I heard from one of our clients in Washington County recently, and she is totally killing it! Her score increased by 114 points on Credit Karma the day after getting her case number. That’s right, the DAY after filing it went up 114 points. Her financial situation was not an outlier either. She had 2 vehicles, one with… Read more »
3 THINGS PEOPLE DON’T EXPECT AFTER FILING BANKRUPTCY
Congratulations, your case is filed! Filing is the big day in bankruptcy. As of today, no creditor can take any action to collect a debt against you. They have to abandon any lawsuits against you, and they can’t call or email you anymore, they also can’t write negative things on your credit report starting today. What sorts of… Read more »
Top 4 Ways to Build Credit After Bankruptcy
Most of our clients see a 720 credit score only 2 years after bankruptcy. Just follow these any combination of these 4 easy steps to improve your credit score after bankruptcy. Bankruptcy is a legal process that makes debt go away, and credit score measures how regular payments towards debts have been. Often, in the… Read more »
ARE THERE ANY DEBTS THAT DON’T GET LISTED ON CREDIT REPORTS IN MINNESOTA?
People like to think that a credit report has a complete list of the debts that a person owes, but this isn’t true. I regularly pull credit reports when I meet with new clients so that I can find as many accounts as possible and do a thorough job. I go through the reports with… Read more »
Top 4 things People Don’t Expect When Filing Bankruptcy
Bankruptcy sometimes doesn’t work the way people think it will work. Here are the top 4 ways that it doesn’t work the way people expect it to work: BANKRUPTCY AUTOMATICALLY INCLUDES ALL CREDITORS. That’s right, it automatically includes every company or person to whom you owe money. You can’t keep one loan or credit card… Read more »
What Should be on My Credit Report After Bankruptcy?
Credit reports are supposed to show how much money a person owes on various debts and when or if the borrower is making payments on those debts. Because bankruptcy makes many types of debts go away completely and forbids collections, at least temporarily, on others, it can be like a tidal wave on the credit… Read more »
What Happens to Your Credit Score After Bankrupcy?
Minnesota Bankruptcy Attorneys That Can Help You A common concern that many have when they consider filing for bankruptcy is the effect it has on their credit score. Bankruptcy can stay on your credit history for as long as 10 years, but most of our clients have a better credit score than before bankruptcy after… Read more »
When Should I Stop Paying Loans and Credit Cards When Filing For Bankruptcy?
Why Should You Even Pay Your Creditors? If you are going to file for bankruptcy in the future, you may wonder why should you even continue to pay your creditors? Well, you shouldn’t. Many people, before filing for bankruptcy, stop paying their creditors and use that money they otherwise would have sent to them to… Read more »
Minneapolis Landlords Are Now Forbidden to Screen Tenants By Credit Scores
Getting approved for renting apartments or other housing is a good reason to watch your credit score. Everyone knows that in the Twin Cities Metro, there is a housing shortage, so landlords have become more picky about which tenants they will work with. The Minneapolis City Council recently decided to change its laws on… Read more »
How Will Bankruptcy Affect My Credit Score?
Is bankruptcy the best choice for me? How will a bankruptcy affect my credit score? It’s a myth that filing for bankruptcy destroys your credit rating. To the contrary, filing for bankruptcy can put you on the path to a better credit score. How does filing for bankruptcy affect my credit score? At Walker & Walker,… Read more »
