Author Archives: Bethany Lape
What Happens When a Co-Applicant Files Bankruptcy
If you’re a co-applicant or authorized user on a friend or family member’s credit account and you decide to file bankruptcy, you may worry about the impact this will have on your loved one’s...
Opening a New Bank Account after Bankruptcy
Life after bankruptcy requires a good relationship with at least one bank, to do that you’ll need to open a bank account. But depending on your past bank account history, you could be denied....
Getting a Car Loan after Bankruptcy
If you’re exiting bankruptcy and need a new car, then you’re probably worried that no vehicle financing options are available. Fortunately, there are several good options for post-bankruptcy...
How Is My Account Status Reported To Credit Bureaus?
Lenders use status codes when reporting the status of your credit account to the credit bureaus. These status codes have a numeric value that can have a positive or negative impact on your credit...
How Are Debt Consolidation Loans Handled In Bankruptcy?
Debt consolidation loans are used by many people struggling to pay their bills. Consolidation loans are beneficial because they merge many different debts into one, lower your interest rate, and...
What to Do With All Those Credit Card Offers?
One of the first things you’ll notice after your bankruptcy discharge is that your mailbox is overflowing with credit card offers. Since all (or most) of your debts have been discharged, many...
Options for Getting a Home Loan After Bankruptcy
Many debtors fear that a bankruptcy will close off any chance of getting a mortgage. But that’s simply not true, with a little time and proper planning you can get a mortgage with good interest...
How to Finance a Household Appliance Purchase?
In life after bankruptcy it’s inevitable that you’ll need to make a big ticket purchase. And one of the most common things you’ll need to purchase is an appliance. Whether it’s a...
The Pros and Cons of Debt Consolidation
Many people who are struggling with overwhelming debt turn to debt consolidation loans to repay creditors and avoid bankruptcy. And while there are many benefits of debt consolidation, there are also...
How Does That Debt Collector Know About My New Job?
Getting a new job is pretty exciting—new opportunities, more money, and a brighter future. But that new job could also mean bill collectors call your workplace and demand that you hand over all...