Absolutely! That is EXACTLY what people burdened with student loan debt need! Think about it-every other debt except child support can be wiped out in bankruptcy. Why not student loan debt? Lenders gave students large sums of money without a thought to how they would repay.  Any other type of loan they want to know wha...more

Rebuilding credit after bankruptcy is not as hard as people may think.  Paying your bills on time is obvious, but many people are hesitant to get new credit cards after bankruptcy.  The first thing you should do after your bankruptcy is discharged is get a credit card-secured or unsecured in order to start rebuilding y...more

Predatory lending is a practice that should be made illegal.  The problem is that there are many decent, hard-working people who happen to have poor credit for whatever reason.  They, like everyone else, need a loan from time to time.  It's their credit that is inhibiting them from accessing the cash they need.  In man...more

Rebuilding your credit especially post-bankruptcy isn't as hard as some people think.  You need to use credit to rebuild your credit.  The way to do is by paying your credit card bills on time every month.  Also, taking out a personal or auto loan and paying that bill every month on time assists in repairing your credi...more

I wouldn't say irresponsibility is the issue. Many of the people filing bankruptcy were responsible executives but were forced to file bankruptcy due to circumstances beyond their control (recession, divorce). Savings has little to do with it. No one planned for the recession.

There is a new face of bankruptcy emerging in America.  Bankruptcy should not carry the stigma it once had as the new bankruptcy filers are former corporate executives, attorneys, financial analysts and other white collar professionals.  Many of these people lost their jobs during the recession and could no longer supp...more

Bouncing back from bankruptcy does NOT take 7-10 years regardless of your credit score prior to bankruptcy.  You can rebuild your credit rather quickly post bankruptcy if you are diligent.  To rebuild credit you need to charge small amounts on a secured or unsecured credit card and be sure to pay your bill on time ever...more