About Me

Understanding Bankruptcy Cases and Outcomes

Hello, my name is Quianna Ridalgo. I enjoy talking to others about bankruptcy case outcomes. Court officials handle each type of debt, from credit cards to home loans, differently. Debtors must carefully prepare themselves for the court proceedings to cope with the outcome appropriately. The way creditors handle the discharged debt also interests me. Bankruptcy attorneys assist their clients with each step of the bankruptcy process from filing paperwork to meeting with creditors. Debtors and creditors both receive counsel that helps them move forward appropriately at every point in the case. The information I share on my site may help you learn about everyone's role in these complex cases. Feel free to come by anytime to learn more information about this interesting subject.

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Understanding Bankruptcy Cases and Outcomes

3 Major Credit Tips

by Loretta Harris

As a person wanting to make the most of their finances, you owe it to yourself to get a great handle on credit and make the most of it. Your credit score and availability can work in your favor, but if your credit rating is poor it can cause you a lot of heartache. Because of this, you'll need to internalize some practical tips to keep you on the positive end of things when it comes to credit. Read this guide so that you are able to make the most out of your credit and give yourself the best possible opportunity to succeed.

Tip #1: Always Remain Aware Of What Your Credit Report Says

With things like human error, identity theft and unethical practices by creditors rampant, you'll need to protect yourself by always having the right information at your fingertips. In order to keep your credit in the best condition, you'll need to pull your credit report and credit score. By getting a copy of this report at least one time per year, you'll be in a good position to rectify any credit issues as they come along. This will come in handy when you are getting ready to apply for anything from a car note to a place to rent, and will also allow you to challenge any errors and make room for negotiation in settling these debts. 

Tip #2: Make Credit Card Payments Multiple Times Per Month

Plenty of people make the mistake of only paying the minimum balance of their credit card on the due date, even though they are completely able to make subsequent payments throughout the month. When you are only paying once per month, your credit card quickly becomes out of sight and out of mind, which makes it all the more difficult to pay it off in a timely manner. Setting up an automatic payment once per month, and then making further payments throughout the month, is the best action to take. 

Tip #3: Undergo Credit Counselling

While being proactive on your own has its place, you will also need to make sure that you are reaching out for help when tackling your debt. Undergoing debt and credit counselling in Edmonton is one of the best things you can do for a number of reasons. For one, these credit counsellors are professionals who understand good debt and bad debt, and which forms of debt draw red flags and inflated interest sooner than others. Next, these counsellors are experienced in creating plans that will allow you to pay down all of your debts in a timely manner. Finally, many of these counsellors are able to help you strike deals with credit agencies that will forgive some of the debt, make more reasonable payments and otherwise help you to rectify the situation and move on with your life. 

With this information in mind, put these three tips into motion so that you can bounce back and enjoy a life of financial prosperity.