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perfect credit after bankruptcy

Know Your Lenders: Interviews and Lender Calls

Before you even start filling out an application for credit, find out if a bankruptcy will result in an automatic denial of credit. Every lender has standard underwriting guidelines. If you find out the guidelines prior to submitting your application, you’re able to avoid unnecessary inquiries. This takes you closer to your credit score goal …

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Securing Good Credit After Bankruptcy: Secured v. Unsecured

When attempting to obtain your initial credit right after receiving your bankruptcy discharge, it is important to understand the difference between secured and unsecured debt. Secured Credit Cards: The accountholder provides the lending institution with funds equaling the amount of “credit” offered. The funds are held in reserve as “security” on the account. Watch out …

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The Four C’s: Analyzing a Credit Application

There are four major elements of a general underwriter’s guidelines in reviewing and analyzing a credit application. We Call it The Four C’s: Credit – You’ll have a low credit score and a “bankruptcy” notation on your credit report. Be persistent in determining eligibility requirements before applying for credit. Capacity – Your current income and …

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Tell Your Bankruptcy Story: Your Very Own Sound Bite

According research, over 80% of bankruptcy petitioners have dealt with: illness, divorce, or unemployment. What’s your bankruptcy story? Prepare your very own 30-40 second sound bite explaining why you filed for bankruptcy protection. This is important because as you begin your quest towards a credit score of 720, you are going to be talking to …

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Tell Your Bankruptcy Story: Your Very Own Sound Bite

According research, over 80% of bankruptcy petitioners have dealt with: illness, divorce, or unemployment. What’s your bankruptcy story? Prepare your very own 30-40 second sound bite explaining why you filed for bankruptcy protection. This is important because as you begin your quest towards a credit score of 720, you are going to be talking to …

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The Five Stages of Bankruptcy Recovery…I Mean, Grief

It’s called bankruptcy recovery for a reason. It’s an overhaul of your entire LIFE! Allow some time to recover and don’t be surprised if you recognize some familiar coping stages most would associate with grief. Denial & Isolation: More than one million people file bankruptcy every year. Remember this when you feel alone. Anger: It’s …

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