A secured credit card is basically a training wheel credit card. You may be a young person applying for a credit card. The credit card company may want to know why it should give you a credit card. You have no credit history at all and you are too big of a risk. So...
Month: February 2020
Credit card options after Chapter 7
After people file for bankruptcy, they may think they will not be able to get a credit card. However, bankruptcy usually does not prevent people from getting new credit cards. A previous blog discussed the effects that bankruptcy can have on a credit score. This blog...
Can bankruptcy improve your credit score?
Whether you want to buy a new car, purchase a home or even set up a cellphone plan, you likely need to have decent credit. If you struggle to pay your bills, though, your credit score may not be as high as you would like. You may also worry about ever having the...
Why elderly bankruptcy is on the rise
Bankruptcy is a legal status where a person declares they are in a financial fix and might not be able to pay for their debts. Individuals, businesses, and even big companies file for bankruptcies all over the world. What is alarming is the high number of older...
Top divorce and bankruptcy considerations before filing
Financial struggles faced by Maryland residents can cause a marriage to fail. When the couple decides to split and file for bankruptcy to start life anew, there are a few considerations before filing one or the other. Keep in mind individuals should assess their...