For people buried in debt, it can be difficult to imagine what life will be like when that debt is no longer there. The decision to file bankruptcy is a difficult one for many people in Wisconsin, yet it offers many benefits and advantages.
You have probably heard that filing for bankruptcy ruins your credit score. However, the truth is that bankruptcy can actually improve your credit score if you take the right steps once the process is complete.
Filing for bankruptcy can cause a person's credit score to take a hit, but those negative effects aren't permanent. As we have been discussing this week in previous posts, it is possible to start rebuilding your credit right after your bankruptcy discharge takes place.
As we began discussing in the last post, bankruptcy can do a lot of damage to a person's credit score and stays on their credit report for up to 10 years. However, the good news is that individuals in Wisconsin and elsewhere can start rebuilding their credit soon after receiving their bankruptcy discharge.
Wisconsin residents who find themselves in over their heads with debt may consider filing for bankruptcy as a way to clear their debts and start fresh. However, one of the biggest concerns individuals considering bankruptcy have is how it will affect their credit.
Thanksgiving has the potential to be a very expensive holiday. You can save on your Thanksgiving feast and still have it tasty and memorable. One of the easiest ways to make the meal more economical is to start preparing in advance. Buy your turkey now to avoid the mark-up that happens closer to the holiday. If you plan your meal in advance you will have the opportunity to buy the items that you need as you see them on sale. Think how much better it will be splitting the cost of your meal between four or five cheaper purchases instead of one giant bank-breaker two days beforehand. Another good idea is making the meal into a pot-luck style where you provide the main courses and your guests supply the side dishes and desserts.
Counting down the days till Black Friday? Can't wait to ripe apart the ads and plan your shopping trip? Here is some advice to prepare for Black Friday.
Credit Karma featured this great article on an issue that is important to many Southeastern Wisconsin families from Milwaukee to Racine. Miller and Miller can help you to rebuild and repair your credit score. Call us today for a free consultation in one of our three locations: Milwaukee, and Kenosha.
The answer is yes. Bankruptcy will get rid of the debt but will not stop your mortgage company from taking your home back via the foreclosure process.
These days, everyone could use a little extra money. If that rings true, check out this video with Farnoosh Torabi on how to earn up to $1000 monthly.