Call Your Creditors

The 2008 financial crisis caused a wave of personal bankruptcy filings and left creditors stuck with a lot of unpaid debt. Because of this, creditors are more willing to work with cash-strapped consumers to create repayment plans. “A bankruptcy is the worst option for all parties involved,” says Anisha Sekar, vice president of credit and debt… Read More Call Your Creditors

Ask for Help

Taking the ostrich approach to a debt crisis is the worst thing to do, experts warn. Contact a debt counselor for help, but do research before agreeing to work with an agent or agency. There are scam debt counseling companies out there that looking to prey on vulnerable people. According to Sekar, a debt counselor should never… Read More Ask for Help

How do I get credit again after filing for bankruptcy?

  Sometimes circumstances are such that it’s just not reasonably possible to ever successfully repay your debt. That’s why bankruptcy exists. It gives consumers the opportunity to wipe the slate clean and start over. It can be a difficult process, but for many people it’s the best choice for them. Although bankruptcy does offer a… Read More How do I get credit again after filing for bankruptcy?

Ask the adviser

To ask a question of the Bankruptcy Adviser, go to the “Ask the Experts” page and select “Bankruptcy” as the topic. Read more Bankruptcy Adviser columns and more stories about debt management. Bankrate’s content, including the guidance of its advice-and-expert columns and this website, is intended only to assist you with financial decisions. The content… Read More Ask the adviser