Discover Bankruptcy Basics and Learn Whether Filing Bankruptcy is the Right Thing For You.

When it comes to bankruptcy, there is no right or wrong answer. It must be evaluated on a case by case basis. Some experts say it's the worst thing you can do while others say it's the best decision under the circumstances.

Filing for bankruptcy may be the RIGHT option for you if:

  • You got laid off and can't pay your bills at all

  • You can't pay your mortgage or car payments

  • You have only been making minimum monthly debt payments

  • You got sick or are sick and can't pay medical bills

  • You are living month to month and can't get out of debt

  • You have too much credit card debt and are overwhelmed

STOP wasting money and find out if bankruptcy is the right step for you

Get a FREE bankruptcy evaluation today and let the experts help you Bankruptcy Help
  • Repossessions
  • Foreclosures
  • Creditor harassment
  • Garnishments
  • Your house
  • Your car
  • Your wages
  • Your dignity

There is life after bankruptcy - what to do next

One of the first things you should do after filing for bankrutpcy is start repairing your credit. Your credit score is the 3-digit number by which institutions judge your credit worthiness. So it's imperative that you get it fixed as soon as possible. Lexington Law is the biggest provdier of credit repair services in the nation and has deleted many bankruptcies off credit reports. Take advantage of their free credit consultation and find out what they can do for your credit. It's never too soon to start getting your credit back on track.
Call 1-800-292-0204 for your free credit consultation or sign up for one here.

How to build credit history after bankruptcy

Budgeting and planning is also a key way to get your financial life back on track. Putting together a plan to avoid over-spending will help keep you from repeating past mistakes. It's important to put money aside every month if possible to grow the rainy day fund. Spend only what you have. An easy way to do this is to get a prepaid card. Some prepaid cards have excellent benefits like free direct deposit, bill pay, and ATM access. We recommend using the AccountNow® Prepaid Visa® Card because you can build credit history while borrowing money for emergencies. Building good credit history is important after a bankruptcy.

“Spot” demonstrates the value of having good credit in today's world

What Spot gets with having “POOR CREDIT

More loan rejections
LESS home for more $$$ because he only qualified for a loan with a much higher interest rate
HIGHER interest rates on loans and credit cards for the same end product = more money lost

What Spot gets with having “GOOD CREDIT

More loans approvals
MORE home for the same amount of $$$ because he was able to get a loan with a lower interest rate
LOWER overall interest rates on loans and credit cards = more money saved