Question by Cheshire Smile: How does declaring Bankruptcy result my juice recognition valuation?I know that once you declare bankruptcy you tin’t file again for another 7 years, but how does file affect my work-clothing recognition rating? Do already paid off recognition cards in my call remain valid or are those accounted closed?Best reply: Answer by [...]
Shayne Sherman asked: Keep a close eye on your three C’s. Creditors review your three C’s every time you fill out a credit application. The three C’s are Capacity, Collateral and Character. Using this information creditors are able to create a “risk score” to determine if it is worth their while to extend you a [...]
Cheshire Smile asked: I know that once you declare bankruptcy you can’t file again for another 7 years, but how does filing affect my overall credit rating? Do already paid off credit cards in my name remain valid or are those accounts closed?Charlotte
Kevin H asked: Ok so I have a credit card that has a balance of almost $6,000. The minimum payments are $179.00 each month. This card is insane. The interest is 29.9%. I was possibly thinking that I would get a pre-approved credit card I was offered in the mail for a $5000.00 dollar credit [...]
Alison Cole asked: Even if FICO scores are used by most financing firms and institutions to determine one’s creditworthiness, one must remember that it is not the sole criteria for being granted credit or loans. It is merely a part of the credit decisions that financial institutions use to determine whether or not one is [...]