Your Credit Score will be affected whether you file Chapter 7 or Chapter 13. But which is worse on your Credit? In this article I will discuss the Pros and Cons in regards to how each bankruptcy will affect your personal credit rating. Over the years in the Mortgage Industry I have dealt with the affects of these different bankruptcies, and how each one affected your ability to get financed. I know that each has its purpose, but I do know which one I would not file personally.A chapter 13 bankruptcy is where the lawyer gets most of your debts consolidated into a payment you can afford. You make these payments to a trustee for a period of time. This particular bankruptcy is the one I would prefer over Chapter 7. One of the main reasons is the lenders look at Chapter 13 less harshly than a Chapter 7. The main reason is you are attempting to pay back your debts. You can get a mortgage if you are in a Chapter 13. You cannot get a mortgage if you filed Chapter 7 for usually 2 years. Chapter 13 stays on your credit report for 7 years. A chapter 7 […]
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Shredding confidential and sensitive documents is an important activity for businesses of all sizes and all households.The rise of identity theft and fraud means that it is more important than ever to shred your confidential waste effectively and to invest in a shredder that you can rely on to shred your sensitive waste to a secure level.Shredders are also available to dispose securely of your multimedia and CD waste. The purchase of a multimedia shredder could prove invaluable to your business, if your workforce regularly need to download sensitive and confidential information to disc and then find a way to dispose of it safely and securely.Shredders are graded according to how securely they shred your confidential paper and multimedia waste. Consumers should seek to purchase a shredder from a reputable supplier who lists the shredding security level of their machines to ensure they are purchasing the most suitable shredding for their requirements.A shredder’s DIN level indicates the level of shredding security the machine provides. There are currently six levels within the DIN scale, which begins with Level 1, as being suitable for documents of low level security and the disposal of general waste.Level 2 works at a slightly more secure […]
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Credit Cards may have been the reason your credit got the way it is. So you decided not to ever have a credit card again. I know credit cards are evil, but they are a necessary evil to establish credit. Let’s assume you have messed up your credit report with credit cards in the past. So now you must re-establish your credit. What is the quickest way to establish new credit? Most people don know this but credit cards help your credit rating. So you need 1 to 2 cards reporting to your credit report. Ok, but back to the re-establishing credit after some credit issues. You need to go get a Secure Credit Card, this is the quickest way to get your credit score on the rise. Yes, you need to deposit money with the bank, but it’s your money, and you quickly start the process of reporting good credit to all 3 bureaus. Here are some great secure credit cards I highly recommend that does not have a bunch of outrageous fees.1. Orchard Bank2. First Premier BankThese two Secure Credit Cards usually start reporting to the Bureaus to establish good credit with in 60 days. These cards will […]
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