If something is reported inaccurately on your credit report, you want to dispute it, because it can be reflected in your credit score. The federal government allows you to dispute any errors that you notice on your credit report, but how do you know what is considered an error?

Below are some of the things you should… Continue reading

An experienced Bankruptcy attorney will tell you it’s a good idea to keep one credit card even after filing bankruptcy, you may ask why? This is because a cash-only existence doesn’t always provide for emergencies. I usually recommend my clients get one credit card to use responsibly after they receive their discharge.

That means for regular, necessary expenses and emergencies only (as I have often explained to… Continue reading

So how do you make the most of it once you’ve file for bankruptcy? You may not realize it, but chances are your credit score has improved.

It may be hard to believe given the nature of bankruptcy, but most of our clients actually see their credit score improve after filing bankruptcy. This is just further proof that bankruptcy doesn’t hurt your credit. It’s important that you don’t

Most people own a credit card for “emergencies,” (REAL emergencies, not the It’s-Christmas-and-I-forgot-to-pick-up-a-present-for-my-dog variety). If you are responsible enough to only use this credit card for emergencies, good for you. As a bankruptcy attorney I love nothing more than getting to see my clients take advantage of the new beginning bankruptcy has given them. Seeing people behave responsibly with their money is always great. But if you

Many folks are aware that a bankruptcy will appear on your credit report if you’ve filed but many don’t know what kind of effect it will truly have. First, you must look at the state of your credit when you decide to file Missouri or Illinois bankruptcy.

By the time you are ready to file, your credit probably isn’t in great shape. Late payments or missed payments, high… Continue reading

The idea of obtaining a free credit report is particularly tempting in these hard times. The banks aren’t handing out loans quite like they used to which has resulted in talk about having and keeping a good credit score. But what are you really getting for free?

Consumers can obtain a free credit report at AnnualCreditReport.com but it does not come with the elusive “score.” It is really a… Continue reading

I’ve heard more and more talk about the luminous credit score. There have been commercials offering to raise it, warning against a low one, and emphasizing their importance—but what does a credit score really mean? Your credit rating is like a grade based on how you’ve handled your credits and debts. One way to raise your score is to make payments on loans and bills on time. But it… Continue reading