Not long after a bankruptcy is filed the debtor ends up inundated with credit card offers. A common question we receive is “should I get a credit card?” We thought it would be appropriate to address this question at large so you can understand the practical effect and consequences of obtaining a credit card, or […]
REBUILDING YOUR CREDIT FOLLOWING A BANKRUPTCY DISCHARGE
Many people think that the act of filing bankruptcy will affirmatively prevent them from re-establishing their credit; that their life, in essence, is over, but this could be further from the truth, and, in fact, the opposite is true. A bankruptcy will not prevent you from obtaining new credit following a bankruptcy discharge. In the […]
How To Prevent Child Identity Theft By Freezing Your Kid’s Credit
More than 1 million kids were victims of identity theft last year. By Casey Bond Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Identity theft is a constant threat these days. With the number of major data breaches that have occurred in the past few years, such as the unprecedented Equifax breach in 2017, […]
Freezing Credit Will Now Be Free. Here’s Why You Should Go for It.
Submitted by Lee M. Perlman, New Jersey Bankruptcy Lawyer. Consumers will soon be able to freeze their credit files without charge. So if you have not yet frozen your files — a recommended step to foil identity theft — now is a good time to take action, consumer advocates say. Security freezes, often called credit […]
How To Get A Mortgage When You Have Bad Credit
A low credit score isn’t always a deal breaker. Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Bad things happen to good people, and bad credit is sometimes one of them. It can be a pain: A poor credit score makes it tougher to get approved for credit cards and loans. And when you […]
How to raise your credit score after bankruptcy
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Q. I have a 525 credit score. I own a house, car and truck with all my other debt paid off the in last three months, and I have a bankruptcy coming off after 10 years in March. What should I expect for a score? — […]
What are errors that show up in credit reports?
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. Errors in credit reports may occur. Some common errors are: Identity errors: Errors made to your identity information (wrong name, phone number, address) Accounts belonging to another consumer with the same or similar name as yours (this mixing of two consumers’ information in a single file […]
6 Habits of Consumers With Excellent Credit Scores
Useful advice for managing your credit score. Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. A healthy credit score is almost essential for comfortable living these days. Without credit, it’s nearly impossible to get an auto loan, mortgage, or personal loan if needed. Interest rates are excessively high for those who have limited or bad […]
Your Credit Score: Updates You Should Know
With a new version of the leading FICO credit score working its way through the lending industry, borrowers who have wrestled with medical debt and others who have only a limited credit history might find their scores have improved when they apply for future credit cards or auto loans. FICO Score 9 was rolled out […]
The Quickest Way to Build Credit Using a Secured Credit Card
If you’re like a lot of Americans and need to build or rebuild your credit score, then a secured credit card is a good option for two big reasons. Unlike standard credit cards, secured cards generally don’t require a stringent credit check (i.e. you can usually have a very low credit score and still […]
