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Showing posts from May, 2019

Tips to get eligible for loans after bankruptcy

When you are unable to repay piled-up debts, declaring bankruptcy is an option to make a fresh start. However, it is a traumatic experience. Bankruptcy means your credit worthiness becomes unfavorable and you hardly have any option to get a loan. However, if you take some steps, you will be able to re-build your credit profile soon and get a credit whenever there is a need. Cowering down in frustration will not help. Instead, you should consider it your financial rebirth and complete your bankruptcy duties responsibly, which, foremost, includes repaying your debts on time. It will help you get your discharge faster. If you fail in your duties, the bankruptcy will reflect on your credit report for a longer time. Remember not to commit the mistakes that led to this bankruptcy. Focus on saving money and keep your budget realistic. Look for expenses, without which you can survive for now and then, get rid of them. Check your habit of impulsive buying. Build an emergency fund, which will