What can be done to build credit history after filing bankruptcy?

What can be done to build credit history after filing bankruptcy?
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1 Answer

Answer :

After filing bankruptcy, it is extremely important to be very careful to pay bills in full and on time. Missed payments or carrying credit card balances can negatively impact credit scores.
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Related questions

Client filing for bankruptcy?

Description : Client filing for bankruptcy?

Last Answer : At some point you will need to file a claim against the company (to the bankruptcy trustee, once they are appointed). You'll wait and wait and wait. There's a hierarchy of who gets paid first ( ... they are filing bankruptcy and when it is possible for you to file a claim. read this Good luck.

What will happen to San Bernardino upon filing for bankruptcy?

Description : What will happen to San Bernardino upon filing for bankruptcy?

Last Answer : Bankruptcy would mean that the city can stop servicing its debt and can focus on paying for services. The city has already laid off some 20 percent of its workforce and cut salaries. It is a wakeup call and a lesson for all of the US.

American Airlines may be filing for bankruptcy. My dad is a pilot for them. What does this mean for me?

Description : American Airlines may be filing for bankruptcy. My dad is a pilot for them. What does this mean for me?

Last Answer : Chances are that they are filing operating bankruptcy (Chapter 11) which means that they are reorganizing their debt structure while under the bankruptcy court’s protection, which is unlikely to mean any changes in staffing. Your dad’s job should be safe for now.

Is there any symbolic signficance to GM filing for bankruptcy?

Description : Is there any symbolic signficance to GM filing for bankruptcy?

Last Answer : GM is already out of bankruptcy.

Sirius / XM is filing for bankruptcy. Will we loose satellite radio?

Description : Sirius / XM is filing for bankruptcy. Will we loose satellite radio?

Last Answer : psst, it’s lose!

Is it a problem to appoint someone who is filing for bankruptcy as a trustee to your investment account?

Description : Is it a problem to appoint someone who is filing for bankruptcy as a trustee to your investment account?

Last Answer : yea, I think so

What are my options for debt relief besides filing bankruptcy?

Description : What are my options for debt relief besides filing bankruptcy?

Last Answer : Instead of filing bankruptcy, you can contact your lenders and negotiate settlements with them. If they are aware that you are facing bankruptcy, they often will settle for amounts less than what you owe them.

My brother is thinking of filing bankruptcy. If he filed for bankruptcy would this also take care of the back taxes he owes on his property?

Description : My brother is thinking of filing bankruptcy. If he filed for bankruptcy would this also take care of the back taxes he owes on his property?

Last Answer : It depends on a number of circumstances; often it isn't possible to discharge back taxes in bankruptcy, but it is in some cases if the back taxes are over 3 years old.

Is financial debt solutions a better solution fo filing bankruptcy?

Description : Is financial debt solutions a better solution fo filing bankruptcy?

Last Answer : Debt solutions or consolidation is something you should look into before filing bankruptcy. Consolidationg your debt allows you to make smaller payments over a set amount of time and can positively effect your credit.

Will filing for bankruptcy stop the foreclosure?

Description : Will filing for bankruptcy stop the foreclosure?

Last Answer : Well, yes and no! Many homeowners will file for Chapter 13 specifically to stop their sale date. Only to find out later, that their mortgage is not included and now they may have both on ... collect or contact you. However, the automatic stay and the stopping of the foreclosure is ONLY temporary.

Can credit cards be used after someone files for bankruptcy?

Description : Can credit cards be used after someone files for bankruptcy?

Last Answer : Sometimes credit card charges are not included in bankruptcy. If they are then you will no longer be able to use them.

Am I still allowed credit cards after bankruptcy?

Description : Am I still allowed credit cards after bankruptcy?

Last Answer : Yes, it is still possible to get a credit card after bankruptcy. "Secure" credit cards require you to place a security deposit down in the event of default, but they are a good way of rebuilding your credit.

Is it generally better for your credit score if you pay off old debts or if you file for bankruptcy?

Description : Is it generally better for your credit score if you pay off old debts or if you file for bankruptcy?

Last Answer : Better to pay off. Bankruptcy puts a big mark on you credit report, no one wants to get left holding the bag when you opt out of your debt. Bankruptcy takes the legal obligation away, but does not clear your record.

I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Description : I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Last Answer : For medical bills, you can make small payments to the hospital every month and as long as you’re paying off the loan, they can’t write it off as un upaid bill. So pay them $15 a month and use the extra $ to pay off your credit cards.

do i have to include all credit cards in a chapter 7 bankruptcy

Description : do i have to include all credit cards in a chapter 7 bankruptcy

Last Answer : Need Answer

I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Description : I had filed for bankruptcy 2yrs ago and it was dismissed. I have a zero balance on a auto loan that shows on my credit report. Do I still have to make my car payments?

Last Answer : If you reaffirmed your car loan during your bankruptcy, you agreed to continue making the payments. If you included your car in the bankruptcy, then the loan was wiped clean, as it appears to have ... the lawyer who handled your bankruptcy, but my guess is that your car slipped through the cracks.

