Bankruptcy Information





Before you buy or refinance A minute now could save you thousands Personal Loan After Bankruptcy by Gary Foreman share your thoughts about frugal living at Also In This Week's Issue More Stories About I've filed bankruptcy about a year ago I understand that a secured credit card would help to re establish my credit What I want to know though is that even if I've filed bankruptcy is it possible for me to obtain a personal loan? If so do you know of any establishments that would offer loans to someone who has filed bankruptcy? Thank you Vi With about million personal bankruptcies occurring in the last year Vi has company And in a society where the availability of consumer debt is assumed she's got a real problem Before we get into specifics let's learn a little about credit and debt The first known use of credit was about years ago in Assyria Babylon and Egypt It appears that debt came to American with the Pilgrims They consolidated their debts in London and made four installment payments Store credit was common all the way back in colonial times and has been popular throughout our nation's history Many items including

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Columbus Wired Central Ohio's Premier Online Magazine             The Dollar Stretcher   Personal Loan after Bankruptcy Gary I've filed bankruptcy about a year ago I understand that a secured credit card would help to re establish my credit What I want to know though is that even if I've filed bankruptcy is it possible for me to obtain a personal loan? If so do you know of any establishments that would offer loans to someone who has filed bankruptcy? Thank you Vi With about million personal bankruptcies occurring in the last year Vi has company And in a society where the availability of consumer debt is assumed she's got a real problem Before we get into specifics let's learn a little about credit and debt The first known use of credit was about years ago in Assyria Babylon and Egypt It appears that debt came to American with the Pilgrims They consolidated their debts in London and made four installment payments Store credit was common all the way back in colonial times and has been popular throughout our nation's history Many items including sewing machines and vacuum cleaners were introduced into our homes on the installment plan The

                          Bankruptcy in Brief              a service of the Moran Law Group   Credit after bankruptcy Those considering bankruptcy frequently worry that they will never get credit after a bankruptcy or that it will be years before they can get credit   Neither is true                    If you owe money on a credit card at the time you file bankruptcy you must list the card as a debt   Remember the are filed under penalty of perjury   perjury in connection with your case can lead to of all of your debts   It is also a federal crime    If you don't owe anything on the card you don't have to give the credit card company notice of your bankruptcy   Note however that they may find out through other means and cancel the card as a precaution American Express is notorious for this Most credit card companies will allow you to keep their credit card for use after bankruptcy if you agree to the balance on the card and enter into a new agreement signed after the bankruptcy filing   The decision is up to the creditor but most creditors



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