a lot of embellishment. And like most creepy crawlies, it's not nearly as frightening once you know the truth.
If your debts have started spiraling out of control, you may have thought about whether to file for bankruptcy. Massive debt can be crippling, but filing for bankruptcy can also be life altering. Here's a quick guide to help you decide.
Recently, I read an article that surprised me. The article, in Smart Money, addressed the issue of credit scores and the effect of a bankruptcy filing on the score.
