Comments on: Repairing Your Credit After Bankruptcy Part 1

By: Maria

Maria — Thu, 24 Sep 2009 17:12:08 +0000

Susan, try to learn compassion and understanding for others. Being judgemental is not a healthy way to live. As many have said – walk a mile in someone else’s shoes before you utter one word about their situation. Obviously, you have NO idea what it’s like to fall on hard times and not be able to to pull yourself out. Again, as others have said there is nothing easy about this. It’s a humiliating experience and one not undertaken lightly.

Jenna, thank you so very much for taking the time to help others – it always amazes me the volume of information online and how many people put effort in to do this, when they are getting little to no return – just pure generosity. Thank you again.

By: Tasha

Tasha — Mon, 14 Sep 2009 07:41:14 +0000

Well…I have never been sick, unemployed or loose a business..im just one of those people who was young and dumb that made bad decisions in the past not realizing the consequences and NOW I have things i want to do that I cant. I would like a fresh start since i have done my homework and more responsible with my life. I have just started my chptr 7 in the process of getting my paperwork together, so your advice i will take with me and thanks for the insight….thank u…and goodluck fellow bankruptcipions.

By: Jeni

Jeni — Thu, 13 Aug 2009 18:43:29 +0000

I have sat here and read the responses above and I honestly can’t believe the way people talk to other people. You don’t know their situations or what they’ve been through. And who gives you the right to judge what they HAVE to do?

My husband and I have just started the proceedings for filing bankruptcy and there is NOTHING easy about it. It’s not an easy way out! We have owned our own business for the last seven years and until this economy went south we were doing great. We could afford everything that we have. We took our kids on nice vacations, paid for college; we had the “Great American Dream”. We are now losing it all…house, cars, business, etc. It’s not easy. We have no other choice at this stage of the game.

I’m not going to be ashamed, embarrassed or harassed by people like you because we are in this situation. We weren’t out borrowing and spending money that we didn’t have, we were working hard trying to provide a good life for our family. We have tried to keep from filing bankruptcy and all we’ve done is prolonged the inevitable.

Before you judge you should walk in my shoes!

By: Renee Winford

Renee Winford — Wed, 05 Aug 2009 13:14:27 +0000

I thinks its a shame that people teach other people to lie and cheat. Although Bankruptcy isn’t a crime, you still have to accept responsibility for it and change your behavior (the root of the problem). Lieing to remove a debt you owe, is sweeping dirt under the carpet. Also, its a horrible idea to go and get credit cards again! You did not do your homework. A secured card will prevent you from going into debt and it does wonders for your credit. The best thing you can do is to never be late on any of your bills. You need a 1 yrs good payment history…Contact Consumer Credit Counseling services for help. Use the information. Never lie or cheat anyone. FYI: that is what the rip off credit repair companies do and are being fined and shut down because it is illegal. You reap what you sew

By: Questions About Declaring Chapter 13 Bankruptcy | Ask Mr Credit Card's Blog

Questions About Declaring Chapter 13 Bankruptcy | Ask Mr Credit Card's Blog — Thu, 23 Apr 2009 18:31:01 +0000

[...] Repairing Your Credit After Bankruptcy Part 1 [...]

By: Patricia

Patricia — Wed, 15 Apr 2009 03:25:24 +0000

I have read all of your responses and my heart goes out to each of you (except Susan). The bottom line: Things happen that are beyond our control. When that happens the only option you have is to survive so I don’t blame any of you for your decision. I want to give you all some advice. There are several places that will give you credit, but use it wisely. I filed bankruptcy 4/30/08 discharged 8/27/08 (will never forget that day). Recently got the nerve to apply for a credit card in April was approved through Capital One. I spent $11 and paid it off before I got my first statement (4/11/09). Target is also known to be bankruptcy friendly but if you are not a target shopper I wouldn’t get one. Anyway my advice is be patient and things will come to you.

By: Rose

Rose — Mon, 30 Mar 2009 17:34:01 +0000

I too had to take out bankruptcy after my husband passed away unexpeceditaly 4years ago. I was so embarresed by this, as we had always paid our bills on time.I also thought it was wise to get rid of all my credit cards and pay only cash for my needs. Not the greatest idea. Now I would like to refinance my home but I found out I have no credit score. I was encouraged to get a credit card and use it wisely. I applied for a WalMart card, since I shop there regulary. Guess what? They turned me down because of the bankruptcy. Any way I’m going to try a secured card and hope that works.
So all you people that have been there, good luck to you. Those of you that think bankruptcy is not the way to go, I hope you never have to find out, as most credit card companies only care about the bottom line. Too bad we all don’t work for AIG!

By: Jacquelyn Jones

Jacquelyn Jones — Thu, 26 Feb 2009 06:01:59 +0000

Welcome to the game, Short and sweet . Laid off ,searched for a job a month straight , Asked mortages car, credit card people to reduce interest rates , lower car note and lower interst rates on credit cards , Met with NO, NO not at all .After I brgged pleaded cried and applied for my unemployment which was not enought to satisfy anybody ,lost house car and living with a relative untill I get back on board for a short while, I know soneof you out there has not gone through this to this extent , But if and when you do . It will be a bumpy ride , All bills pd on time every month and when I could not get back up on my feet quickly, Thrown to wolves Chapter seven , no more regrets

By: Beth

Beth — Tue, 17 Feb 2009 01:30:43 +0000

Hello all,

Thank you for the information and posts. Guess what? I, too, have been debilitatingly ill for over 3 years and have spend over $50,000 on my credit cards to get well. I saw over 27 doctors and finally was diagnosed 3 months ago with chronic advaced Lyme disease. It has been HELL to say the least…I have never been so sick in my whole life.

Because my doctors were unable to come up with an accurate diagnosis in a reasonable amount of time my Lyme spread to my brain and CNS. I was so desperate for relief I spent so much money trying alternative therapies since the medical system here really failed me.

I am on the path to recovery now with major medical expenses still, but I am researching declaring bankruptcy because I cannot handle the minimum payments on $50,000 ($1400/month), pay for my current and future treatments (this is going to be a long battle) and I am only making 60% of my salary on disability.

I have already negotiated down my interest rates but still cannot afford the monthly payments. I guess the good news is that I don’t have a car or house to be repossesed but I would like to be able to buy a car and house someday…I have no husband or family to help me and this is really hard.

My heart goes out to all the other people who have chronic debilitating illness and major expenses because of it. Talk about feeling screwed!

If anyone knows of a reputable debt settlement company, please let me know. Most want to charge me $7500 plus a monthly fee to help me talk down the total amount of debt owed back to 40%, but they don’t even pay the creditors, they just have the creditee put money in an account and pay it themselves…I want to be very cautious.

Prayers to all of you.

Beth

By: Tim

Tim — Mon, 16 Feb 2009 04:33:05 +0000

I opened an unsecured at ORchard Bank less than 6 months after discharge credit limit $750 – Very easy approval.