I need to get my first loan, what can I do to to help build credit history?

Description : I need to get my first loan, what can I do to to help build credit history?

Last Answer : Building a credit history requires taking out credit to get a history going. Open a no-annual-fee credit card and make sure to charge to it every month. Also, make sure to pay it off in full each month to build a positive credit history.

What are some steps to build credit history in the shortest time?

Description : What are some steps to build credit history in the shortest time?

Last Answer : To build credit history quickly, take out a new credit card and pay off the balance each month. Also, make sure you do not have any balances on major credit cards or store credit cards.

What are some excellent ways to build a good credit history in order to secure a home loan?

Description : What are some excellent ways to build a good credit history in order to secure a home loan?

Last Answer : To build a credit history and raise your credit scores, you must pay your bills on time, you must use credit, and you do not have to pay interest on your credit cards. In fact ... credit cards off fully each month. Most importantly, you cannot expect results overnight, building credit takes time.

Hospital did not submit claim to insurance until after the filing limit. Am I responsible?

Description : Hospital did not submit claim to insurance until after the filing limit. Am I responsible?

Last Answer : You should seek professional legal help with this question.

How long is the average time after filing your income tax return that you will receive your refund?

Description : How long is the average time after filing your income tax return that you will receive your refund?

Last Answer : You can usually expect to get your tax return refund 21 days or more from the filing date depending on how you file.

Occasional sensitivity in a shallow class I amalgam restoration after two days would be managed by: A. Replace old filing immediately B. Oxide Zinc and eugenol C. Using thicker mix of cements D. Tell patient the discomfort will disappear after 4 t o6 weeks E. Ledermix

Description : Occasional sensitivity in a shallow class I amalgam restoration after two days would be managed by: A. Replace old filing immediately B. Oxide Zinc and eugenol C. Using thicker mix of cements D. Tell patient the discomfort will disappear after 4 t o6 weeks E. Ledermix

Last Answer : D. Tell patient the discomfort will disappear after 4 t o6 weeks

When filing your tax returns, can you designate a certain amount of your return to go to a second party, such as a lender?

Description : When filing your tax returns, can you designate a certain amount of your return to go to a second party, such as a lender?

Last Answer : answer:There are tax preparers that will give you a “tax refund” loan. But they will charge you a lot for the privilege of a short term loan. And you have to get your return done by them. Check with H&R Block if you can have it electronically deposited at a third party.

Moved by the number of jellies filing past to send their wishes off, may I ask if some of our old friends will stay on?

Description : Moved by the number of jellies filing past to send their wishes off, may I ask if some of our old friends will stay on?

Last Answer : I’m canceling my Internet and cable to save money on October 21st. I will still have my Rodgers account but it only has a half gig of data per month so I won’t be on as much.

What to choose if option for my separation from work isn't available filing for unemployment?

Description : What to choose if option for my separation from work isn't available filing for unemployment?

Last Answer : answer:“I was laid off due to my position being eliminated” = Lack of Work P.S. You are allowed to ask the unemployment person.

What service should I use for filing taxes? (first timer)

Description : What service should I use for filing taxes? (first timer)

Last Answer : answer:With as simple a return as you appear to have, that is, with no mortgage or student loan or other deductible interest (is student loan interest even tax deductible?) and no other extraordinary income or ... - not one iota - for your cat. But I hope you enjoy its company. See, I care!

Counter Filing Harrasment Charges?

Description : Counter Filing Harrasment Charges?

Last Answer : answer:In the United States you’d file it at the same place as the complaint against you. If work related, at our Human Resources. If at school with the school administration. You can file at any time. If nothing has been filed against you, go ahead and file a charge.

Is it worth going through the process of filing a complaint with a debt collection agency that has my number for no known reason and keeps calling me? Or is it a waste of time?

Description : Is it worth going through the process of filing a complaint with a debt collection agency that has my number for no known reason and keeps calling me? Or is it a waste of time?

Last Answer : answer:The next time they call, tell them that the person they are trying to reach doesn't live there and if they call again you will be filing charges against them with a lawyer (even if the ... violation of them. If you tell them and they continue you would have a legitimate case for a lawsuit.

Do you think more people are filing their own taxes this year?

Description : Do you think more people are filing their own taxes this year?

Last Answer : My taxes are kind’a complicated, so I use a tax service. Plus, just in case I am audited, I want someone with a suit and tie by my side who can answer the questions.

I found out my soon-to-be ex-husband's married girlfriend lied about filing for divorce. Should I tell him?

Description : I found out my soon-to-be ex-husband's married girlfriend lied about filing for divorce. Should I tell him?

Last Answer : No, don’t tell him. He either already knows, since he hasn’t moved in with her, or will find out eventually. If he finds out on his own, he can’t blame you for being the “bearer of bad news”. Welcome to Fluther and good luck.

What is your easy filing system for store receipts?

Description : What is your easy filing system for store receipts?

Last Answer : Easy…... the shredder system…. insert, buzz, gone. :-/

What do you think about the Department of Justice filing an anti-trust suit against AT&T, so it doesn't become too big when it merges with T-Mobile?

