Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Starting Over After Bankruptcy

Saturday, May 18, 2013 - 2:29 PM
From Consumer Affairs:
Since the Great Recession millions of Americans have found themselves in dire financial straits. While filing bankruptcy is often the last resort, many have been left with no other choice.

Bankruptcy can be a devastating move, both financially and psychologically. You are unable to borrow money or use a credit card. Your credit score may be lower than your age. But there is life after bankruptcy.

Once your bankruptcy has been discharged by a court you are able to begin rebuilding your financial life, and you should waste no time in doing so. A first step is to establish, or re-establish, a bank relationship.

Read more

The article points out that there is life after bankruptcy, but the individual will have to learn to handle credit differently.
5
pearlbrownpearlbrown1,431 posts since
Nov 2, 2010
Rep Points: 6,248
Reply