Posts Tagged :

bankruptcy

Couple jumping on beach
Life after bankruptcy: How to repair your credit score, finances, and emotional wellbeing

There’s life after bankruptcy. Having your debts cleared by bankruptcy can be a chance for a fresh start. But picking yourself up afterwards can be way more difficult than most people expect. Bankruptcy isn’t just a piece of paper. By the time you’ve reached that point, your financial and emotional future can seem like a long dark tunnel with no end. Coming back from bankruptcy When entrepreneur Michael Williams* reached the point of bankruptcy, debt collectors accompanied by gang members…

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How long does it take to recover from serious financial difficulty?

If you’re on the verge of a serious financial problem, you need to act quickly. Going bankrupt or having multiple defaults listed on your credit report can severely impact your future ability to take out a loan or open a new line of credit. Lenders will look at your financial past, see that you’ve been unable to handle your finances, and potentially refuse your application. Examples of a major financial misstep include going bankrupt, failing to repay multiple debts over…

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Nine ways to sabotage your own credit score

I’m working hard to improve my credit score these days. In the past I was a bit of a bad boy when it came to paying bills – so I’ve been looking into what will kill your credit score, and fast. Real fast. But just so you know: a good credit score is 500 or more on the scale of 0 to 1,000. Most of us Aussies sit between 400 to 600. Over 800 is brilliant. Anything less than 400 is…

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