I need advice

Discussion in 'Credit Talk' started by Jammieben, Jul 29, 2020.

  1. Jammieben

    Jammieben New Member

    Hey Guys,

    I'm terrible at making money decisions. So I need some financial advice.
    I was an idiot with using my credit cards, and I have a $22k of credit card debt. My business has failed. Life has become so difficult, especially during this pandemic. It's been really an emotional rollercoaster for my family and me, and it's getting worse for us. There is none another way than filing for bankruptcy. I'm planning to consult a bankruptcy trustee in Toronto. Has anyone has experience with a bankruptcy trustee? How much would be their monthly fee? I came to know that the bankruptcy details will remain in our credit report for 7 to 10 years. If so, Is it possible for me to open credit card accounts or get approved for loans after bankruptcy, especially for business needs? Should I get a credit card before filing for it? How can I build back my credit score after I go bankrupt? Please help me by sharing your experience and do advise me on this matter.

    Thanks
     
  2. tracey001

    tracey001 New Member

    There are several things you can do to rebuild your credit. First, you can get a secured credit card, and deposit money with a bank, that will give you that amount of credit, and then pay the debt each month. Second, you can get a car loan, or, if you reaffirmed a car loan in your bankruptcy, make the payments on time each month. You should also be sure to pay any mortgages or student loans on time. If any student loans are in default, get them into a payment plan. Gradually, your credit score will increase. People get offered credit frequently after a bankruptcy is discharged. Just use it wisely and carefully.
     
  3. RickHarley

    RickHarley Active Member

    Lead generation databases that are out of date and missing vital contact information can lead to costly mistakes in the management and dissemination of leads. As well, missing or outdated data types can also result in ineffective contact management and lead prospecting efforts.
     
  4. RickHarley

    RickHarley Active Member

    Seems interesting.
     

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