Description : What do you think about the Department of Justice filing an anti-trust suit against AT&T, so it doesn't become too big when it merges with T-Mobile?

Last Answer : Both companies are huge as it is. If they merge, there will only be two mobile providers of any size in the US (Sprint barely counts).

Did you know that the general deadline for filing your income taxes this year is April 18, 2011?

Description : Did you know that the general deadline for filing your income taxes this year is April 18, 2011?

Last Answer : I did my taxes early. Thank goodnessss.

Filing a loss this year, am I prepared for an audit?

Description : Filing a loss this year, am I prepared for an audit?

Last Answer : Find a CPA this year. Be prepared for an audit, your idea of froo-froo may not line up with auditors. Also a single year loss of a new business is a RED flag.

When metal is scratched does a small metal filing occur or a dent?

Description : When metal is scratched does a small metal filing occur or a dent?

Last Answer : Depends on what caused the mar.

Tips/tricks on saving/filing more efficiently using Windows 7?

Description : Tips/tricks on saving/filing more efficiently using Windows 7?

Last Answer : Investigate the Libraries. They are quite useful for organizing scattered files.

My check and check stubs showed my employer was taking out witholdings but upon filing my taxes I found she never sent them in and now I have no job and am on ss, what can I do/?

Description : My check and check stubs showed my employer was taking out witholdings but upon filing my taxes I found she never sent them in and now I have no job and am on ss, what can I do/?

Last Answer : Interesting question. Are they holding you responsible for your employers non-action? I would certainly hope not. They should go after the employer, I would think, but I do not know tax law. Good luck. See ya….Gary/wtf

Filing a dispute with an Ebayer?

Description : Filing a dispute with an Ebayer?

Last Answer : I hope you get satisfaction on your complaint, but my general advice is to stay away from eBay. I strongly feel that it is very biased toward the sellers, and does not police itself adequately against fraud. The Property Room is very interesting: Police auction of stolen and confiscated items!

Anyone have any experience with filing insurance with USPS?

Description : Anyone have any experience with filing insurance with USPS?

Last Answer : As the receiver of the package, you won’t be able to obtain the value from the post office. Insurance is only paid to the sender, and he/she needs to fill out a paper in order to make the claim.

How would one go about filing a complaint against a coworker who has been physically violent towards and is now harassing him or her?

Description : How would one go about filing a complaint against a coworker who has been physically violent towards and is now harassing him or her?

Last Answer : Call the police and get a restraining order?

What are the requirements for filing income tax return ?

Last Answer : Income tax return is the means of presenting a brief statement of the taxpayer's annual income to the income tax authority . Taxpayer's annual income-expenditure and assets and liability ... the stipulated time , the concerned taxpayer will be penalized by the Deputy Commissioner of Taxes.

What are the procedures for filing returns ?

Last Answer : : At present there are two methods of filing income tax returns , namely- (1) general method and (2) universal self-assessment method.

What is the penalty for not filing my tax return?

Description : Is there any penalty at all for this?

Last Answer : Yes! There is a HUF 500,000 penalty if you do not submit it, or if you submit it after the penalty has been imposed, you will still have to pay!

Filing an application for insolvency in Teplice

Description : Who will write me an application for debt relief and insolvency in Teplice

Last Answer : Need Answer

Can two room mates file head of household filing status separately?

Description : Can two room mates file head of household filing status separately?

Last Answer : Need Answer

my wife has a catastrophic illness and has to draw upon her IRA. How will this affect our taxes filing jointly

Description : my wife has a catastrophic illness and has to draw upon her IRA. How will this affect our taxes filing jointly

Last Answer : You may be safe from paying a tax. People may need to tap into their individual retirement account before turning age fifty-nine and a half. Withdrawing money before that age subjects the funds to an ... Read more: http://taxes.about.com/b/2008/09/22/taking-early-distributions-from-an-ira.htm

Does bankrupcy effect ur spouses cedit if they rnt filing with you

Description : Does bankrupcy effect ur spouses cedit if they rnt filing with you

Last Answer : I have been living with my boyfriend 11 years and he just filed bankruptcy on his own. Even though we have all our assets mixed, I did not have to file bankruptcy. However, see an attorney because you might have ... bankrupt on your own, but I am not an attorney. I am 99% sure and I am a paralegal.

Can I send a legal notice without a lawyer for recovery of money? And is it necessary to send legal notice before filing a court case?

Description : Can I send a legal notice without a lawyer for recovery of money? And is it necessary to send legal notice before filing a court case?

Last Answer : You can send original signed reminder letter to those whom you expect to return back the money before seeking legal help, else send legal notice from qualified legal counsel and it's general practice as ... will be taken to recover. It's law procedure to send notice first before filing case.

How do you separate iron filing and wood chip?

Description : How do you separate iron filing and wood chip?

Last Answer : Iron fillings can be extracted with a magnet.

What is the timely filing limit for Ohio?

Description : What is the timely filing limit for Ohio?

Last Answer : One year from the date of service.