There is a specific law that says you cannot discriminate against someone because they filed bankruptcy. The law is 11 U.S.C. 525. That doesn't guarantee that a prospective employer wouldn't hold it against you, but they're legally not supposed to that. I think the point at which any prospective employer would care ...
Category Archives: Credit Reports
Beware of Credit Repair Schemes
You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail. You may even get calls from telemarketers offering credit repair services. They all make the same claims: "Credit problems? No problem!" "We can erase your bad credit-100% guaranteed." "Create a new credit identity-legally." "We ...
Credit Reports
A consumer credit report is the type of file most individuals have with the various credit reporting agencies-- Experian, Equifax and TransUnion. It is your personal credit file. It is different than the credit report of a business. The following are the limits on information that may be reported in a consumer credit report. They ...
Higher Rates on ALL Your Cards a Risk if Payments Missed on ANY Card
Don Mitchell was surprised to learn his credit-card company reserved the right to boost his interest rate to nearly 25 percent if he fell behind on payments, not just to it but to any creditor. Buried in the fine print of his Citibank card agreement was a clause saying customers who missed payments to ...
Top Myths About Bankruptcy
1. Bankruptcy relief is no longer available and/or practical. This is absolutely false. The new bankruptcy laws have made the process more burdensome in some cases, and altered eligibility for certain people, but for most people, if they were eligible before, then they are likely eligible now for bankruptcy relief. 2. If I file bankruptcy I ...